A distressed office building in Lake Worth, FL has successfully been auctioned on the Ten-X online auction platform as the sale reflects the low inventory yet high demand for distressed and medical office assets. JFK Medical Building, located at 4801 South Congress Ave. in Lake Worth, closed for $5.55 million.
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MG3 Developer Acquires Doral Concourse From DRA Advisors For $96 Million
The Aventura-based MG3 Developer has acquired Doral Concourse from DRA Advisors for $96 million. The price equates to roughly $399 PSF and the asset was 95% leased at the time of sale. Tenants include General Mills, Greenberg Traurig, Starboard Cruise Services and Onboard Media.
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Mixed-Use Development '29N' Revealed In Wynwood At Former Site Of Rubell Family Collection
A development partnership between L&L Holding Company, CARPE Real Estate Partners, and Fortis Design + Build have revealed 29N, a mixed-use project which feature rental apartments, office space, ground floor retail and micro retail.
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Tour A Record Breaking West Palm Beach Waterfront Estate Which Just Sold For $15.057 Million
Steve Bendat of Aquantis Group Development has once again broken the record for most expensive single family home sale in West Palm Beach after his project at 6717 S Flagler Dr closed for $15.057 million, just over two years after he first broke the record with his project at 2914 Washington Road which sold in May 2019 for $11.5 million.
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Finvarb Group Adds To Deerfield Beach Assemblage With Acquisition Of Mixed-Use Property For $9.3 Million
Ronny Finvarb’s Finvarb Group has added to their Deerfield Beach assemblage with the acquisition of a mixed-use property at 233-245 N. Ocean Dr. in Deerfield Beach for $9.3 million. The 60,310 SF property was developed in 1988 and features a mix of office and retail tenants including Remax and 4D Gelateria.
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Related Group Sells Former Headquarters in Downtown Miami For $24.08 Million
Related Group has sold their former headquarters in One Miami after moving to their new headquarters which they recently completed in Coconut Grove. Located at 315 S. Biscayne Blvd. the 34,341 SF office and restaurant building sold for $24.08 million to the Mexico-based Zentrix Industries Limited.
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The Gateway at Wynwood Signs First Office Lease With Oncology Biopharmaceutical Company Veru Inc.
The Gateway at Wynwood has signed its first office lease as the office building is nearing completion. The developer of The Gateway at Wynwood, R&B Realty Group just signed an eight-year lease with Veru Inc. Veru is an oncology biopharmaceutical company which develops medicines for the management of prostate and breast cancers.
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AMLI Residential Breaks Ground On The Arquitectonica-Designed Multifamily Development AMLI Wynwood
AMLI Residential has broken ground on AMLI Wynwood, a mixed-use multifamily development which is one of the largest projects to break ground in the trendy neighborhood as new zoning has attracted multifamily developers.
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McGuire Development Company Acquires The Atrium West Office Building In Sunrise For $12.1 Million
The Buffalo, NY-based McGuire Development Company has acquired the Atrium West office building in Sunrise, FL. Atrium West is a 99,870 SF office building situated on 8.78 acres at 7771 W. Oakland Park Blvd. in Sunrise, Florida.
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Master Brokers Forum Listing: Check Out A Ponce-Davis Florida Style Gem Asking $7.8 Million In Coral Gables
Master Broker’s Forum: Master Brokers Forum board member Tere Shelton Bernace presents this modern gem, nestled in the middle of Miami’s Ponce-Davis neighborhood. Fully gutted and updated in 2015, this inviting “Florida style” home sits on an almost one-acre gated lot with privacy hedge and smart home automation.
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