Ex-TV host Cristina Saralegui sells Doral studios for $10M

Veteran Cuban-American journalist and talk show host Cristina Saralegui and her husband have sold their Blue Dolphin Studios building in Doral for $10 million, two years after listing the property for $15 million.

The three-story property at 2520 Northwest 112th Avenue housed Saralegui’s former studios. The site contains 37,519 square feet of office space and three television studios.

David Cespedes of Kaizen Realty Partners was the listing agent for the property and told The Real Deal that he was the only Realtor involved in the transaction.

The buyer, Doral Dolphin Studios, is affiliated with Cinemat, a Doral-based television production company. Founded in 1997 by Eduardo and Jose Vicente Scheuren, Cinemat has produced such shows as Decisiones (Telemundo); The Amazing Race (Nickelodeon Latin America); and Mision Emilio, according to its website.

Cinemat financed the sale with a $2.7 million mortgage from Mellon United National Bank, public records show.

Saralegui and her husband, Juan Marcos Avila, had purchased the property in 1999 for $3.1 million through an entitity called Blue Dolphin Studios Inc. according to Miami-Dade property records. The building was built in 1996.

Univision canceled “El Show de Cristina” in 2010; Telemundo then picked it up in 2011 and ran it for one year. In January 2012, Saralegui launched “The Cristina Channel” a 24/7 radio network, for Sirius XM, according to her website. Saralegui’s husband is the former bassist for Miami Sound Machine.