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TERMS OF SERVICE
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If you have any questions or concerns regarding any information presented in this policy, please contact us by telephone at 305.695.8700.
Current media coverage and upcoming developments hand-picked from the industry.
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Chairman Stephen Bittel talks real estate, trends, and building better communities.
Terranova Affiliate Sells Beach Towers for $48.75 Million
MIAMI BEACH, FL – July 15, 2016 – Concluding a 12-year investment, Beach Tower LLC sold two offices buildings located 1674 and 1688 Meridian Avenue yesterday for $48.75 million dollars to Ivy MBT Property, LLC. Originally purchased in 2004 in two transactions for $7,475,000 for 1674 Meridian and $19,550,000 for 1688 Meridian. Terranova Chairman Stephen Bittel said, “we are delighted with the positive conclusion of this investment. Our current development of two neighboring three story retail buildings…
Terranova Affiliate Sells Suniland Shopping Center for $66.5 Million
MIAMI BEACH, FL – May 31, 2016 - Concluding a 22 plus year investment, Suniland Associates, Ltd. sold the Suniland Shopping Center on Friday for $66.5 million dollars. Originally purchased in two transactions, in 1994 for $9,295,000 plus an out piece in 1996 for $1,121,300, the gain to investors over the long hold was extraordinary when cash flow from operations, refinancing proceeds, and sale proceeds were combined. Investors received an annualized internal rate of return over the investment period of…
Terranova / Acadia Buy 3 Buildings in $52 Million Lincoln Road Deal
MIAMI BEACH, FLORIDA - February 17, 2011 - Joint venture affiliates of Terranova Corporation and Acadia Realty Trust (NYSE: AKR) have closed on a landmark three building deal for the acquisition of 741 Lincoln Road, 600 Lincoln Road, and 723 North Lincoln Lane in sunny Miami Beach. The approximately $52 million deal for the three properties adds a little over 61,000 square feet to their growing urban street front retail portfolios. Current tenants at the…
Terranova Capital Markets Activities Reach $271 Million in First Half
MIAMI BEACH, FLORIDA – July 12, 2007 – Terranova Corporation’s Capital Markets activities have made a major impact in the first half of 2007, reaching $271 million in sales and acquisitions in South Florida. During the past six months Terrranova has led sales or acquisitions for Concord Shopping Center, Kendall Mall, Paraiso Parc, Flagler Park Plaza and Grande View Apartment Homes.
Terranova / Blackrock Joint Venture Acquire $39 Million Paraiso Parc
MIAMI BEACH, FLORIDA – March 21, 2007 – A joint venture between Terranova and BlackRock Realty Advisors has paid $39 million to acquire the brand new Paraiso Parc, a new Publix-anchored shopping center in the heart of southwest Broward County, Florida. The deal closed March 15.
Terranova / Blackrock Venture Acquires 400,000 Sf Miami Warehouse
MIAMI BEACH, FLORIDA – Sept. 13, 2006 – Terranova Corporation announced today the acquisition of a 400,000 square foot warehouse building in Miami, Fla., the first of several industrial acquisitions planned in the area.
Blackrock Realty and Terranova Close on Largest South Florida Open-Air Shopping Center Deal This Year
MIAMI BEACH, FLORIDA – Sept. 9, 2005 – Westfork Tower LLC, joint venture between BlackRock Realty Advisors and Terranova Corp., has paid $58.4 million to acquire Westfork Plaza, a landmark shopping center in the heart of southwest Broward County, Florida. The deal, which closed Friday, September 9th, is the largest open-air shopping center transaction in the tri-county area in 2005.
Terranova Takes on Over $200 Million of New Projects, Totaling Over 1.25 Million Square Feet
MIAMI BEACH, FLORIDA – February 28, 2005 – Terranova Corp. has been awarded exclusive management and/or leasing representation of four South Florida shopping centers, five office buildings and eight urban street front assets. The recent string of deals adds over 1.25 million square feet to Terranova’s expanding portfolio.
Ssr Tower Fund Leads to $54.05 Million, 10-Building Acquisition of South Beach/Coral Gables Portfolio
MIAMI, FLORIDA – October 26, 2004 – SSR Realty, in conjunction with Terranova affiliate Gables Beach Ltd. and a Madison Marquette affiliate, has paid $54.05 million to purchase a prime real estate portfolio of 10 buildings from Starwood Urban.
Terranova Brokers $13.3 Million Industrial Deal
MIAMI, FLORIDA – July 13, 2004 – Terranova Corporation represented the buyer, SSR Realty, in its acquisition of Weston Distribution Center, the former Federal Mogul facility in Weston, Florida. CB Richard Ellis represented the seller, Northwestern Mutual Life.