Broward County Multifamily Sale Yields $61.5 Million Profit In Just 4 Years
HGI purchased the property in 2017 for $158.5 million and upon acquisition invested an additional $2.65 million in interior maintenance and upgrades.
Rilea Group Closes On Development Site In Wynwood For $22 Million As Location For 225-Unit Rental Community
Gridline Properties’ brokers Alfredo Riascos and Yonatan Missika represented Rilea Group in the off market transaction located at 56 NE 29th Street.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Miami Apartment Home Community Trades In $40.8 Million Off-Market Deal
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented the buyer, The Lynd Company in the purchase.
Aztec Group Secures 45 Million Non-Recourse Loan For Apartments In Lease-Up Subject To Ground Lease
Phase I of the project was completed in 2020 and experienced rapid leasing velocity through the pandemic and is currently 99% occupied. Phase II is under construction and scheduled for completion in 2022. Upon completion, the project will total 401 units.
Construction Commences For One Of Key West’s Largest Workforce Housing Projects In Over 50 Years
The project spans across nine waterfront acres.
Cushman & Wakefield Negotiates $24.5 Million Sale Of Waterfront Apartment Community In Miami Beach
C&W’s Calum Weaver, Garrett Pordes, Robert Given, Zach Sackley and Troy Ballard of Cushman & Wakefield represented the seller, Finvarb Group, in the transaction.
Cushman & Wakefield Senior Housing Completes Florida Portfolio Sale For $116M
The closing represents the last of three strategically planned majority skilled nursing property sales in Florida by Healthcare Trust, Inc.
Berkadia Arranges $25.39 Million Fractured Condo Sale And Financing In Pompano Beach
The sale price breaks down to $166,000 per door.
Four-Tower Mixed-Use Project Coming To Downtown Fort Lauderdale
The project will include 1,300 apartments, office and retail, and possibly a hotel.