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Rail plan keeps rolling, despite rising costs, a withdrawn bond offering and well-funded protesters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