Last week in South Florida, Vizzda tracked $377,506,870 in commercial real estate transactions
including 50 sales and 4 new projects. Below are Vizzda's top reports of the week.
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New Mixed-Use Apartment Complex Proposed for Development in Miami
On December 21st, The Miami Planning Commission introduced a Rezoning Application for the development of a 192-unit mixed-use apartment complex totaling 295,814 square feet.
(1 of 7 planning & zoning events last week)
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Residential Land in Miami Purchased for $6.9M
On December 19th, Lennar Homes purchased 24.11 acres of residential land in Miami from The School Board of Miami Dade County for $6,900,000 or $286,000 per acre.
(1 of 6 land sales last week)
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Former Bank Branch in Doral Purchased for $3.85M
On December 20th, Midtown Capital Partners purchased one single-story building totaling 5,491 square feet from United Trust Fund for $3,850,000 with $1,900,000 in funding with Mercantil Commerce Bank.
(1 of 13 office sales last week)
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494-Unit Mixed-Use Apartment Complex in Boynton Beach Purchased for $109.35M
On December 16th, Pollack Shores Real Estate Group Purchased four 1-5 story buildings covering 14.77 acres from PGIM Real Estate & Epoch Companies for $109,350,000 with $70,400,000 in funding with Prudential Life Insurance Company.
(1 of 6 multifamily sales last week)
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Warehouse in Hollywood Purchased for $13.7M
On December 16th, Charles Dimston & Jerome Berko purchased one single-story building totaling 88,622 square feet from Hanseatic Land Trust for $13,700,000 with $8,300,000 in funding through Principal Financial.
(1 of 12 industrial sales last week)
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Neighborhood Shopping Center in Lake Worth Purchased for $31M
On December 19th, IMC Equity Group purchased three single-story buildings totaling 106,633 square feet from Principal Financial Group for $31,000,000 with $21,950,000 in funding through BB&T. The property is part of a neighborhood shopping center with "Wal-Mart Neighborhood Market" anchor.
(1 of 12 retail sales last week)
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