The Aventura View office building sold for $38 million, an 85 percent gain over its price from three years ago.
NAPLES, FLA – Steelbridge Capital has acquired Pelican Bay Executive Center, a three-building, 190,000-square-foot office complex in Naples.
ORLANDO-In its second acquisition in less than a week, Steelbridge Capital has acquired 20 North Avenue, a 16-story, 267,262-square-foot class B office building in the heart of Orlando’s Central Business District (CBD).
Indiana developer Mark Siffin’s plan to move ahead with the $230 million purchase of 10 acres near the Miami Herald headquarters sounds like a project from 2006-when downtown Miami land sold at top dollar and banks handed out loans like promotional pens.
DeVry University and Royal Caribbean Cruises have a new landlord after a New Jersey investor paid $43 million for two buildings in Miramar.
Investors remain on the sidelines waiting for the gap between bids and asking prices on commercial properties to narrow.
New York-based Tishman Speyer bought the Courvoisier Centre office complex on Miami’s Brickell Key for about $130 million in its first Florida investment, sources said on condition of anonymity.