Simon Property Group’s Miami International Mall is in precipitous condition. The struggling indoor retail center ‘s current market value nosedived to $159 million, compared to
Tag: Commercial
Lynd considers $9M capital call to investors for Miami Gardens rental complex
Multifamily investor Lynd is considering asking its investors in a Miami Gardens apartment complex to pony up additional capital, as skyrocketing insurance premiums and other
Lease roundup: Latin Securities opens in downtown Miami, Spanish restaurant picks A&E District for first US outpost
Latin Securities | downtown Miami Financial services firm Latin Securities opened an office in downtown Miami. Buenos Aires, Argentina-based Latin Securities, which offers wealth management,
Movers & Shakers: Andrew Sossen returns to Starwood as COO
It may be the dog days of summer, but South Florida real estate firms are still making moves. Andrew Sossen is returning to Miami Beach-based
Longpoint expands South Florida retail portfolio with $33M Pompano Beach purchase
Longpoint Realty Partners added another grocery store-anchored shopping center to its South Florida retail portfolio. An affiliate of Boston-based Longpoint paid $33.1 million for Palm
Prologis pays $55M for Verizon subsidiary HQ near Doral, with plans for industrial redevelopment
Prologis bought a Verizon subsidiary’s headquarters near Doral for $54.5 million, with plans for an industrial redevelopment. The San Francisco-based real estate investment trust scooped
Witkoff, Blavatnik plan luxury hotel and private golf club at former Banyan Cay Resort in West Palm
West Palm Beach is getting a new private golf club and a luxury hotel after years of stalled progress at the Banyan Cay Resort site.
Miami-Dade’s aviation department moving to new digs after $26M purchase of office building near MIA
Miami-Dade County paid $26.3 million for an office building for its aviation department. The county bought the six-story, 112,500-square-foot building at 7200 Northwest 19th Street
Loews getting $305M refi for oceanfront Miami Beach resort
Loews Corporation is getting a $305 million refinancing of the loan backing its oceanfront Miami Beach resort. The financing is for the 5-acre, 790-key hotel
Bessemer Trust sells Palm Beach building for $19M, opting for newer digs
Bessemer Trust sold a Palm Beach office building for $18.7 million to a mystery buyer. New York-based Bessemer, a private wealth management firm, sold the