The Meyers Group paid $4.7 million for a vacant site in downtown Miami and has proposed an apartment building there. KMA USA Real Property Investments, managed by Menzel Amin Avendano, Karina Amin Avendano, and Maria Del Rosario Amin Avendano, sold the 22,500-square-foot site at 525 and 533 N.W. 2nd Ave. to the Coral Gables-based developer…
After standing for more than 60 years, the Carefree Theatre in West Palm Beach is no more. Developer Charles S. Cohen on Tuesday began demolition of the theater located south of downtown to make way for his mixed-use project Carefree 6 @ Flamingo. The city is considering its approval. The Carefree Theatre building was originally…
A subsidiary of Lennar Corp. paid $56.25 million for Doral Corporate Center and a neighboring CVS pharmacy building. Hines VAF II Doral, a subsidiary of Houston-based real estate giant Hines, sold the 150,662-square-foot office building to RREF III-P Doral Office for $48.75 million and the recently completed pharmacy building at 8750 N.W. 36th Street for…
Rendering of the home at 412 West Dilido Drive A Brazilian businessman is set to build his own waterfront Miami Beach mansion after he picked up a Di Lido Island parcel with approvals late last week for $6.5 million. The sale covers 412 West Dilido Drive, a bayfront plot of land measuring 15,750 square feet…
The redevelopment plans for the long-struggling Las Olas Riverfront site in downtown Fort Lauderdale have been revealed and they would add over 1,200 apartments to the booming city. Built in 1998, Las Olas Riverfront was a popular restaurant and entertainment destination for a handful of years, but it got hit hard by the recession, lost…
The repossessed Marketplace at Hillsboro in Coconut Creek was sold for $10 million, resulting in a moderate loss for the lender. A commercial mortgage-backed securities (CMBS) trust using the name 4411 West Hillsboro Boulevard Holdings seized the 112,142-square-foot retail plaza and the 6,781-square-foot automotive building at 4301 and 4589 West Hillsboro Blvd. in 2014 after…
If Kroger Co.’s reported plans to buy Walgreens and Rite Aid stores come to fruition, it could give the grocer a major competitive edge over Publix Super Markets Inc. When Rite Aid and Walgreens (NASDAQ: WBA) complete their merger later this year, about 500 of their stores will likely be put up for sale —…
A mixed-use project featuring a CubeSmart self-storage center and retail could be built west of U.S. 1 in Pompano Beach. The city’s Development Review Committee will consider the proposal for the 1.7-acre site at 950 E. McNab Road on Sept. 7. The application was filed by McNab Grove Inc., a Weston-based company managed by Somashekar…
Rendering of Metropica Add Metropica in west Broward County to the list of South Florida real estate developments in the market for EB-5 money. The developer of Metropica, a vast mixed-use development in Sunrise, is trying to raise foreign investment in the project through the federal EB-5 program. Metropica developer Joseph Kavana, chief executive officer…
The buildings at 328 and 330 Northwest 29th Street (Inset: Matteo Soldatini) Matteo Soldatini, a Miami investor tied to the massive Panama Papers investigation of opaque offshore companies, just paid $6.3 million for a pair of Wynwood warehouses. The deal covers the small mid-century commercial buildings at 328 and 330 Northwest 29th Street. Together, the…