RY Investment Group has purchased a retail showroom at 1470 NW 107th Avenue in Miami, according to Berger Commercial Realty broker Keith Graves. The 8,539-square-foot showroom sold for $1.1 million. “This was a great investment opportunity in the retail sector,” Graves said. “Deals like this one are helping South Florida’s commercial real estate market to rebound.” The building was being managed by Berger Special Assets, the receivership division of Berger Commercial Realty. — Alexander Britell
Posts Tagged ‘doral’
-
-
Majestic Properties, based in Miami’s Design District, has hired Elizabeth Szczepkowska as a Realtor associate, the firm announced today. Szcepkowska, the founder and CEO of Inversiones Azteca in the Dominican Republic, she began her real estate career with Blue One Realty in Doral. Szcepkowska, a former commercial pilot, will focus on the luxury sector in Miami, according to Majestic. — Alexander Britell
-
Atlantic | Pacific is increasing the size of its portfolio of multi-family properties, adding projects in Georgia, Texas, North Carolina and Florida. “The company has held this land for a few years,” said Mark Briggs, senior managing director for the company in Atlanta. “South Florida’s multi-family market has recovered and we thought it was a good time to put this land into production with for-rent product.” The company’s latest Florida project is the Atlantic Doral Grande, which it announced last month. The Atlantic will be a 360-unit project set to break ground this spring. [GlobeSt]
-
EWE Land No. 1, an affiliate of the Easton Group, recently closed on the purchase of four acres of raw land in Doral and leased the property to neighboring Univision Network. Univision plans to develop the parcel into an overflow parking lot for employees. The seller was Park square Commercial Retail, a limited liability company. [more]
-
Doral’s Dolphin Commerce Center has signed a pair of 14,000-square-foot leases to reach 100 percent occupancy. Tenants Atlantic Marine Services and TireXchange have both signed deals for 14,489 square feet, according to Cushman and Wakefield, which represented Dolphin Commerce Center in the deals. Cushman’s Wayne Ramoski and Gian Rodriguez handled the deal for Cushman. [more]
-
Doral’s Amadeus Center office complex is in foreclosure after a lawsuit by U.S. Bank, the South Florida Business Journal reported. The property, which was purchased by the borrower for $23.1 million in 2006, is located at 9250 NW 36th Street and has just under 215,000 square feet. Amadeus left for a new facility in 2011, which is currently undergoing a $5 million tenant buildout by Stiles Construction. The new facility is located at 3470 NW 82nd Avenue. [SFBJ]
-
An affiliate of Lennar has received a note on a group of lots in the Century Grand development in Doral from companies controlled by Sergio Pino, the CEO of Century Homebuilders. The debt on the site had been purchased by Flordade, an affiliate of Century Homebuilders, in 2011 from Wells Fargo. Two years earlier, Wells Fargo foreclosed on the more than 152 acres of the site. Lennar reportedly received a 50 percent discount on the note. [SFBJ]
-

From left: Joe Dobronyi, Vice President, J.P. Morgan; Doral City Manager Yvonne Soler-McKinley; and Armando Codina, Chairman and CEO, Codina PartnersReal estate firm Codina Partners has joined with the City of Doral to break ground on a new public park in the downtown area. The three-acre public park will include an open-air pavilion. It is adjacent to Downtown Doral, a planned mixed-use project that will feature residential units, commercial space and an educational component. “Downtown Doral Park will provide the City of Doral a venue in very close proximity where it can host City events and annual celebrations,” said Armando Codina, chairman and CEO of Codina Partners, which is developing Downtown Doral. — Alexander Britell
-
A long and winding road for the sale of a Doral distribution facility has come to a close, 18 months after the original deal. K.G. International, a supplier of chemical and packaging materials, went under contract for the facility at 9800 NW 17th Street in Doral, but then hit a series of roadblocks. It turned out that the property was cross-collateralized with another property, and the bank would not permit the deal to be closed. — Alexander Britell [more]
-
Jones Lang LaSalle represented the seller in unloading two flower warehouses in Doral, according to the South Florida Business Journal. The first property, a 43,674-square-foot warehouse at 9800 NW 17th Street, sold for $3.675 million to buyer KG International. The second, a 30,011-square-foot site at 9475 NW 13th Street, went to Sky Mart Investments for $2 million. The two buildings were purchased five years ago for a total of $8.3 million. [SFBJ] [more]






