The parent of for-profit Mattia College filed Chapter 11 reorganization in U.S. Bankruptcy Court on Feb. 29 shorty after it closed its schools in West Kendall and Doral. Professional Training Centers listed assets and liabilities both in the range of $1 million to $10 million. It’s owned by Antonio Mattia. It’s likely the case will…
A developer plans to build an aviation training charter school in Miami-Dade County’s Kendall area. Smart Charter Group, an affiliate of Hollywood-based MG3 Developer, filed plans for the 165,100-square-foot school with county officials on Feb. 26. It could host up to 3,000 students. The two-story K-12 school would be located on the 9.5-acre site at…
Sports Authority warned that it could close 140 of its 463 stores nationwide after it filed Chapter 11 bankruptcy reorganization on Wednesday, and that could impact its 23 locations in South Florida. According to coverage by sister paper Denver Business Journal, the Colorado-based retailer plans to close or sell 140 stores, and it could potentially…
Atlantic Square in Pompano Beach A potential redevelopment site that currently houses a shopping center and gas station in Pompano Beach has sold for $14.8 million. Broward County records show Amkin Atlantic Square bought two properties, an 80,000-square-foot retail center and the gas station next door. Atlantic Square Properties,which was managed by now-deceased real estate…
A Miami-based company paid $14.8 million in two transactions for the Atlantic Square retail plaza and a neighboring gas station in Pompano Beach. In the larger deal, Atlantic Square Properties, managed by David M. Scully as representative of the estate of the deceased John N. Rhodis, sold the 79,331-square-foot shopping center at 2500 to 2780…
The final week of February saw some renewed activity for Miami-Dade County’s condo market, which has suffered from a winter slump for the past three months. Last week was also the first time since the end of 2015 that all 10 of the county’s most expensive condo deals were above $1 million. Miami-Dade’s priciest condo…
Gables Auto Vault exterior rendering A mixed-use, luxury project in the works is targeting a new demographic: luxury cars. Interior rendering of Gables Auto Vault Nathan Vedrani and Tom Cabrerizo, director of acquisitions and CEO, respectively, for the Miami-based CFH Group, along with developer Sheldon Lowe, are building the five-story project in the area east…
ICM Realty Group sold Gulfstream Plaza near West Palm Beach for $13.05 million, or a 102 percent increase over its last trade thanks to a renovation. ICM VI – WPB I, part of Atlanta-based ICM Realty Group, sold the 84,738-square-foot retail plaza at 2076 N. Haverhill Road and 4971 Okeechobee Blvd. to Gulfstream Shopping Plaza…
SunTrust Bank funded a $19.5 million construction loan for an automotive dealership and commercial condo project in Miami. It’s located at 3851 Bird Road, a few blocks from the Collection luxury car dealership in Coral Gables. The bank provided the mortgage to Gables Auto Vault, managed by Tomas Cabrerizo of CFH Group. It acquired the…
An exterior shot of the CocoWalk shopping center in Coconut Grove 1. As developers go on shopping spree, Miami retail has never been hotter [Miami Herald]2. Venetian Causeway set to reopen today [Curbed Miami]3. Apartment-building boom looks set to ease [Wall Street Journal]4. Kendall traffic is so bad residents are demanding end to development [Miami New…