A 38-building apartment complex on Jacksonville’s Southside has been sold for $24.6 million to a South Florida commercial real estate company, according to the brokers representing the seller. The property, Reserve at Beach Boulevard Apartments, is located at 11990 Beach Blvd. Brian Moulder and Dhaval Patel, both executive vice presidents at CBRE Inc., represented LLJ…
Details
United Parcel Service paid $31.1 million for an industrial development site in west Miami-Dade County with approvals in place to build a new facility. AMB Codina Beacon Lakes, an affiliate of Prologis (NYSE: PLD) sold part of a 43.4-acre site on the south side of Northwest 17th Street and just west of Northwest 137th Avenue…
Details
The Riverbend Building B office complex in Fort Lauderdale was sold for $10.12 million four years after it was seized in foreclosure. TNHYIF REIV LIMA, an affiliate of White Plains, New York-based True North Management Group, sold the 69,986-square-foot office at 2307 W. Broward Blvd. to a joint venture between AW Riverbend and RMC Riverbend.…
Details
Four former executives from major construction firms OHL-Arellano Construction Co., Odebrecht USA and Facchina Construction have launched a new company in Miami. NV2A Group already has 10 employees and will focus on civil infrastructure and commercial building. Its team has collectedly worked on more than 400 public projects valued at nearly $7 billion, plus about…
Details
The Related Group sold its recently-completed SofA Delray apartment complex in the high-demand downtown Delray Beach market for $62.4 million. The price of $362,791 per unit shows that investors are willing to pay a premium for apartments in the city’s downtown, where a vibrant restaurant and shopping scene has emerged. RD Delray, an affiliate of…
Details
West Palm Beach officials have launched a design and research competition with cash incentives to foster the redevelopment of the city’s waterfront. The competition comes as the city is in the midst of an urban development wave. A recent Business Journal feature story found 25 major projects proposed or under construction in downtown West Palm…
Details
A CVS pharmacy-leased building in Miami’s famous Little Havana neighborhood sold for $13.1 million. Mother Queen, managed by Perla Aydee Puente Resendez in Coral Gables, sold the 22,335-square-foot retail building at 1177 S.W. 8th Street to 976 Miami RE, managed by L. John Wilkerson in New Vernon, New Jersey. Pompano Beach-based Stonegate Bank provided a…
Details
Architecture studio MKDA unveiled its design for a retail building in the Miami Design District, where rents have soared as luxury shops have clustered in the neighborhood. Renovations recently started on the 6,000-square-foot building at 80 N.E. 40th Street. MKDA, which is based in Miami’s Wynwood, crafted the new look for the building, which was…
Details
A Boca Raton company ranked first on the South Florida Business Journal’s list of title companies. The company earned the top spot based on its $64 million in 2015 South Florida title premiums. To see who topped the list, click through the photo gallery included with this post. The complete title companies list includes stats…
Details