Marcus & Millichap Brokers Sale Of Fort Pierce Multifamily Asset
River Rhoads, Daniel Cunningham, Evan Richardson, Dillon Majeski and Cory Sanchez of Marcus & Millichap exclusively marketed the property on behalf of the seller.
River Rhoads, Daniel Cunningham, Evan Richardson, Dillon Majeski and Cory Sanchez of Marcus & Millichap exclusively marketed the property on behalf of the seller.
Read on for the most popular news headlines this past week on CRE-sources.
Designed for discerning automobile enthusiasts, the project will feature a limited collection of 20 privately owned automotive studios that combine exceptional design, privacy, security, and hospitality within an exclusive membership-driven environment.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
A proposed redevelopment near Opa-locka City Hall could bring housing, retail, hospitality, education and community services to six publicly owned parcels, marking a major investment in the city’s downtown core. The overall development has been valued at approximately $532 million.
The site was acquired from Two Roads Development and Newgard Development Group.
The sale is one of the largest condominium-to-multifamily rental conversions in Florida.
The $32 million transaction closed quickly as an all-cash 1031 exchange acquisition, trading at a record price per unit for the submarket and a cap rate below 5 percent.
The Cove will rise on the site of a former hotel property, delivering 376 residential units in an eight-story building with structured parking.
Read on for the most popular news headlines this past week on CRE-sources.
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