$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 […]
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 […]
Blackstone Affiliate Closes on $291M Deal for Former Race Track in Miami to build Logistics Center
Blackstone’s plans for a $700 million distribution project in Miami Gardens are moving forward. Race-track operator Churchill Downs said this week that it recently sold 115.7 acres to the investment giant for $291 million. The deal for the site of the former Calder Race Course was announced in November 2021. New York-based Link Logistics, a […]
weAimco-Related REIT Buys 296 unit Miami Apartment Tor for $211M / $712K per unit
AIR Communities dropped $211 million for a Miami apartment tower, a sign of investors’ continued appetite for Miami residential properties despite growing fears of a recession. The property, previously known as Modera Biscayne Bay, features 296 apartments within a 28-story building. The 570,694-square-foot tower sits in the heart of Miami in the Edgewater neighborhood, just […]
InterSystems Founder Buys $100M+ in FL Real Estate
Phillip Ragon, the founder of software company InterSystems, purchased three homes in Golden Beach, FL, to the tune of $93 million, just one year after buying a separate property in the area for an additional $20 million. Sun and fun: Two of the three Golden Beach homes have already closed, with the third set to […]
Greysteel Brokers FL Affordable Housing Complex Sale
A large affordable housing community in Ocala, Florida, has sold to a Boston-based property management firm in the latest Greysteel-managed transaction for the Sunshine State. Changing hands: Parkside Gardens, a 144-unit affordable housing community built in 1970, has been sold by Community Housing Partners of Christiansburg, Virginia, to JE Properties, a Boston-based firm with experience […]