Miami

At GlobeSt.com's ADAPT awards this year, we honored The Ritz-Carlton Residences in Miami for its innovative reuse efforts.

The partnership plans to construct a modular 110,000-square-foot, Class A, mixed-use development that will feature 131 multifamily units and approximately 8,600 square feet of retail space at the quarter-acre site.

The New York developer and joint venture partners bought The Richmond and South Seas hotels for $140 million after acquiring The Raleigh for $103 million with plans to restore them and add a residential tower.

Demand for the oceanfront homes has remained strong throughout construction, and closings are now underway, DDG reports.

Giralda Place is 94% leased to seven tenants and includes WeWork's first location in Coral Gables. Other tenants at the property include HSBC Bank, Dr. Smood, Rukus Cycling, and Seaside National Bank.

Westside acquired the property for $29.5 million and intends to invest up to $5 million in capital improvements, while rebranding the property "Westshore Crossing."

MIAMI—Commercial brokerage firm CBRE reports that a team led by Eric Fixler of Marcus & Millichap has joined CBRE Capital Markets' Debt &…

Berkadia arranged the 10-year refinance loan, with full term interest only, for the 185,000-square-foot office park near Miami International Airport.