Miami Beach retail building sells for $10.5M

A retail building on the north side of Miami Beach sold for $10.5 million. Peter Korakakos and Andre Korakakos sold the 12,652-square-foot building at 7300 Collins Ave. to Collins and 73rd Developers LLC, managed by Silvia Sabates Coltrane, the CEO of Surfside-based Transacta Developers. The price equated to $830 per square foot. It was built…

92-year-old downtown Miami building trades for $22M

A 92-year-old office building in downtown Miami that supports the county courthouse was acquired for $22 million. Courthouse Realty Corp., managed by Salomon Terner, sold the four-story, 56,205-square-foot building at 22 N.W. 1st Street to Courthouse East Acquisitions, managed by David Aaron in Miami Beach. Coral Gables-based BAC Florida Bank provided a $13.2 million loan…

Mixed-use downtown project could get mini golf

The owner of the mixed-use Downtown Abacoa in Jupiter wants to create a mini golf center to attract more family-friendly business. Jupiter-based FLF Holdings acquired the 91,409-square-foot retail, restaurant and office center, formerly known as Abacoa Town Center, in 2015 and repositioned it. FLF Holdings Principal Josh Simon said it’s occupancy has increased from 50…