A joint venture between Scott Sherman’s Tricera Capital, NDT Development, New England Development and Rockpoint Group have acquired the One Clearlake Centre office tower in West Palm Beach for $60.7 million. The seller was a joint venture between the Dallas-based real estate investment firm Velocis and CREC.
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Supertall Entertainment Complex SkyRise Cancelled At Downtown Miami's Bayside Marketplace
The planned supertall entertainment complex SkyRise, which was slated to rise in Downtown Miami’s Bayside Marketplace, has been cancelled after the developer was unable to secure financing. The entertainment and observation tower was being developed by Berkowitz Development Group.
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The First Restaurants Opening In Downtown Miami's $4 Billion Miami WorldCenter Megaproject Are Announced
The first four restaurants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami, have been announced. Leases have been signed with Chicago-based steakhouse Maple & Ash and their neighborhood restaurant concept etta and Miami Chef Michael Beltran’s Laurel Brasserie and El Vecino concepts.
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Broward Plaza Retail Center In Davie Sells For $12.8 Million
Broward Plaza, a 74,300 SF retail center in Davie, FL, which includes a Miami Grill outparcel, has sold for $12.8 million. El-Ad Broward Plaza LLC, an entity of El-Ad National Properties, acquired the 8.18-acre site from Saber Griffin Two, LLC.
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Largest Development Site Available In Downtown Miami Sells For $46 Million
The largest development site available in Downtown Miami has sold for $46 million. Known as Miami Center or the ‘Burdines property,’ it is the last significant development site remaining in downtown Miami’s Central Business District (CBD).
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Swerdlow Group Breaks Ground On Sawyer's Walk Mixed-Use Development In Miami's Overtown Neighborhood
Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities.
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Terra Locks Down $44 Million In Financing For Publix-Anchored Retail Development In Pembroke Pines
Coconut Grove, FL-based Terra has locked down a $43.74 million in senior mortgage financing, provided by Thorofare Capital, Inc., an affiliate of alternative investment manager Thorofare LLC. The loan was issued to 16000 Pines Retail Investments, LLC, an entity managed by 16000 Pines Market.
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The Estate Companies Sells Recently Completed Soleste Alameda Multifamily Development In West Miami For $83 Million
The Estate Companies (EIG) has sold Soleste Alameda, a recently completed luxury eight-story development with 306 rental units at 6320 SW 8th St. in West Miami. Dallas-based Westdale Real Estate Investment and Management (Westdale) acquired the asset for approximately $83 million.
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Allen Morris Company's AMS Hospitality And Black Salmon Joint Venture Acquire Circa 39 Hotel In Miami Beach For $25.5 million
AMS Hospitality, the affiliate hospitality group of The Allen Morris Company, and Miami-based national commercial real estate investment firm Black Salmon have acquired the 97-key Circa 39 Hotel in Miami Beach. Located at 3900 Collins Avenue, the hotel is across from the iconic Miami Beach boardwalk.
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Miami-Dade State Attorney's Office Leases 50K SF Of Office Space In River Landing Shops & Residences
Miami-Dade County on behalf of the Miami-Dade State Attorney’s Office has leased nearly 50,000 SF in Urban-X Group’s recently delivered River Landing Shops & Residences. The Offices of State Attorney Katherine Fernandez Rundle have entered a 20-year lease to occupy an entire floor, 49,379 SF.
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