The U.S. Small Business Administration is offering a lifeline to many commercial real estate owners with maturing mortgages. Under a temporary refinancing program that will start on April 6, the SBA can refinance an eligible commercial real estate mortgage that is set to mature after Dec. 31, 2012, into an SBA-backed 504 loan. In February, […]
SBA To Help With Maturing Commercial Loans Read More »
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
Coral Springs Executive Tower Trades For $6.5M Read More »
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 »
