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Tag: Shopping Centers

Whitman family lands mammoth 0M refi, construction loan for Bal Harbour Shops expansion
Business

Whitman family lands mammoth $740M refi, construction loan for Bal Harbour Shops expansion

December 19, 2024December 19, 2024

Bal Harbour Shops’ owner landed a $740 million loan for the high-end retail center, marking  continued lending in South Florida.  New York-based investment behemoth Blackstone

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University of Miami beefs up commercial portfolio with M Allapattah purchase
Business

University of Miami beefs up commercial portfolio with $68M Allapattah purchase

December 5, 2024December 5, 2024

The University of Miami expanded its real estate portfolio near its Allapattah medical school campus, picking up three commercial properties for a combined $68 million. 

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IMC Equity bags Miami shopping center for M –– 33% less than last sale price over a decade ago
Business

IMC Equity bags Miami shopping center for $62M –– 33% less than last sale price over a decade ago

November 26, 2024November 26, 2024

IMC Equity Group bagged a retail center in Miami for $62 million, marking a 32.6 percent discount off its purchase price over a decade ago. 

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South Florida retail king Ranaan Katz picks up Miramar shopping center for M
Business

South Florida retail king Ranaan Katz picks up Miramar shopping center for $42M

November 19, 2024November 19, 2024

An investors’ buying spree for South Florida shopping centers wouldn’t be complete without retail king Ranaan Katz getting in on the action.  An affiliate of

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Buying spree for grocery-anchored shopping centers propel South Florida’s retail market in third quarter
Business

Buying spree for grocery-anchored shopping centers propel South Florida’s retail market in third quarter

November 14, 2024November 14, 2024

South Florida’s retail market is in the midst of a buying spree for grocery-anchored shopping centers, buoyed by low single-digit vacancy rates and healthy asking

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Cayon, Easton ring up M Walmart-anchored shopping center purchase in Homestead
Business

Cayon, Easton ring up $17M Walmart-anchored shopping center purchase in Homestead

October 25, 2024October 25, 2024

Cayon Development Group and Easton Group are joining the wave of buyers snatching up South Florida shopping centers, paying $16.8 million for a Homestead retail

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Site Centers offloads another South Florida retail property, selling Boynton Beach shopping center for M
Business

Site Centers offloads another South Florida retail property, selling Boynton Beach shopping center for $31M

October 8, 2024October 8, 2024

Less than a month after selling a Midtown Miami building anchored by Target, Site Centers offloaded a Boynton Beach shopping center. An affiliate of Beachwood,

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Javier Cervera bulks up retail portfolio with M Kendall shopping center purchase
Business

Javier Cervera bulks up retail portfolio with $18M Kendall shopping center purchase

October 3, 2024October 3, 2024

Javier Cervera now has a dozen retail buildings and shopping centers in his Miami-Dade commercial portfolio, after paying $18.2 million for a Kendall shopping center

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Javier Cervera bulks up retail portfolio with M Kendall shopping center purchase
Business

Javier Cervera bulks up retail portfolio with $18M Kendall shopping center purchase

October 3, 2024October 3, 2024

Javier Cervera now has a dozen retail buildings and shopping centers in his Miami-Dade commercial portfolio, after paying $18.2 million for a Kendall shopping center

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South Miami grants initial approval to Sunset Place development agreement
Business

South Miami grants initial approval to Sunset Place development agreement

October 3, 2024October 3, 2024

South Miami commissioners unanimously approved a development agreement with Alex Vadia’s firm for the Shops at Sunset Place mixed-use project, the largest redevelopment planned in

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