Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AVENTURA, FL-Common Capital Partners, an associate of MG3 Developer Group based in Hollywood, is acquiring a 1.9-acre portion of the Terzetto at Aventura development at 2775 N.E. 185th St. from Ocean Bank for $3.3 million, which is granted for a 205-unit, 22-story condominium.

The bank bought the project in a foreclosure for $49.1 million from Merco Group, who lost the project to its $44 million loan default. An associate of the bank took control of the three sites to develop a 438-condo project. 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.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.