Keyes Commercial Real Estate
Wells Fargo lends $46M for Downtown Doral condo tower
Codina Partners secured a $46.13 million construction loan from Wells Fargo Bank for its second condo tower in its Downtown Doral project. The bank (NYSE: WFC) provided the mortgage to Parcel C1 Property, an affiliate of the Coral Gables-based developer, to build 5300 Paseo near 8500 N.W. 52nd Street.
Whole Foods is back on the menu for Miami Beach
After facing stiff resistance for its plans to open a new Whole Foods on Alton Road, developer Crescent Heights has reportedly returned with a fresh design by architect Chad…
Big Week For FPL In Miami as Public Hearings for New Nuke Reactors Take Place
Sleeping Around: Miami Beach’s current hotel construction…
Miami Beach’s current hotel construction craze is old news. Another hotel building boom has come to Broward County, where major new projects like the Margaritaville Beach Resort, and the Melia, both in Hollywood, and the Gale, and Four Seasons, in Fort Lauderdale Beach, are underway. According to…
Avra Jain buys Miami River Inn for $8.6M
Historic mixed-used building in downtown West Palm for sale
An historic mixed-use property in the heart of downtown West Palm Beach’s entertainment and nightlife neighborhood has been listed for sale, owner Jason Weisman told The Real Deal. Clematis@Olive, at 219 to 225 Clematis Street, totals 47,857 square…
Boca Raton office towers trade for nearly $24M, seller takes a loss
A pair of office towers in Boca Raton recently sold for $23.75 million, almost $2 million below what their owner paid for them nine years ago. The Glades Twin Plaza office complex, at 2300 Glades Road, has two 50,000-square-foot buildings that are…
Investors sue American Realty for alleged “hidden scheme”
From the New York website: Investors in American Realty Capital Properties are accusing ex-chair Nicholas Schorsch of perpetrating a scheme that generated more than $900 million in managers’ fee and bonuses.
In a new class-action lawsuit, these investors say that…
Codina Partners lands $46M loan for Downtown Doral tower
Downtown Doral received a $46 million loan for one of its residential projects, 5300 Paseo, Miami-Dade County records show. Wells Fargo granted the mortgage to Parcel C1 Property, a company affiliated with Codina Partners, for the site at 5300 Northwest 85th Avenue. The 219-unit build…
What’s Really Driving Miami’s Multifamily Market?
GlobeSt.com caught up with Jeronimo Hirschfield, CEO of developer One Real Estate, to get his take on Miami multifamily drivers and opportunities in part one of this exclusive interview…
Buyers Have Closed On 44 Units At Nine At Mary Brickell Village In The Past Three Weeks
Closings are now underway at Nine at Mary Brickell Village. County records show that 44 units have been closed on since March 26, when they began. In total, the project includes 390 units. The developers of the 35-story project, Lynd and Starwood Capital, had originally planned it as a rental tower called EnV…
Paramount Miami Worldcenter is Already 30% Sold Out
Condo sales at Paramount Miami Worldcenter have not even officially launched, and approximately 140 units have already been reserved out of the 473 standard units in the building (in addition to the 473 standard units, Paramount will also include 12 Balinese-style villas and 28 flat and duplex penthouses to be released…
West Palm Beach marina plans mega-expansion
West Palm Beach soon could get more dock space for mega-yachts. Palm Harbor Marina plans to build an expansion worth “millions,” the Sun Sentinel reports. The project, led by Leisure Resorts, would add about 1,000 feet of dockage that could hold six yachts 160 feet or longer.