The Maryland-based Lerner Enterprises has acquired Motion at Dadeland for $114 million from the development partnership of 13th Floor Investments, Adler Group and Barings. Lerner received a loan from capital managed by KKR to finance the acquisition.
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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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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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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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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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Sephora, Lucid Motors and Bowlero Sign Leases For 90K SF At Miami Worldcenter
Sephora, Lucid Motors, and Bowlero have become the latest brands to announce leases at Miami Worldcenter, accounting for 90,000 square feet of retail space signed within the last 90 days at the $4 billion, 27-acre mixed-use development in Downtown Miami. The retailers will be located along the open-air shopping and entertainment promenades, and will join a growing roster of brands that recently announced openings at Miami Worldcenter beginning in 2022.
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57 Ocean Achieves $330 Million Sell-Out And Receives TCO With Closings To Begin In October
57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row has announced that it has achieved a $330 million sellout and has received its TCO. Closings are set to begin in October. Sales and marketing launched in 2018 and were led by Fortune Development Sales.
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Check Out The Spectacular Views From The Luxurious Artefacto-Designed Penthouses At PARAMOUNT Miami Worldcenter
Stacking up against the competition, the recently completed PARAMOUNT Miami Worldcenter, is soaring to new heights with its exclusive Penthouse Collection Series. Every residence at PARAMOUNT features unparalleled views and every imaginable luxury within also known as the most amenitized building in the country.
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