November 19, 2004 The Miami HeraldThe South Florida condominium market is so hot that a nonprofit hospital is selling a piece of its property for the first time in its 54-year history. Mercy Hospital, which sits on a 42.5-acre waterfront ...
November 19, 2004 Coral Club, a 293-unit, luxury garden apartment community in Coral Springs, Fla., has traded hands for $28 million, or $95,563/unit.BF Group LLC of Miami bought the property from Coral Club Apartments Ltd., which was represented in the ...
November 19, 2004J.P. Morgan Investment Management has paid $42.9 million for the Reserve at Naples, a 300-unit apartment property in Naples, Fla.The property was purchased from Equity Resources LLC, which was advised on the sale by Apartment Realty Advisors of ...
November 18, 2004 City Centre, a 93,565-square-foot office/retail center in Palm Beach Gardens, Fla., has been sold for $19.5 million.PG Partners, a venture led by Brock Development of West Palm Beach, Fla., sold the property to a Birmingham, Ala., partnership. ...
November 18, 2004 Global Signal Inc. has priced a $293.8 million CMBS deal, allowing it to repay a credit facility and fund proposed purchases of wireless communications towers.The transaction, Global Signal Trust II, 2004-2, marks the second time this year ...
November 17, 2004Commercial Real Estate Direct Staff ReportInland Western Retail Real Estate Trust Inc. has agreed to buy two retail properties in California and Florida in separate deals totaling $45.3 million.The Oak Brook, Ill., real estate investment firm will pay ...
November 16, 2004 Turnberry-Schiff Properties, a joint venture with Turnberry Associates and Schiff Companies, has completed the disposition of a six-mall portfolio in South Florida for about $119.5 million.The open-air properties total 835,000 square feet and are located in Miami-Dade ...
November 15, 2004 The Orlando Sentinel (Third item)Images LLC has paid $17.75 million for Images Apartments, a 256-unit complex on Osceola Parkway west of State Road 535 in Orlando, Fla. Del American Ltd. was the seller and was represented by ...
November 15, 2004 The Orlando Sentinel (Second item)Madison Development Group LLC has bought Cypress Fairway, a 384-unit apartment community on Vineland Road near Universal Studios in Orlando, Fla. The firm bought the property for $38.4 million from Parkland Development Corp., ...
November 15, 2004 Tampa Bay Business JournalMercury Insurance Group needs more space for the planned expansion of its eastern regional headquarters within The Tides at Feather Sound office building in Clearwater, Fla. But rather than looking for larger space to ...
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