Newmark Facilitates Off-Market Sale Of 191K SF Industrial Property
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
In addition to leasing and marketing the project on behalf of the landlord, Berger Commercial Realty facilitated the sale of the land to Bridge Industrial for development in 2019.
Black Lion President Robert Rivani has plans to invest an additional $50 million to reimagine the property into ‘Class X’ – an innovative concept that aims to redefine luxury and service standards in the office industry.
Setting a new record for a single tower, residential construction loan at $600 million, Mast Capital continues to redefine boundaries with their 80-story Cipriani-branded condominium development, slated to break ground on Tuesday.
The office is launching with seven to ten attorneys plus a support team. The firm has nearly 30 lawyers across its three locations, which include Manhattan, New York; Palm Beach, Florida and Miami offices.
Prior to joining Colliers, he served as Senior Managing Director and Caribbean Market Leader at Newmark as well as Executive Vice President at CBRE.
The lease deal marks the company’s fifth location in Miami, its seventh in the county and 11th in the state.
Stream’s first Florida office opened in January of this year in Fort Lauderdale, led by Greg Katz, who came to the firm from Newmark together with four team members.
The transaction would set a record if the purchase closes at this price.
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