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Tag: Car Dealers

More mileage: Krause Auto buys two Palm Beach County dealerships for M
Business

More mileage: Krause Auto buys two Palm Beach County dealerships for $31M

March 7, 2025March 7, 2025

Krause Automotive Group is branching out to South Florida after acquiring a pair of Nissan dealerships in Palm Beach County for a combined $30.5 million. 

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13th Floor, LeFrak and Related take over Shoma dev site in Miami
Business

13th Floor, LeFrak and Related take over Shoma dev site in Miami

March 7, 2025March 8, 2025

Shoma Group is abandoning plans to redevelop a shuttered car dealership, selling the 2.5-acre site for $35 million to a group that includes Richard LeFrak’s

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Pompano Beach Porsche dealership scores M construction loan for new showroom and offices
Business

Pompano Beach Porsche dealership scores $52M construction loan for new showroom and offices

February 24, 2025February 24, 2025

Champion Porsche is fueling up construction of its new Pompano Beach home after nabbing a $52 million loan. Wells Fargo Bank provided the financing to

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Dealership expanding? Craig Zinn Automotive pays M for Hollywood church site near its Toyota sales centers
Business

Dealership expanding? Craig Zinn Automotive pays $15M for Hollywood church site near its Toyota sales centers

February 6, 2025February 6, 2025

Craig Zinn Automotive Group paid $14.5 million for a Hollywood church building that’s near its existing Toyota dealerships.  The Hollywood-based auto dealer, led by CEO

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Auto dealers Ali and Faisal Ahmed jump into South Florida’s industrial market, buying Miami Lakes warehouse for M
Business

Auto dealers Ali and Faisal Ahmed jump into South Florida’s industrial market, buying Miami Lakes warehouse for $38M

October 28, 2024October 28, 2024

Auto dealers Ali and Faisal Ahmed are revved up for South Florida’s industrial market, dropping $38.2 million for a Miami Lakes warehouse. An entity managed

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Sienna Motors expands in Pompano Beach, buys shuttered dealership for M
Business

Sienna Motors expands in Pompano Beach, buys shuttered dealership for $22M

September 24, 2024September 24, 2024

Sienna Motors is expanding in Pompano Beach, acquiring a shuttered dealership less than a block away from its existing auto sales site for $21.9 million. 

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Gus Machado’s family sells late car dealer’s longtime Hialeah dealership for M
Business

Gus Machado’s family sells late car dealer’s longtime Hialeah dealership for $19M

September 9, 2024September 9, 2024

Gus Machado Ford in Hialeah is no longer owned by the late car dealer’s family, which sold the auto retailer site for $19.3 million. A

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CarMax Pays M For Jupiter Web site
Business

CarMax Pays $16M For Jupiter Web site

March 11, 2024March 12, 2024

CarMax picked up 24 acres of vacant industrial land in Jupiter for $16 million. An affiliate of CarMax, a Richmond, Virginia-dependent applied car seller led

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Johnson Automotive Pays M For Edgewater Growth Web site
Business

Johnson Automotive Pays $25M For Edgewater Growth Web site

March 7, 2024March 8, 2024

Automobile magnate Norman Braman is having some new level of competition in his neighborhood. Raleigh, North Carolina-centered Johnson Automotive Dealership Team paid $25 million for

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Craig Zinn Auto Pays M For Kendall Dev Site
Business

Craig Zinn Auto Pays $24M For Kendall Dev Site

January 24, 2024January 24, 2024

Craig Zinn Automotive Team paid $23.5 million for a improvement web site in Kendall. The Hollywood-based auto supplier obtained an 8.3-acre home at 15200 Southwest

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