The Vizzda Weekly - South Florida - January 3rd, 2017

 

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  

 

 

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.                Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

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

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

 

 

 

 

 

 

The Vizzda Weekly - South Florida - December 19th, 2016

THE VIZZDA WEEKLY December 19th, 2016    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.          PLANNING & ZONING       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)   Vizzda Subscribers - Click Here to View Full Report   LAND     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)   Vizzda Subscribers - Click Here to View Full Report   OFFICE     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)   Vizzda Subscribers - Click Here to View Full Report     MULTIFAMILY     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)   Vizzda Subscribers - Click Here to View Full Report    INDUSTRIAL     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) Vizzda Subscribers - Click Here to View Full Report    RETAIL     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)   Vizzda Subscribers - Click Here to View Full Report

The Vizzda Weekly - South Florida - December 12th, 2016

 

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  

 

 

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)     Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

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

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

 

 

 

 

The Vizzda Weekly - South Florida - November 28th, 2016

THE VIZZDA WEEKLY November 28th, 2016   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.          PLANNING & ZONING       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)     Vizzda Subscribers - Click Here to View Full Report   LAND     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)   Vizzda Subscribers - Click Here to View Full Report   OFFICE     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)   Vizzda Subscribers - Click Here to View Full Report     MULTIFAMILY     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)   Vizzda Subscribers - Click Here to View Full Report    INDUSTRIAL     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) Vizzda Subscribers - Click Here to View Full Report   RETAIL     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)   Vizzda Subscribers - Click Here to View Full Report