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Miami

Brazilian Investor Pays $22.8M for Leasehold Interest in Warehouse, Offices in Miami
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In a sign that foreign investment remains strong in South Florida, a Brazilian buyer paid $22.75 million, or more than $100 per square foot, for the leasehold interest in a warehouse and office property located near Miami International Airport. The Dayan family of Brazil bought 3630 NW 25th St. and 3500 NW 24th St. in […]

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Miami Apartment Developer Secures $85M Construction Loan
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Melo Group said it has secured an $85 million construction loan from Ocean Bank to build the Art Plaza Apartments, a planned 667-unit, transit-oriented development in downtown Miami. Art Plaza, at 58 NE 14th St., will feature two 34-story towers with ground-floor retail and restaurants. Amenities will include a resort-style swimming pool, a fitness center, […]

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Miami a Top Metro for Latin American Investment
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The Tamiami Metro building was purchased in 2017 for $7.9 million by Tamiami Metro USA LLC, an Argentinian investment group. When it comes to Latin American investment dollars, Miami is a top target

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Who Will Bankroll the $4B American Dream Miami?
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American Dream Miami will rise in northwestern Miami-Dade County, with the first phase expected to open in 2023. Credit: Triple Five Worldwide Now that American Dream Miami has the blessing of county commissioners, the question becomes: How will the developer pay for the $4 billion behemoth? Triple Five Worldwide officials are revealing little about financing […]

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Triple Five's $4 Billion American Dream Miami Project Wins Final Approval from County Officials
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American Dream Miami will be a massive mall and entertainment center in northwestern Miami-Dade County. The first phase is expected to open in 2023. Credit: Triple Five Worldwide Make way for American Dream Miami. The Miami-Dade County Commission did just that Thursday, granting a series of approvals for the mammoth mall and entertainment center after […]

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County Approves $4 Billion American Dream Miami Project
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American Dream Miami will be a massive mall and entertainment center in northwestern Miami-Dade County. The first phase is expected to open in 2023.Credit: Triple Five Worldwide Make way for American Dream Miami.

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Multifamily Concessions Creeping Up in Miami, Fort Lauderdale
www.costar.com

Despite hyper-supply in Miami’s multifamily market, lease-up of new apartments remained as strong in 2017 as it was in 2016. However, an uptick in concessions indicates property managers may be working harder to maintain that same level of lease-up momentum. Concessions increased year-over-year for Miami and Fort Lauderdale. Strong population growth in South Florida has […]

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688-Unit Apt. Complex Coming to Long-Vacant Miami River Site
www.costar.com

Courtesy: Mast Capital.A $26 million land deal that closed late Thursday clears the way for a large rental development along the revitalized Miami River. Mast Capital bought the 6.3-acre site at 1001 NW 7th St. in Miami’s Little Havana neighborhood from RAD Miami. Mast already has site plan approval for Miami River Walk, featuring four […]

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Hines Eyes Amazon for Downtown Miami Office Tower
www.costargroup.com

Credit: Miami Worldcenter The Hines real estate firm plans to build a 47-story, multi-tenant office tower in downtown Miami, unless retail behemoth Amazon swoops in to make it single-tenant. Michael Harrison, a senior managing director for Houston-based Hines, said on T

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Miami Developer Buying Land for Large Office Project in Dania Beach
www.costar.com

Miami-based Integra Investments LLC is finalizing a deal to buy land for up to 500,000 square feet of Class A office space at the $800 million Dania Pointe mixed-use development in Dania Beach, FL, CoStar News has learned. Integra says it is acquiring the five-acre site from Kimco Realty Corp., the master developer of the […]

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