Through the fund, Highline will pursue value-add and distressed office, retail, multifamily and industrial acquisition opportunities in the form of direct investments, joint ventures and rescue capital provided to existing property owners.
The seller was represented by Blanca CRE’s Andres del Corral. Luisa Nichols of Keller Williams Capital represented the buyer.
Cresa Miami Managing Principal Jeff Hartsook represented Next Level Aviation in the lease negotiations. Matt Jones with Levy Realty Advisors.
The duo brings vast experience in raising capital, property acquisitions, lease negotiations, tenant improvements, permitting and much more.
Here are the most popular news headlines this past week on CRE-sources.
Colliers Vice Chair Stephen Rutchik, Vice President Tom Farmer, and Associate Vice President Tyler de la Peña represented the landlord, CGI Merchant Group, negotiating four new leases totaling 12,882 square feet.
The developer said the office floor plates would range from 19,000 to 27,000 square feet and the project would include retail space on the ground floor and about 1,000 parking spaces.
The 125,000-square-foot mixed-use community is slated for completion the first quarter of 2025.
The portfolio totals 65,000 square feet.
Blanca CRE Executive Vice President Cary Cohen represented the seller in the transaction.