Senior Managing Director Mitch Sinberg, Managing Directors Matt Robbins, Brad Williamson and Scott Wadler, and Vice President Hugo Hernandez of Berkadia Miami arranged the financing on behalf of Rental Asset Management, a property management company based in Oakland Park, which acquired the property for $31.1 million.
501 First Residences, located on NE First Avenue, will deliver 448 luxury condos to downtown Miami.
Knotel, a flexible workspace platform founded in 2015 in New York, is slated to occupy the entire 46,072-square-foot property.
Pulso Capital purchased the property for $551,282 per unit.
Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.
Sageblan Investments acquired the SunTrust Parking Garage which is entitled for up to 800 residential units, 120 hotel keys, and 7,205 square feet of retail space
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