Commercial Observer Guggenheim Partners Investment Management has provided $113.6 million against the 288,000-square-foot Mayfair in the Grove mixed-use development in Coconut Grove, Fla. Whalou Properties Management, led by Palm Beach, Fla., investor Timo Kipp, owns the retail and office property ...
The venture had taken the property through foreclosure shortly after buying the $32.5 million mortgage against it. CGI Merchant Group was its previous owner. The building is fully leased to tenants.
South Florida Business Journal Azora Private has bought the 55,000-square-foot office building at 3480 Main Highway in Coconut Grove, Fla., for $61 million, or $1,109/sf. The local investment firm purchased the five-story property from a venture of Torose Equities of ...
South Florida Business Journal Azora Capital has paid $82 million, or $301/sf, for a pair of Coconut Grove, Fla., office buildings totaling 272,417 square feet. The Miami company purchased the properties from a venture of Madison Marquette of Washington, D.C., and ...
Berkadia Commercial Mortgage provided the buyer $52.32 million of Freddie Mac financing.
The hotel had been collateral for $42.5 million of debt.
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