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A Gencom-led partnership with White Bridge Capital bought the 34-story bayfront hotel. The price was not disclosed; Bloomberg, citing a person familiar with the sale, put it near $300M, so no amount is recorded here.
Downtown / Biscayne Bay · Source: Thomas Title (citing Asian Hospitality and Bloomberg)
RFR refinanced its 317,000-square-foot office building at 100 Biscayne Boulevard with a $101 million loan from Derby Lane Partners and Axonic Capital, arranged by Newmark. RFR bought the building in January 2022 for $90 million and says occupancy has since risen from under 60 percent to about 90 percent; the closing date was not given.
Downtown Miami / Biscayne Boulevard · Source: Commercial Observer
Terra, RG Development Group, GV Development and LORE Development received a $507M construction loan for a 106-condo tower at 1250 West Ave; other outlets name Tyko Capital as lender. Condo sales are expected to start in 2027.
Miami Beach / West Avenue · Source: REBusinessOnline
Mana acquired the 31-story, roughly 440,000 SF One Downtown tower at 1 SE Third Ave from PCCP and CP Group, about $244/SF.
Downtown / Flagler District · Source: Hoodline · Verified: Miami-Dade County Property Appraiser · folio 0101120003001 · OR Book 35197 Page 4867
Aimco closed the $520M sale of the Yacht Club Apartments and 1001 Brickell Bay Drive, including $85M in seller financing. Aimco's release does not name the buyer; press reports name Oak Row Equities, with Vlad Doronin's OKO Group per The Real Deal.
Brickell · Source: Aimco via PR Newswire
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