Plantation Shopping Center SOLD
The Plantation Crossing Shopping Center was sold for $15.7 million on August 16, 2012 to an affiliate of Davie based Azor Advisory Sevices. The 70,000 square feet Plantation Crossings Shopping Center is situated in an excellent location in a very strong submarket adjacent to Sawgrass Mills Mall. Investors confidence continues to increase and demand for quality commerical properties in submarkets that can provide the investor with an in-place return on their investment keeps on the rise.
The Plantation Crossing Shopping Center tenants include CompUSA, Michael’s and Pier 1 Imports.
The Latest on South Florida Real Estate
Take a look at the latest news on the real estate front!
Icon Brickell Sophistication
Fabulous 2 BR/2 BA with den with 1,450 square feet with view of the Bay and Brickell Park. This unit comes with white porcelain floors throughout, a split bedroom plan, very bright, very spacious balcony and exquisitevely furnished by TUI. Icon Brickell counts with state of the art amenities, don’t let this one slip away! Offered for sale $750,000/Rent $4,200. Take a look at what this unit has to offer!
Is Time Now Short Sale Sellers!!!
Time is shortly coming to an end for those homeowners considering a short sale on their home and taking advantage of the Mortgage Forgiveness Act. If you’ve been considering selling your primary home as a short sale, now is the time to sell! Since 2007, people who have sold their primary homes as a short sale have benefited from the “Mortgage Forgiveness Debt Relief Act” which is coming to an end in 2012. Here’s how short sales work: if you owe $500,000 on your house and you sell it for $400,000, the $100,000 “gap” is technically considered taxable income and you are supposed to get a 1099 for that amount of money. This Debt Relief Act has suspended that requirement, giving owners the ability to short sell their homes without having to pay taxes on the deficit. However, it is expiring at the end of 2012. So if you are considering a short sale for your home, do it now so you can benefit from this tax relief act that is quickly coming to an end!
Florida’s Housing Numbers Are In
The National Association of Realtors® 2012 Profile of Homebuying Activity Report has just been released and Florida leads the way in the real estate market’s recovery in the US.
Palmetto Bay’s Latest Addition!
Fuddruckers opened on Monday, June 11th, their largest store in the State of Florida. For the young City of Palmetto Bay this is an outstanding economic accomplishment that reassures its residents the endless evolving possibilities that this City has to offer. Palmetto Bay was incorporated on September 10, 2002 and its residents count with the benefit of 6 beautiful recreational parks and access to the Bay in addition to fantastic public schools. The Village of Palmetto Bay best known as The Village of Parks an ever growing community!
Call Silvia Lorenzo 305.775.1497
