Metropica mixed-use project gets huge financial boost

The developers of the $1.5 billion Metropica mixed-use project in Sunrise secured another big financial commitment as construction moves forward. Metropica Holdings, headed by Joseph Kavana of KGH International Development, secured a $22 million loan from BRBB LLC, a subsidiary of Aventura-based Nuverse Advisors. This will fund the second phase of infrastructure work on the…

Shopping center sells for $27 million

Lauderdale Marketplace was sold to a local investor for $27 million The 265,000-square-foot shopping center at 2900 to 3784 N. State Road 7 in Lauderdale Lakes was acquired by an affiliate of Pompano Beach-based Exclusive Management and Properties, led by Meir Benzaken. Berger Commercial Realty President Lloyd Berger and Senior VP Joe Byrnes represented the…