Archive for the ‘In the Media’ Category

Brokers negotiate $5.29 million sale of Coral Gables medical building


Dealmakers: Adam Greenberg and Michael Lapointe The Deal: The pair brokered the $5.29 million sale of a 14,700-square-foot medical building at 3280 Ponce de Leon Blvd., Coral Gables.   Miami-based Orion Venture II Ponce sold the two-story building to Miami Beach-based Brickell 13 Ponce on Dec. 15. Details: Orion Venture, led by Joseph Sanz and [...]


Miami’s Midtown might soon have dueling, household retailers


Word that Developers Diversified Realty is planning a 160,000-square-foot Wal-Mart on five acres south of The Shops at Midtown Miami is already generating mixed feelings from fans of the mixed-use center. BayBridge Real Estate Group managing director Adam Greenberg, who has brokered sales of property in Wynwood, and who owns property just west of Midtown, [...]


Commercial Real Estate Roundup


Wynwood group buys debt on land   Abbey Berkowitz, of Wynwood Acquisitions, has bought the debt/foreclosure judgments on six parcels in Miami’s Wynwood neighborhood for about $2.5 million, or about half of the original loans. The parcels, are at 2600, 2800, 2808, 2814-18, 2826 and 3436–3440 N. Miami Ave. Although it was not made public, [...]


Brokers help junior lender retake property, flip it


  The Deal: Greenberg and Lapointe brokered the $9.1 million sale of a 2-acre development site on Biscayne Bay in the Edgewater section of Miami. The pair represented the seller, Frostproof-based partners ICE LLC, Saxon Development and 3120 Associates. The buyer was Miami-based Fifteen Alcion ICE. The cash deal closed July 26. For the FULL [...]


Former ICE condo sites in Miami sold


Two Miami relics of the real estate boom, approved for hundreds of condo units that were never built, are changing hands again in separate transactions. The Wohl/Gold families have sold 2 acres, where the 300-unit ICE II condominium was once planned, in Miami’s Edgewater neighborhood for $9.1 million. The buyer is Miami-based Fifteen Group. BayBridge [...]


Related Group makes move on Biscayne Bay condo site


The Edgewater area, where the site [Onyx 2] is located, is poised to make a comeback and has a lot of buyers interested in it, said Adam Greenberg, managing director of Miami-based BayBridge Real Estate Group BayBridge Real Estate Group. Given that the Paramount Bay condo is set to launch sales soon, it makes sense to hold [...]


Brickell-area Publix pays $15 million for its retail center


Publix Super Markets has gone from being a tenant to owning a shopping center west of Miami’s Brickell Avenue. The Lakeland-base grocery chain paid $15.4 million for the retail center at 134 SW 13th St., according to a source familiar with the deal. Publix has anchored the property since the 1990s. Brokers Adam Greenberg and [...]


Real estate buyers find quick money – but at a hefty rate


The advantage of debt funds over traditional lenders is the speed in which they can make a loan because funds don’t have the same layers of underwriting. But higher interest rates typically boost the cost of borrowing, Miami mortgage broker Adam Greenberg said. “[Debt] funds don’t give you the best interest rate,” said Greenberg, managing [...]


ST Residential invests in Miami’s Mint condo to help drive sales


“ST Residential has made the decision to serve as a backstop in the distressed condominium market. Rather than playing to the killer instincts of investors searching for prey, ST Residential has begun a marketing effort to change the thinking about condos from commodities that are to be traded to homes where individuals and families live,” [...]


Foreclosure roundup: Worldcenter set for auction


Adam Greenberg, managing director of Miami-based BayBridge Real Estate Group, said the development plan for Miami Worldcenter still makes sense, especially as the downtown Miami condo units fill with residents. They will be looking for places to shop and for entertainment. However, there’s little hope of getting construction financing for such a project now – [...]