The Real Deal Miami

Posts Tagged ‘little havana’

  • Barlington Group refinances Little Havana properties with $12.2M loan

    Loan covers 6 fully leased properties including Brickell Station
    December 15, 2014 04:30PM
    Barlington Group portfolio, courtesy HHF.

    Barlington Group portfolio

    The Barlington Group has secured $12.2 million refinancing for a six retail properties in Little Havana and Brickell. The loan was arranged by HFF, a Pittsburgh-based real estate capital intermediary.

    The note is a 10-year fixed-rate CMBS loan through UBS Investment Bank. It covers six fully-leased that Barlington has acquired in [more]

  • Sam Herzberg makes Little Havana acquisition

    Investor picks up nine-property CVS site in Miami neighborhood for $14.5M
    August 28, 2014 09:45AM
    Future CVS at 2713 Southwest 8th Street (inset: Sam Herzberg)

    Future CVS at 2713 Southwest 8th Street (inset: Sam Herzberg)

    Sam Herzberg just made a big investment in Miami’s Little Havana neighborhood, The Real Deal has learned.

    A company managed by Herzberg paid $14.5 million for a nine-property portfolio on Southwest 8th Street and 27th Avenue in a transaction recorded on Wednesday, according to Miami-Dade County records. The 1.8-acre site includes a 15,000 square foot CVS store that is under construction. Herzberg’s company obtained a $10.63 million loan from Wells Fargo Bank for the acquisition. [more]

  • Developer hopes to expand boom to Little Havana

    Astor plans InTown condo project in Miami neighborhood
    January 27, 2014 01:30PM
    Peter Torres and rendering of InTown in Little Havana

    Peter Torres and rendering of InTown in Little Havana

    The Astor Cos. is hoping to lure young professionals priced out of trendier locales to Little Havana, a Miami neighborhood where other developers could not gain traction during the real estate bust. [more]

  • Auction set for Miami affordable housing portfolio

    Bids due Jan. 31 for 431 Little Havana units
    January 09, 2014 01:30PM
    138 Northwest 15th Street in Miami's Little Havana neighborhood

    138 Northwest 15th Street

    A 22-building affordable housing portfolio in Miami’s Little Havana neighborhood is set to be sold during a private auction.

    Aaron and Daniel Stauber, the owners of 431 affordable units in the neighborhood, have hired Sperry Van Ness to run the auction, South Florida Business Journal reported. Potential buyers have until Jan. 31 to submit bids and put down a $100,000 refundable deposit. Finalists would be selected shortly after the deadline, with final offers expected in early March. [more]

  • Winn-Dixie sells Miami shopping center for $12.4M

    New York REIT Kimco Realty buys property in sale-leaseback
    December 09, 2013 09:45AM
    Winn-Dixie at 1155 Northwest 11th Street

    Winn-Dixie at 1155 Northwest 11th Street

    Winn-Dixie has sold its shopping center near Marlins Park in Little Havana for $12.4 million, The Real Deal has learned.

    The Jacksonville supermarket chain unloaded the 1155 Northwest 11th Street center in a sale-leaseback transaction last Tuesday, according to Miami-Dade County records. The county recorded the $175 per square foot sale on Friday. [more]

  • Magic Johnson venture loses $5.8M on Calle Ocho

    A 395-unit residential development planned for Little Havana never left the ground
    June 25, 2013 10:00AM
    Magic Johnson

    Magic Johnson

    Basketball legend Magic Johnson, part of a joint venture in Little Havana, took a $5.8 million loss on a project that never took off, the South Florida Business Journal reported.

    Johnson’s Los Angeles-based Canyon-Johnson Urban Fund partnered with Miami-based mFm Construction to purchase a 2.1-acre site at Northwest 8th Street and Southwest 1st Street in 2007 for $11.4 million, the Journal said. [more]

  • The Little Havana area of Miami

    Ever get that sinking feeling? The residents of the Havana Palms complex in Little Havana know it all too well. Residents of the condominium development say their homes are sinking into the ground — and the city’s Department of Construction agrees.

    A cave-in on Jan. 10 sent the Garcia family to a nearby rental, the Miami Herald reported. [more]

  • Berger closes on Little Havana note

    July 25, 2012 12:45PM

    Fort Lauderdale-based Berger Commercial Realty has closed on the sale of a $1.45 million note for Waterfall Victoria Mortgage Trust, the firm announced. The mortgage was secured by 72 multi-family units in six buildings across the Little Havana section of Miami. Berger’s Judy Dolan and Steve Hyatt handled the transaction. Berger also announced the sale of a retail building at 2381-2387 NW 54th Street in Miami to Ibrahim Investment Group. — Alexander Britell

  • The Tower Hotel in Miami’s Little Havana neighborhood has been purchased by the Miami-based Barlington Group for $1.7 million. The 50-room hotel, which hosted musicians from Billie Holiday to Louis Armstrong in its heyday, is located at 1450 SW 7th Street. “Barlington Group has been doing business in Little Havana for more than 10 years, and all along, we have had our eyes on the Tower Hotel,” said Bill Fuller, managing partner of Barlington Group. The deal was brokered by Greg Celentano of Union Street Partners, who represented Barlington and seller Loujen Realty. The company plans to redevelop the property into a boutique hotel. — Alexander Britell

  • Little Havana skyline

    Judges are siding with landlords as Little Havana residents withhold rent in protest of poor living conditions, the Miami Herald reported. Despite holes in the walls, mold, a lack of hot water and broken stoves, tenants are being ordered to pay up or get out by Miami courts.

    Under Florida law renters must either pay their landlord or a court-maintained escrow fund no matter how bad the living conditions. [more]


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