A partnership between Haslem Housing Ventures, led by Miami Heat star Udonis Haslem, and the Coral Gables-based Magellan Housing, have received approval from Miami’s Omni Community Redevelopment Agency (CRA) to build Wynwood Works, a 12-story mixed-use apartment project in Wynwood. Wynwood Works will be built on city owned land at 2035 North Miami Avenue.
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Gatsby Enterprises Acquires DiVosta Towers Office Complex In Palm Beach Gardens For $80 Million
A joint venture led by the New York-based real estate investment firm Gatsby Enterprises has acquired the DiVosta Towers office complex in Palm Beach Gardens for $80 million. Gatsby Enterprises is led by Nadar Shalom and the complex was acquired in partnership with Master Mind LLC, led by Babak Ebrahimzadeh.
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The Corcoran Group To Take Over Sales Of DDG Development's 3550 South Ocean's Remaining Inventory
The Corcoran Group has been appointed to take over sales of the remaining inventory at 3550 South Ocean, a luxury condo project being developed by DDG, led by Joe McMillan. Sales will be led by Kerry Warwick who had previously oversaw pre-construction sales of the project with Douglas Elliman.
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MiamiCentral Station Reveals Stantec Interiors for Park-Line Miami Residences By Brightline
MiamiCentral Station has revealed the new Stantec-designed interiors of the new two-tower, 816-unit Park-Line Miami Residences by Brightline. The globally-acclaimed architecture and design firm Stantec designed the lobby interiors of the north tower plus the amenity spaces, corridors, and unit finishes of both 30-story towers, located above Brightline’s MiamiCentral passenger rail station.
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Miami-based Private Equity Group Galium Capital Enters The Houston Multifamily Market With The Acquisition of The Fairmont on San Felipe
Galium Capital, a Miami-based real estate investment group, has announced the acquisition of The Fairmont on San Felipe in Houston, TX. The Fairmont on San Felipe is a 361-unit institutional-grade multifamily apartment building located within the business and Galleria shopping district of Uptown in Houston. The transaction closed on September 21, 2020.
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ESJ Capital Partners Proposes 300-Room Hotel At Jungle Island Redevelopment On Watson Island
ESJ Capital Partners have proposed to bring a 300-room hotel designed by the Miami-based EoA Group to Watson Island as part of the redevelopment of Jungle Island. Voters approved the hotel development in August 2018 which will transform Jungle Island’s property including the parking garage and add an additional 12,000 square feet of meeting space while leaving the botanical gardens undisturbed.
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Reuben Brothers Acquires 25% Stake In The JW Marriott Miami Turnberry Resort & Spa
The British-based private equity and investment firm, Reuben Brothers, led by David and Simon Reuben, have acquired a 25% stake in the JW Marriott Miami Turnberry Resort & Spa from Jeffrey Soffer’s Fontainebleau Development.
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Cardone Capital Acquires Port Royale Apartments In Fort Lauderdale Via Crowdfunding Campaign
Cardone Capital, led by the “10X Rule” author and founder of the 10X Movement Grant Cardone, has acquired the Port Royale Apartments in Fort Lauderdale in one of the largest crowdfunding real estate deals to ever close in South Florida.
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Nuveen Brings In Proptech Startup Lane To Manage Waterford Business District In Miami
Nuveen Real Estate has announced that they will bring in proptech startup, Lane, to manage the Waterford Business District in Miami. Lane will implement their workplace experience platform and mobile app at Waterford Business District which is one of the most prominent corporate office complexes in the Southeast U.S.
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Urban X Group Celebrates Grand Opening Of River Landing Shops & Residences On The Miami River
Urban X Group and the Toronto-based H&R Real Estate Investment Trust have officially celebrated the grand opening of River Landing Shops & Residences, located at 1400 NW River Drive along the Miami River. The announcement comes on the heels of the projects completion earlier this year where the first phase of retailers were allowed to open in May 2020.
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