A year into Coral Gables’ Columbus Center’s debt woes, Tourmaline Capital Partners paid $76 million for the property facing foreclosure. Bryn Mawr, Pennsylvania-based Tourmaline bought
Category: Business
Shoma sheds another property, sells Hialeah project to IMC for $81M
For the second time in less than a month, Shoma Group’s commercial portfolio got lighter — along with its overall debt. The Coral Gables-based firm,
13th Floor scores $68M construction loan for Davie rentals
13th Floor Investments and JSB Capital Group scored a $67.5 million construction loan for a 383-unit apartment complex near Broward College in Davie. Coconut Grove-based
Trinity leading development of JMH’s former condo project near Faena District
Bill and Dana Lozito’s Trinity Southern is taking over development of a long-planned luxury condo project in Miami Beach called 29 Indian Creek, The Real
Integra launches sales for Sereno Fort Lauderdale condos
Integra Investments is launching sales for Sereno Fort Lauderdale, a condo project with prices starting at $1.4 million. The Miami-based developer is planning the 14-story,
Estates at Acqualina closing tops Miami-Dade weekly condo sales
Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 135 condo sales totaling $177.2 million from Mar. 9 to Mar. 16. The
Trust buys Estates at Acqualina condo for $25M, adding to slew of pricey deals
A trust bought a 9,100-square-foot Estates at Acqualina condo for $25 million, marking the latest pricey closing in the oceanfront luxury complex. Records show Casa
Habitus scores approval for 61-key hotel in Miami’s Edgewater, ramping up its South Florida hospitality investment
Habitus Capital scored approval for a 61-key boutique hotel in Miami’s Edgewater, marking the firm’s continued investment in South Florida’s hospitality market. Brickell-based Habitus plans
Cook County corrects tax roll error after $444M undervaluation
Cook County Assessor Fritz Kaegi has fixed hundreds of property misclassifications after a months-long audit, but questions remain over how many errors are still unresolved.
Adam Neumann’s Flow nabs $51M loan for $71M El Portal site purchase, partners with Canada Global on mixed-use development
Adam Neumman’s Flow nabbed a $51 million acquisition loan and is partnering with Canada Global for a planned mixed-use project on an El Portal development