Miami-Dade office building sold for $83M

The 355 Alhambra office building in Coral Gables was acquired by an insurance-backed group for $83.08 million, according to county records. CPT 355 Alhambra Circle, part of Boston-based AEW Capital Management, sold the 16-story building to PRII 355 Alhambra Circle, an affiliate of Prudential Real Estate Advisors. The seller was represented by HFF’s Herman Rodriguez,…

Rail plan keeps rolling, despite rising costs, a withdrawn bond offering and well-funded protesters

All Aboard Florida, the most daring project in the Sunshine State’s history, faces fierce opposition from a well-financed Treasure Coast citizens group that wants the new train service to be rerouted around them. It also suffered a major financial setback when its plan to issue $1.75 billion in tax-exempt private bonds fell through, reportedly due…

NEWS IN BRIEF

Rebeca Sánchez-Roig and Bruce W. Solow formed boutique immigration law firm Sánchez-Roig & Solow, PLLC to represent individuals and businesses globally in U.S. immigration matters. The firm is located at One Flagler, 14 N.E. First Ave., Suite 405 in Miami. Hilton Garden Inn Miami South Beach-Royal Polo opened at 2940 Collins Ave. (305) 642-7656 or…

The Wrap: Commercial flights could connect Miami to Cuba within a few months, Florida is the state most Americans would want to live in…and more

Havana, Cuba 1. Commercial flights could connect Miami to Cuba within a few months [Miami New Times]2. Florida is the state most Americans would want to live in [The Next Miami] 3. State apellate court rejects zoning change for North Miami Beach [Daily Business Review]4. Palm Beach board denies historic designation for Parc Monceau [Palm Beach Daily…