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Berger Commercial Realty Corp. Announces $2.8 Million Sale

FORT LAUDERDALE, Fla. – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla., and serving clients around the state, announced a newly closed deal from broker Reese Stigliano, SIOR.

Stigliano represented CIG International, LLC, a subsidiary of CapitalSource Bank, in the sale of 53 acres of land known as Bonita Grand Estates for $2.8 million to investor Stefan Hoyer of Hoyer Homes, LLC.

Located at SW 208 St. and 134 Ave. in Miami, the land consists of 92 single family home lots started in 2005 and subsequently abandoned by the original developer.

BRIEF:

Property Address: SW 208 St. and 134 Ave., Miami, FL
Seller:  CIG International, LLC, a subsidiary of CapitalSource Bank, represented by Reese Stigliano, SIOR, of Berger Commercial Realty Corp.
Buyer: Stefan Hoyer of Hoyer Homes, LLC
Sold for: $2.8 million
Property Description: 53 acres of land, known as Bonita Grand Estates, consisting of 92 single family home lots started in 2005 and subsequently abandoned by the original developer

About Berger Commercial Realty Corp.: Founded in 1998, Berger Commercial Realty Corp. is a full service commercial real estate firm.  A local, independent and privately-owned firm, Berger customizes services and adapts to clients’ needs and the ever changing real estate market.  Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory / investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions. Berger Commercial Realty Corp. is ranked as 2010’s ninth largest commercial property management firm in South Florida, according to the South Florida Business Journal

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