Marcus & Millichap Completes $47 Million Retail Portfolio Sale

M&M’s Drew A. Kristol and Kirk D. Olson had the exclusive listing to market the portfolio on behalf of the seller, a private Miami Beach-based ownership group. Olson and Kristol also procured the buyer, a private investment group based in Brooklyn, New York.

Shhh… A New Speakeasy Lands On Brickell Avenue

Slated to open at the end of summer 2022, guests will enter the genuine prohibition-era themed experience after securing a secret code and dialing it into a restored antique London-style red phone booth at the entrance.

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Stiles-Managed Properties In Miami And Palm Beach Win Outstanding Building of the Year Awards

The TOBY Awards are the most prestigious and coveted awards of their kind in the commercial real estate industry. The awards recognize superiority in office and industrial buildings and reward excellence in building management.

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CRE-sources’ Top 5 Most Popular Stories This Week

Here are the most popular news headlines this past week on CRE-sources.

Joint Venture To Develop $500M Transit Village Mixed-Use Project In Downtown West Palm Beach

The project is expected to cost over $500 million to develop.

Berkadia Arranges $133M Sale Of New Multifamily Community In Miramar

LUMA at Miramar was built in 2019 and stabilized in Q1 2020, with occupancy remaining at or above 90 percent throughout 2020 and 2021. The property was fully occupied at the time of sale.

Berger Commercial Realty’s Keith Graves, CCIM Negotiates 12,000-SF Lease Renewal For YMCA

“This was a mutually beneficial transaction, and we are all thrilled that YMCA’s corporate office will maintain it’s presence in Downtown Fort Lauderdale.”

Colliers Secures Financing For New Mixed-Use Residential Project In Pompano Beach

The project’s sponsors consist of a seasoned development team that has been active in South Florida for decades.

DWNTWN Realty Advisors Closes Sale Of Prime Property In Miami’s MiMo District

The 17,325-square-foot site sold for $1.88 million to a company that plans to construct a new corporate headquarters and sales center at the site.

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.