After tearing down its long-time church and selling the land to a mall, the Church by the Sea has purchased land for a new sanctuary, plus some commercial uses. Ocean Cadillac sold its car dealership on the 1.4-acre site at 1000 Kane Concourse in Bay Harbor Islands for $20 million to CBS Realty Holding, part…
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1443 West Avenue in Miami Beach A boutique apartment building in South Beach has a new owner and a new purpose: the 10-unit Art Deco building was sold to a Spanish investment group that will convert the property to short-term rentals. Brokers Deme Mekras and Elliot Shainberg West Avenue Deco Apartments LLC sold the building at…
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The Miami-Dade County Commission on June 7 will consider a plan that would aggressively promote the development of workforce housing by mandating that larger developments make up a certain percentage of units affordable for working households. The Mandatory Workforce Housing Program was sponsored by Commissioner Barbara Jordan. It would address the shortage of affordable housing…
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Adam Neumann at WeWork’s 175 Varick Street location WeWork plans to cut 7 percent of its staff after placing a pause on hiring. But WeWork claims that the planned cuts are part of a realignment, and that the hiring stop might be lifted as soon as next week. “WeWork’s growth and expansion continues to accelerate…
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Aerial view of the Killian Greens Golf Club A Venezuelan buyer has purchased the 113-acre Killian Greens Golf Club, marking one of the largest land sales in the county so far this year. Listing agents Allan Kleer and Fabian Garcia-Diaz The 18-hole golf course, at 9980 Southwest 104th Street, was on the market for a combined…
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The 2121 Ponce office building in Coral Gables was sold for $57.5 million to an affiliate of Zurich North America. Greenstreet Partners and the principals of CREC sold the 164,848-square-foot office building at 2121 Ponce de Leon Blvd. The deal was brokered by CREC’s Warren Weiser, Harry Blyden and Andrew Remick, CBRE’s Christian Lee, Jose…
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BBX Capital Real Estate has revealed its plans for the final phases of the PGA Professional & Design Center in Palm Beach Gardens, with an emphasis on public transit and walkability. The company, a subsidiary of Fort Lauderdale-based BBX Capital Corp. (NYSE: BBX), previously acquired a large portion of the business park at the southeast…
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A developer paid $1.65 million for a Homestead property where it plans to build an InTown Suites. Steve Arbuckle of Maddux & Co. represented sellers LBOTA LLC and Williams Agricultural Enterprises. CBRE’s Chris Wood represented the buyer, ITS Homestead, an affiliate of Connor & Gaskins Unlimited, a Naples-based company headed by veteran hotel developers Barry…
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GL Homes has a pending deal to acquire the golf course at the Fountains Country Club near Lake Worth and build homes there, according to the Palm Beach Post. The county club’s board of directors agreed to sell the property to the Sunrise-based builder for $17 million. GL Homes plans to construct 470 homes there,…
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