Miami Herbert has partnered with Project Destined to award two full scholarships funded in part by its Real Estate Advisory Board to Project Destined students, an effort spearheaded by Manny de Zarraga, Executive Managing Director, Investment Sales Advisory Platform Leader with JLL; Malcolm Butters, CEO of Butters; and Jackie Mansfield, principal developer at Tricap.
Reese Stigliano, President of Stigliano Commercial Real Estate, represented the sellers, Neill Farms FP, LLC.
HGI purchased the property in 2017 for $158.5 million and upon acquisition invested an additional $2.65 million in interior maintenance and upgrades.
Gridline Properties’ brokers Alfredo Riascos and Yonatan Missika represented Rilea Group in the off market transaction located at 56 NE 29th Street.
The 97-key boutique hotel marks the most recent acquisition for the group as part of its plans to acquire $300 million in hospitality assets across the U.S.
The deal is an expansion for Cano Health, who previously occupied 29,834 square feet at the park.
Avison Young’s Florida Capital Markets Group negotiated the sales.
The State Attorney’s Office will be relocating from Civic Park Plaza.
Built on 2.6 acres, the new 7,800-square foot facility is nearly 6.5 times larger than the 950-square foot space it has maintained since opening in 1992. The center will house recuperating animals and provide education, with a rooftop terrace to host events and workshops.
The report further highlights need for more industrially designated land in the southern portion of Miami-Dade County in order to properly service residents in today’s e-commerce economy.