$37M, 13 Property Tampa Industrial Portfolio Purchased by Thor Equities
Thirteen is Thor Equities Group’s lucky number. The firm completed the acquisition of 13 industrial assets in two Tampa, Fla., submarkets for a grand total of $37.3 million, Commercial Observer reports. The newly acquired facilities in the submarkets of Westshore-Airport and Eastside Tampa bring over 400,000 square feet under Thor’s control, with assets ranging from […]
New Waterfront Construction Miami
Integra Investments scored $101.4 million to construct a waterfront residential project along Biscayne Boulevard, one of the Miami area’s busiest arteries, property records show. The funding from Synovus Bank will go towards building a 15-story tower with 288 apartments, totaling 534,470 square feet, as well as nine two-story buildings with 92 unit townhouses, totaling another […]
Florida continues to lead high net worth migration by far
Affluent Americans have flocked to Sun Belt states since the pandemic started, with Florida leading the pack by a wide margin, a new analysis reveals. Looking at migration patterns between 2019 and 2020, personal finance website SmartAsset ranked all 50 states plus the District of Columbia based on the net migration of households earning $200,000 or more. […]
Fort Partners Land $169M in Financing to Build 11 story, 14 unit Condo in Surfside
Fort Partners scored $169 million to build an oceanfront condominium in Surfside, Fla., property records show. Last April, the Town of Surfside approved plans for a condominium building, dubbed the Hillcrest by the Sea at 9165 Collins Avenue. The development will rise 11 stories and hold just 14 apartments as well as an underground 32-spot […]
FirstService Residential Relocates to Boca Raton’s Yamato Complex
Property manager FirstService Residential is relocating within Boca Raton, according to the broker representing the tenant. The company inked a seven-year lease at Yamato Office Center II for 11,200 square feet. FirstService, which is currently based two miles away at 6300 Park of Commerce Boulevard, plans to move into its new office in November. The […]
Harbor Group International acquires downtown Miami Apartment at $496K per unit, $184.5M for the 372 unit located at 255 SW 11th Street
Harbor Group International (HGI) has once again paid big bucks for a rental tower in central Miami. The Virginia-based investor dropped $184.5 million for Miro Brickell, a 372-unit property located at 255 SW 11th Street in Brickell, HGI announced. The Arizona-based seller, Alliance Residential Company, completed the 24-story building in 2017. Alliance purchased the 1.8-acre […]
Ken Griffin’s Citadel acquires more office space in South Florida
From locking down in the Four Seasons hotel to replacing a vacant Neiman Marcus, Citadel is returning to Palm Beach. The financial giant plans to open an office inside the former Neiman Marcus department store on Worth Avenue, one of the country’s swankiest shopping streets, home to Chanel and Louis Vuitton stores. The news, first […]
Premium Sells 194 unit New Little Havana Apartment Complex for $92M, $474K per unit
A newly built apartment complex in Miami’s Little Havana traded hands between two local companies. Premium Development, which built the 194-unit First Apartments at 700 SW First Street, sold the mid-rise building to Lloyd Jones for $92 million, both companies announced. Premium broke ground on the site in March 2020 and completed it in the […]
Forest Development and RPC Land $270M For Luxury Condo Near West Palm
Forest Development and Dan Kodsi’s Royal Palm Companies scored one of South Florida’s largest construction loans this year, $269 million, for a luxury condo project north of West Palm Beach, Fla. The waterfront development, dubbed Nautilus 220, will feature 330 units across two 24-story towers with amenities, including a marina. The ground floor will offer […]
MG Developer Buys Coral Gables Dev Site From Hollo Family
Months after making a killing in Brickell, the Hollo family sold a development site in Coral Gables for $19.3 million, property records show. Located at 42 Navarre Avenue, the 1.1-acre site spans the entire block between Galiano Street and Alhambra Circle, just half a mile north of Coral Way in the swanky Miami suburb. The […]