Miami

A Miami advisory board green-lighted the expansion and modernization of the base on Watson Island.

The acquisition marks the company's fifth in the US in the past 12 months, with three sites under its belt in New York City, and a recent announcement that it had secured permits in Chicago for a 170,000-square-foot ground-up co-living project in The Chicago Loop.

The Miami firm has purchased 550 Biltmore, a 162,293-square-foot, Class A office building in Coral Gables. The deal calculated out to a purchase price of $336-a-square-foot, according to Cushman & Wakefield.

The county's 62-page petition challenges the city mayor's veto of plans to substantially alter the theater on the National Register of Historic Places.

Passco acquired Legacy at the Bay from Carter-Haston Real Estate Services, a Nashville-based private fund and property management firm.

Magic City Innovation District awaits final approval from the city, while seeking commercial tenants for the neighborhood with $12 million invested in rehabbed buildings thus far.