Join us at the Convene in NYC, where we will be covering the entire national net lease, sales leaseback and 1031 exchange market across the property type. RealShare Net Lease attracts over 400 commercial real estate professionals across the sector at RealShare NET LEASE on April 1.
MIAMI-FirstBank Puerto Rico has found a buyer for a stalled development site situated in Miami-Dade County at an 81% discount. The bank, which has been holding the property for two years, sold it to Strawberry Fields of Kendall, managed by Karl Wiegandt and G. Lynn Chaffin, for $487,500.
The bank took the property, located at 12808-12889 S.W. 246th St., in 2010 after foreclosing on the property's $2.5-million mortgage. R&E at Palm Vista II, the previous owner, planned to construct 92 homes on the site. For the full story, go to South Florida Business Journal .
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