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.
Read More
Crixus BH3 Acquisition Company Announces Pricing Of $200 Million Initial Public Offering
Crixus BH3 Acquisition Company (the “Company”) today announced the pricing of its initial public offering (“IPO”) of 20,000,000 units, at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market (the “Nasdaq”) and trade under the ticker symbol “BHACU” beginning October 5, 2021.
Read More
95 Burnett
Miami-Based Private Equity Firm Galium Capital Completes Successful Investment Cycle With Sale Of Two Assets
Galium Capital, LLC, a Miami-based private equity group led by Jacques Bessoudo and Iser Rabinovitz, has announced the sale of two properties, successfully completing the firms first investment cycle. The properties sold include 95 Burnett in Renton, WA, as well as The Shoppes at Lake Mary in Lake Mary, FL.
Read More
Hines Acquires Mixed-Use Development Site In Fort Lauderdale's Flagler Village For $57.41 Million
The Houston-based development firm Hines has acquired a mixed-use development site in Fort Lauderdale’s Flagler Village neighborhood for $57.41 million. The properties acquired make up the proposed FAT Village project which were assembled by Urban Street Development.
Read More
The Dubai-Based DAMAC Properties Revealed As $120 Million Stalking Horse Bidder Of Site Of Collapsed Surfside Condo
The stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021 has been revealed as the Dubai-based DAMAC Properties, led by billionaire developer Hussain Sajwani.
Read More
PROFILE Exclusive Podcast Season 1 Episode 7 Featuring Ryan Shear of PMG
Season 1 Episode 7 of the PROFILE Exclusive Podcast by PROFILEmiami features Ryan Shear, Managing Partner of PMG. PMG is a national real estate development firm with offices in Miami and Manhattan, specializing in new construction commercial and residential projects.
Read More
Florida East Coast Industries Lists ParkLine Miami Residential Above Brightline’s MiamiCentral Station For $500 Million
Florida East Coast Industries (FECI) announced the listing of ParkLine, its signature residential tower above Brightline’s MiamiCentral Station, for $500 million. The property, which consists of two iconic towers totaling 816 residential units, will be listed on the market by Cushman & Wakefield.
Read More
Miramar Park of Commerce Sells For $18 Million At A Record Price Per Square Foot For Broward County
The Miramar Park of Commerce has sold for $18 million. The 56,072-square-foot industrial/flex building is located at 10315 USA Today Way in Miramar, Florida. At $321.02 per square foot, the transaction represents the highest price per square foot secured for an industrial/flex property in Broward County.
Read More
Nuveen Acquires LaVida Lakefront Class-A Multifamily In Miami's Blue Lagoon For $98 Million
The Chicago-based global real estate investment management company Nuveen Real Estate has acquired LaVida for $98 million. LaVida is the first Class-A lakefront multifamily apartments within the prominent Blue Lagoon corporate park.
Read More
Victory Investments Group Acquires Hotel Astor In Miami Beach For $12.75 Million
Victory Investments Group has acquired the art deco Hotel Astor on Miami Beach for $12.75 million, $304,000 per key, in an off market deal. The Susan Gale Group with ONE Sotheby’s International Realty, which specializes in hospitality transactions, represented both sides of the transaction.
Read More