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Oct 24, 2016

The Vizzda Weekly - South Florida - October 24th, 2016

THE VIZZDA WEEKLY
October 24th, 2016
Last week in South Florida, Vizzda tracked $104,923,573 in commercial real estate
including 46 sales and 5 new projects. Below are Vizzda's top transactions for the week.
  
PLANNING & ZONING  
Spotlight
Super Regional Mall Proposed for Development in Fort Lauderdale 
On October 19th, The Fort Lauderdale Planning & Zoning Board introduced a Plat Review at a public meeting for the Galleria Mall to include the addition of a 1,250-unit multifamily community.  
(1 of 5 planning & zoning events last week)
LAND
Spotlight
Commercial Land in Lake Worth Purchased for $2.4M  
On October 18th, National Association of Chevra Kadisha purchased 14.78 acres of commercial land from Richard Johnson and Aneice Lassiter for $2,400,000.     
(1 of 7 land sales last week)
OFFICE
Spotlight
Multi-Tenant Office in Pinecrest Purchased for $1.8M
On October 17th, Alejandro Rodriguez purchased one 2-story office totaling 8,028 square feet from Fausto Callava for $1,800,000.         
(1 of 12 office sales last week)
MULTIFAMILY
Spotlight
37-Unit Apartment Complex in Lake Worth Purchased for $6M  
 On October 18th, Main Street Residential purchased a 37-unit apartment complex totaling 19,952 square feet from JKM Developers for $6,000,000 or $162,162 per unit.  
(1 of 6 multifamily sales last week)
INDUSTRIAL
Spotlight
Warehouse in Riviera Beach Purchased for $2.9M 

On October 17th, Paul Maddock purchased a 34,872 square foot warehouse from John Kuckku for $2,900,000 with $1,580,000 in funding with Sabadell United Bank.

(1 of 16 industrial sales last week)

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RETAIL
Spotlight
Freestanding Retail in Miami Purchased for $4.8M 
On October 19th, The AIDS Healthcare Foundation purchased a 5,200 square foot retail building from Shirley Stone and Bonnie Bennett for $4,800,000.      
(1 of 13 retail sales last week)
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