Friday, January 06, 2006

South Florida News..

Miami-based Key International Inc. has obtained $130 million in mortgage financing for construction of The Ivy, a 504-unit condominium project at Southwest Third Street and South Miami Avenue in Miami. Chicago-based Corus Bank provided the financing. Manhasset, N.Y.-based Mida Commons LLC has purchased the Shoppes of Margate, a 53,000-square-foot shopping center at 300-366 S. State Road 7, from Spiegel & Spiegel PA for $7.2 million. The Fort Lauderdale office of Marcus & Millichap Real Estate Investment Brokerage Co. brokered the deal.
In a project marking its entrance into the Naples market, Boca Raton-based Woolbright Development Inc. has announced plans to build The Collection at Vanderbilt, a 253,000-square-foot shopping center. Construction is slated to begin in mid-January.Miami-based Continental Real Estate Cos. has been hired by 10800 Biscayne LLC to manage and lease Bayshore Executive Plaza, a 97,400-square-foot office building at 10800 Biscayne Blvd. in Miami. The owner plans to convert a portion of the building to condominiums.
Boca Raton-based Kaufman Lynn Inc. General Contractors has completed Contractors Business Park, a $16.8 million office/warehouse project at 2701 Vista Parkway in West Palm Beach. The 320,000-square-foot project is owned by CD74 Contractors Business Park Ltd. Davie-based Weitzer/Kislak Sawgrass LLLP has opened an onsite sales office for Tao, a 396-unit condominium project, at 2681 N. Flamingo Road in Sunrise.

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