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Opening Nears for NSU’s New $50M Research Facility

Opening Nears for NSU’s New $50M Research Facility

According to an official announcement made by Nova Southeastern University, its Center of Excellence for Coral Reef Ecosystems Research—the largest coral research center in the country—will have its grand opening on September 27.…

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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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