THE VIZZDA WEEKLY
October 10th, 2016
Last week in South Florida, Vizzda tracked $497,207,478 in commercial real estate deals
including 46 sales and 9 new projects. Below are Vizzda's top transactions for the week.
PLANNING & ZONING
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9-Story Apartment Complex Proposed for Development in Boca Raton
On October 6th, The City of Boca Raton introduced an Individual Development Approval application for a 384-unit, 9-story residential building totaling 997,935 square feet.
(1 of 9 planning & zoning events last week)
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LAND
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Commercial Land in West Palm Beach Purchased for $1.325M
On September 29th, Howard Katz purchased 2.43 acres of vacant commercial land from Apollo Global Management for $1,325,000.
(1 of 8 land sales last week)
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OFFICE
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Office Condos in West Palm Beach Purchased for $1M
On October 4th, Paul Krasker purchased two fifth story office condos totaling 11,400 square feet from Clark Smith for $1,000,000 with $2,000,000 in funding with CenterState Bank of Florida. Likely user-buyer.
(1 of 11 office sales last week)
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MULTIFAMILY
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144-Unit Apartments in Belle Glade Purchased for $4.789M
On September 29th, Housing Trust Group purchased eighteen 2-story buildings on 8.23 acres from Edna McClendon, Charlie Laws, et al. for $4,789,000 with $13,500,000 in funding with TD Bank.
(1 of 5 multifamily sales last week)
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INDUSTRIAL
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Manufacturing Facility in Pompano Beach Purchased for $1.41M
On October 5th, Zepsa Industries purchased an 18,841 square foot industrial flex manufacturing facility from Bashar Yatak for $1,410,000 funded by two new notes of $150,000 and $1,198,500 with Paragon Commercial Bank. (1 of 11 industrial sales last week) View Full Report |
RETAIL
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Shopping Center in Deerfield Beach Purchased for $13.95M
On October 4th, Janoura Realty & Management Inc. purchased a 73,629 square foot neighborhood shopping center from Eugene DiVito for $13,950,000 with $12,950,000 in new funding with Florida Community Bank.
(1 of 11 retail sales last week)
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