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Stock Market & Financial Investment News

News Breaks
July 1, 2014
16:19 EDTBBXBBX Capital division enters into joint venture agreement with affiliate of Proca
BBX Capital Real Estate, a division of BBX Capital announced it has entered into a joint venture agreement with an affiliate of Procacci Development Corporation. The joint venture has acquired three acres of real estate located at Bayview Drive and Sunrise Boulevard in Fort Lauderdale, Florida. The property is currently improved with an approximate 84,000 square foot office building along with a 7-11 retail store and gas station. The new joint venture entity, Sunrise and Bayview Partners acquired the above described property for approximately $8.0M. The property is a 50% - 50% joint venture between BBX Capital Real Estate and an affiliate of Procacci Development.
News For BBX From The Last 14 Days
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April 28, 2015
08:32 EDTBBXBBX Capital JV receives additional fudning to begin Bonterra development
BBX Capital Real Estate, a division of BBX Capital Corporation announced that its joint venture with CC Homes, a Codina-Carr Company, has received an additional $34.8 million in funding from Florida Community Bank to begin development of the Bonterra community in Hialeah, Florida, located in Miami-Dade County. Florida Community Bank has provided the developers with a construction and acquisition loan that now totals approximately $43 million to develop the property. The Bonterra master-planned community will be built on approximately 128 acres and is planned to have approximately 1,171 highly stylized single-family homes, villas, town homes, and apartments.
April 27, 2015
09:14 EDTBBXBFC Financial announces prelim. results of tender offer for BBX Capital shares
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