non-advertiser
As the only hotel connected to the Miami Beach Convention Center, the 800-room hotel will dramatically increase the City’s ability to attract major national and international convenings.
Cushman & Wakefield’s Mark Gilbert, Adam Feinstein and Mitchell Halpern will lead marketing for the 563,000-square-foot retail center.
The JV completed the 71,000-square-foot retail project in 2024 and generated substantial leasing activity before the sale.
The project will deliver 14 studios, 35 one-bedroom units and 6 two-bedroom units.
The transaction included both a deed-in-lieu-of-foreclosure and a conventional sale supported by new financing.
The sale price breaks down to approximately $309 per square foot.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.
The company intends to invest an additional $10 million into refurbishing the property.
The development includes a new 12,210-square-foot campus for Barry University’s College of Nursing and Health Services.
One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
