Pimo Capital LLC acquired the office building at 210 N. University Dr. in Coral Springs, FL from Coneca Properties, Ltd. for $6.5 million, or about $81 per square foot. The property is a nine-story, 80,380-square-foot building constructed in 1985. The property transferred as a short sale, with the seller having a $9.3 million balance on …
The U.S. General Services Administration (GSA) has purchased 20 acres in the city of Miramar in Broward County, FL, for construction of a 475,000-square-foot federal office complex. The GSA paid Rockefeller Group Development Corp. $13.5 million for the land along the I-75 corridor in Miramar, FL, part of a larger 40-acre parcel owned by Rockefeller, …
GSA Buys 20 Acres North of Miami for Office Project Read More »
CIG International, a subsidiary of Capital Source Bank, hired me to provide a broker’s price opinion when it took over the 53 acres from Miami developer RL Homes through foreclosure in June 2010. While trying to assess the value of the land, I contacted Hoyer Investment, a real estate fund backed by European investors. Hoyer indicated …
