Last week in South Florida, Vizzda tracked $122,794,076 in commercial real estate transactions
including 24 sales and 7 new projects. Below are Vizzda's top reports of the week.
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New Hotel Proposed for Development in West Palm Beach
On December 14th, The City of West Palm Beach Plans & Plats Review Committee introduced plans for the development of 108-room hotel in one 8-story building on 1.48 acres of commercial land.
(1 of 7 planning & zoning events last week)
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Industrial Land in Miami Purchased for $24.4M
On December 13th, JP Morgan Chase Bank purchased 8.87 acres of industrial land in Miami from Florida East Coast Industries for $24,425,550.
(1 of 3 land sales last week)
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Office Condominium in Deerfield Beach Purchased for $2.25M
On December 12th, Breno & Adriana Gomes purchased the first floor of an 8-story office condominium totaling 14,473 square feet from Banif Financial Group for $2,250,000.
(1 of 9 office sales last week)
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24-Unit Apartment Complex in North Miami Purchased for $1.675M
On December 13th, Global Horizons Group purchased a 24-unit apartment complex in North Miami totaling 8,635 square feet from Gilles Rezlan for $1,675,000 with $1,100,000 in funding with BAC Florida Bank.
(1 of 1 multifamily sales last week)
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Flex Warehouse in Riviera Beach Purchased for $1.91M
On December 14th, Jordann Weingartner purchased a flex warehouse in Riviera Beach totaling 20,535 square feet from Kristof Toth for $1,910,000 with $1,337,000 in new funding with Sabadell United Bank.
(1 of 4 industrial sales last week)
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Mixed-Use Restaurant in Miami Purchased for $7.5M
On December 9th, Wynwood Fund purchased a mixed-use restaurant and retail space totaling 12,280 square feet from Rene Dahdah for $7,500,000 with $4,950,000 in new funding with First National Bank of South Miami.
(1 of 7 retail sales last week)
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