Electra America, BH Group Buy South Florida Mall For $100.4M, Plan Mixed-Use Redevelopment
The mall was 80 percent leased at the time of sale to more than 100 tenants.
Berger Commercial Realty’s Steve Hyatt Negotiates $15 Million Sale Of Fort Lauderdale Development Site
The property is located in downtown Fort Lauderdale, just south of the New River. Zoning is high density RAC-CC which allows for office and multifamily development.
PEBB Enterprises/Banyan Development Acquire Boca Raton Office Portfolio
The portfolio consists of seven multi-tenant office buildings totaling 308,305 square feet.
Bridge Industrial Secures $154M Construction Loan For Phase II Of Bridge Point Commerce Center
Phase I of the highly successful logistics park totals 1.1 MSF and is fully leased; Phase II totals 1.6 MSF of Class-A industrial space and will be delivered in 3Q 2023.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Pembroke Pines Medical Office Complex Gets $22 Million In Refinancing
Paul Ahmed and Mackenzie Lampman with CBRE Capital Markets worked on behalf of the borrower, a private investor, to arrange a seven-year, fixed-rate loan from Bank United.
Downtown Fort Lauderdale Boutique Office Building Trades For $480 PSF
The 1972-built boutique office building is situated on .37 acres of land.
Barings & Arkadia Property Group Acquire Coral Springs Logistics Center
The logistics center totals approximately 124,000 square feet.
Avison Young Closes $18M Sale Of Miami Medical/Professional Office Building
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
PEBB Enterprises Completes Several New Office Leases In Boca Raton
1801 Building is now 97% occupied following the latest transactions; Infinity Sales Group moves into the company’s Park at Broken Sound building.