search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loan
South Florida

Great White Course up for sale

Great White Course
Great White Course

The Great White Course adjacent to Trump National Doral Miami is up for sale.

Singapore-based GIC Pte hired CBRE to market the 130-acre golf course property, which could command a purchase price of up to $200 million. The sovereign-wealth fund acquired the land as part of its $1.5 billion purchase of many bankrupt resorts owned by a Paulson & Co.-led group. The site has entitlements for residential, office and retail development.

Sign Up for the undefined Newsletter

Doral is poised for a 15 percent population surge over the next five years.

“The Doral market currently is the second-largest office market in South Florida,” CBRE vice chairman Robert Given told Bloomberg. “It’s already an international destination for in-migrating families. It has a huge consumer base. At the same time we have hit all the urban boundaries. We can’t build into the Everglades.” [Bloomberg] — Eric Kalis

Tags
CBREDoral