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MG, Vertical launch condo sales for Alhambra Parc in Coral Gables
Business

MG, Vertical launch condo sales for Alhambra Parc in Coral Gables

February 10, 2025February 10, 2025

MG Developer and Vertical Developments are launching sales for their planned Coral Gables project, Alhambra Parc. The 78-unit condominium is planned for 33 Alhambra Circle,

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Baron buys out MG Developer’s interest in two South Florida projects
Business

Baron buys out MG Developer’s interest in two South Florida projects

December 31, 2024December 31, 2024

Baron Property Group has taken full control of two apartment projects in Hialeah and near Coral Gables after buying out its partner, MG Developer.  “We

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Here are South Florida’s biggest hotel sales of 2024
Business

Here are South Florida’s biggest hotel sales of 2024

December 18, 2024December 18, 2024

The top 10 South Florida hotel sales of the past year featured some of the biggest institutional names in real estate taking over a handful

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MG Developer’s pipeline grows after landing M for Coral Gables condo project
Business

MG Developer’s pipeline grows after landing $15M for Coral Gables condo project

October 14, 2024October 14, 2024

MG Developer nabbed a $14.5 million loan for pre-development costs associated with a planned Coral Gables boutique condominium project. Three New Tork-based lenders, H Equities,

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MG Developer, Prosper pay M for North Bay Village condo dev site 
Business

MG Developer, Prosper pay $31M for North Bay Village condo dev site 

October 9, 2024October 9, 2024

MG Developer teamed up with Prosper Group to acquire a waterfront condo development site in North Bay Village for $30.9 million, The Real Deal has

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MG Developer taps Serhant to lead sales of Coral Gables townhomes
Business

MG Developer taps Serhant to lead sales of Coral Gables townhomes

September 17, 2024September 17, 2024

Alirio Torrealba’s MG Developer is launching sales of the final phase of its Biltmore Square development in Coral Gables.  The Coral Gables-based firm hired Serhant

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MG Developer expands into hospitality after buying Miami hotel for M
Business

MG Developer expands into hospitality after buying Miami hotel for $36M

September 6, 2024September 6, 2024

MG Developer is entering the hospitality sector after paying $36 million for a hotel near Miami International Airport. Coral Gables-based MG, led by Alirio Torrealba

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MG Developer Proposes Multifamily Undertaking in Princeton
Business

MG Developer Proposes Multifamily Undertaking in Princeton

February 15, 2024February 16, 2024

MG Developer proposes a 258-unit multifamily developing in Princeton, marking the firm’s first bet on south Miami-Dade County.  MG has the 2-acre development web-site at

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MG Developer Buys Hialeah Dev Internet sites for Metro Parc South
Business

MG Developer Buys Hialeah Dev Internet sites for Metro Parc South

January 24, 2024January 24, 2024

MG Developer accomplished the assemblage for its prepared Metro Parc South multifamily job in Hialeah.  The company compensated $16.3 million in 3 promotions for 1.8

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