The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. The 226-unit multifamily property is located at 9400 NW 41st St.
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Starwood Acquires The 844-Unit Palmer Dadeland From Mill Creek Residential For $387 Million
Barry Sternlicht’s Starwood Real Estate Income Trust has acquired the 844-unit Palmer Dadeland apartments for $386.7 million from Mill Creek Residential, roughly $440,000 per unit. The transaction was facilitated via an LLC membership change in which Mill Creek Residential sold the LLC that owns the property to Starwood.
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Lissette Calderon's Neology Life Locks Down $78 Million Construction Loan For Allapattah Multifamily
Lissette Calderon’s Neology Life has locked down a $78,197,393 construction loan for The Julia, a 323 unit apartment building with ground-floor retail space in Miami’s Allapattah neighborhood. The loan was provided by Trez Capital, a private real estate lender helping to build better communities across North America.
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Wynwood Annex Class-A Office Building Hits 100% Occupancy As Ramp Financial And Field Trip Sign Leases
Related Group and East End Capital’s Wynwood Annex Class A office building has hit 100% occupancy as tech firm Ramp Financial and psychedelic health company Field Trip have signed new leases. DWNTWN Realty Advisors represented the landlord in finalizing leases.
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Cushman & Wakefield Arranges $5.8M Sale of North Miami Beach Apartment Community
Cushman & Wakefield announced today that the commercial real estate services firm has arranged the sale of a 36-unit apartment community located at 16851 NE 18th Avenue in North Miami Beach. The final sale price was $5.8 million, which comes out to $161,111 per door.
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American Landmark Apartments Sells Lago Paradiso at the Hammocks Multifamily For $99 Million
Lago Paradiso at the Hammocks, a 424-unit, garden-style multi-housing community in the suburban neighborhood of Kendall in Miami-Dade, Florida, has traded for $99 million. JLL marketed the property on behalf of the seller, American Landmark Apartments and multifamily investment firm Cortland was the buyer.
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Pura Vida Continues Expansion With Announcement Of Eighth Location In Bay Harbor Islands
Pura Vida has announced the highly-anticipated opening of its eighth all-day café and locals beloved wellness hotspot, opening this October in the vibrant coastal town of Bay Harbor. Since the brand’s inception in Miami Beach in 2012, Jennifer and Omer Horev, have been steadily expanding the Pura Vida name.
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Stantec-Designed Avalon Doral Residential Building Brings Modern Tropical Living To Doral
Leading global design firm Stantec designed the eight-story Avalon Doral, located along one of the main corridors of the City of Doral at 3940 N.W. 79th Avenue. Featuring a central courtyard surrounded by 350 residential units, the development sits adjacent to the planned 80,000 SF retail development known as Atrium at Doral.
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The CocoWalk Mixed-Use Property Reaches 100% Leased in Miami’s Vibrant Coconut Grove
Less than a year since its reopening, the newly renovated CocoWalk mixed-use property announces its retail and office components are fully leased in Miami’s vibrant Coconut Grove neighborhood. Following an extensive multimillion-dollar renovation, the property now features 150,000 SF of prime retail space and a newly built, 85,745-square-foot office building.
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Coral Rock Development Group Announces Mixed-Use Workforce/ Affordable Housing Project Buena Vida In Little Havana
Coral Gables-based Coral Rock Development Group today unveiled plans for Buena Vida, a Little Havana-based workforce/affordable housing mixed-use project. Located at 22nd Avenue and Flagler Street, Buena Vida will encompass 175 units of workforce and affordable housing.
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