Through the fund, Highline will pursue value-add and distressed office, retail, multifamily and industrial acquisition opportunities in the form of direct investments, joint ventures and rescue capital provided to existing property owners.
The transaction gives WCI an enterprise value of $809 million, Lennar said. CLICK ON THE HEADLINE FOR MORE
The Miami homebuilder plans 463 homes on the parcel. CLICK ON THE HEADLINE FOR MORE
CREC’s Mekras represented Perry Ventures on its acquisition of the property in late 2013 for just under $1 million. CLICK ON THE HEADLINE FOR MORE
Lennar’s interest in the 16-acre site “…just shows the scarcity of land and how valuable even small parcels are in Broward County.” CLICK ON THE HEADLINE FOR MORE
Lennar surmised it is unlikely it will ever see any money. CLICK ON THE HEADLINE FOR MORE
The sale is the second recent transaction involving a South Florida agricultural site ripe for large-scale residential development. CLICK ON THE HEADLINE FOR MORE
The renewal/expansion is one of the largest office deals this year. CLICK ON THE HEADLINE FOR MORE
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