How Fort Lauderdale Retail Plaza Traded With Hurricane Dorian Looming

PMG Plaza traded without any delays caused by the hurricane threat because it has insurances in place and was bought with cash.

By Lidia Dinkova | September 12, 2019 at 06:53 AM

Marcus & Millichap first vice president and director of National Retail Group Howard Bregman, investment sales associate Joseph Granteed, executive managing director Douglas Mandel and investment associate Elon Gerberg.

A three-building Fort Lauderdale shopping plaza sold for $15.8 million just before Hurricane Dorian, which didn’t delay the closing.

PMG Plaza had all necessary insurance in place and traded in a cash transaction, both of which allowed the deal to close on time despite the looming threat from Dorian, said Howard Bregman, who was part of the Marcus & Millichap team that sold the plaza.

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