South Florida Business Journal Forman Capital has provided $68 million of construction financing for River District 14, a 283-unit residential condominium project in Miami. Alta Developers of Miami is planning to break ground this month of the 16-story project, which ...
South Florida Business Journal Assurant has signed a lease for 78,000 square feet of office space at 701 Waterford Way in Miami. The Atlanta insurance company is leasing the space from a venture that includes TIAA, which was represented by ...
Commercial Observer Dezer Development has lined up an additional $25 million of financing for the construction of the Bentley Residences, a 216-unit residential condominium complex in Sunny Isles Beach, Fla. The added financing, a so-called "accordion feature" provided by City ...
Most apartment properties in Miami, Phoenix and Las Vegas that were financed with short-term loans in 2021 and 2022 are generating cash flows that are below underwritten levels. In fact, 76 of the 86 loans against properties in those cities ...
South Florida Business Journal An affiliate of JDS Development Group has bought 888 Brickell St., a 115,000-square-foot office building in Miami's Brickell Financial District, for $61.23 million, or about $532.43/sf. The New York developer purchased the nine-story property from Alphatur ...
Nationwide has provided $100 million of financing against a portfolio of industrial properties totaling 824,546 square feet in South Florida. JLL Capital Markets arranged the loan on behalf of the borrower, Seagis Property Group of Conshohocken, Pa. The loan pays ...
Commercial Observer Northwood Development has lined up $70.6 million of financing that it will use for the completion of the Domus Flats at Brickell Park, a short-term rental project currently under construction in Miami. Financing consists of $54.16 million from ...
South Florida Business Journal Altman Cos. has proposed building Altis Grand Bay, a 336-unit apartment project in Miami's Biscayne Shores neighborhood. The developer, a unit of BBX Capital Corp. of Fort Lauderdale, Fla., wants to build the 12-story complex on ...
The seven-story building opened in 2018 and is fully leased to fashion school Istituto Marangoni Miami under a 30-year deal.
South Florida Business Journal Naftali Group has broken ground on the JEM Private Residences in Miami. The New York company is building the 67-story property on a 1.02-acre site at 1016 and 1044 NE Second Ave. It's being built as ...
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