The ModComp Facility, located at Fort Lauderdale has been sold for $1.9 million. It is a 76,000 sq. ft. (3.76-acre) industrial building averages about $25.30 per sq. ft. The level and structure of the building had been very unstable so the buyer would need to make a lot of renovations and other upgrades.
American Realty Capital Properties has offered $5.7 billion for a Phoenix-based Cole Credit Property Trust III. This bid places a value on the REIT’s share price of at least $12. If thistransaction is successful, Cole’s value could surge in value to more than $9 billion. American Realty’s CEO, Nicholas Schorsch,further added that his bid is […]
97% of financing is now accessible for some Downtown Miami condominiums and marks that the recession is finally falling behind. Just for example, the developers of a 33-story condominium project, 4 Miami Midtown located at 3301 NE 1st Avenue in Miami, also has this program. Unit starts as low as $267,000 at the high rise […]
After the downfall of the housing market last 2008, the Wellington Reserve Office Park was detained by a commercial mortgage-backed securities trust for not being able to pay its $28.8 million mortgage. Just recently, a firm that obtained almost $100 million of tormented Florida properties in 2012 also purchased the park at a discount of […]
Bubba Watson, who is also a Golf Champion, bought Tiger Wood’s Windermere homes last summer. He is also going to renovate the mansion and almost 95% of its present structure will be changed. Tiger bought the home for $2.475 million in 2000. Unfortunately, the exact sale price was not revealed in Watson’s place this time.
A new 133-room hotel will be co-owned by Sam Nazrian (a Los Angeles nightclub entrepreneur) and Jorge Perez (developers of the Related Group). It is going to cost $300 million SLS Brickell-brand condo-hotel to rise in Miami. Location will be at 1300 South Miami Avenue and is anticipated to open at 2015. Cost per square […]
A $5.7 million shopping center is to be built in Doral by Echion USA and Gadinsky Real Estate. The 11,000 square foot establishment is planned to open it by 2014. Location would be at the northwestern corner of Doral Boulevard and NW 114 Avenue. Starbucks and Mercantil Commerce bank already signed for 1,750 and 4,000 […]