Miami Beach developer Ronny Finvarb has closed on a site on Alton Road at the entry to the popular Sunset Harbour neighborhood where he plans a boutique hotel. Finvarb paid $4 million for the 10,200 square foot site which is located at 1790 Alton Road.
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Last Mile Investments Acquires Jupiter Retail Plaza From Elion Partners For $18.5 million
The Cincinnati-based Last Mile Investments have acquired the Pennock Square retail plaza in Jupiter for $18.5 million from the North Miami Beach-based Elion Partners, led by Shlomo Khoudari. Huntington National Bank financed the deal with a $12.95 million mortgage.
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Abbhi Capital Acquires 1-Acre Miami Worldcenter Development Parcel For $20 Million
The master developer behind Miami Worldcenter, the $4 billion, 27-acre mixed-use development now underway in the heart of Downtown Miami, has sold a 1-acre parcel to Coral Gables-based investment firm Abbhi Capital for $20 million.
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Soliman Corp. Acquires Hallandale Beach Office Building From KEI Properties For $16.5 Million
Canadian real estate investment firm Soliman Corp., led by Jeffrey Soliman, has acquired a multi-tenant office building in Hallandale Beach from KEI Properties for $16.5 million. The 11-story, 117,668 square-foot office building is located at 1250 E. Hallandale Beach Blvd. in Hallandale Beach, FL.
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RedSky Capital And JZ Capital Partners Sell Wynwood Block For $24 Million
A partnership between RedSky Capital and JZ Capital Partners has sold the retail building known as Wynwood Block for $24 million to Wynwood Block Realty LLC. The sale reflects a $2 million loss from the $26 million, $1,050 per square foot, the partnership paid for the property in 2015.
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Blackstone Acquires MiamiCentral Office Buildings For $230 Million To Build Downtown Miami Technology Hub
The New York City-based global investment firm Blackstone has acquired the 2 and 3 MiamiCentral office buildings from Shorenstein Properties for $230 million. The office complex, which was developed in 2017 and 2018, spans 317,939 square feet.
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Aztec Group Secures Debt & Equity For Retail Acquisition In South Carolina
Aztec Group, Inc., a leading real estate investment and merchant banking firm, has announced that Managing Directors Jason Shapiro and Sean Harrington, and Senior Associate, Joel Zusman secured a $10.75 million, 60% loan-to-cost, non-recourse loan and joint venture equity for the acquisition of Chapin Crossing.
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AB Asset Management Acquires Residence Inn Coconut Grove From Hersha Hospitality Trust
AB Asset Management has acquired the Residence Inn Coconut Grove, a three-building, 140-unit hotel at 2835 Tigertail Avenue in Miami’s vibrant Coconut Grove neighborhood. The 2 acre property sold for $31 million, which breaks down to roughly $221,429.
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New Urban Communities Sells Azul Apartments In Stuart For $15.5 Million
The Delray Beach-based New Urban Communities, led by Kevin Rickard and Tim Hernandez, has sold Azul Apartments in Stuart for $15.5 million to the San Diego-based public REIT DiversyFund Growth REIT. The price breaks down to roughly $316,000 per unit.
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Suntex Marina Investors Acquires Prime Marina Miami In Coconut Grove
The Dallas-based Suntex Marina Investors LLC has acquired Prime Marina Miami in Coconut Grove. Terms of the deal were not disclosed but it does include the transfer of a 70-year lease on 111 boat slips which was recently signed by Prime Marina Group.
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