South Florida Business Journal An affiliate of FCP has bought the Avana Cypress Creek Apartments, a 220-unit property in North Lauderdale, Fla., for $53.14 million, or about $241,545/unit. The Chevy Chase, Md., company purchased the complex from an affiliate of ...
South Florida Business Journal An affiliate of American Landmark Apartments has bought the 224-unit Glen at Cypress Creek apartment property in North Lauderdale, Fla., for $60.5 million, or about $270,089/unit. An ownership group consisting of David N. Koury, Amin J. ...
South Florida Business Journal Affiliate of Arena Capital has sold the 130,558-square-foot Arena Shoppes retail property in North Lauderdale, Fla., for $31 million, or about $237.44/sf. The Coral Gables, Fla., company sold the property to a company managed by Alberto ...
South Florida Business Journal Zeniz Properties has bought the Promenade Shoppes in North Lauderdale, Fla., for $13.58 million, or about $342.50/sf. The Miami company bought the 39,650-square-foot retail property, which sits on 4.46 acres at 7910 West McNab Road, from ...
KeyBank provided the buyer with $29.9 million of acquisition financing.
Phoenix Realty assumed a $50.25 million Fannie Mae loan against the property, which was built in 1986. The loan has a 4.33 percent interest rate and matures in October 2027.
The buyer used a $48.6 million of financing from Arbor Realty to fund the purchase.
The buyer assumed a $23.49 million loan from PNC Bank as part of the deal.
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