Regions Southeast | Miami
Whole Foods Retail Sells for $31M in Coral Gables
July 2, 2008

The Whole Foods condo, situated in Plaza San Remo in Coral Gables, Fla. sold for $31 million. The 59,155-square-foot retail space anchored the mixed-use Plaza located at 6705 Red Road. Colliers Abood Wood-Fay brokers, Michael Fay, John Crotty and David Metalonis,  along with HFF brokers, Danny Finkle and Luis Castro represented the seller, Venera Holdings.

 
Recent Miami Headlines
Miami Mixed-Use Project Resumes with Extension on $60M Loan
ArteCity Holding Ltd., developer of the mixed-use ArteCity project in Miami Beach, can breathe a sigh of relief, now that Corus Bank has extended the maturity of its $60 million loan on the project.
Cousins Properties, The Related Group Complete Sale of Residential Units in Miami
Cousins Properties Inc. has announced that it and partner The Related Group have closed on the sale of the remaining 120 residential units at 50 Biscayne, a 54-story, 528-unit luxury condominium tower in Miami, Fla.
JV Sells Residential Units at 50 Biscayne for $30M
Cousins Properties Inc. and its partner The Related Group have closed on the sale of the remaining 120 residential units at 50 Biscayne, a 54-story, 528-unit luxury condominium tower in Miami, Fla.
AEW Takes Florida Tower from J.P. Morgan
After four months of negotiations, Cushman & Wakefield in Florida has reported the finalization of the sale of an office tower in Coral Gables to the Boston-based institutional pension fund advisor, AEW Capital Management. Cushman & Wakefield represented the former owner of the property, J.P. Morgan Investment Management. The property is a Class A office building at 355 Alhambra Circle. No terms were made public. However, sources say it was a cash equity transaction of $87 million, making it $387 a square foot.
Miami Moves Forward with One Bayfront Plaza
Florida East Coast Realty is moving forward with plans for its $1.8 billion development, One Bayfront Plaza in Miami, Fla.