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Nov 14, 2016

The Vizzda Weekly - South Florida - November 14th, 2016

 
THE VIZZDA WEEKLY
November 14th, 2016
 
Last week in South Florida, Vizzda tracked $290,450,623 in commercial real estate transactions
including 67 sales and 11 new projects. Below are Vizzda's top reports of the week.
  
 
 
 
PLANNING & ZONING  
 
 
Spotlight
New Science Park Proposed for Development in Fort Lauderdale   
 
On November 8th, The Fort Lauderdale Development Review Committee introduced a Preliminary Development Review at a public meeting for a new science park addition to the Museum of Discovery and Science.     
 
(1 of 1 planning & zoning event last week)
 
LAND
 
 
Spotlight
Vacant Commercial Land in Miramar Purchased for $2.8M   
On November 1st, Paul Sallwasser purchased 2.25 acres of vacant commercial land in Miramar from US Century Bank for $2,800,000.       
 
(1 of 6 land sales last week)
 
 
OFFICE
 
 
Spotlight
Three-Story Office in Coral Gables Purchased for $2.3M
 
On November 4th, Alberto Cabrera purchased one 3-story office building totaling 15,227 square feet from Armando Rodriguez-Roig for $2,300,000 with $1,150,000 in seller-carried debt.          
 
(1 of 10 office sales last week)
 
MULTIFAMILY
 
 
Spotlight
Apartments in Miami Beach Purchased for $6.25M  
 
On November 4th, Coinco Investment Company purchased a 35-unit, two-story apartment complex from Fidel Yero for $6,250,000 with $3,625,000 in new debt with Ocean Bank.       
 
(1 of 6 multifamily sales last week)
 
 
INDUSTRIAL
 
 
Spotlight
Distribution Center in Miami Purchased for $17.5M 


On November 7th, Equitable Real Estate Partners purchased a distribution center with a secure truck court totaling 397,585 square feet from Terranova Corporation for $17,500,000 with $10,350,000 in new financing from BankUnited.

(1 of 31 industrial sales last week)

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RETAIL
 
 
Spotlight
Anchor in Boca Raton purchased for $6.65M   
 
On November 7th, IMC Equity Group purchased one single-story building totaling 42,602 square feet from Bobby Baker for $6,550,000.         
 
(1 of 14 retail sales last week)
 
 
 
 
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