Completed in 1986; is 98% leased, with below-market rents of $28.27/sf.
October 29, 2002 Arbor Commercial Mortgage LLC has funded an $18.9 million bridge loan for the Vermillion Apartments, a 330-unit complex in Miami Lakes, Fla.The loan, which was originated by Arbor's structured finance group at its Uniondale, N.Y., headquarters. The ...
October 28, 2002 Taubman Centers Inc. (NYSE:TCO) has acquired Swerdlow Real Estate Group's 50 percent interest in Miami's Dolphin Mall for $97 million. It now owns the 1.3 million-square-foot mall in its entirety.Because Taubman is also assuming Swerdlow's share of ...
October 10, 2002 Flagler Development, a subsidiary of Florida East Coast Industries (NYSE:FLA), has sold a 300,000-square-foot building at Beacon Station in Miami for $18.2 million to a tenant, who had an option to buy the property.Beacon Station encompasses 30 ...
October 8, 2002 Gulfside Development has purchased a former auto dealership in Miami for $22 million and plans to begin construction of a mixed-use complex with residential condominiums and retail space. The 7.5-acre site is bordered by North Kendall Drive, ...
October 4, 2002A partnership led by Edwards Day Investments and the Peabody Global Real Estate Fund, which is sponsored by J.P. Morgan/The O'Connor Group, has purchased the Alhambra Plaza and Alhambra West office buildings in Coral Gables, Fla.The venture funded ...
deal is for 50% stake (Taibman already owns other half); built in 2001
October 1, 2002 Commercial Real Estate Direct Staff ReportA Miami investment group, Group Pacific, has paid about $24 million, or $150/sf, for the Aventura Corporate Center just north of MiamiThe property, 2801 Biscayne Boulevard, contains 160,000 square feet. It was ...
The five-year fixed-rate mortgage completes a recapitalization of the 782,211-sf office building. Crescent Real Estate has also sold a 60 percent stake in the property to a J.P. Morgan affiliate. Jones Lang LaSalle advised on both the financing and sale.
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