Boynton Beach Promenade - Boynton Beach, FLRetail Shopping Center More
Renaissance Commons Executive Suites- Palm Beach, FLMixed - Use More
Coco Grove - Coconut Grove, FLRetail Building More
Shoppes at Deer Creek - Davenport, FLRetail Building More
Deerfield Commons- Deerfield Beach, FLRetail Shopping Center More
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Wellington Reserve Executive Suites - Wellington, FLOffice More
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IMC Equity Group’s mission is to continue acquiring high quality and economically viable commercial assets in-line with our tenants and private shareholders expectations and values; while investing in our human capital and recognizing this as our best asset, all in a relaxed family- oriented culture.
South Florida Business Journal: Izhak reinvigorates distressed properties, 2012 deals reach $100MThe real estate strategy of Yoram Izhak and his team at North Miami-based I.M.C. Property Management doesn’t appear flashy, and its efforts aren’t aimed at top-tier markets. But this no-frills approach to rescuing distressed properties has proven very productive. Izhak has been buying retail plazas in secondary markets focused on discounters and warehouses. I.M.C. has acquired about $100 million in properties in Florida this year. Overall, it owns 8 million square feet. Its workforce has expanded by 30 percent this year, to reach 70, so it could manage all the new properties, Izhak said. That’s not bad for someone who started out in the clothing business. Originally from Tel Aviv, Israel, Izhak came to Miami at age 6 and attended Miami Killian Senior High School. He enter
The Real Deal: Yoram Izhak - Investor wants to spend $200M in SoFlaVeteran South Florida real estate investor Yoram Izhak has multiple acquisitions in the works as part of a goal to spend $200 million in 2014. North Miami-based Izhak has a contract to purchase more than 181,000 square feet of industrial space in Oakland Park, Daily Business Review reported. Tenants at the 1201 Northeast 38th Street facility include the Funky Buddha Brewery. The acquisition should close in the next six weeks. Izhak also is close to picking up a 150,000-square-foot retail center in Sunrise. The investor already spent $375 million on South Florida real estate purchases over the last 42 months. An Izhak-managed company freed up some cash in last month’s $5.5 million sale of Sample Plaza in Pompano Beach. [Daily Business Review] — Eric Kalis - See more at: http://the
City of Lauderhill, Florida: Redevelopment and Expansion at the Lauderhill MallIMC Property Management has completed the fourth and final phase of renovation and expansion of the Lauderhill Mall. They have attracted several national tenants and completely rehabbed a long-vacant outparcel. IMC is currently working on platting and design work for the construction of several new outparcel locations that will be built at the SR7 property line in accordance with the urban design standards in place for the corridor.
South Florida Business Journal: Miami-Dade office complex bought for $11MAn office complex in the Westchester area of Miami-Dade County was bought for $11 million, or $182 a square foot, by affiliates of IMC Property Management. AdrianBuilders at Coral Way, a Miami-based company led by Alvaro Adrian, sold the four office buildings at 2760 S.W. 97th Ave. to MYA Properties, with a 72 percent interest, and Coral Way 24 LLC, with a 28 percent interest. The companies are managed by Yoram Izhak and Alan Lipton, respectively, both executives of North Miami-based IMC. The company is an active purchaser of commercial properties across Florida. AdrianBuilders developed the 60,278-square-foot office complex on 4.5 acres in 2001. IMC Director of Acquisitions Carlos Segrera said the property has 54,000 square feet of leasable space and is 85 percent occupied.
South Florida Business Journal: Miami Gardens retail center slated for redevelopment after acquisitionI.M.C. Property Management purchased a 32.8-acre shopping center in Miami Gardens and plans to redevelop it. The North Miami-based developer paid $7.08 million for the 281,000-square-foot retail plaza, which was developed in 1958. It’s located at 18000 N.W. 27th Ave. and comprises of three parcels at the southwest corner of Northwest 27th Avenue and Miami Gardens Drive. The seller was Morristown, N.J.-based 82 SL Associates of Florida. I.M.C. director of acquisitions Carlos Segrera said the company plans to redevelop the outdated center into a 300,000-square-foot, “Class A" retail plaza. It plans to demolish the existing buildings within 24 months. “When we were presented the opportunity by Marcus & Millichap, we quickly recognized the value added potential of this property
The Real Deal: Carol City shopping center sells for $7M, developer to raze itA shopping center in Carol City just traded hands for $7.1 million, and the buyer reportedly plans to redevelop it into a “Class-A” retail center. The Carol City Shopping Center, on the corner of Northwest 27th Avenue and Miami Gardens Drive, is a 280,000-square-foot retail complex that was built in 1958 and is currently 60 percent leased. The buyer, I.M.C. Property Management, plans to demolish the plaza’s existing buildings within two years and expand it to a 300,000-square-foot shopping center, a publication reported. The developer told the South Florida Business Journal that when finished, the plaza will be a $50 million development with positive economic impacts for Miami Gardens. Marcus & Millichap agents Kirk Olson and Drew Kristol brokered the sale for both I.M.C