Miami-Dade County could sell a 48.9-acre site near Homestead to a developer for to build a new FedEx package distribution facility that would create jobs. The Miami-Dade County Commission will vote on June 7 whether to sell the property at the southwest corner of Southwest 127th Avenue and Southwest 272nd Street for $4.45 million to…
North Broward Preparatory School sold its Coconut Creek campus to a public real estate investment trust for $68.61 million. The private boarding school, a subsidiary of Hong Kong-based Nord Anglia Education, sold the 80-acre campus at 7600 Lyons Road to a subsidiary of New York-based W.P. Carey named BMOC-MIA (FL) LLC. The buyer is a…
Terranova sold the Suniland Shopping Center in Pinecrest for $66.5 million to a real estate investment trust. Suniland Associates Ltd., an affiliate of Miami Beach-based Terranova, sold the property at 11325, 11401, 11415 S. Dixie Highway to DPF Suniland LLC, an affiliate of Denver-based Dividend Capital Diversified Property Fund. It has 82,000 square feet of…
The developers of the $1.5 billion Metropica mixed-use project in Sunrise secured another big financial commitment as construction moves forward. Metropica Holdings, headed by Joseph Kavana of KGH International Development, secured a $22 million loan from BRBB LLC, a subsidiary of Aventura-based Nuverse Advisors. This will fund the second phase of infrastructure work on the…
Lauderdale Marketplace was sold to a local investor for $27 million The 265,000-square-foot shopping center at 2900 to 3784 N. State Road 7 in Lauderdale Lakes was acquired by an affiliate of Pompano Beach-based Exclusive Management and Properties, led by Meir Benzaken. Berger Commercial Realty President Lloyd Berger and Senior VP Joe Byrnes represented the…
2008 photo of Miami’s skyline (Credit: Wyn Van Devanter) Once the nation’s poster region for exploding home prices, the growth of South Florida’s property price has started to downshift. That trend has continued through March, according to the newly released S&P/Case-Shiller Home Price Indices. Home prices in the tri-county area rose by 6.2 percent year-over-year,…
A North Carolina investor purchased 2,168.8 acres of farmland in western Palm Beach County for $25.08 million. Leon Moss Ranch, managed by Kay Moss in Wellington, sold the property on the west side of the L-8 Canal — several miles north of the Twenty Mile Bend on State Road 80 — to St. Lucie River…
Washington, D.C.-based Clarion Partners paid $77.25 million for a four-building industrial park in Pompano Beach. Pompano Industrial Center, an affiliate of Invesco Advisors, sold the warehouses at 1901, 2001 and 2004 N.W. 25th Ave. and 2510 W. Copans Road to CLPF – Pompano Center LLC, an affiliate of Washington, D.C.-based real estate investment firm Clarion…
Property owners won a victory at the U.S. Supreme Court, which ruled Tuesday that they can go to court to challenge government decisions over whether a wetland or stream is subject to the Clean Water Act’s permitting requirements. In U.S. Army Corps of Engineers v. Hawkes Co., the court unanimously ruled that “jurisdictional determinations” on…