PPG Development, led by Ari Pearl, has acquired TRYP by Wyndham Miami Bay Harbor Hotel for $30 million, roughly $312,500 per key. The acquisition was financed by a $26 million short-term mortgage provided by Arbor Realty SR.
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Tech-Enabled Business Travel Firm 'Mint House' Expands To Downtown Miami
At a time when major operators business travel short-term lease extended stay operators such as Lyric and Stay Alfred are shuttering, Mint House, a tech-enabled hotel company for high-end business travelers, is continuing to rapidly expand despite the COVID-19 pandemic.
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E11EVEN Partners And PMG Reveal The 65-Story E11EVEN Hotel & Residences in Downtown Miami
E11EVEN Partners and Property Markets Group (PMG) have launched E11EVEN Hotel & Residences in Downtown Miami’s Park West neighborhood. The project will rise 65-stories and is located at 29 NE 11th Street.
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Mana Common Partners With Plug And Play To Bring Global Tech Accelerator To Downtown Miami
MANA Common, led by CEO and visionary entrepreneur Moishe Mana, has announced that it will partner with the global innovation platform, Plug and Play, to establish a presence within Downtown Miami’s Flagler District. Plug and Play, based in Silicon Valley, is the world’s largest global innovation platform and investor.
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The Estate Companies Gearing Up To Break Ground On Soleste NoMi Beach In North Miami Beach
The Estate Companies, a subsidiary of Estate Investments Group (EIG), is gearing up to break ground on Soleste NoMi Beach in North Miami Beach. The project, which is located at 16395 Biscayne Blvd., will feature 367 apartment units.
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DRA Advisors Lists Pinnacle Corporate Park Portfolio In Fort Lauderdale
A fund managed by DRA Advisors LLC has entrusted Avison Young’s Florida Capital Markets Group to sell Pinnacle Corporate Park, a two-building, class A office portfolio at 500 and 550 W. Cypress Creek Road in Fort Lauderdale, Florida. The asset totals 259,458 square feet on 14.31 acres in Broward County’s Cypress Creek submarket.
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First American Bank Continues to Expand in South Florida with New Westchester Branch Location
First American Bank celebrated the grand opening of its new Westchester branch location at 9696 SW 40th Street, which will replace its temporary Florida International University facility. First American, which acquired the Bank of Coral Gables in 2014 and Continental National Bank in 2019, now has six branches throughout Miami-Dade.
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Magic City Tech Boom? Microsoft In Negotiations At 830 Brickell And Elon Musk Wants To Build Tunnels Under Miami
Miami, the magic city, is on track to become the next Silicon Valley as the fallout from the COVID-19 pandemic has brought people flocking to South Florida. Florida saw the second highest population growth over any other state in 2020, following Texas, adding over 240,000 new residents in a single year.
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Powerhouse Gym Leases 36,000 SF of Space At MiamiCentral In Downtown Miami
Powerhouse Gym has leased 36,000 square feet of space at MiamiCentral, marking the international fitness chain’s entrance into the Miami market. MiamiCentral, located in the heart of Downtown Miami at 600 NW 1st Avenue, is the home base of Brightline Trains and a mixed-use, urban experience that is transforming the Florida landscape.
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Related Group Reveals Plans For Transit-Oriented 41-Story Miami Station In Downtown Miami
Related Group has revealed plans for Miami Station, a proposed transit-oriented 41-story mixed-use tower adjacent to MiamiCentral Station. Miami Station is located at 525-533 NW 2nd Ave. in Downtown Miami on a 30,527 SF lot that is the former site of the never completed Krystal Tower.
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