Berger Singerman Steers $37.7M Auction Bid for Plantation’s Fashion Mall
Berger Singerman’s James Berger, Shahram Siddiqui, Barry Lapides, Paul Singerman, Brian Gart and Isaac Marcushamer represented Encore Housing Opportunity Fund in the bankruptcy acution purchase of the Fashion Mall.
Miami River Inn sells for $8.6 million
The Vagabond Group, a company led by developer Avra Jain, has purchased the historic Miami River Inn hotel. Aztec Group represented Jain’s company and announced the sale of the 58-unit property this week, which sold for $8.6 million — up 105 percent from its previous sale price of $4.2 million in July 2013, according to…
South Beach office building sold for $23M
Whole Foods Market location in downtown Miami sold to EDENS
The space occupied by the recently opened Whole Foods Market in downtown Miami was sold to national shopping center investor EDENS for $19.63 million. Miami-based P&G Development, managed by Luis A. Pulenta, sold the 41,000 square feet of retail space and 140 underground parking spaces at the Met 3 building, at 299 S.E. Third…
BBX inks $31M in deals for West Palm Beach development sites
BBX Capital Corp. said it recently signed contracts to sell two development sites in West Palm Beach for a combined $31 million to an undisclosed third party.
Bank sells foreclosed Sunrise site at discount
BAC Florida Bank sold a repossessed development site in Sunrise at a discount to its former mortgage. The Coral Gables-based bank seized the 6.5-acre site at 6500 W. Oakland Park Blvd. in 2013 after foreclosing on Oakland Park Boulevard LLC’s $2.62 million mortgage. It recently sold the commercial-zoned land for $2.5 million…
Historically Sleeping Around: Call her Kaiser, because developer Avra Jain…
Call her Kaiser, because developer and historic preservationist Avra Jain is on a roll. The developer of the FAB-U-LOUS Vagabond Motel has picked up another, even more historic hotel, the Miami River Inn for $8.6 million, from its former owner, fellow preservationist Sallye Jude. Right now, she is…
Development Update: Contentious Alton Road Whole Foods Gets Snazzy Makeover
Developer Crescent Heights has pulled out the third incarnation to date of the Whole Foods Market they are proposing for the corner of Alton Road and 19th Street. This time around architect Chad Oppenheim has been brought in to vamp it up, an the end result is much more attractive.
Building housing Seasons 52 in Boca Raton sells for $10.25 million
A Boca Raton property leased to a Seasons 52 restaurant was sold. The building at 2300 N.W. Executive Center Drive was listed for $10.62 million in October by Marcus & Millichap’s Miami office and sold for $10.25 million last week to Boca Seasons 2300, LP.
Latin American investors buy downtown Delray Beach condo project
Downtown Delray Beach has attracted the attention of foreign investors as a Colombian-led group purchased a condominium development site. Jim Knight, of Delray Beach-based Knight Group, represented seller SW Delray One, managed by Joseph E. White and Maya Saxena, in the $9.03 million deal for the 1.12-acre site…
Miami Cooler/Freezer Warehouse Video
ComReal has published this video to promote an industrial property, a cooler/freezer warehouse.
Prologis Buys KTR Capital Portfolio In $5.9 Billion Deal
The portfolio includes 60 million square feet in 322 properties located in South Florida, California, New Jersey, Florida, Chicago, Seattle and Dallas.
Are Fort Laurdale and Miami Condo Buyers Different?
Is there really a difference between Fort Lauderdale and Miami condo buyers? Dev Motwani, president of Merrimac Ventures, thinks so.
Fort Lauderdale Beach is Not What it Used to Be
GlobeSt.com caught up with Dev Motwani, president of Merrimac Ventures, to get his thoughts on how the North Beach Village district is balancing new development with its laid-back vibe in part one of this exclusive interview series in part one of this exclusive interview….
Vagabond Buys Historic Miami River Hotel
“Bringing in a group with a passion for redeveloping historic properties ensures its bright future.”
A Condo-Hotel Revival?
Last year, a Bloomberg article suggested that homebuyers avoiding chores is fueling a condo-hotel revival in the United States. Newgard Development Group and Merrimac Ventures are getting in on the revival.
South Florida Wildlands Association on FPL Turkey Point Nuclear hearings today
A bit ironic – President Obama will be visiting Everglades National Park (on Earth Day) to discuss climate change and Everglades Restoration on the same day that the Nuclear Regulatory Commission begins two days of public hearings on FPL’s plans to build two new nuclear reactors on the shores of Bis…
Curbed Maps: This is a Pathetic Map of Every (?) Bike Lane in Miami
To protest the fragmented and incomplete state of the bicycle lane networks in modern American cities, the Washington Post created a map of every bike lane in Washington D.C. and other American cities (starting with just a few, but then mapping many more). The city that came…