City National Bank Plaza near Boca Raton was acquired by a local company for $37.6 million. The 132,598-square-foot building was sold by 7000 West Palmetto I LLC, managed by Morris “Skip” Stoltz II, to TJAC Palmetto Park LLC, an affiliate of Boca Raton-based TJAC Development. The deal included a $31.5 million mortgage. TJAC Development Principal…
The investment fund tied to retired Olympic tennis star Andre Agassi and Canyon Capital Realty Advisors sold the campus of Franklin Academy charter school near Boynton Beach for $22.31 million. CA Miami 7788 OMT, a joint venture between Agassi and Canyon, sold the campus at 7882 South Military Trail to the Florida Charter Foundation, the…
Granite Telecommunications has moved its West Palm Beach office to a larger location, where it plans to add 50 jobs. The Business Development Board of Palm Beach County helped the Quincy, Massachusetts-based firm land $250,000 in public incentives for the deal. The company was known as “Project Chop” in the incentives application approved by the…
Miami-based Bar Invest Group acquired the Serramar Apartment Homes in Lauderhill for $44.1 million in the first of what the firm hopes will be several large apartment community acquisitions in Broward County this year. Serramar Apartments LLC, a subsidiary of Norfolk, Virginia-based national apartment investor Harbor Group, sold the 302-unit rental complex at 6701 West…
The Comerica Tower in downtown Fort Lauderdale sold for $46.5 million, a 43 percent gain from its last trade two years ago. Brookwood Plaza 100 LLC, an affiliate of Brookwood Financial Partners in Beverly, Massachusetts, sold the 11-story office building at 100 N.E. 3rd Ave. to Miami Office 3 LLC, an affiliate of Zurich Alternative…
A 2007 photo of New York Yankees player Alex Rodriguez mid-swing (Credit: Keith Allison) “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Don’t look now, but your Miami Marlins are right in the thick of the National League playoff chase, fighting for a…
A joint venture between South Florida investors paid $12.4 million for the Waterford Villas rental community in Margate. Waterford Villas Associates, an affiliate of Deerfield Beach-based Samco Properties led by Simone A. Spiegel, sold the 120-unit complex at 6954 S.W. 5th Street to Victoria One Waterford Villas. The buyer is a joint venture between Aventura-based…
The site of the closed St. Maurice Catholic Church in Dania Beach could be redeveloped into a mixed-use project with apartments and retail. The city’s Local Planning Agency will consider the land use plan amendment application for the project at 2851 Stirling Road on Aug. 17. It was filed by Stirling Alya LLC, an affiliate…
The Macy’s building in downtown Miami (Credit: Daniel Christensen) 1. Macy’s plans to close 100 stores and boost online investment [Miami Herald]2. Boca office building could be torn down for multifamily project [SFBJ]3. Real estate developer latest to be sued over doomed Fashion Mall [Daily Business Review]4. Lopsided housing rebound leaves millions of people out in…
From top left, Privé Land Banking CEO Javier Rabinovich, COO Mariano Karner, a rendering of the project and Jacob Shprecher, VP of operations As CK Prive Group nears groundbreaking for its Forum Aventura office condo project in Ojus, the developer has launched a sales gallery to drum up sales for the remaining space. The sales…