Search Results for: avra jain

Miami Commercial Real Estate News August 31, 2022: Gables Station MXU Trades for $430M, Miami Worldcenter Dev Site for $30M; Site for $185M Riverside Wharf Project Headed for Lease; More…

Aug 31, 2022 - Top Stories - 0 Comments - Standard

Swiss developer debuts in Miami with multifamily project Swiss firm Empira Group is making its foray into South Florida with a $9 million purchase of a multifamily development site in Miami’s The Roads neighborhood. Empira wants to build the eight-story CoralGrove Brickell project on a half-acre site along Coral Way, at 3025 and 3051 Southwest […]

Miami Commercial Real Estate News April 14, 2022: Miami’s 58% Rent Spike Leads Nation; South Beach Office Building Trades for $52M; More…

Apr 14, 2022 - Top Stories - 0 Comments - Standard

Miami leads nation with 58% rent spike during the pandemic Miami led the U.S. in rent hikes during the pandemic. Miami’s median apartment rent skyrocketed 58 percent to $2,988 per month since March 2020, according to a newly released report from Realtor.com. Median rents increased nationwide by 19.3 percent to a new high of $1,807, […]

Miami Commercial Real Estate News August 18, 2021: Palmetto General Bought for $900 Million; Televisa Sells Virginia Gardens HQ for $13 Million; More…

Aug 18, 2021 - Top Stories - 0 Comments - Standard

Medical Properties Trust buys Palmetto General Hospital as part of $900M South Florida expansion Medical Properties Trust just closed on the fourth of the five hospitals it plans to acquire as part of a major expansion into South Florida healthcare totalling roughly $900 million. The Birmingham, Alabama-based real estate investment trust bought Palmetto General Hospital […]

Miami Commercial Real Estate News May 5, 2021: Judge Negs Fed’s Eviction Ban; 3 of 5 Largest Florida Office Trades in Miami-Dade; More…

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3 Of 5 Top Office Transactions in Florida in Q1 were in Miami-Dade Florida’s second-largest office deal was EQ Office’s purchase of Two and Three MiamiCentral, a 333,438-square-foot office portfolio in Miami. The Chicago-based REIT paid Shorenstein $230 million for the buildings, which previously traded for $159.4 million in 2019, one year after their completion. Shortly […]

Miami Commercial Real Estate News March 10, 2021: Miami River Marina Trades; Site for Planned Sports Entertainment Facility Sells; More…

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RCI Group sells River Cove Marina in Miami for $11M Real estate and marina developer and owner RCI Group sold a marina on the Miami River for $11 million. Records show RCI Group affiliate 2000 Miami River Marina sold the 72-slip River Cove Marina to Cove Marina Holding, a Delaware entity. Built in 2009, the […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News May 6, 2020: Glimpses of Improvement; McArthur Dairy, Little River Self-Storage Sell; Retail Pain Persists; More…

May 06, 2020 - Top Stories - 0 Comments - Standard

Fortune and Château score $119 million refi for Sunny Isles condo project Fortune International Group and Château Group scored $119 million in refinancing from Bank OZK for their planned La Playa de Varadero condo development in Sunny Isles Beach. The developers are planning to build two 56-story condo towers on the vacant site at 18801 […]

Miami Commercial Real Estate News April 29, 2020: Salmon Farm Snags $210M Loan; New Owner for China City’s Dev Site; CMX Cinemas Travails; More…

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Homestead salmon farm reels in $210M construction loan An under-construction salmon farm in Homestead just reeled in $210 million in refinancing. Atlantic Sapphire secured the construction loan for the four-phased development at 22275 Southwest 272nd Street from DNB Bank, according to a spokesperson for Holland & Knight. Attorneys Alberto Hernandez and Elena Otero and associates […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News April 8, 2020: Sweetwater Office Properties Trade; COVID-19 Hotel Occupancy, CRE Tenancy Effects; More…

