THE VIZZDA WEEKLY
January 3rd, 2017
Last week in South Florida, Vizzda tracked $318,952,746 in commercial real estate transactions
including 35 sales. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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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.
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LAND
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Vacant Land in Hialeah Purchased for $51M
On December 27th, Lennar Homes purchased 112.2 acres of vacant land in Hialeah from Dacar Management for $51,000,000.
(1 of 1 land sales last week)
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OFFICE
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Professional Center at Pembroke Sold for $21.36M
On December 23rd, Triarch Capital Group purchased four two-story buildings on 6.89 acres of land from Richard Gertz, Michael Listick, Joseph Cogen, Lee Cogen, Alan Cogen and Juditch Cogen for $21,360,000 with $13,975,000 in new funding with Accordia Life & Annuity Company.
(1 of 7 office sales last week)
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MULTIFAMILY
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Stay Inn Motel with IHOP Restaurant Sold for $7.12M
On December 21st, Waring Family Trust purchased a 3-story motel and full service restaurant on 3.21 zcres of land from Marx Realty and The Benenson Capital Company for $7,176,793 with new loans of $4,675,000 and $1,750,000 with City National Bank of Florida.
(1 of 1 multifamily sales last week)
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INDUSTRIAL
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Warehouse in Medley Purchased for $3.05M
On December 21st, Benigno Martin purchased one 2-story building built on 2.28 acres from Jose Del Cueto for $3,050,000 with $1,982,500 in new funding with Eastern National Bank. (1 of 12 industrial sales last week) Vizzda Subscribers - Click Here to View Full Report |
RETAIL
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Automotive Sale Lot in Pompano Beach Sold for $18M
On December 23rd, Sheehan Buick GMC purchased five 1 & 2 story buildings built on 7.21 acres of land from Christian Berian for $18,000,000 with $10,200,000 and $17,800,000 in new funding with SunTrust Bank.
(1 of 14 retail sales last week)
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