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MIAMI-BankAtlantic adds a $350,000-lease buyout to its $2-million acquisition of a former Miami Subs location. A 6,600-sf strip in Coral Springs trades for $164.39 per sf, while a plaza in Fort Myers commands $70.46 per sf.
TAMPA, FL-The 100%-leased property is occupied by Montreal-based CAE Inc., which calls itself the world's leader in manufacturing civil aviation simulation equipment. The seller was locally based Krauss/Schwartz Properties Ltd.
GAINESVILLE, FL-The Paradigm Group pays Landmark Residential $78,571 per unit for the 560-unit Heritage at Gainesville totaling 488,624 sf. The sale price represents a 5.83% capitalization rate.
GAINESVILLE, FL-The Paradigm Group pays Landmark Residential $78,571 per unit for the 560-unit Heritage at Gainesville totaling 488,624 sf. The sale price represents a 5.83% capitalization rate.
ATLANTA-Some 1.9 million sf of assets--office and industrial throughout the Southeast--are now officially in the hands of Capital Partners. The deal is part of a larger strategy on the part of the seller to shed "between $450 million and $550 million of non-core assets" before '07.
ATLANTA-Some 1.9 million sf of assets--office and industrial throughout the Southeast--are now officially in the hands of Capital Partners. The deal is part of a larger strategy on the part of the seller to shed "between $450 million and $550 million of non-core assets" before '07.
NORTHRIDGE, CA-The Gardena-based development firm kicks off construction on its Northridge Business Centre, an industrial condominium development on Nordhoff Street between Winnetka and Tampa avenues.
ORLANDO-Hollywood Towne House LLC sells the 418-unit Cedar Cove community to 2665 LLC for $40 million or $95,694 per unit. In Tampa, Arbour Ponds Apartments LLC pays Florida Sundance LP $25.5 million for the 338-unit Arbour Ponds Apartments.
ORLANDO-Hollywood Towne House LLC sells the 418-unit Cedar Cove community to 2665 LLC for $40 million or $95,694 per unit. In Tampa, Arbour Ponds Apartments LLC pays Florida Sundance LP $25.5 million for the 338-unit Arbour Ponds Apartments.
PEMBROKE PINES, FL-Shoma pays Northwestern Investment $220,000 a unit for the 31-building complex that was built in 1997 and is 100% leased. Direct-access garages for all units helped ratchet up the price, despite its age, according to a broker involved in the deal.