Sovran Self Storage acquired a recently completed self-storage facility in North Miami for $11.04 million. North Miami Storage LLC, an affiliate of Northbrook, Illinois-based Banner Storage, sold the 99,000-square-foot facility at 640 N.W. 133rd Street to Sovran Acquisition, a subsidiary of the Buffalo, New York-based self storage REIT (NYSE: SSS). The buyer operates nationwide as…
The Fort Lauderdale Boatyard and Marina, formerly Jackson Marine, has been listed for sale. The 11.3-acre site on the southern fork of the New River, a half-mile from the Lauderdale Marina Center, is valued at about $18 million, according to an announcement from the marina. “The shape of most boatyards and marinas can easily determine…
Ten months after acquiring the former BankAtlantic headquarters in Fort Lauderdale, an affiliate of Integra Investments flipped it to a new owner for a modest profit. Miami-based Integra Investments’ 2100 West Cypress Creek Holdings sold the 193,165-square-foot building for $21.5 million to 2100 West Cypress Creek Road Associates, managed by Rosemont, Pennsylvania-based Locust Street Associates…
The developers of Landmark South in Doral broke ground after obtained a $73.16 million construction loan. Bank of the Ozarks granted the mortgage to EHOF Congress Doral, a joint venture between Boca Raton-based Encore Housing Opportunity Fund and Boston-based the Congress Group. It recently started construction of 631 multifamily units, 60,000 square feet of retail,…
Real estate engineering and consulting firm Miller Legg named Michael D. Kroll as president. The Fort Lauderdale-based company, which has 60 employees statewide, has worked on projects such as Florida Atlantic University Stadium, Monterra in Cooper City, Broward College Bailey Hall, the Wellington Municipal Complex, Nicklaus Children’s Hospital emergency department expansion, Memorial Hospital West, Miramar…
• Ravi Ramnarain opened Ravi Ramnarain, CPA, LLC at 401 E. Las Olas Blvd., Suite 130-288, in Fort Lauderdale. The firm provides general taxation, bookkeeping, auditing and outsourced CFO options to individuals and businesses. • GrubHub has expanded delivery service to southeast Florida, launching local service with more than 55 restaurants. www.grubhub.com. • The Southern…
Local midsize banks, those with between $500 million and $1 billion in total assets, collectively had a more turbulent fourth quarter than the banks based in South Florida with $1 billion or more in assets. The eight midsize banks reported $73.8 million in loan growth in the fourth quarter. That’s just over half the amount…
Pipeline Workspaces opened a fourth shared office space site, its first in Doral’s Business District. The location features 14,000 square feet of office space at Doral Concourse, 8400 Doral Blvd. Pipeline leases space to entrepreneurs, startups, lawyers and international business executives. Doral is a hub for small businesses, especially those related to international business. Prices…
The flood of new retail construction should put downward pressure on rents and increase vacancy rates in Miami-Dade and Broward counties, at least temporarily, says a report from Colliers International South Florida. The two counties have a combined 2.13 million square feet of retail under construction, mostly in Miami’s urban core. Ken Krasnow, executive managing…
Transamerican Development Corp. plans to build a mixed-use building near Aventura with apartments, office space and retail. The Miami Beach-based developer, through subsidiary West Dixie Holdings LLC, filed an application with the county for Aventura Greynolds Village on Feb. 8. It would be located on the 3.05-acre site at 17990 W. Dixie Highway, just east…