The Hyde Beach House condo and condo-hotel project by the Related Group, 13th Floor Investments and Key International is slated to break ground Sept. 6 in Hollywood. Related Group Chairman and CEO Jorge Pérez and Sam Nazarian of sbe, the hospitality company that will manage the hotel and restaurant, will headline the event at 6…
Craig Zinn Automotive Group wants to redevelop and expand its Toyota of Hollywood dealership. The city’s Technical Advisory Committee will consider the application by Triangle Auto Center, a subsidiary of Craig Zinn Automotive, on Sept. 6. The application said the project would cost $25 million. Toyota of Hollywood is currently in a 51,237-square-foot building at…
The Quiet Waters at Coquina Lakes apartment complex in Deerfield Beach sold for $36.5 million, a 32 percent gain from its last trade three years ago. Fairfield Quiet Waters, an affiliate of San Diego-based Fairfield Residential, sold the 200-unit apartment complex at 11 to 91 N.W. 45th Ave. to Scully Quiet Waters, an affiliate of…
Physician staffing firm All Star Recruiting plans to more than double the size of its headquarters as it relocates to Deerfield Beach and creates dozens of jobs. Gary Broidis, principal of Atlantic Commercial Group, represented the company in signing a 30,000-square-foot office lease at 800 Fairway Drive. The company plans to relocate from its 12,000-square-foot…
A retail building in West Kendall leased to BJ’s Wholesale Club traded for $28.75 million. Cole BJ Kendall FL DST, managed by Equity Fund Advisors in Phoenix, sold the 133,969-square-foot building at 16200 S.W. 88th Street (Kendall Drive) to TCG Kendall LLC, an affiliate of West Palm Beach-based shopping center investor the Goodman Co. The…
A repossessed retail building in Plantation anchored by CVS pharmacy was sold for $6.2 million. In 2014, an affiliate of a commercial mortgage-backed securities (CMBS) trust called JPMCC 2004-CIBC10 Plantation Complex seized six buildings in Plantation Crossroads after foreclosing on Mercede Realty Associates’ $11.16 million mortgage. The lender, with LNR Partners acting as special servicer,…
North Miami-based IMC Equity Group now owns more than $1 billion in real estate after its $18 million acquisition of West Sunset Square in West Kendall. RREF WSS Acquisitions, an affiliate of Lennar Corp. (NYSE: LEN) subsidiary Rialto, sold the retail center at 15785 S.W. 72nd Street with about 65,000 square feet of leasable space…
The Palm Beach County commission approved the rezoning of a 37.4-acre site west of Boca Raton for commercial development. The property at 9905 to 9845 Clint Moore Road, on the corner of U.S. 441, has been owned by the Thomas family for decades and is the home of its Thomas Produce vegetable packing plant. The…
Florida regulators approved Plaza Health Network’s plan for a 134-bed nursing home in Miami-Dade County. The Florida Agency for Health Care Administration (AHCA) approved the application by Plaza Health at Red Red, an affiliate of the Miami Beach-based non-profit, on Aug. 19. It plans to build the $28.7 million project on the corner of Northwest…
A Miami-based company ranked first on the South Florida Business Journal’s list of commercial property management firms. The company earned the top spot based on its 18.42 million rentable square feet managed in South Florida as of July 2016. To see who topped the list, click through the photo gallery included with this post. Newcomers…