Friday, December 19, 2014
Last Updated: December 3, 2012 09:32am ET

FirstBank Finds Buyer for Stalled Development Site

Is networking important to you? Join RealShare Conferences to hear from prominent speakers and meet the commercial real estate elite. Check out the schedule of events!

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 .


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: Southeast

Back to the Top
2014 ALM Media Properties, LLC.
All rights reserved.
Home | About Us | Privacy Policy | Terms of Service