Ugo Colombo’s CMC Group has sold the Brickell Flatiron sales center site at 1101 S Miami Ave. for $6.5 million to Retail Ocean LLC. The deal was overseen by Fabio and Sebastian Faerman of FA Commercial, who represented the buyer, and Chris Suarez of CMC Group, who represented the seller.
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PROFILE Exclusive Podcast Season 1 Episode 3 Featuring Scott Sherman of Tricera Capital
Season 1 Episode 3 of the PROFILE Exclusive Podcast by PROFILEmiami features Scott Sherman, co-founder and Managing Partner of Tricera Capital, which he founded with Ben Mandell in 2017. Based in Miami, FL, Tricera Capital is a private equity real estate investment firm focused on value-add, urban retail investments within the United States.
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KAR Properties and Fortune International Group Buy Out Remaining Reach and Rise Residences at Brickell City Centre
KAR Properties and Fortune International Group have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, officially marking the sell out of the residential development. KAR Properties and Fortune International Group will be focusing on selling the recently purchased units with Fortune Development Sales leading these efforts.
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Florida Panthers Break Ground On $65 Million Fort Lauderdale War Memorial Revitalization
Not only are the Florida Panthers in a push for the Stanley Cup, the team has broken ground on their $65 million revitalization of the Fort Lauderdale War Memorial and Baptist Health IcePlex. The Panthers will update and renovate the Fort Lauderdale War Memorial Auditorium as well as build a new state-of-the-art practice and community ice facility.
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Related Companies Adds To West Palm Beach Office Portfolio With Acquisition of CityPlace Tower For $175 Million
The NYC-based Related Companies, led by Miami Dolphins owner Stephen Ross, has added to their West Palm Beach office portfolio with the acquisition of CityPlace Tower for $174 million, $577 PSF. The seller was the publicly traded W.R. Berkley Corp. (NYSE: WRB).
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The Transit-Oriented Mixed-Use Development CORE Link at Douglas Launches Leasing
The transit-oriented CORE Link at Douglas, a new 312-unit mixed-use multifamily tower, has launched leasing at the intersection of Coconut Grove and Coral Gables. Slated to open in August at 3060 SW 37th Avenue, CORE will become the first tower to open at Link at Douglas.
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Aria Development Group Reveals Short-Term Rental Condo Tower 501 First In Downtown Miami
Aria Development Group has revealed plans and renderings for 501 First, a short-term rental positioned condo tower proposed in Downtown Miami. A building at 501 NE 1st Ave. that dates back to 1924 and previously served as the YotelPad sales center will be demolished.
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Related Group Breaks Ground On The Arquitectonica-Designed Solemar In Pompano Beach At 80% Sold
The Related Group, one of the premier real estate developers in South Florida, has broken ground on Solemar, a luxury beachside condominium in Pompano Beach. The project is now 80% sold after launching sales in September 2020.
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The Estate Companies Locks Down $76 Million Construction Loan For Soleste NoMi Beach In North Miami Beach
The Estate Companies, a subsidiary of Estate Investments Group (EIG), has locked down a $76 million construction loan for Soleste NoMi Beach apartments in North Miami Beach. The financing was provided by Bank OZK was arranged by Brian Gaswirth and Michael DiCosimo of JLL.
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Tour This Record Breaking Altos Del Mar Beachfront Compound Which Just Sold For $37.5 Million In Miami Beach
A one-of-a-kind compound in Miami Beach’s exclusive beachfront Altos Del Mar neighborhood just sold for a record $37.5 million. The combined sale of 7709 Atlantic Way, and the vacant lot next door creates the only double lot in the exclusive gated community.
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