The Armani/Casa brand is known for luxury and eye-popping dollar figures, so it’s no surprise that the construction loan for its first branded condo in the United States would be larger than the assets of many community banks as a whole. Wells Fargo Bank, as lead administrator for a group of lenders, awarded a $305…
After three years of repossession, the Renaissance Commons office building in Boynton Beach was sold for $13.9 million to IMC Equity Group. The bank seized the office, retail and self-storage space in Renaissance Commons in 2013 after foreclosing on the $47.2 million mortgage of Boynton Development Associates II. In November 2015, Wells Fargo sold the…
Codina Partners has launched sales of 5350 Park, the third condo tower at its Downtown Doral mixed-use project. Downtown Doral has a mix of residential, open-air retail and restaurants, office space and a charter school. The first condo 5252 Paseo is completed and sold out and the second condo, 5300 Paseo, should be finished this…
Rendering of Wynwood 25 East End Capital is looking to fill a void of new rentals in Wynwood with its latest project: a 289-unit apartment tower called Wynwood 25. Wynwood 25 As planned, the 400,000-square-foot project will include 31,000 square feet of ground floor retail and 340 parking spaces – the result of a massive…
Rendering of 250 Wynwood A new restaurant, Crudos Fusion Sushi, will open at 250 Wynwood, as the neighborhood continues to attract more eateries, The Real Deal has learned. New York-based Thor Equities leased the 1,800-square-foot space to the restaurant, adjacent to the upcoming Federal Donuts on the ground floor of the condo building at 250…
East End Capital has proposed one of the first mixed-use projects under the new zoning code in Miami’s high-demand Wynwood neighborhood. Wynwood 25 would total 400,000 square feet, with 289 apartments, 31,000 square feet of ground-floor retail and 340 parking spaces. The apartments would be mostly studios and one-bedroom units, ranging from 400 to 1,200…
Prestige Imports Miami walked away with the keys of a former Walgreens building next to its dealership in North Miami Beach. EDCO Miami LLC, managed by Donald Smith in Hingham, Massachusetts, sold the property at 15050 Biscayne Blvd. for $12.5 million to Prestige Imports Outparcel, an affiliate of the luxury car dealer. Built in 2010,…
Greystar paid $10.3 million for an apartment development site near the Dadeland Mall and in Downtown Dadeland. Dadeland Building LLC, an affiliate of Dayco Group, sold the 39,027-square-foot site at 7400 N. Kendall Drive to Charleston, South Carolina-based Greystar. The seller was represented by HFF’s Manny de Zárraga, Jaret Turkell and Maurice Habif. Greystar plans…
Jose Moré co-founded a construction company at a time when the industry was on its heels, and made it one of the fastest-growing companies in South Florida. He teamed with high school friend Jose “Pepi” Gomez during the recession in 2008 to found Coral Gables-based Newport Property Construction. New York Yankees designated hitter Alex Rodriguez…