Apr 28, 2016 - 0 Comments - Top Stories -

Miami Commercial Property News April 28, 2016: $96 Mil Paid for Doral’s White Course; More…

Lennar and Codina pay $96 million for White Course in Doral

Stuart Miller’s Lennar Corp. and Armando Codina’s CC Homes have closed on the purchase of the White Course in Doral, paying a total of about $96 million to acquire the golf course with plans for redevelopment. The two developers…

TIAA Purchases The Edge at Flagler Village for $114.4M

Houston, TX-based multifamily builder The Morgan Group, Inc. sold The Edge at Flagler Village apartment complex at 475 N. Federal Hwy in Fort Lauderdale, FL to TIAA for almost $114.4 million, or approximately $346,000 per unit.  The 332-unit, 388,144-square-foot mulitfamily community delivered in…

Report: Genting ‘Considering’ Sale of Former Miami Herald Site

Rendering of “Resorts World Miami” After repetitive unsuccessful attempts at bringing a casino to the waterfront site that once housed the Miami Herald, Malaysian conglomerate Genting Group is “at the very least considering a sale,” reports the Miami Herald.  An anonymous source told the paper…

Law Firm Relocates, Takes 11,300 Square Feet In Coral Gables

The intellectual property and patent law firm will be relocating from 355 Alhambra Circle. The post Law Firm Relocates, Takes 11,300 Square Feet In Coral Gables…

Leasing Team Head Chosen For Doral Court Redevelopment

Banyan Street Capital and DRA Advisors LLC intend to reposition the site as a mixed-use development.

Firm Tapped To Market Doral Office Building

The offering includes a two-story, 79,271-square-foot office building situated on a 1.73-acre lot and an additional 1.84-acre site/surface parking lot directly across the street.

Jacaranda Plaza Sold for $29.3M

Epic Real Estate Partners LLC acquired the Jacaranda Plaza shopping center at 8101-8151 W. Sunrise Blvd. in Plantation, FL from Ram Realty Services for $29.3 million, or about $169 per square foot.  The 173,024-square-foot, Publix-anchored retail center was built in 1974 on 16.2 acres in Broward County…

Berkshire Lauderdale by the Sea Sold for $78M

The Berkshire Group, a Boston-based investment management firm, purchased the Berkshire Lauderdale by the Sea apartments at 2400 NE 65th St. in Fort Lauderdale, FL from The Related Group of Florida for $78.5 million, or approximately $297,000 per unit.  The 264-unit, 401,925-square-foot rental…

Tour the 3 Superyachts at Fisher Island: Double Down, Cocktails, and Petrus II

Superyachting A trio of superyachts are currently docked at the marina on Fisher Island.  Let’s take a quick tour of Double Down, Cocktails, and Petrus II, three luxurious vessels chilling at Miami Beach’s most exclusive island.

Three Hundred Collins Receives Loan, Unveils New Penthouse Rendering

Update on the luxurious South of Fifth boutique condo JMH Development announced the receipt of a $26-million construction loan from StonegateBank to finance Three Hundred Collins, which broke ground in South Beach in late February.  The 19-unit boutique condo designed by the acclaimed Thomas…