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Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction

Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction

Based on its mixed-use/pedestrian-friendly character, coupled with focus on sustainable design and construction, Rilea Group’s 1450 Brickell office tower was named ‘Project of the Year’ by Urban Land Institute’s SE Florida/Caribbean District Council.…

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$58M Financing in Place for Boca Raton Mixed-Use Project

$58M Financing in Place for Boca Raton Mixed-Use Project

According to an official announcement, HC Real Estate Capital has arranged $58 million in financing for Boca Raton’s Royal Palm Place and Plaza. Financing was arranged through a Life Company relationship, and the seven-year loan is interest-only at a competitive fixed interest rate. The project will replace a maturing facility…

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Developers Announce New Pompano Beach Distribution Center

Developers Announce New Pompano Beach Distribution Center

By Georgiana Mihaila, Associate Editor Pompano Beach will soon house a new distribution center, as Weeks Robinson Properties and Jeremy Shapiro of Miami-based Mainstream Investment Realty have unveiled their Class A speculative industrial project at 3901 NE 12th Ave. To be set in the heart of Broward County’s Pompano Beach…

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Benihana to Sell 13 Restaurants for $47M; BMI Refinances Town Center One

Benihana to Sell 13 Restaurants for $47M; BMI Refinances Town Center One

Miami-based Japanese restaurant chain Benihana held the headlines this week after signing a deal with Cole Real Estate Investments to sell 13 of its locations for $47.4 million. Benihana, which plans on leasing back the properties, made the announcement in its public filling earlier this week but has yet to…

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Brookdale Affiliate Buys Four-Building Office Portfolio in Sunrise

Brookdale Affiliate Buys Four-Building Office Portfolio in Sunrise

An affiliate of the sixth investment fund of The Brookdale Group recently purchased an office portfolio consisting of four Class A buildings totaling 344,260 square feet in Sunrise, Fla.…

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Miami Center Trades Owners; Crocker Pays $262M for Trophy Tower

Miami Center Trades Owners; Crocker Pays $262M for Trophy Tower

Miami’s best-known office address, 201 South Biscayne Drive—where the Miami Center stands—has just traded for $262.5 million in what the Wall Street Journal calls the deal of the week. Boca Raton-based Crocker Partners purchased the 35-story building from Sumitomo Corp. of America, a unit of the Japanese global trading firm…

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With 90 Percent of Units Sold, BrickellHouse Goes Vertical

With 90 Percent of Units Sold, BrickellHouse Goes Vertical

July 18th marked the construction start for one of Downtown Miami/Brickell’s first luxury residential developments since the 2008-09 economic downturn—the 48-story BrickellHouse condominium development.…

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Miami Beach Lincoln Center Sells for a Surprising $132M

Miami Beach Lincoln Center Sells for a Surprising $132M

The 127,000-square-foot Lincoln Center can pride itself with new owners, as VCP Lincoln Road—an affiliate of New York-based REIT Vornado—recently purchased the property for a reported $132 million.…

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Groundbreaking Ceremony Held for Swire’s Brickell CitiCentre

Groundbreaking Ceremony Held for Swire’s Brickell CitiCentre

The long-awaited, large-scale, mixed-use Brickell CitiCentre development is finally underway, as developer Swire Properties broke ground on the project on June 28—with the company's chief executive Martin Cubbon hosting the ceremony.…

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Dizengoff Sells Bulk Portfolio for $25.4M; Breakers Capital Buys West Palm Beach Building

Dizengoff Sells Bulk Portfolio for $25.4M; Breakers Capital Buys West Palm Beach Building

The real estate arm of Dizengoff-Trading Group has sold its South Florida bulk portfolio for $25.4 million, reports CoStar. The portfolio, comprised of two properties—Portofino at Jensen Beach and Courtney Park in Lake Worth, consists of 283 condo units overall.…

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Trump Studio City May Rise in South Miami-Dade

Trump Studio City May Rise in South Miami-Dade

South Miami-Dade could be home to a major film production studio, built by Donald Trump, if the plan pitched to the county commission last Tuesday gets approval.…

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‘Magic’ Johnson, Canyon Partners Return to Miami with Plans for New Walmart-Anchored Center

‘Magic’ Johnson, Canyon Partners Return to Miami with Plans for New Walmart-Anchored Center

Miami’s Flagler Corridor will soon have a new Walmart-anchored shopping center, as Canyon-Johnson Urban Funds has recently purchased a 32-acre parcel in this respect in an all-cash transaction.…

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