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South Florida

Terra buys in Doral

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The Terra Group has purchased 30 acres in Doral for $14 million in what
could be signal the company’s intention to make a larger purchase of the
entire 120-acre Town Center at Doral site. The price represented a
steep discount from the site’s last transaction, when it went for $25.9
million in 2006. The lot is located on the west side of NW 107th Avenue
at NW 70th Street. The buyer was M&M Doral Investment, which is a
company controlled by Terra President Pedro Martin. [SFBJ]

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Pedro MartinTerra