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Procacci sells two office buildings near Dolphin Mall for $29M Procacci Development Corp. sold two office buildings in Sweetwater for a combined price of $29.3 million. Boca Raton-based Procacci Development sold the buildings at 11430 Northwest 20th Street and 11410 Northwest 20th Street, near Dolphin Mall, to New York-based Innovatus Capital Partners, according to records. […]

Miami Commercial Real Estate News February 26, 2020: Mana Seeks to Nix Wynwood BID; Miami-Dade Industrial Sales Top $1 Billion; More…

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Moishe Mana Wants Wynwood BID Dismantled; Both Sides Call Emergency Meetings This week, Moishe Mana, one of Miami’s largest landholders, has been circulating an online petition imploring people to “Save Wynwood,” warning that some stakeholders want to stop nightlife in the district at 11 p.m. At press time, it had over 22,000 signatures. He has […]

Brickell City Centre, Miami, Florida Retail and Office Commercial Real Estate

Miami Commercial Real Estate News August 28, 2019: $178 Million Hialeah Industrial Sale; China City Construction Sells Development Site; More…

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RREEF America buys Hialeah industrial property for $178M An affiliate of Deutsche Bank bought the Centergate at Gratigny in Hialeah for $178 million, marking South Florida’s largest industrial sale of the year to date. RREEF America bought the three-building property at 5801 and 6301 East 10th Avenue from Newark, New Jersey-based PGIM, records show. Centergate […]

Miami Commercial Real Estate News August 7, 2019: Two West Miami-Dade Multifamily Property Sales; Mayor Vetoes Babylon Rezoning; Bayside Ferris Wheel Gets Nod; More…

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Westover picks up Green Briar West Apartments near Westchester for $55 million Green Briar West Apartments (Credit: Google Maps) The Westover Companies bought a 331-unit apartment complex near Westchester for $55 million. King of Prussia, Pennsylvania-based Westover Companies bought the Green Briar West Apartments at 9615 Southwest 24th Street for $166,163 per unit. The seller […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News July 24, 2019: 800 Brickell Sells for $126 Million; Trump National Doral May Host G-7; More…

Jul 24, 2019 - Top Stories - 0 Comments - Standard

Gatsby Enterprises pays $126M for 800 Brickell Deutsche Bank’s RREEF sold a Brickell office building to Gatsby Enterprises for $125.5 million, according to sources. Gatsby Enterprises, a New York-based real estate firm led by principal Nader Shalom, and Master Mind LLC, led by Babak Ebrahimzadeh, closed on 800 Brickell, CBRE said. The 2-acre property includes […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News June 5, 2019: Plaza Coral Gables Nabs $100 Mil Loan; Beckham Group Submits Lease Draft for Melreese; Miami Cited as Emerging Tech Center; More…

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Beckham group submits draft lease deal for Miami Freedom Park complex David Beckham and his partners moved forward with their plans to redevelop the Melreese Country Club property in Miami into a $1 billion mega mixed-use soccer complex. Miami Freedom Park submitted a draft lease agreement to the city of Miami that outlines the terms of […]

Miami Commercial Real Estate News September 19, 2018: $100 Million Self-Storage Sale; Lissette Calderon Returns to River; Condo Glut Concerns; More…

Sep 19, 2018 - Top Stories - 0 Comments - Standard

Carlyle JV sells Miami-Dade self-storage portfolio for $100 million An entity tied to William Warren Group just paid $100 million for three self-storage buildings spread throughout Miami-Dade County. Property records show CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties that operates as US Storage Centers, sold the buildings. The self-storage […]

Miami Commercial Real Estate News September 5, 2018: New Development Proposed for Surfside; Development Approved for Coral Gables; More…

Sep 05, 2018 - Top Stories - 0 Comments - Standard

I Squared, Moving Headquarters to Miami, Raises $7 Billion for Infrastructure Investments I Squared Capital, an infrastructure-focused private equity firm founded by former Morgan Stanley executives, has raised $7 billion for its second fund, exceeding its original target as competition for investor capital heats up. The fund, known as ISQ Global Infrastructure Fund II, will make […]