THE VIZZDA WEEKLY
December 12th, 2016
Last week in South Florida, Vizzda tracked $832,525,453 in commercial real estate transactions
including 42 sales and 5 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Parking Garage Proposed for Development in Hollywood
On December 5th, The City of Hollywood Technical Advisory Committee introduced a Final Site Plan for a 304-space parking garage, with an estimated value of $12,900,000.
(1 of 5 planning & zoning events last week)
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LAND
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Vacant Commercial Land in Pembroke Pines Purchased for $1.425M
On December 5th, Cross Development purchased 2.68 acres of vacant commercial land in Pembroke Pines from Gabriel Volante for $1,425,000 with $4,411,933 in new construction financing through Paramount Specialty Finance, assigned to Reliance Standard. The property is proposed for the development of an automotive collision repair center.
(1 of 3 land sales last week)
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OFFICE
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55-Story Office Tower in Miami Purchased for $516.6M
On December 5th, Amancio Ortega purchased a 55-story office tower in Miami totaling 1,199,990 square feet from JP Morgan Chase Bank for $516,600,000.
(1 of 8 office sales last week)
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MULTIFAMILY
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Low-Income Housing Apartments Purchased for $35.04M
On December 5th, Delray Beach Housing Authority purchased the 404-unit apartment complex totaling 14.13 acres from Related Management & Metroplex Incorporated for $35,044,948 with a $35,827,000 loan from the Housing Finance Authority of Palm Beach County.
(1 of 5 multifamily sales last week)
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INDUSTRIAL
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Multi-Tenant Warehouse in Miami Purchased for $2.48M
On December 7th, Koniver Stern Group purchased one multi-tenant warehouse totaling 7,121 square feet from Max and Robert Spiegelman for $2,480,000. (1 of 11 industrial sales last week) Vizzda Subscribers - Click Here to View Full Report |
RETAIL
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Automotive Sale Lot in Fort Lauderdale Purchased for $29.5M
On December 7th, Grieco Automotive Group purchased an automotive sale lot totaling 8.81 acres from Autonation for $29,500,000 with $21,675,000 in funding with Bank of America.
(1 of 15 retail sales last week)
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