Marcus & Millichap Brokers Record-Setting Cap Rate Sale
Jonathan De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property.
Development Site In Miami’s Art & Entertainment District Sells
The site is currently zoned for T6-24A-0, which will allow for a building up to a height of 48 stories. The site is also located within a federally designated Opportunity Zone.
MG Developer Breaks Ground On Its First Luxury Residential Tower In Hialeah
Metro Parc will be a 3.26-acre project that will consist of two, mixed-use tower buildings that will feature 560-units of rental apartments comprised of studios, one-bedroom/one bath, and two bedroom/ two bath ranging from 500 square feet to 1000 square feet.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
1.9 MSF Residential Mixed-Use Project Planned For Blue Lagoon
The project is slated to include 1,333 residential units, 41,438 square feet of commercial-retail uses and parking for up to 2,589 vehicles, and have 108 bike racks.
Scarpino Commercial Brings The Balanced Company’s HQ To West Palm Beach With 29,000-SF Lease
This is the company’s first entry into the US marketplace.
Berkadia Secures $18.25 Million Loan For Acquisition Of SunTrust Parking Garage In Downtown Miami
Sageblan Investments acquired the SunTrust Parking Garage which is entitled for up to 800 residential units, 120 hotel keys, and 7,205 square feet of retail space
Longtime Rialto And Lennar Veteran Matt Papunen Joins Miami Real Estate Investment And Advisory Firm As Principal
He was involved with the acquisition, financing, management, and disposition of more than $25 billion worth of assets.
Avison Young Closes Sale Of Single-Tenant, NNN Lease Industrial Building In Sunrise
The building sits on five acres in Sawgrass International Corporate Park.
Prime Retail Center In Doral Hits the Market
The property is located directly across from the largest undeveloped parcel of land in Doral, a 175-acre site recently put under purchase contract by Bridge Industrial.