$87.7M Financing Secured For Seagis Miami-Dade County Industrial Portfolio
The portfolio consists of seven fully leased industrial properties totalling 787,728 square feet.
North Miami Beach Mixed-Use Development Secures New Retail Tenants, Bringing Occupancy To 60% Ahead Of Q2 Delivery
The eight-story development features 373 luxury rental units and 17,000 square feet of prime ground floor commercial space plus 9,000 square feet of exterior covered retail terrace space.
Terra, Turnberry To Begin Construction Of Grand Hyatt Miami Beach With $392 Million In Financing
The 800-room hotel will be the anchor of Miami Beach’s Convention Center District with new luxury accommodations and public spaces, improved connectivity, and infrastructure and resiliency upgrades.
CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
Miami’s Terra, Fortune Form JV, Acquire Key Biscayne Property For Record $205M
The acquisition marks the highest land sale in Key Biscayne’s history.
Cushman & Wakefield Arranges $22.3M Sale Of Floor & Decor Showroom/Warehouse Facility In Coral Springs
Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, and Greg Miller of Cushman & Wakefield represented the seller, Midtown Group, in the transaction. The building was acquired by NorthBridge. Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process.
City National Bank of Florida Inks 145,000 SF Deal For New HQ
The bank plans to grow its workforce by 20% over the next year and a half, and the new location will help consolidate its staff currently spread across Downtown Miami, the Brickell Financial District, and its Coral Gables office.
KW Property Management & Consulting Announces Significant Leadership Moves As Company Continues Expansion
One of the fastest-growing property management companies in the U.S., KWPMC manages more than 100,000 units and employs more than 2,900 team members. Recently, KWPMC was listed among the top 20 largest employers in South Florida.
Blanca CRE Brings The Plaza Coral Gables To 100% Leased
The Plaza Coral Gables spans seven acres and features approximately 455,008 square feet of Class A office space across two towers.
Cushman & Wakefield Adds Executive Managing Director To Equity, Debt & Structured Finance Group
He will be based in the Miami office and will provide capital markets and structured finance advisory to clients across South Florida and beyond.