Miami-Dade home prices pick up in March: report

A December 2011 photo of the Miami skyline (Credit: John Spade) Prices in Miami-Dade County’s residential market continued growing in March, according to a newly released report. Real estate analytics company CoreLogic looked at all Miami-Dade home sales in March and compared their prices to those sold in March 2015. The report found prices rose…

Inside the ownership structure of 111 West 57th St.

From left: PMG’s Kevin Maloney, the partial ownership structure of 111 West 57th Street and JDS’ Michael Stern From the New York website: Who really owns the city’s biggest development projects? It’s a question that has stumped industry observers for years, as investors typically operate from behind LLCs and ownership stakes are closely-guarded secrets. On…

Miami business park sold for $16.6M

The Webster Business Park in Miami traded for $16.6 million. Webster Business Park LLC, an affiliate of Boston-based TA Realty, sold the 178,521-square-foot industrial property at 7200 N.W. 25th Street to Cofe Cix Webster Park LLC, an affiliate of Miami-based commercial real estate firm Cofe Properties. Miami Lakes-based BankUnited provided an $11.1 million mortgage to…