CIM Group and One Real Estate Investments has locked down construction financing for Wynwood Square as the project gears up to break ground. The loan is for $71.2 million and was provided by Sumitomo Mitsui Banking Corporation.
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Luma At Miami Worldcenter Locks Down $143 Million Construction Loan, Groundbreaking Imminent
Luma at Miami Worldcenter has locked down a $143 million construction loan as the developers gear up to break ground on the 43-story tower. The loan was provided by Moinian Capital Partners with a 60% equity piece valued at $23.7 million.
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De Beers, the Legendary Home of Diamonds, Opens New Showroom At Bal Harbour Shops
The legendary Home of Diamonds, De Beers, has opened a new South Florida showroom at the Bal Harbour Shops. The new showroom marks De Beers’ third U.S. store location. The new store, full of airiness and light, will showcase wondrous pieces by De Beers, with 600 SF of space devoted to the legendary Home of Diamonds.
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Mast Capital Acquires The Quay Mixed-Use Shopping Center In Fort Lauderdale For $43 Million
Mast Capital has purchased The Quay, a 73,000 SF, mixed-use shopping center in Fort Lauderdale for $43 million. The property, which is currently 100% leased, includes major tenants such as the Boatyard restaurant, United States Postal Services, and Chipotle.
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Inside The Oasis, Wynwood's First True Creative Office Campus Delivering Late 2019
Wynwood will soon be getting its first true creative office campus, The Oasis, on track to deliver in late 2019. The 70,000 SF site features 35,000 SF of existing industrial warehouse space which is being converted into a mix of 20,000 SF of creative office space with a 2,500 SF rooftop, brick and mortar retail, and a 35,000 SF heavily landscaped courtyard with an outdoor food hall.
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13th Floor Investments & Adler Group Complete Construction Of The Transit-Oriented Motion at Dadeland Apartments
13th Floor Investments and Adler Group have announced that the firms have completed construction of Motion at Dadeland, a transit-oriented, 294-unit luxury rental community that is adjacent to the Dadeland North Metrorail Station in South Miami, FL.
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American Da Tang Files New Lawsuit Over Vacant CCCC Towers Site In Brickell
American Da Tang and Shanjie Li have filed a new lawsuit over breach of contract at the site of the formerly-proposed CCCC Towers in Brickell. The joint venture was under contract to manage the development in exchange for a 5% equity stake in the project.
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New Renderings Revealed For Naeem Khan Studios, The Designers New Headquarters & Fashion School On The Miami River
New York designer Naeem Khan, a celebrity designer who has dressed Beyoncé, Michelle Obama and Kate Middleton, has officially proposed Naeem Khan Studios as he plans to move his headquarters to Miami in conjunction with a high school dedicated for students to study fashion.
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Check Out The Newly Revealed Renderings Of The RTKL-Designed Plaza Coral Gables
New renderings have been revealed of Plaza Coral Gables, the largest project to ever be built in Coral Gables, valued at over $600 million. Construction on the project, which was formerly proposed as Mediterranean Village by developer Ralph Sanchez, is currently underway after Phase 1 broke ground in Summer 2018.
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America's Southernmost Marina Key West Harbour Sells For $39.5 Million
Key West Harbour, the southernmost marina facility in The United States located in Key West, Florida, totaling 13.1 acres, has sold for $39.5 million. Avison Young Principal George Vail represented the seller, iStar Inc. Key West Harbour is located on Stock Island, a transformative tourist enclave in Key West, emerging with luxury hotel, boating, and recreational fishing.
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