The New Jersey-based Wharton Realty Group has acquired Homestead Pavillion Shopping Center for $82 million from a joint venture including CREC Capital, Highline Real Estate Capital, MMG Equity Partners, and Lubert-Adler Real Estate funds. CREC Capital facilitated the sale of a 298,000 SF retail center located at 2400 NE 10th Ct in Homestead.
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Related Group and Merrimac Ventures Joint Venture Acquires Miami Worldcenter Development Site For $12 Million
A joint venture between Related Group and Dev Motwani’s Merrimac Ventures has acquired a development lot in Miami Worldcenter for $12 million from Miami Worldcenter Associates. The .6 acre lot is located at 601 North Miami Avenue and 25 Northeast Sixth Street and is currently used as a surface parking lot.
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The Shoreland Arcade
Moishe Mana Closes On Five Properties In Downtown Miami's Flagler District For $59.62 Million
Moishe Mana is steaming forward on plans for Downtown Miami’s Flagler District after closing on five properties in the past week for $59.62 million. Construction is progressing at several other of his properties in the neighborhood as the demand for office, retail and entertainment spaces in Miami increases.
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Mast Capital Acquires Prime 2.8-Acre Site In Brickell To Develop 3-Tower Luxury Mixed-Use Project
Miami-based developer Mast Capital closed on the 2.8-acre site located at 1420 S Miami Ave for $103 million. The site is located on the southern edge of the Brickell Central Business District market and represents one of the last remaining raw parcels of land available to build a high-rise development of scale in the area.
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Black Lion Investment Group Acquires Commercial Units In South of Fifth's Marea Featuring RED Steakhouse And KoSushi Spaces
Black Lion Investment Group has acquired an entire block of commercial condo units at the base of the iconic Marea building in the heart of Miami Beach’s South of Fifth neighborhood. The six-story building at 801 South Pointe Drive was originally developed by the famed Related Group and features 30 luxury residential condos atop the commercial units.
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Forte Capital and Sheridan Capital Partnership Acquires Wynwood Commercial Property For $6.35 Million
Forte Capital, led by Chaim Cahane, and Sheridan Capital have acquired 2830 NW Fifth Ave. in Wynwood from Alex Karakhanian’s LNDMRK Development for $6.35 million. The buyers plan to reposition the existing 14,000-square-foot building at 2830 NW Fifth Ave. into creative offices.
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The Last Development Parcel on The Ultra-Luxury Fisher Island Under Contract to Related Group, Teddy Sagi and BH Group Joint Venture
A joint venture between real estate leaders Related Group, Teddy Sagi and BH Group are under contract on Parcel 7, the last available development parcel in Miami Beach’s historic Fisher Island. The partnership plans to develop an ultra-luxury boutique condominium in what has come to be known as America’s wealthiest zip code.
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Miami-Based Private Equity Group Galium Capital Continues Rapid Expansion With Acquisition of Hanover Cross Street In Baltimore, MD
Galium Capital, LLC, a Miami-based private equity group, has announced the acquisition of Hanover Cross Street in Baltimore, MD. Hanover Cross Street is a 299-unit institutional-grade multifamily apartment building with an additional 12,000 square feet of retail located in Baltimore, MD.
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Major Food Group To Open Sadelle's In Coconut Grove At Former Tigertail + Mary Retail Condo Which Just Sold For For $5.5 Million
The Related Group and Terra Group joint venture that developed Park Grove in Coconut Grove has sold two retail condos in Park Grove including the former Tigertail + Mary restaurant space. Major Food Group, the restauranteurs behind Carbone and ZZ Sushi Club, will open their Sadelle’s concept at the former Tigertail + Mary space.
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Electra America Hospitality Group Acquires The Conrad Miami Hotel In Brickell Arch Tower
Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired the Conrad Miami hotel in Brickell for $75.33 million. The seller was AG-M Miami Hotel Owner LLC, a JV partnership between the Miami-based Mast Capital and the New York-based Angelo Gordon.
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