Pinnacle Lands $50M Construction Loan for Old Cutler Village
South Florida
Jun 14, 2024

Pinnacle lands $50M construction loan for 120-unit apartment building near Cutler Bay, as affordable housing financing keeps flowing 

Package includes tax credit equity and surtax funds
Agave, Century, Mattoni, BH, Electra, MDM, AEW Nab Tenants
South Florida
Mar 11, 2024

Lease roundup: Jetset Pilates opening at Midtown Doral, Presidente Supermarkets in Cutler Bay

Plus: Hinshaw & Culbertson moved its Coral Gables office to The Plaza
Dream Motor Acquires Four Miami-Dade Properties For $150M
South Florida
Aug 9, 2023

Fast lane: Dream Motor pays $150M for two Mercedes-Benz dealerships, repair shop and office building

Birmingham, Alabama-based company acquired four properties from family-owned Ussery Automotive Group
POAH CEO Aaron Gornstein and Cutler Manor Apartments at 10875 Southwest 216th Street
South Florida
Aug 2, 2023

Miami-Dade awards $40M HUD grant to apartment project near Cutler Bay

Nonprofit developer NOAH is planning to increase units at Cutler Manor from 218 to 445
Electra America’s Joe Lubeck and BH Group’s Issac and Liat Toledano with rendering of Southplace City Center
South Florida
May 4, 2023

Electra America, BH score approval for first phase of $1B Southland Mall redevelopment

Cutler Bay officials signed off on a proposed eight-story, 470-unit apartment building with 14K sf of retail
Here are South Florida’s biggest retail deals of 2022
South Florida
Dec 22, 2022

Here are South Florida’s biggest retail deals of 2022

RPT Realty's $216M Mary Brickell Village acquisition topped the list
AJP's Alberto J. Pérez and Treo's Otto Boudet-Murias with rendering of The Contemporary + Medsquare mixed-use project (AJP, LinkedIn, Modis Architects, Getty)
South Florida
Oct 28, 2022

Cutler Bay approves $100M senior living mixed-use project

AJP Ventures, Mas Group and Treo Group developing 196 multifamily units, plus 61K sf of medical office and retail
Seritage Growth Properties’ Andrea Olshan and Electra America’s Joe Lubeck with former Sears store at Southland Mall, 20505 South Dixie Highway (LinkedIn, Electra America, Google Maps)
South Florida
Oct 24, 2022

Electra, BH purchase former Cutler Bay Sears store for $34M

Seritage Growth Properties sold 130K sf retail building as part of national asset sell-off
Electra America's Joe Lubeck with rendering of Southplace City Center (Electra America)
South Florida
Sep 20, 2022

Electra America JV plans $1B mixed-use redevelopment of Southland Mall

Partnership proposing renovated mall, 150-key hotel, 60k sf of medical offices and nearly 4,400 apartments
Electra America managing partner Joe Lubeck and Southland Mall at 20505 South Dixie Highway in Cutler Bay (Google Maps, Electra America)
South Florida
May 2, 2022

JV pays $100M for Southland Mall, eyes mixed-use redevelopment

Electra America and BH Group acquired 80-acre site in Cutler Bay Opportunity Zone
Southland Mall in Cutler Bay (Google Maps)
South Florida
Feb 22, 2021

Lender takes control of struggling Southland Mall in Cutler Bay

Wells Fargo, representing CMBS investors, made a “credit bid” of just $2,600
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)
South Florida
Oct 9, 2020

Southland Mall’s troubled $65M CMBS loan for sale

Investcorp defaulted on the loan in April, prompting a foreclosure suit by Wells Fargo as a representative of the CMBS investors
Southland Mall in Cutler Bay, Hazem Ben-Gacem, Investcorp’s Co-Chief Executive Officer (Credit: Google Maps)
South Florida
Jun 17, 2020

Wells Fargo says mismanagement by Southland Mall owner contributed to downfall

The bank, which filed a foreclosure suit earlier this month, says an entity-tied to mall owner Investcorp racked up code violations and citations
Southland Mall in Cutler Bay
South Florida
Jun 9, 2020

Wells Fargo seeks to foreclose on Southland Mall in Cutler Bay

The lawsuit alleges the mall owner, Investcorp, defaulted on its debt payments in April
Jamie Dimon of JPMorgan, Southland Mall and Investcorp co-CEOs Rishi Kapoor (top) and Hazem Ben-Gacem (Credit: Getty; Southland; Investcorp)
South Florida
May 21, 2020

Investcorp wants out of struggling Southland Mall

Southland Mall’s $65M CMBS loan went into default in April
Investcorp CEO Hazem Ben-Gacem and Southland Mall (Credit: Google Maps)
South Florida
May 4, 2020

Southland Mall’s $65M loan heads back to special servicing

South Florida’s retail market has a CMBS outstanding loan balance of $6.3 billion
18901 Southwest 106th Avenue, MMG Equity Partners CEO Gabriel Navarro (Credit: Google Maps)
South Florida
Nov 4, 2019

MMG Equity Partners picks up retail center in Cutler Bay

MMG Equity paid $126 psf for the property