JLL has announced that Reed Smith, an international law firm placed in The American Lawyer's AmLaw 50, has leased 22,495 square feet of office space on the 26th floor of Southeast Financial Center, downtown Miami’s premier office tower.
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Foster + Partners-Designed Safra National Bank Headquarters Revealed As 3050 Aventura
Following the demolition of the Safra National Bank building in Aventura, site work is now underway on 3050 Aventura. The new office building will serve as the headquarters for Safra National Bank of which an affiliate, 3050 Aventura Owner LLC, is developing the project.
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ROVR Development's Grand Station Apartments Receives TCO In Downtown Miami
Grand Station Apartments, a transformative collaboration between Miami-based ROVR Development and the Miami Parking Authority (MPA), has received its TCO and residents have started to move-in. The $70 million, 30-story apartment tower, located at 240 North Miami Avenue, features 300 apartment residences.
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Location Ventures Launches Condo Sales For URBIN Mixed-Use Condo, Co-Working Lifestyle In Miami Beach and Coconut Grove
The desire to live and work in city centers throughout the world is often met with challenges in accessibility, mobility, and sustainability…until now. Location Ventures, a Miami-based, integrated real estate platform that delivers fully-connected residential and mixed-use projects, has announced the launch of residential sales for URBIN.
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Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million
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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