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    • Hawkins Way Capital sells Clifton Hotel in South Beach December 2, 2022
      Real estate investment firm Hawkins Way Capital sold the Clifton Hotel in South Beach, adding to a slew of recent hospitality sales. Records show the Los Angeles-based company sold the 35-key, 10,400-square-foot hotel at 1343 Collins Avenue in Miami Beach. The buyer is Jerusalem Group LLC, a Florida entity managed by Omar Limon. Limon is […]
      By Kate Hinsche
    • Chetrit nabs $83M construction loan for Collins Park project December 2, 2022
      Chetrit Group got a financial boost for its Collins Park Hotel project, nabbing a $82.5 million construction loan. Kawa, a Hallandale Beach-based international asset manager, provided the financing, according to a spokesperson for Henry Bodek of New York-based Galaxy Capital, which brokered the loan. The new mortgage replaces a $62.5 million construction loan provided by […]
      By Francisco Alvarado
    • Retail investors pay $57M for Doral shopping center December 2, 2022
      Miami-based retail investors Domenico Albano and Americo D’Agostini paid $57 million for Doral shopping center anchored by a Navarro Discount Pharmacy store. Sofi Retails, a real estate investment firm managed by Albano and D’Agostini, acquired Doral Shops, a two-story retail plaza at 11402 Northwest 41st Street, according to a press release. Albano and D’Agostini, who […]
      By Francisco Alvarado
    • UDB battle not over: Megaproject opponents take fight to state December 2, 2022
      A controversial megaproject planned outside Miami-Dade County’s Urban Development Boundary faces new opposition. In the latest move, a resident is asking the state to review commissioners’ recent approval of the UDB expansion. The vote allows for the 5.9 million-square-foot South Dade Logistics and Technology District industrial complex to be constructed in southeast Miami-Dade. Nita Lewis, […]
      By Lidia Dinkova
    • Editor’s note: Lessons from a crypto meltdown December 2, 2022
      It feels like a Madoff-meets-millennial moment.  The crypto party has come crashing down with the spectacular collapse of Sam Bankman-Fried’s FTX, the world’s second-largest cryptocurrency exchange. The fallout will be huge, with the company owing customers more than $8 billion.  How exposed will real estate be? Not very, it seems — even condo developers touting […]
      By Stuart Elliott