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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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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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