The three-building Fairway Office Center in Palm Beach Gardens sold for $52.5 million, a discount from its last trade 10 years ago. Three companies affiliated with J.P. Morgan Investment Management sold the 226,674 square feet of office space on the 15.9-acre campus to 7108 Fairway Owner, 7111 Fairway Owner and 7121 Fairway Owner — all…
The Palms Town and Country Mall in Kendall was sold for $285.03 million to an affiliate of Weingarten Realty Investors. The Houston-based REIT (NYSE: WRI) announced the deal as part of its earnings news on July 28 and the transaction was recently recorded in county records. Weingarten said the open-air mall has 664,000 square feet…
Lennar Corp. wants to purchase the Boca Raton Municipal Golf Course from the city to build homes, while in exchange giving the city a privately-owned course in a residential neighborhood. The 194-acre municipal golf course is located at 8111 Golf Course Road, in an unincorporated area on the west side of Florida’s Turnpike. The repossessed…
The Harbour Pointe apartments and their rental boat slips in Fort Lauderdale were sold for $11 million. Harbour Pointe 2201 LLC, managed by Philippe Renaux, Thomas Billette Devillemeur, Anne Grun in Pompano Beach, sold the 34-unit apartment complex at 2201 S.E. 18th Street to Harbour Pointe Avanath Partnership, managed by Brooklyn-based Oak Tree Residential. Marcus…
Nader + Museu LLP told Miami Dade College that it plans to file a bid protest over its process to select a partner to develop a site on its downtown campus after college officials recommended negotiations with the Related Group. The group, led by art collector Gary Nader and financially backed by BrasilInvest, also filed…
A Palm Beach-based company ranked first on the South Florida Business Journal’s list of commercial real estate developers. The company earned the top spot based on its 996,344 South Florida new rentable square footage developed in 2015. To see who topped the list, click through the photo gallery included with this post. The complete commercial…
A Miami-based firm ranked first on the South Florida Business Journal’s list of commercial real estate brokerages. The firm earned the top spot based on its 2015 aggregate dollar volume of sales and leases of $4.9 billion. To see who topped the list, click through the photo gallery included with this post. Newcomers or returnees…
SOURCE: CBRE Rank Company / Prior (* Not ranked in 2015) / URL New square feet developed 2015 S. Fla. projects completed 2015 Project(s) Type(s) of development Top local executive 1 Florida Sunshine Investments, 95 N. County Road, Palm Beach, FL 33480, 561-659-2233 996344 1.0 Cameron Estates multifamily Jeff Greene 2 Flagler Real Estate Services…
When real estate investors and developers look to execute deals, they often turn to their favorite brokers, regardless of the firm they are affiliated with. That’s why there’s been a furious run on recruiting talent among South Florida commercial real estate brokerages. Many of the biggest firms on the list have thrown big money to…
Three former warehouses in Miami’s Wynwood neighborhood have been transformed into retail through adaptive reuse called the Wynwood Arcade. East End Capital hired architecture firm DFA to redesign the 25,000-square-foot facility at 50 N.W. 24th St. DFA founding partner Laith Sayigh said the goal was to give the client the biggest bang for its buck…