The Real Deal Miami

Posts Tagged ‘aztec group’

  • West Kendall shopping center lands $20M loan

    Owner paid nearly $7M for the developed site in 1987
    June 23, 2015 01:30PM
    Howard Taft and Charles Penan

    Howard Taft and Charles Penan

    Crossings Shopping Village, a shopping center in Miami’s West Kendall neighborhood, recently obtained $20 million in financing, according to a press release.

    The 109,000-square-foot retail site is anchored by Publix Super Market, CVS/Pharmacy and Youfit Fitness Center. Miami-based Aztec Group’s Howard Taft and Charles Penan secured the loan for the property at 13047 Southwest 112th Street. A Florida-based bank was the lender, according to the press release. [more]

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  • Avra Jain buys Miami River Inn for $8.6M

    Miami's longest running inn last sold for $4.2M in July 2013
    April 20, 2015 03:01PM
    Miami River Inn and developer Avra Jain

    Miami River Inn and developer Avra Jain

    The Vagabond Group, led by developer Avra Jain, picked up an historic 58-room inn near the Miami River for more than double its last sale, Aztec Group told The Real Deal. [more]

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  • Q&A with Ezra Katz: Notable deals and what lies ahead

    On firm's history and where he'll invest $200 million this year
    January 20, 2015 02:36PM
    Ezra Katz

    Ezra Katz

    Ezra Katz has handled multi-million dollar transactions in South Florida, ranging from the Fontainebleau Hotel financing (twice) to portfolios of office buildings in Miami-Dade and Broward counties.

    Katz, the founder and CEO of the Aztec Group and Mayan Properties, sat down with The Real Deal as his company announced its most recent deal, the sale of a downtown Miami building to Aria Development, the same group building a Yotel hotel nearby.

    What kind of properties do you invest in?

    Hotels, shopping centers, apartments and office buildings, predominantly. We buttress that with land investments and industrial, self-storage. You name it, we’ve touched it. We aren’t in the investment game to hold for multi-generational periods. We really had a fairly sizable concentration in office buildings and hotels. [more]

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  • SoFla landowner gets $36.5M bridge loan

    BridgeInvest provides financing for Broward, Palm Beach development sites
    January 21, 2014 11:15AM
    1179 Hillsboro Mile and Howard Taft

    1174-1185 Hillsboro Mile and Howard Taft

    The owner of oceanfront residential land in Broward County and a large retail development site in Palm Beach County has obtained a $36.5 million bridge loan, The Real Deal has learned. [more]

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  • Swerdlow obtains $30M loan for Miami project

    Developer plans Shoppes at Civica in city's Health District
    December 13, 2013 12:45PM
    Rendering of the Shoppes at Civica

    Rendering of the Shoppes at Civica

    The Swerdlow Group has obtained a $30 million construction and permanent loan facility for the Shoppes at Civica development in Miami’s Health District. [more]

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  • Miami-based Aztec Group has secured a $49.6 million acquisition and renovation loan for the Plantation Key and Providence Park properties in Brandon. The properties total 982 units on a total of 64 acres. The loan will allow the borrower, an affiliate of Blue Rock Partners, to invest $6 million in improvements for the two multi-family properties. The three-year loan provided financing for 75 percent of the total cost of the project. — Alexander Britell

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  • Sunset Harbour Shops

    Miami Beach’s Aztec Group has secured an $18 million loan on an eight-property portfolio that includes the Sunset Harbour Shops, the firm announced today. The properties are owned by Scott Robins and Philip Levine. [more]

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  • Miami-based Aztec Group has secured a $4.9 million first mortgage for the Storage Village Chantilly in Chantilly, Virginia. Aztec’s Charles Penan, director, and Howard Taft, senior managing director, completed the transaction on the property, which has a total of 639 units. Finance was provided by New York-based conduit lender Basis Investment Group. — Alexander Britell

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  • Aztec Group has secured a combined $8.85 million in financing for a pair of Broward County projects. The firm announced that it had secured $6.85 million in debt financing for the recreational lease of the Plaza North and South Towers condominiums at 1813 South Ocean Drive in Hallandale Beach, along with a $2 million loan on the ground lease of a PNC Bank under construction at 2400 South University Drive in Davie. Both were 10-year, fixed-rate loans. The deals were completed by Aztec’s Howard Taft and Charles Penan. — Alexander Britell

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  • Winn-Dixie

    A Winn-Dixie supermarket at 3275 Coral Way in Miami has obtained a $7.02 million permanent loan, according to Aztec Group, which represented the borrower in the transaction. Aztec managing directors Jason Shapiro and Jim Fried arranged the financing for the 63,480-square-foot space, which is located next to the Miracle Market shopping center and recently underwent a $6 million renovation. [more]

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