Beachside hotel development site sold for $9.6M

Miami-based Key International acquired a hotel development site on Fort Lauderdale beach for a combined $9.56 million in three transactions and began demolition on the property. Dan Teixeira, VP of business development at Douglas Elliman Florida, brokered the deal for the 0.71-acre site at 3017-3029 Alhambra Street. Key International affiliate KW Alhambra Property acquired the…

Single-tenant office building sold for $10.3M

A West Palm Beach office building leased to a single tenant sold for $10.25 million, a 20.6 percent gain from its last trade two years ago. CBRE’s Todd Weintraub, Mark Drazek and Ray Ramano represented seller NL Ventures Wekiva, an affiliate of Dallas-based AIC Ventures. The 40,254-square-foot building, at 1920 Wekiva Way, was sold to…

Mixed-use commercial condo project breaks ground

The Dolphin Park of Commerce III, a commercial condominium with three types of uses, broke ground in Sweetwater after securing financing. Centerstate Bank of Florida provided a $10 million construction loan to Dolphin Park of Commerce III LLC, managed by Robert S. Lechter of Miami-based RemsGroup. It funded the 90,035-square-foot project at 10887 N.W. 17th…