Marcus & Millichap Brokers Sale Of Pembroke Pines Retail Property
Jonathan De La Rosa and Matthew Albregts, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, Westar at Palm Plaza, a limited liability company.
Jonathan De La Rosa and Matthew Albregts, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, Westar at Palm Plaza, a limited liability company.
The properties offer premium positioning across the street from FIU’s main campus.
Kristol and Kirk D. Olson, both senior vice presidents in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a Florida based private investor who originally purchased the center from the developer.
The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
Here are the most popular news headlines this past week on CRE-sources.
501 First Residences, located on NE First Avenue, will deliver 448 luxury condos to downtown Miami.
The New York-based luxury developer filed plans to redevelop the iconic Lincoln Road clocktower building, as well as to build a new boutique office building on the 12,000-square-foot lot located at 1665 and 1667 Washington Ave.
City of Lauderhill commissioners have taken the first step toward getting the project built by approving a special exception application which will allow for the development of residential units on the property.
The operator has occupied the property for 38 years and has 8+ years remaining on the lease with an annual 2% rent increase.
The intial offering will include 62 luxury condominiums with two- to four-bedroom units, starting at $3 million, and an exclusive mix of owner privileges.
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