City: Miami Beach
Service Properties Pays $165.4Mln for Nautilus Hotel in Miami
Service Properties Trust has paid $165.4 million, or $661,600/room, for the 250-room Nautilus by Arlo Hotel in Miami Beach, Fla. The Newton, Mass., REIT, formerly Hospitality Properties Trust, purchased the property from Quadrum Miami Beach LLC, an affiliate of London ...
Plans Revised for Oceanfront Hotel in Miami Beach, Fla.
South Florida Business Journal Urbanica has submitted a revised plan for an oceanfront hotel project in Miami Beach, Fla. The proposal will be brought before the city's Historic Preservation Board on May 9. Plans for the nearly one-acre development site, ...
Venture Lines Up $277.2Mln of Financing for Hotel-Condo Project in Miami Beach, Fla.
South Florida Business Journal A venture of Oko Group and Access Industries has lined up $277.2 million of financing for the construction of the Aman Hotel & Residences hotel-condominium project in Miami Beach, Fla. Bank OZK provided the financing. The ...
Venture Gets $64.3Mln Loan for Miami Beach Apartment Project
South Florida Business Journal PNC Bank has provided $64.3 million of construction financing for a 176-unit apartment property in Miami Beach, Fla. A venture of Mast Capital and Rockpoint Group is breaking ground soon the complex, which is being built ...
AIR Spends Big on 2 South Fla. Apartment Properties
South Florida Business Journal Apartment Income REIT Corp. has paid $298 million, or about $602,020/unit, for Southgate Towers, a 495-unit property in Miami Beach, Fla. The Denver multifamily REIT, also known as AIR, acquired the 14-story complex from Gumenick Properties ...
Continuum Co. Proposes 201-Unit Condo Project Near Miami Beach, Fla.
South Florida Business Journal Continuum Co. has proposed building a 201-unit condominium project in North Bay Village, Fla., about seven miles north of Miami Beach, Fla. The 30-story property is being planned for a 1.34-acre parking lot site at 1755 ...
Macy’s Store in Miami Beach Fetches $15.5Mln
South Florida Business Journal An affiliate of Finvarb Group has bought the 102,009-square-foot Macy's store in Miami Beach, Fla., for $15.5 million, or about $151.95/sf. A company managed by Terry Emanuel of San Antonio sold the retail building, which sits ...
$35.5Mln of Construction Financing Lined Up for Miami Beach Condos
South Florida Business Journal A fund managed by the Boymelgreen family has lined up $35.5 million of construction financing for the development of the 42 Pine condominium project in Miami Beach, Fla. The New York family is building the 50-unit ...
Vornado Loses Miami Beach Retail Building
South Florida Business Journal BH Properties has taken title to a 27,000-square-foot retail building at 1100 Lincoln Road in Miami Beach, Fla., from Vornado Realty Trust. The property serves as collateral for $82.75 million of debt that went into default ...
8,896 square feet of retail condominium space on the ground floor of a Hampton Inn in Miami Beach, Fla.
An affiliate of Cove Capital Investments has bought 8,896 square feet of retail condominium space on the ground floor of a Hampton Inn in Miami Beach, Fla., for $17.73 million, or about $1,993/sf. The Torrance, Calif., company acquired the space ...
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