CBRE Capital Markets Arranges $36.6M Refi for Miami Multifamily

Fairway View Associates LTD and Palmetto Place Associates LTD secured a $ 36.6 million refinance loan for its Fairway View and Palmetto Place multifamily communities in Miami, Florida. The loan, from Principal Real Estate Investors LLC, boasts a favorable interest rate with 50% loan-t
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Law Firms Renew, Expand 40,000 SF at Miami Tower

Miami Tower has secured 40,519 square feet of lease renewals and expansions to legal tenants within the class A high-rise office building located at 100 SE 2nd St. in Miami, FL. Boies Schiller & Flexner LLP, a national law firm with more than 230 litigation lawyers practicing acr
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Miami Herald Finalizes 158,000-SF Lease in Doral

The Miami Herald Media Company has agreed to terms to relocate to a 158,265-square-foot office building in Doral, FL. The building, at 3511 NW 91st Ave. in Miami, will be renamed One Herald Plaza at Westpointe Business Park. The company has also acquired an adjacent six-acre pad site
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Hersha Hospitality Buys Courtyard Miami for $95M

Hersha Hospitality Trust purchased the Courtyard Miami Beach Oceanfront Hotel at 3925 Collins Ave. in Miami Beach, FL for $ 95 million, or about $ 361,000 per key, from Economos Properties. The hotel totals 156,000 square feet in the Miami Beach submarket of Miami/Dade County. The 13-
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Art Basel Miami Beach Becomes $500 Million Economic Stimulus Package for Local Economy

Pablo Picasso picture at ART BASEL Miami (2011) (MIAMI BEACH, FL) — As the world’s art aficionados, celebrities and super wealthy converge on the shores of South Beach this week to celebrate the tenth anniversary of Art Basel Miami Beach, the real celebrating should be don
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BB&T Accelerates Expansion in Miami

BankAtlantic Bancorp Inc. agreed to sell its wholly owned subsidiary, BankAtlantic in Fort Lauderdale, to BB&T Corp. in Winston-Salem, NC. In acquiring BankAtlantic, BB&T will acquire approximately $ 2.1 billion in loans and assume approximately $ 3.3 billion in deposits. BB
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Genting Unveils $3 Billion Master Plan for Resorts World Miami

The Genting Group released development plans for its recent acquisition of prized waterfront land. Resorts World Miami will be a destination resort featuring iconic skyscrapers inspired by a coral reef. When finished the project will be the centerpiece of a new three-mile Baywalk and
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University Plaza Properties Buys Miami Land

University Plaza Properties, Inc. acquired 0.97 acres on NW 18th Ter. in Miami, FL, where it plans to build a 140-bed, four-story, 80,000-square-foot nursing home. The project is scheduled to break ground later this month. Palms-Jackson LC sold the vacant land for $ 4.74 million. The
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PH Cellular Buys Miami Warehouse for $2.55M

PH Cellular, Inc. acquired the Doral Building at 9590 NW 25th Street in Miami from Michelsen Advertising for $ 2.55 million, or $ 102 per square foot. The two-story, 25,000-square-foot warehouse building was built in 1986 in the Miami Airport West Industrial submarket. It is part of t
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Miami Warehouse Sells for $3.9 Million

Galei Opa LLC acquired the warehouse at 5701 – 5703 NW 35th Ave. in Miami from Solomon-Kalback North Bldg LLC for $ 3.9 million, almost $ 32 per square foot. Galei Opa is a local company that plans to relocate its manufacturing operation to the site. This property includes two i
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