Miracle Marketplace Secures $13M Mezzanine Loan

MIAMI-An affiliate of DDR Corp. based in Beachwood, Ohio, has offered a mezzanine loan worth $12.8 million to Miracle Marketplace, a shopping center located at 3301 Coral Way in Miami.

By GlobeSt News Hub | October 12, 2011 at 01:01 AM

MIAMI-An affiliate of DDR Corp. based in Beachwood, Ohio, has offered a mezzanine loan worth $12.8 million to Miracle Marketplace, a shopping center located at 3301 Coral Way in Miami. The mezzanine loan lender also has the first refusal right to purchase the center measuring 245,000 square feet. The full due date of the loan is June 30 2013.

Miracle Marketplace LLC is the owner of the center, which has a first mortgage worth $52 million with PB Capital Corp. For the full story, go to South Florida Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

NOT FOR REPRINT

1 Fed Warns CRE Could See Further Price Drops

2 Deloitte Signs 800,000-SF Lease at 70 Hudson Yards

3 The Apartment Markets Set to Exceed Average Rent Growth This Year

4 Starbucks Tests the Future of Cafe Building With 3D-Printed Store

5 Luxury Shopping Moves Online as Saks and Amazon Join Forces

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Workers' Compensation Risk Management Award for Excellence Nominations
May 05, 2025 - Nomination Deadline

The 2025 Workers Comp Risk Management Award for Excellence honors outstanding loss control, safety and return-to-work programs.
More Information

Mental Health, Wellness Programs Are Key Business Strategy

By Emily Payne | April 29, 2019

Companies are waking up to the impact of mental health on business goals and putting strategies in place to improve.

Mental Health, Wellness Programs Are Key Business Strategy

Landlord Entitled to Limited Additional Rent

By Igor Pleskov and Ian M. Livaich | April 29, 2019

On April 9, the Pennsylvania Superior Court held that a commercial landlord was entitled to recover certain portions of unpaid additional rent under a lease agreement but limited the landlord's recovery based on the statute of limitations.

Landlord Entitled to Limited Additional Rent

How Goodwin Became a Household Name in Startup Community

By Xiumei Dong | April 29, 2019

“We are looking to grow our footprint at this point,” said partner Lynda Galligan, who has led the firm's California growth. “We have everything covered, it's just a matter of growth.”