New CVS store sold for $16M

A recently constructed CVS pharmacy store in Hallandale Beach traded for $16.02 million. MC Hallandale Beach FL Landlord, an affiliate of Atlanta-based SunTrust Equity Funding, sold the 15,551-square-foot building to 2101 Hallandale LLC, managed by Donna Chiaia in Clifton, New Jersey. The price equates to $1,030 per square foot – one of the highest marks…

The next housing crisis is here

REUTERS/Carlos Barria The next housing crisis is here. And this time the crisis is all about one thing: supply. Following the mid-aughts housing bubble that saw homeowners across the country get themselves upside down in homes and mortgages they couldn’t ever afford to repay — a crisis that was as much about too much supply as…

Publix’s big northern expansion

Publix Super Markets Inc.’s plans for Virginia are shaping up to include the state’s densely populated northern corridor. The Lakeland grocer — which has 770 stores statewide, including dozens in Central Florida — has hired a broker to represent it in Northern Virginia, reports the Washington Business Journal, a sister news organization. For the first…