PEBB Enterprises and joint venture partner Banyan Development closed another major office acquisition in the companies’ home base of Boca Raton. The venture paid $37.5 million for a long-term ground leasehold interest position in the Research Park at Florida Atlantic University®, consisting of a portfolio of seven multi-tenant office buildings totaling 308,305 SF.
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Lotus House Woman's Shelter Reveals Children's Village In Miami's Overtown Neighborhood
Sixteen years after its founding, the nation’s largest women’s shelter is embarking on an ambitious expansion plan that will extend its reach deeper into the Miami community to better serve children and youth. Lotus House, a nonprofit shelter in Miami’s historic Overtown district, is growing its suite of supportive services with the creation of a “Children’s Village”.
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Limestone Acquires PLANTA Property In Miami Beach's Ritzy South-Of-Fifth For $12 Million
Miami-based Limestone Asset Management has acquired the flagship South-of-Fifth property which is home to PLANTA in Miami Beach for $12 million. The 7,835 SF building was completed in 2018 as the first built-to-suit and the first PLANTA in the state of Florida and sits on a 9,148-square-foot (0.21-acre) lot. The property is located at 850 Commerce Street, Miami Beach.
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Image via Kris Tamburello Studios
Major Food Group Opens Dirty French Steakhouse In Brickell
Major Food Group (MFG), the globally acclaimed hospitality brand that has taken Miami’s restaurant scene by storm, has opened its first-ever project in Brickell, Dirty French Steakhouse, a glamorous, energetic, and extraordinary interpretation of the classic steakhouse. Located at 1200 Brickell Avenue, the restaurant welcomes guests beginning April 29th.
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Merrick Manor Sells Out Commercial Spaces With Sales Of Prime Ground-Floor Retail Suite
Merrick Manor continues to generate strong interest from investors seeking Class A commercial real estate in Coral Gables. The luxury mixed-use building developed by the Henry Torres-led Astor Companies, has sold out the commercial spaces following the $5.44 million sale of several retail condominiums, including two units occupied by popular fitness studio Sweat 440.
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Okan Tower Unveils Loft Penthouse Collection As Development Nears Groundbreaking In Downtown Miami
Okan Tower, which is set to become one of the tallest towers in Downtown Miami, has unveiled its exclusive Loft Penthouse Collection. Rising 902’ in the air, the 70-story project’s highly-anticipated Loft Penthouse Collection consists of 14 impressive residences soaring above downtown Miami at the building’s peak.
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Aon Insurance Company Relocates to New 20K SF Space in Brickell
Cushman & Wakefield has announced that the commercial real estate services firm has arranged a new long-term office lease of approximately 20,000 square feet at 701 Brickell for Aon Insurance Company. The company will occupy the 32nd floor of the office building, which is located in Miami's Brickell financial and tech neighborhood.
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West Palm Beach Condo Development Alba Palm Beach Locks Down $82 Million Construction Loan
Private real estate lender Trez Capital funded an $82 million loan to build Alba Palm Beach, a luxurious waterfront condominium project that will soon rise in West Palm Beach, Florida. The new development is located directly on the west bank of the Intracoastal Waterway in the emerging Northwood neighborhood.
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Florida East Coast Realty Sells Brickell Waterfront Development Site For Record $363 Million In Mega-Deal
Florida East Coast Realty has sold a 2.5 acre prime waterfront development site in Brickell in a mega-deal for a record $363 million. The transaction breaks the previous record set when the former Miami Herald site in Downtown Miami sold for $236 million. The buyer paid roughly $145 million per acre, $3,340 PSF dirt value, for the site which is located at 1201 Brickell Bay Drive.
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Eyzenberg & Co. Structures $73.35 Million Construction Loan For Downtown St. Petersburg Condo Development
Eyzenberg & Company has arranged a stretch-senior construction loan to finance the development of Reflections Condominiums, a 17-story condominium tower on Mirror Lake in St. Petersburg, Florida. The New York-headquartered commercial real estate investment banking firm was retained in 2021 as the exclusive financial advisor for the development of the 326,468 SF building.
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