Pebb Enterprises and the Toledano family’s BH Group scored an $89.9 million loan for a portion of their mixed-use redevelopment of Office Depot’s headquarters campus in Boca Raton. Boca Raton-based Pebb and Aventura-based BH Group will use the debt to refinance an existing loan, and also for the development of an Equinox facility and to … Read more
Meyers Accesso won a Boca Raton board’s backing of its proposed 289,677-square-foot, mixed-use development. The Boca Raton Planning & Zoning Board voted 4 to 0 Thursday evening to endorse a request by Meyers Accesso affiliate BRI 1885 Atrium at Boca LP to approve two ordinances and three resolutions that pave the way for the development … Read more
The Boca Raton City Council unanimously approved plans by the city’s housing authority and Miami-based Atlantic Pacific Companies to add 105 apartments to a decades-old affordable housing complex. The zoning changes will enable Atlantic Pacific and the Boca Raton Housing Authority to build two new three-story apartment buildings with 54 one-bedroom units, 42 two-bedroom units … Read more
Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount. The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal. Gold Standard of Care’s family office … Read more
A newly constructed house in Boca Raton’s most expensive residential neighborhood topped signed contracts for luxury homes in Palm Beach County. Buyers signed 10 contracts between Nov. 3 and Nov. 9 for luxury properties in Palm Beach County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total … Read more
Macquarie Capital | Principal Finance and Vanderbilt Office Properties sold a multifamily development site approved for nearly 300 units in Boca Raton for $21.2 million. NADG, or North American Development Group, bought the 6.8-acre site at 1800 North Military Trail, according to records and real estate database Vizzda. The land shares the same lot as … Read more
A Boca Raton spec mansion topped signed luxury contracts in Palm Beach County last week. Buyers signed 14 contracts between Oct. 20 and Oct. 26 for luxury properties in Palm Beach County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $85.1 million in asking dollar volume … Read more
Facing foreclosure on its development site in Boca Raton, Penn-Florida Companies sold the 1-acre lot previously planned for an assisted living facility for $27 million. Led by Mark Gensheimer, Penn-Florida sold the vacant property at 375 East Royal Palm Road to Boca Raton-based SobelCo, according to records and real estate database Vizzda. SobelCo, a real … Read more
Terra and Frisbie Group presented a scaled back plan for their proposed One Boca megaproject in Boca Raton, slashing the housing and office components in the development. It marks the latest iteration of the developers’ February plan to redevelop Boca Raton’s city government campus at 201 West Palmetto Park Road. The new proposal calls for … Read more