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For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
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News
Rockpoint Buys Oceanfront Fort Lauderdale Hotel for $47M
1+ week, 2+ day ago (311+ words) Rockpoint and Newbond Holdings have paid $47.1 million for an oceanfront resort in Fort Lauderdale, Fla., property records show. Called Hotel Maren Fort Lauderdale Beach, the property features 141 rooms at 525 South Fort Lauderdale Beach Boulevard, adjacent to Seebreeze Boulevard, south of…...
Gatsby Florida Lands $119M Loan to Build Spec Palm Beach Gardens Office – Commercial Observer
1+ week, 5+ day ago (281+ words) Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…...
Banyan Street, Independencia Refi South Florida Office With $54M
2+ week, 5+ day ago (221+ words) Banyan Street Capital and Independencia Asset Management have nabbed $53.5 million to refinance an office complex in Doral, Fla. Wells Fargo provided the financing that backs the 290,000-square-foot Doral Center property. The 10.8-acre campus includes two buildings — one rising six stories…...
Azora, Vizcaya Capital Flip Coconut Grove Office Building for $62M
3+ week, 2+ day ago (259+ words) Just a year after buying a boutique office building in Miami’s coveted Coconut Grove neighborhood, Azora Private Solutions and Vizcaya Capital sold it for a nearly $15 million gain. The five-story property at 3250 Mary Street, called the Grove at 3250 Mary, sold…...
CIM Group Sells 2 Virginia Office Buildings to Finmarc for $78M
3+ week, 3+ day ago (310+ words) Finmarc Management has acquired a pair of office towers in Tysons, Va., for $77.5 million as the company begins another wave of acquisitions while doubling down on office space in Northern Virginia. The Bethesda, Md.-based investment firm acquired Highline at Greensboro…...
Nalcorp, Clipper Equity Buy Coney Island Development Site for $20M
4+ week, 1+ day ago (299+ words) Fancy a trip to the Boardwalk? A pair of New York-based real estate development and investment firms — Nalcorp and Clipper Equity — have acquired a land parcel at 2015 Boardwalk West, an oceanfront development in Coney Island, Brooklyn, from seller Bath Site…...