PriceSmart PriceSmart, a publicly traded warehouse chain and operator of membership warehouse clubs, has outgrown its space so much so that it’s building a new facility at Flagler Station. The company, which is the largest operator of such clubs in Central America and the Caribbean, currently operates in 360,000 square feet at Flagler Station II.…
Warehouse club chain PriceSmart signed a lease for a 330,000-square-foot distribution center to be built at Flagler Station in Medley. The San Diego-based company (Nasdaq: PSMT) was represented in the deal by Transwestern’s Ben Eisenberg, Walter Byrd, Thomas Kresse and Carlos Gaviria. They also helped PriceSmart extend its lease for 100,000 square feet in its…
Firestone at 1575 Alton Road Miami Beach residents could once again be filling up at the old Firestone service station on Alton Road – except instead of getting gas and new tires, they’ll be munching on gourmet treats. Keith Menin The iconic building, which dominates the 1500 block of Alton Road, opened in 1939 and…
National homebuilder K Hovnanian secured part of the Boca Dunes Golf & Country Club in West Boca for development. Cove Club Investors, a Boca Raton-based company managed by David D. Welch, sold about 42 acres of the 147.5-acre golf course for $10 million. The buyer was Boca Dunes – Boca Raton L.P., an affiliate of…
The Fed Food & Drink The Fed, formerly the Federal Food & Drink, has shuttered only months after reopening with a revamped menu and design. The Fed closed over the weekend with owners choosing not to renew their lease at the Little Haiti building, at 5132 Biscayne Boulevard in Miami. Instead, owners Ani Meinhold and…
A 360,989-square-foot mixed-use project has been proposed along the ocean in Pompano Beach by heavyweight New York developer Chetrit Group and Hollywood partner Ari Pearl. The city’s Development Review Committee will consider the site plan for the Oceanside Pompano Beach project on Aug. 3. The application was submitted by JJ Land Realty for the 3.75-acre…
CK Prive Group received county approval for its third office condo project in the Aventura area. Aventura Square would rise six stories at 18802-18820 West Dixie Highway in the unincorporated Ojus Urban Area. Designed by Miami-based Arquitectonica and Enea Garden Design, the building would have 100,000 square feet of office space for medical and professional…
The Woodland Meadows Apartment Homes in Tamarac were sold to Canyon Capital Advisors for $33 million. Alliance PJWE L.P., an affiliate of Starwood Asset Management, sold the 296-unit complex in a series of two-story buildings at 5760 to 5943 N.W. 57th Court to CMIF II Woodland Meadows, an affiliate of Los Angeles-based Canyon Capital Advisors.…
The recently completed Soleste West Gables mid-rise apartment complex in West Miami was sold to a Chicago-based investor for $57.4 million. Gables Gate Tower, a partnership between Estate Investments Group, Fortune Capital Partners and Mattoni Group, sold the 206-unit building at 2101 S.W. 67th Ave. (Ludlam Road) to Chicago-based Waterton. The apartments started leasing on…
French logistics firm Seafrigo will open a warehouse in Miami with about 50 employees to capitalize on the expansion of the Panama Canal’s shipping lanes. CommReal MIami’s Edward Redlich and Chris Spear represented Seafrigo in leasing 30,000 square feet for a frozen food shipment facility in the South Florida Logistics Center at 3200 N.W. 67th…