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…
An office building in Boca Raton’s Park at Broken Sound could be torn down to make way for a 304-unit multifamily project. Amtec I LLC and Catexor Limited Partnership filed an application with the city on July 22 for the Amtec Residential Center. It would be located on the 21.35-acre site with five office buildings…
Struggling Cincinnati-based department store giant Macy’s Inc. announced Thursday that it’s closing 100 stores in an effort to overhaul its retail strategy. Macy’s (NYSE: M) will close a majority of those stores in early 2017, according to a news release. The locations of which stores will be closed will be announced at a later date,…
The Boca Manor Apartments traded for $13.5 million. Robert G. Gordon Boca Trust LLC, managed by Lee B. Gordon in Palm Beach, sold the 85-unit complex at 2500 N. Federal Highway to KMF X Boca Manor, an affiliate of the Klingbeil Multifamily Fund X, which is managed by the Klingbeil Organization in San Francisco, The…
The operators of the Franklin Academy chapter school in Cooper City acquired the property from their landlord for $20.05 million. CA Miami 6217 SFR, an affiliate of the Canyon-Agassi Charter School Facilities Fund in Santa Monica, California, sold the 9.2-acre campus at 6301 S. Flamingo Road to the Florida Charter Foundation, the Fort Lauderdale-based non-profit…
A company tied to the estate of the late corporate raider Victor Posner filed Chapter 11 over undeveloped homesites in the wealthy city of Weston. Windmill Reserve Corp., also known as the Estates of Swan Lake, filed Chapter 11 in U.S. Bankruptcy Court in Fort Lauderdale on Aug. 8. It listed $15.5 million in assets…