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CRE-sources’ Top 5 Most Popular Stories This Week

Here are the most popular news headlines this past week on CRE-sources.
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Lee & Associates South Florida Closes Commercial Property Sale In Davie

At $415 per square foot, the transaction set a new price per square foot record for the submarket.
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Other Industry News

Apple Signs 42,000 SF Miami Office Lease

Apple is constructing one of the biggest Apple Stores in Downtown Miami, a freestanding retail space surrounded by the Miami Worldcenter towers.

Cushman & Wakefield Arranges $70M Construction Financing For Brickell Condo

Robert Kaplan and Mark Rutherford of Cushman & Wakefield secured the financing through Forman Capital and Core Capital on behalf of the developer North Development, a joint venture between Miami-based Oak Development, led by veteran developer Ricardo Dunin, and Peru-based Edifica.

Design District Office Building Fetches $1,350 PSF

The building's current tenant recently signed a new 30-year lease.

CREI Holdings Secures $67 Million Construction Loan For Affordable/Workforce Housing In Miami-Dade

The 8-story project will have 328 one- and two-bedroom apartments. Of these, 40 percent will be designated for households with an income at 80 percent of the area median income, while the remaining 60 percent will cater to households with an income at 120 percent. 

Shovel-Ready Little Havana Multifamily Site Trades For $10 Million

The site spans 50,782 square feet on a 1.17-acre plot in Little Havana.

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