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MARCO ISLAND, FL-Buyers reserve 143 of the 148 units in the proposed fifth tower development in Cape Marco, a 30-acre residential community in Collier County, about 126 miles west of Miami. Ground-breaking on the 24-story Belize project is set for September. The units are priced from $900,000 to $8.9 million
MIAMI-The Florida Association of Realtors has a similar contract with the Utah firm, enabling 65,000 agents to earn a fee each time they originate a mortgage.
MIAMI SHORES, FL-The locally based mortgage lender reaches an agreement with an offshore investor over a contested convertible debenture valued at about 1.14 million shares of America Senior's common stock. Miami Shores is seven miles north of Miami.
CORAL GABLES, FL-Forrest W. Robinson, a prominent commercial real estate professional for 25 years, joins one of Florida's largest high-profile developers in a surprise career move. Robinson resigned three weeks ago as Duke-Weeks' regional executive vice president of Florida operations. Coral Gables is part of metro Miami.
MIAMI-MP Telecom also received $900,000 cash as part of the deal, according to a shareholders' report. Thomas M. Mulroy, president/CEO of Telecom Routing Exchange Developers Inc., Terremark's former subsidiary, and Terremark investor Clifford J. Preminger agreed to sell back their 1.4 million shares of Terremark stock to the company.
MIAMI-An affiliate of Chicago-based Transwestern Investment Co. is building 14,000 sf of leaseable office space atop 16,000 sf of new retail in CocoWalk, a popular, 186,000-sf entertainment complex the company acquired last year in a mostly residential community just south of Downtown.
MIAMI BEACH, FL-An affiliate of Arden Group, owner of the Ritz Carlton Philadelphia, acquires the oceanfront Art Deco-style hotel for $18 million through bankruptcy proceedings in a thriving sellers' market.
FORT MYERS, FL-Former U.S. Sen. Connie Mack has joined the Washington, DC-based law firm Shaw Pittman Potts & Trowbridge as a senior policy adviser in the firm's government relations practice. The firm has a 35-lawyer real estate practices group. Fort Myers is 125 miles southwest of Downtown Miami.
MIAMI-The partnership expects to capitalize on Bulgari's reputation as a luxury provider of jewels and perfume to build a classy portfolio of seven, five-star hotels at a cost of about $380,000 per room. The joint venture is budgeting $800 million for initial development costs over the next five years.
LAUDERDALE LAKES, FL-Fort Lauderdale-based HyperNap.com Associates is buying 16.2 acres and an existing 177,000-sf building from J.C. Penney Properties Inc. to erect the two-phased Lauderdale Lakes Technology Center.
