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MIAMI-The Miami-Dade County Aviation Department is looking for willing sellers in roughly a 20-acre industrial-warehouse section along the southwestern edge of Miami International Airport. The county will be paying top dollar for the dirt--about $50 per sf or an average $2.5 million per acre.
BOCA RATON, FL-Danburg Management Corp. of Fort Lauderdale paid the New York-based insurance conglomerate $64.37 per sf for the six-building, 85%-leased, 386,046-sf Boca Industrial Park, 70 miles north of Downtown Miami.
BOCA RATON, FL-Cary Fronstin and Nigel Horsfall are new vice presidents in charge of property management. Also getting more responsibilities are Niegel Horsfall, Linda Lake, Bunnie Willis and Meredith Gladysz.
MIAMI-The affiliate of San Francisco-based Shorenstein Co. refinances debt on the 55-story First Union Financial Center through Bayerische Landesbank Girozentrale.
SUNRISE, FL-Affiliates of the Virginia-based real estate investment trust are borrowing $472 million underwritten by Morgan Stanley and Goldman Sachs on the 2.1 million-sf Sawgrass Mills retail center in this southwest Broward County community, 26 miles north of Miami.
MIAMI-Cushman & Wakefield picks Philip H. Grossberg, former regional real estate manager for General Motors in Brazil, to be part of its newly formed Latin American International Services Group.
FORT LAUDERALE, FL-An estimated 150,000 sf of brick-and-mortar product is involved in the floral wire-service deal with Los Angeles-based Telefora, a competitor.
WEST PALM BEACH, FL-In a move to centralize operations, Palm Beach County officials are offering about $7.3 million, or $2.70 per sf, for 62 acres of land zoned for light industrial use in this city 67 miles north of Miami.