Nutritional supplement market Rexall Sundown sold its Boca Raton office building to Butters Construction & Development, which will spend $3.5 million on renovations and upgrades. The company, a subsidiary of Sundown Naturals in Bohemia, New York, sold the 59,264-square-foot office on 5 acres at 851 N.W. Broken Sound Parkway for $6.125 million to Coconut Creek-based…
The Doubletree Hotel in Palm Beach Gardens was sold out of foreclosure at a 37 percent discount to its prior mortgage. A commercial mortgage-backed securities (CMBS) trust under the name BACM 2006-2 Hotel at Palm Beach Gardens LLC seized the 279-room hotel at 4431 PGA Blvd. in 2015 after foreclosing on the $21.76 million mortgage…
Mark Bellissimo’s previously announced purchase of the International Polo Club in Wellington closed, with the pricing coming in at $72 million. Isla Carroll Farms and ICF West, both part of a family trust controlled by John Goodman, sold the 248-acre equestrian property at 3665 and 3667 120th Avenue South, 12560, 12580, 12600 and 12800 35th…
A December 2011 photo of the Miami skyline (Credit: John Spade) Prices in Miami-Dade County’s residential market continued growing in March, according to a newly released report. Real estate analytics company CoreLogic looked at all Miami-Dade home sales in March and compared their prices to those sold in March 2015. The report found prices rose…
From left: PMG’s Kevin Maloney, the partial ownership structure of 111 West 57th Street and JDS’ Michael Stern From the New York website: Who really owns the city’s biggest development projects? It’s a question that has stumped industry observers for years, as investors typically operate from behind LLCs and ownership stakes are closely-guarded secrets. On…
Moishe Mana and both properties he now owns on the Venetian Islands Assembling properties is nothing new for Wynwood developer Moishe Mana, who just spent $5.2 million on a waterfront Venetian Islands teardown next door to a vacant lot he already owns. Records show Venetian Drive Realty LLC, an entity controlled by Mana, bought the…
The developers of Miami Worldcenter, the 27-acre project that aims to transform the north side of downtown, sold part of the site and plan to launch construction of a new tower soon. The mixed-use project got started nearly a decade ago by Boca Raton-based Falcone Group, led by Art Falcone. It later added Los Angeles-based…
E-commerce distribution company RTA Products signed a lease to expand and relocate to Pembroke Park. Transwestern Senior VP Thomas Kresse represented the landlord of Seneca Industrial Park at 2500 SW 32nd Ave. in the 93,700-square-foot lease valued at over $5 million. The company is relocating from the Miramar Park of Commerce, where it had 60,000…
Bal Harbour Shops rendering Bal Harbour Shops has revamped its $400 million expansion plan with a different configuration that does not include the Village Hall site, after the luxury shopping center’s owners failed to win village approval for their original proposal last month. The latest design has at least 50,000 square feet of less space,…