FORT LAUDERDALE, FL—In what ARA Newmark is calling a new record for land pricing per unit on non-oceanfront land in South Florida, a .63-acre development site in Fort Lauderdale, FL just traded hands. The sale price: $10 million, or just over 454,000 per unit.

ARA Newmark’s South Florida Land Division senior managing director Troy Ballard served as lead advisor for the seller Jeremy Bedzow and Grand Birch. ARA executive managing director Avery Klann and vice chairman Marc deBaptiste supported Bedzow in the deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.