Miami Office/Retail Buildings Fetch Submarket’s Highest Price PSF
The transactions include two retail and office buildings in South Miami.
The transactions include two retail and office buildings in South Miami.
The lease deals are an indication that the South Florida retail market is bouncing back faster than expected from the dark days of the pandemic, according to the landlord.
Here are the most popular news headlines this past week on CRE-sources.
Developed by RedSky Capital, LLC, the property is an 8-story building with approximately 100,000 square feet of office and retail with a verdant rooftop terrace.
Tricera Capital obtained $50.75 million in financing for the adaptive re-use project.
Here are the most popular news headlines this past week on CRE-sources.
Rigl is a senior director with Binswanger-Gateway Partnership in South Miami. Rigl has been serving commercial real estate since 1984. He is experienced in office, industrial, multifamily and land transactions.
Records show Colorado real estate investor and developer Mark Hunt is on the buyer’s side of the off-market sales.
The 882,000-square-foot project will include 646 rental apartments and 2,500 square feet of ground floor retail.
The developer plans to transform the shuttered Ramada Inn into a mixed-use community with 251 rental units and 5,500 square feet of retail.
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