Last week in South Florida, Vizzda tracked $380,504,699 in commercial real estate transactions
including 46 sales and 2 new projects. Below are Vizzda's top reports of the week.
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New Religious Facility Proposed for Development in Hollywood
On November 21st, The City of Hollywood Technical Advisory Committee introduced a site plan for the development of a single-story religious facility totaling 4,527 square feet.
(1 of 2 planning & zoning event last week)
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Vacant Land in Miami Purchased for $7.79M
On November 16th, DR Horton purchased 15.42 acres of vacant residential land from Wayne Rosen for $7,790,000.
(1 of 3 land sales last week)
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Medical Office in Boynton Beach Purchased for $3.9M
On November 18th, Steven Shullman purchased two 2-story medical office buildings totaling 60,500 square feet from Interface Properties for $3,900,000 with $4,000,000 in funding with Comerica Bank.
(1 of 10 office sales last week)
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Large Apartment Complex in Miami Purchased for $82M
On November 22nd, SMB Bradley purchased thirteen residential buildings with 321 apartment units on 24.6 acres from Altman Development Corporation for $82,000,000 with assumption of an existing Fannie Mae loan of $34,768,000 which was modified to $55,300,000 concurrently with sale, maturing December 1st, 2031.
(1 of 10 multifamily sales last week)
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Industrial Park in Royal Palm Beach Purchased for $12M
On November 17th, Peter Alevizos purchased seven single-story buildings on 8.04 acres from McCraney Property Company for $12,000,000 with $8,000,000 in funding through The State Life Insurance Company, maturing December 1st, 2036.
(1 of 14 industrial sales last week)
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Mixed-Use Retail in Fort Lauderdale Purchased for $8.2M
On November 22nd, Hudson Capital Group purchased four 1 & 2 story buildings totaling 7,785 square feet from James Ulmer for $8,295,910 with $11,600,000 in funding through Bank of America.
(1 of 9 retail sales last week)
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