New York Community Bank sold its branch building and the attached retail strip in Surfside for $18 million. The bank (NYSE: NYCB), which operates in Florida as AmTrust Bank, sold the 25,058-square-foot building at 9564 Harding Ave, to Surfside Retail LLC, an affiliate of Great Neck, New York-based Benedict Realty Group. The bank provided seller…
DetailsNew York Community Bank sold its branch building and the attached retail strip in Surfside for $18 million. The bank (NYSE: NYCB), which operates in Florida as AmTrust Bank, sold the 25,058-square-foot building at 9564 Harding Ave, to Surfside Retail LLC, an affiliate of Great Neck, New York-based Benedict Realty Group. The bank provided seller…
DetailsRenderings of VIDA at the Point VIDA at the Point, a planned waterfront condominium project in Aventura, is set to begin construction this month, after reaching its 50 percent sales target. The six-unit luxury development at 3750 Yacht Club Drive in Aventura, has sold three condos, and will demolish its existing sales office, then start…
DetailsProperty Markets Group obtained a loan that could lay the ground work for one of the tallest buildings in Miami. DW Commercial Finance gave New York-based PMG a $27 million loan for its project at 300 Biscayne Blvd. Arnstein & Lehr attorneys Luis Flores, Lori Hartglass and Rebecca Sarelson represented the developer in the deal.…
DetailsThe New York Stock Exchange in the Financial District (inset, from left: Marc Holliday and Steven Roth) From the New York website: New York city’s major publicly listed real estate firms were not exempt from today’s stock market hangover – the worst post-New Year’s Day performance by the U.S. markets since 2008. The Dow Jones Industrial Average…
DetailsAn aerial view of Miami’s Brickell neighborhood (Credit: creative commons user Towpilot) 1. Miami has the fourth “smartest” homes in the country [Curbed Miami]2. Walmart breaks ground on controversial Midtown Miami store [The Next Miami] 3. Here’s what the inside of MiamiCentral might look like [Miami New Times]4. Long-dormant development projects may come to life on…
DetailsDespite the rush to close out deals before year’s end, only one condo was sold for more than $1 million last week in Miami-Dade County. But, it sold for a whole lot more than $1 million. The county’s biggest condo sale last week was a 25th-floor unit at the newly built Mansions at Acqualina in Sunny…
DetailsA rendering of the Center for Intelligent Buildings, which nabbed county approval in 2015 An affiliate of United Technologies Corp. just closed on a $17.25 million land deal in Palm Beach Gardens, where it plans to build a cutting-edge innovation center for showcasing new building technologies. The deal includes about 30 acres of wooded land…
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Prologis sold the Concourse Village shopping center in Jupiter to a joint venture between DDR Corp. and Blackstone for $26.4 million. The deals follows Prologis (NYSE: PLD) selling three retail properties in Broward County to DDR (NYSE: DDR) and Blackstone the same week. Morris Jupiter Associates, an affiliate of Prologis, sold the 140,490-square-foot shopping center…
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