A distressed office building in Lake Worth, FL has successfully been auctioned on the Ten-X online auction platform as the sale reflects the low inventory yet high demand for distressed and medical office assets. JFK Medical Building, located at 4801 South Congress Ave. in Lake Worth, closed for $5.55 million.
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MG3 Developer Acquires Doral Concourse From DRA Advisors For $96 Million
The Aventura-based MG3 Developer has acquired Doral Concourse from DRA Advisors for $96 million. The price equates to roughly $399 PSF and the asset was 95% leased at the time of sale. Tenants include General Mills, Greenberg Traurig, Starboard Cruise Services and Onboard Media.
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Mixed-Use Development '29N' Revealed In Wynwood At Former Site Of Rubell Family Collection
A development partnership between L&L Holding Company, CARPE Real Estate Partners, and Fortis Design + Build have revealed 29N, a mixed-use project which feature rental apartments, office space, ground floor retail and micro retail.
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Finvarb Group Adds To Deerfield Beach Assemblage With Acquisition Of Mixed-Use Property For $9.3 Million
Ronny Finvarb’s Finvarb Group has added to their Deerfield Beach assemblage with the acquisition of a mixed-use property at 233-245 N. Ocean Dr. in Deerfield Beach for $9.3 million. The 60,310 SF property was developed in 1988 and features a mix of office and retail tenants including Remax and 4D Gelateria.
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Related Group Sells Former Headquarters in Downtown Miami For $24.08 Million
Related Group has sold their former headquarters in One Miami after moving to their new headquarters which they recently completed in Coconut Grove. Located at 315 S. Biscayne Blvd. the 34,341 SF office and restaurant building sold for $24.08 million to the Mexico-based Zentrix Industries Limited.
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The Gateway at Wynwood Signs First Office Lease With Oncology Biopharmaceutical Company Veru Inc.
The Gateway at Wynwood has signed its first office lease as the office building is nearing completion. The developer of The Gateway at Wynwood, R&B Realty Group just signed an eight-year lease with Veru Inc. Veru is an oncology biopharmaceutical company which develops medicines for the management of prostate and breast cancers.
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McGuire Development Company Acquires The Atrium West Office Building In Sunrise For $12.1 Million
The Buffalo, NY-based McGuire Development Company has acquired the Atrium West office building in Sunrise, FL. Atrium West is a 99,870 SF office building situated on 8.78 acres at 7771 W. Oakland Park Blvd. in Sunrise, Florida.
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Moishe Mana's Mana Common Adds To Downtown Miami Portfolio With $12.375 Million Development Site Acquisition
Moishe Mana’s Mana Common has added to their Downtown Miami portfolio with the acquisition of a development site located at 49 NW 1st St. for $12.375 million. The 22,500 SF site is currently a parking lot. Colliers' Executive Managing Director Mika Mattingly represented both sides of the transaction.
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Witkoff And Monroe Capital Acquire Cancelled Marriott Maquis Miami Worldcenter Site For $94 Million
The New York City-based real estate investment group Witkoff and the Chicago-based Monroe Capital have acquired the site of the now cancelled Marriott Marquis Miami Worldcenter from MDM Group for $94 million. The 4.7 acre site is located at 700 North Miami Ave.
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Black Lion Investment Group Acquires Former Katsuya Space In SLS LUX Hotel & Residences Brickell For $13.5 Million
Black Lion Investment Group has acquired the former Katsuya space in the SLS LUX Hotel & Residences in Brickell from The Allen Morris Company and Related Group. The restaurant suite is located at 8 SE 8th St. and includes the S Bar component as well.
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