Season 1 Episode 6 of the PROFILE Exclusive Podcast by PROFILEmiami features Dev Motwani of Merrimac Ventures. Dev serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale based real estate firm that focuses on value-add investment and development opportunities.
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Bay Harbor Islands Home Sells For Record $12 Million To Co-Founder of Dreampact Ventures
Real estate records continue to be set all across Miami. The co-founder of venture capital and private equity firm Dreampact Ventures Fued Sadala has acquired 9814 West Broadview Drive in the Bay Harbor Islands for $12 million, a record for a waterfront sale in the neighborhood.
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The Residences at Uptown Boca Trades For $230 Million In Florida's Largest Multifamily Deal In 2021
The developers of Uptown Boca, Boca Raton’s first new retail and Class-A multifamily project to open in West Boca Raton in over 20 years, have sold The Residences at Uptown Boca to the Atlanta-based multifamily real estate investment, development and management company, Cortland for $230 million.
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TriStar Capital and RAL Development Acquire Final Piece Of Wynwood Assemblage For $13 Million
David Edelstein’s TriStar Capital and RAL Development, led by Robert Levine, have closed on the final piece of their 72,000 SF Wynwood assemblage where an office campus is planned. The development partnership paid $13 million for a 31,250 SF site at 2701 NW 5th Ave.
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One Of The Largest Multifamily Portfolio's Assembled In Miami's Little Haiti Trades For $11.6 Million In Off-Market Transaction
One of the largest multifamily portfolios ever assembled and sold in Miami’s fast-growing Little Haiti neighborhood has sold for $11.6 million. Secamar LLC sold Buena Vista Gardens, the 89-unit portfolio at 5601 NW First Ave., to Bowery Properties, led by Thomas Neary.
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PROFILE Exclusive Podcast Season 1 Episode 5 Featuring Robert Rivani of Black Lion Investment Group
Season 1 Episode 5 of the PROFILE Exclusive Podcast by PROFILEmiami features Robert Rivani, Founder and President of Black Lion Investment Group. Based in Los Angeles, CA, Black Lion Investment Group is a real estate investment firm focused on retail, hospitality, office, and mixed-use assets
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Distressed Office Building In Lake Worth Auctioned On Ten-X For $5.5 Million
A distressed office building in Lake Worth, FL has successfully been auctioned on the Ten-X online auction platform as the sale reflects the low inventory yet high demand for distressed and medical office assets. JFK Medical Building, located at 4801 South Congress Ave. in Lake Worth, closed for $5.55 million.
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MG3 Developer Acquires Doral Concourse From DRA Advisors For $96 Million
The Aventura-based MG3 Developer has acquired Doral Concourse from DRA Advisors for $96 million. The price equates to roughly $399 PSF and the asset was 95% leased at the time of sale. Tenants include General Mills, Greenberg Traurig, Starboard Cruise Services and Onboard Media.
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McGuire Development Company Acquires The Atrium West Office Building In Sunrise For $12.1 Million
The Buffalo, NY-based McGuire Development Company has acquired the Atrium West office building in Sunrise, FL. Atrium West is a 99,870 SF office building situated on 8.78 acres at 7771 W. Oakland Park Blvd. in Sunrise, Florida.
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Witkoff And Monroe Capital Acquire Cancelled Marriott Maquis Miami Worldcenter Site For $94 Million
The New York City-based real estate investment group Witkoff and the Chicago-based Monroe Capital have acquired the site of the now cancelled Marriott Marquis Miami Worldcenter from MDM Group for $94 million. The 4.7 acre site is located at 700 North Miami Ave.
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