Month: December 2017

Industrial complex next to Sarasota airport fetches $56 per square foot

Airport Commerce Center near Sarasota-Bradenton International Airport Two investors paid $10.4 million for a complex of eight industrial buildings next to Sarasota-Bradenton International Airport. Investors Lee Rosner and Jim Tsunis paid about $56 per square foot for the Airport Commerce Center, located just north of the airport. Rosner and Tsunis own approximately one million square …

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Tampa student housing complex commands $26M

The Social at South Florida A 180-unit apartment complex in Tampa that caters to students at the University of South Florida sold for $26 million. Vesper Holdings paid about $145,000 per unit for the complex, called The Social at South Florida, and plans to spend $1 million on property upgrades. The apartment complex was built …

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Office buildings in downtown Naples sell for $13.9M

Petit Square at 294 14th Avenue South in Naples A major investor in commercial properties in Naples bought two office buildings in the downtown area for $13.9 million. Hoffman Commercial Real Estate paid $7.3 million for Petit Square, an 8,616-square-foot office building at 294 14th Avenue South. Hoffman paid $6.63 million for another office building …

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Restaurateur sells Belle Meade home for $4.3M

  7321 Belle Meade Island Drive in Miami Restaurateur Steven J. Perricone, owner of Perricone’s Marketplace & Cafe in Miami’s Brickell area, and his wife Marjorie Perricone sold their house on Miami’s Belle Meade Island for $4.3 million. The couple sold the house for $700,000 less than their original $5 million asking price and provided …

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Wellington rejects new uses for two golf courses

Glennn Straub (Source: Casino.org) Finding new uses for his money-losing golf courses apparently won’t be easy for Wellington-based developer Glenn Straub. The Wellington Village Council unanimously rejected Straub’s proposals to allow all sports, without a special permit, at his Wellington golf courses, Palm Beach Polo and Country Club and Polo West. Straub, who says the …

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Publix pays $24.45M for Coral Springs retail center it anchors

Lakeview Center at 1300 and 1478 Coral Ridge Drive in Coral Springs (Credit: South Florida Business Journal) Publix Super Markets paid $24.45 million for a shopping center in Coral Springs where the supermarket operator is the anchor tenant. Publix paid $305 per square foot for Lakeview Center, an 83,288-square-foot shopping center at 1300 and 1478 …

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Hawaii real estate in pictures — the top slideshows of 2017

During 2017, Pacific Business News took readers on many real estate tours — from new condominiums in Honolulu to a celebrity home on Maui to the winner of an HGTV contest on the Big Island. Here are PBN’s 10 most-viewed real estate slideshows of 2017: 1. Stanford Carr’s Keauhou Place opens Stanford Carr Development’s 423-unit …

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Silicon Valley sees big jumps and big scores for 2017 lists

In three years as the Silicon Valley Business Journal’s lead tesearcher, I have parsed a lot of data sets. Part of my job is to take note of trends and anomalies, while tracking list placements and movements year-to-year. Last week, we published the annual Book of Lists — a collection of most of the more …

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South Florida’s top multifamily deals of 2017

South Florida’s top multifamily deals of 2017 Despite an onslaught of new inventory, South Florida’s multifamily market showed continued strength in 2017, with the majority of the top deals exceeding $100 million. At the top of the list was the $158.5 million sale of Montage at City Center in Pembroke Pines, which Harbor Group International …

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‘No Man’s Land’: the first U.S. maps forgot about this Colorado ski town

Breckenridge’s roots have grown from gold, brothels, booms and busts to tourist-attractions, snow and shopping. It is ranked among the best ski resorts in the world, and why not? The resort boasts 34 ski lifts with 2,908 acres of skiable terrain and runs for skiers and snowboarders of all levels and ages. And beyond all that powdery …

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