South Florida Business Journal Bar Invest Group has bought the Landings at Pembroke Pines, a 358-unit apartment property in Pembroke Pines, Fla., for $79.5 million, or about $222,067/unit. An affiliate of Starwood Capital Group sold the complex, which sits on ...
The property is part of the South Florida Distribution Center.
Silver Lakes Professional Campus U.S. Century Bank provided $6.05 million of acquisition financing.
Galium Capital has bought the 77,621-square-foot Palm Square retail center in Pembroke Pines, Fla., for $20.48 million, or about $263.85/sf. The property is 96 percent occupied.
MetLife provided $36.1 million of financing to the buyer.
Citi Real Estate Funding provided an $11.8 million mortgage to the buyer.
92.7 percent occupied. The buyer used $23.43 million of acquisition financing from SunTrust Bank.