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Category: Business

Rental Asset Management Pays M for Little Havana Units
Business

Rental Asset Management Pays $30M for Little Havana Units

April 26, 2022April 26, 2022

35 Southwest Sixth Avenue (Google Maps, iStock) Rental Asset Management paid $30.1 million for the First & Sixth apartment building in Miami’s Little Havana neighborhood.

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Retail Strong, Possibly Faces With Headwinds
Business

Retail Strong, Possibly Faces With Headwinds

April 26, 2022April 26, 2022

CREC Capital’s co-founders Alan Esquenazi and Warren Weiser with 2400 Northeast 10th Court (CREC Capital, Google Maps) South Florida’s retail market rebounded from the pandemic-induced

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Valero Capital Partners Buys Miami Office Building For M
Business

Valero Capital Partners Buys Miami Office Building For $18M

April 26, 2022April 26, 2022

Valero Capital Partners’ Jim Pelusi with 5040 Northwest 7th Street (Valero Capital, Loopnet) Valero Capital Partners picked up a Miami office building for $18M, amid

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Four Seasons Brickell Closing Leads Miami-Dade Weekly Sales
Business

Four Seasons Brickell Closing Leads Miami-Dade Weekly Sales

April 26, 2022April 26, 2022

Four Seasons Residences at 1425 Brickell Avenue Miami (Condo.com) Condo sales, dollar volume and average sale price all fell last week in Miami-Dade County. Dollar

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Lissette Calderon Launches Magazine Focused on Allapattah
Business

Lissette Calderon Launches Magazine Focused on Allapattah

April 25, 2022April 25, 2022

(L-R) The AllaWay magazine cover and photos of AllaWay Creative Director Maria Galli, Editorial Director Jenny Starr Perez and Publisher Lissette Calderon (Neology Life Development

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Condo Insurers Exit Florida, Hike Rates After Collapse
Business

Condo Insurers Exit Florida, Hike Rates After Collapse

April 25, 2022April 25, 2022

5050 Northwest Seventh Street in Miami (Google Maps, iStock) Insurers have become increasingly averse to issuing policies for aging condominiums in Florida following the state

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Non-Waterfront Miami Beach Home Sells For Record .5M
Business

Non-Waterfront Miami Beach Home Sells For Record $12.5M

April 25, 2022April 25, 2022

Robert Coward and 2535 Shelter Avenue (Jose Lopez of Immersive Media Solutions, USAP) A non-waterfront home in Miami Beach traded for $12.5 million, setting a

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Blackstone Looking at REIT Takeovers
Business

Blackstone Looking at REIT Takeovers

April 25, 2022April 25, 2022

Blackstone’s Jonathan Gray (Blackstone, iStock) Blackstone sees riches in the volatility of REIT valuations. The investment giant is pursuing private takeovers as the public-market valuations

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Beacon Real Estate Buys Kendall Office Building for M
Business

Beacon Real Estate Buys Kendall Office Building for $20M

April 25, 2022April 25, 2022

Beacon Real Estate Group’s Richard Kulick with 117 Professional Arts Center (Cushman & Wakefield) Beacon Real Estate Group acquired a Kendall office building for $20

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LeFrak Organization’s Harrison LeFrak Headed for Big-Ticket Divorce
Business

LeFrak Organization’s Harrison LeFrak Headed for Big-Ticket Divorce

April 25, 2022April 25, 2022

LeFrak’s Harrison LeFrak and Katherine Embiricos LeFrak (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal) The real estate industry is set to

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