JLL Completes Sale, Financing For Trophy Asset In Palm Beach County
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.
Avison Young Closes Court-Ordered $70.5M Sale Of Biscayne 85
The final sale price doubled the initial stalking horse bid, resulting in a significant victory on behalf of the victims.
Codina Partners Closes On $124M Loan, Becomes Sole Owner Of Downtown Doral Residential Complex
Codina Partners previously co-owned Tower One with Invesco, while solely owning Tower Two.
Miami Beach Property Sale Breaks Florida Record
The transaction marks the highest value attributed to a freestanding restaurant property in Florida’s history, showcasing the demand for irreplaceable assets in Miami’s exclusive South of Fifth neighborhood.
First State Bank Announces South Florida Expansion With Addition Of Experienced Commercial Lender
Joseph Hamam joins First State Bank with an extensive track record of success in commercial lending in the South Florida area helping businesses of all sizes secure the financing they need to grow and thrive.
Bridge Industrial, CPP Investments Form $789 Million Joint Venture
This partnership will allow Bridge and CPP Investments to target high-quality industrial properties in key markets, as retailers compete for faster shipping times despite increasingly limited space for new warehouse construction.
Mast Capital, Starwood Capital Group Secure $400 Million Construction Loan For Ultra-Luxury Condominium
Currently starting at just over $10 million, over 75% of residences are already sold.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Longpoint Partners Acquires Miami Industrial Property In Off-Market Deal
The 72,866-square-foot industrial property, strategically situated in South Florida’s thriving industrial market, presents a significant opportunity for Longpoint Partners to expand its portfolio in the region.
Cushman & Wakefield Arranges Sale Of Flex Building In Flagler Station
Cushman & Wakefield’s Miguel Alcivar, Stuart Gordon and Matthew Bittel along with Marcus & Millichap’s Derrick Dougherty represented the seller in the transaction.