A local investor acquired two retail centers in Broward County for a combined $14.225 million. Ptolemaios Property, a Plantation-based company managed by Steven Otto, acquired Palm Plaza in Pompano Beach and Oakbrook Plaza in Lauderhill. Marcus & Millichap’s Joseph P. Thomas represented the buyer in both deals. Douglas K. Mandel, also of Marcus & Millichap,…
A retail and restaurant building designed by local architect Kobi Karp has been proposed in Miami Beach. The application for the four-story, 109,368-square-foot building at 1824 Alton Road is set to go before the city’s Planning Board on Jan. 26. However, a memo from city staff recommended delaying it until a future meeting to resolve…
The parking garage at Panorama Tower, which is set to be the tallest building in Miami, is now open as the building rises into the sky. Florida East Coast Realty said it received a temporary certificate of occupancy (TCO) for the first 11 floors of the 19-story parking garage. Tenants and Florida International University students…
PetMed Express will move its headquarters from Pompano Beach to Delray Beach after acquiring an office/distribution center building for $18.5 million. The pet pharmacy (NASDAQ: PETS) acquired two office buildings for a combined 184,122 square feet on 14.3 acres of land through subsidiary 420 South Congress Avenue LLC. The seller was 420 South Congress Inc.,…
A confidential aviation firm is seeking public incentives to expand in Miramar and create 27 jobs. The city commission will vote on “Project Blade” at its Jan. 27 meeting. The name of the company was kept secret under the Qualified Target Industry application, although the Greater Fort Lauderdale Alliance helped the company with the process.…
Bahia Mar Fort Lauderdale Beach A panel of three developers said they expect South Florida real estate sales will be slow but solid this year, despite concern about a dwindling number of foreign buyers. “My crystal ball says it’s going to be slow, but it’s not going to be bad,” said Jimmy Tate, a partner…
Riverview in Little Havana A Brooklyn-based investor has picked up an apartment building in Miami’s East Little Havana neighborhood for $13.6 million. Miami-Dade County records show Veneto Group LLC sold the 63-unit building to three entities managed by Samuel Matalon and Alfred Sayegh, both of Brooklyn. Veneto Group is tied to Brickell-based Amalfi Investments. Alejandro…
Sunny Isles Beach and Master Brokers Forum “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. The Treasury Department sure has a funny way of saying “Happy New Year.” Just as Miami real estate was over its holiday hangover and gearing up for a…
Good morning South Florida. Did you know we’re still the home of the Whopper? 1. Have it your way Burger King is building a new headquarters in Miami-Dade County, but it’s new office space will be about 50,000 square feet smaller than it’s current digs. Still, it’s a good sign the region can hold on…
DEVELOPMENT Building self-storage facilities isn’t as flashy as building condo towers or upscale shopping, but that market is as hot as any in South Florida. Since July 1, the Business Journal has covered nine groundbreakings and 14 new development proposals for self-storage complexes in the tri-county area. One of the most active developers has been…