The ground lease that runs with a new Walmart Supercenter in Fort Lauderdale was sold for $26.06 million. Gatlin Development, led by Frank C. Gatlin III in Fort Lauderdale, built the 189,543-square-foot Walmart at 2500 W. Broward Blvd. as part of the 36-acre Riverbend Marketplace just west of Interstate 95. Marcus & Millichap’s Lori Schneider…
The Fontainebleau Miami Beach hotel amended its mortgage with a $260 million increase. The hotel, owned by Aventura-based Turnberry Associates and the Soffer family, signed a $795 million loan, up from $535 million in late 2013. Goldman Sachs Bank provided $397.5 million of the note, while the other $397.5 million came from the Bank of…
A condo association lawsuit aims to halt the Apeiron condominium and hotel project at the Jockey Club near North Miami. On March 9, the two associations for the Jockey Club Condominiums I and II filed a lawsuit against Apeiron Miami and the association of the third condo building on the property. The complaint claims that…
EXPANSION Shared workspace company Pipeline Workspaces is moving forward with plans to expand to downtown Fort Lauderdale. It has entered into a 20-year lease for a floor at One Financial Plaza, 100 S.E. Third Ave., marking its entrance into Broward County. Pipeline leases space to entrepreneurs, startups, lawyers and international business executives. “Downtown Fort Lauderdale’s…
For more than two years, an investor group led by retired international soccer star David Beckham has been offering to plunk down $300 million to build a new soccer stadium and develop a Major League Soccer team in Miami. The project could have an economic impact of about $1 billion by creating short- and long-term…
After helping several major developers salvage their condo projects in downtown Miami during the real estate meltdown, Hector Torres has set out to build one of the first new condos in the MiMo area. The Boulevard 57 project is slated for 105 units and 40,000 square feet of retail at 5700 Biscayne Blvd. It’s the…
• Jay Maltby launched Palm Beach Gardens-based Espiritus Group, a sales and marketing platform for artisan spirits, in partnership with a $30 million spirits venture fund. The portfolio includes Blue Nectar Tequila, Corner Creek Reserve Bourbon Whiskey, The Lost Distillery Co., Purus Organic Wheat Vodka and Virginia Distillery Co. Highland Malt Whisky. www.e-spirit-us.com. • The…
Humana will move more than 260 employees into a new office in the Blue Lagoon area of Miami-Dade County as it consolidates its locations in the county. The health insurance and clinical care company (NYSE: HUM) signed a 60,511-square-foot lease at 6101 Waterford. It will move its CAC-Florida Medical Centers, Continucare, Humana IT and retail…
The experts gathered for the Greater Miami Chamber of Commerce’s South Florida Real Estate Summit stressed that the market is not headed for a downturn, even though growth has slowed. About 450 people gathered at Miami’s Jungle Island on Thursday for the event, which featured two panels and various speakers. Miami Commissioner Francis Suarez told…