Miami
On the Market: 5 Interesting Listings for the Week of 9/17
This week’s roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
PMG Miami Community Lands $106M Refi
The 464-unit property, which offers apartments as well as bedrooms for rent, started construction in mid-2016 and recently opened its doors.
Berkadia Arranges $46M Loan for Miami Residential Tower
Charles Foschini and Christopher Apone of the firm’s South Florida office arranged the three-year term loan, representing the buyer. The waterfront tower sits along the Miami River.
Coral Gables Luxury Condo Opens Its Doors
The 33-unit Giralda Place Residences is part of a mixed-use development combining residences, ground-floor retail and office space in downtown Coral Gables.
Kolter Urban Tops Off Palm Beach Luxury Condo Tower
The 48-unit project dubbed 5000 North Ocean is scheduled for delivery in the fall of 2019. KAST Construction serves as general contractor.
Gables Residential Adds 200 Units to Miami Luxury Supply
Gables Columbus Center is a 19-story community in downtown Coral Gables, Fla. Monthly rents here start at $2,306 per month.
Walker & Dunlop Facilitates $37M South Florida Transaction
Managing Directors Roberto Pesant and Chris Conklin, together with Senior Analyst Omar Morales of Walker & Dunlop Investment Sales represented the seller, Principal Real Estate Investors.
Luxury Miami Tower Lands $138M Financing
Walker & Dunlop arranged the construction loan on behalf of the developer, Two Roads Development. The 100-unit Elysee broke ground in 2017 and is scheduled for completion by 2020.
Cushman & Wakefield Arranges $60M Miami Sale
Advenir acquired the value-add Vista Verde at Westchester, which includes 302 units. The community is located near Florida International University.
South FL Asset Lands Freddie Mac Refi
HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.