Big deals - Quick Takes

South Florida CEO, August, 2003

* Retail Fever--North Miami Beach-based retail center investor Equity One recently paid the highest price ever for a grocery-anchored shopping center, spending $75.32 million for the 451,294-square-foot Sheridan Plaza in Hollywood. Equity One's 19-million-square-foot portfolio now includes about 4 million square feet in South Florida.

* Home Giant--Miami-based Lennar Corp., in its quest to become the nation's largest home-builder, has agreed (along with its sister company LNR Property Corp.) to pay $990 million in cash for Newhall Land & Farming Co. of Los Angeles. Lennar plans delivery of approximately 1,000 new homes each year at the Newhall site.

* Powerful Partnership--Coconut Creek-based Minto Communities and H. Wayne Huizenga's Huizenga Holdings announced plans for two condominium developments on a 140-acre site in Sunrise, at Flamingo Road and 136th Avenue, near Sawgrass Mills Mall. The two developments will have some 2,200 units between them, and are now in the site-planning phase.

* Marine Cash-Out--Pompano Beach-based Land 'N' Sea Corp., one of the nation's largest distributors of marine parts, has been acquired for $52 million in cash and notes by Lake Forest, II.-based Brunswick Corp., makers of Sea Ray and Bayliner boats.