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Sep 26, 2016

The Vizzda Weekly - South Florida - September 26th, 2016

THE VIZZDA WEEKLY
September 26th, 2016
Last week in South Florida, Vizzda tracked $237,573,867 in commercial transactions,
including 58 sales and 7 new projects. Below are reports for five of those events.
LAND
Spotlight
Industrial Land in Sweetwater Purchased for $2.842M  
On September 20th, Robert Lechter purchased 2.16 acres of industrial land from The City of Sweetwater for $2,842,000.   
(1 of 7 land sales last week)
OFFICE
Spotlight
Multi-Tenant Office in Miami Purchased for $2.15M
On September 20th, Martin & Rafael Perez purchased a 10,907 multi-tenant office from Steven Schiff for $2,150,000 with $1,720,000 in funding with City National Bank of Florida.       
(1 of 10 office sales last week)
MULTIFAMILY
Spotlight
Apartments in Bay Harbor Islands Purchased for $9.2M  
On September 12th, Boardwalk Properties purchased 42 multi-family units from Valentina Georgescu for $9,285,008.       
(1 of 16 multifamily sales last week)
INDUSTRIAL
Spotlight
Industrial Buildings in West Palm Beach Purchased for $2.385M


On September 20th, Marcelo Cantergiani purchased three single-story industrial buildings from Ann Salmon for $2,385,000 with $1,735,000 in seller-carried debt maturing September 14th, 2026.

(1 of 13 industrial sales last week)

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RETAIL
Spotlight
Club Monaco in Miami Beach Purchased for $24M
On September 21st, James Rosenzweig purchased a 8,445 square foot retail store in Miami Beach from TIC Group for $24,000,720 with $10,000,000 in new funding with New York Community Bank. Club Monaco to remain site tenant per lease agreement.   
(1 of 12 retail sales last week)
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