Parkinson’s Foundation Receives $450,000 Gift from Terranova to Expand Centers of Excellence Network

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PARKINSON’S FOUNDATION NEWS — February 6, 2018 — BY CAROLINA HENRIQUES Stephen Bittel, found and chairman of Terranova, has donated $450,000 to the Miami-based Parkinson’s Foundation to fund the expansion of its Centers of Excellence network.

Bittel also pledged to use his personal and professional networks to raise an additional $1 million for ongoing fellowship grants to encourage young scientists, clinicians and students to study Parkinson’s disease.

“We are extremely grateful for Stephen’s generous donation and his ongoing support of our mission,” John L. Lehr, the foundation’s CEO, said in a press release. “His contributions will have a significant impact on our community, as we continue to lead the charge in making life better for people with Parkinson’s and working toward a cure.”

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Two Miami Beach Properties Sell for $49 Million, Doubling Purchase Price

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DAILY BUSINESS REVIEW — July 18, 2016 — BY CARLA VIANNA. Sit on an asset long enough and it’ll double in price.

That was the case for two office properties in Miami Beach that fetched $49 million late last week — double the original purchase price twelve years earlier.
 

Terranova Corp. affiliate Beach Tower LLC sold the office towers at 1674 and 1688 Meridian Ave. for $48.75 million in a deal that closed July 14, the real estate advisory firm announced. The seller pocketed the buildings in 2004 with two transactions totaling $27 million.

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Two office buildings near Lincoln Road sell for $48.75 million

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MIAMI HERALD — July 15, 2016 — BY CHABELI HERRERA. An affiliate of Miami Beach-based commercial real estate firm Terranova Corp., Beach Tower LLC, has sold two office buildings a block north of Lincoln Road for $48.75 million, furthering the firm’s goal of expanding the promenade to 17th Street.

Ivy MBT Property has purchased the buildings from Beach Tower LLC, which purchased the properties at 1674 and 1688 Meridian Ave. in 2004

Nearby, Terranova is also developing two three-story buildings — at 723 Lincoln Lane and 801 Lincoln Road — into retail projects with Marshalls and Anthropologie as anchor tenants.