Miami Heat co-owner’s firm buys shopping center from Edens for $33M
RK Centers, led by Miami Heat minority stakeholder Raanan Katz, dropped $32.5 million for Edens’ Arena Shops in North Miami, expanding its retail presence in north Miami-Dade County. The Sunny Isles Beach-based company acquired the 44,660-square-foot shopping center at 14750 Biscayne Boulevard in a
Gencom, White Bridge buy InterContinental hotel in downtown Miami for $300M
Karim Alibhai’s Gencom and White Bridge Capital partnered on a nine-figure acquisition of the InterContinental Miami high-rise hotel in downtown Miami, their third joint hotel deal in the past year. The Miami-based firms bought the 34-story, 652-room waterfront hotel overlooking Biscayne Bay at 100
“Incompatible”: Miami Beach shoots down Live Local Act project with 38-story towers, citing zoning conflict
Redevelopment of the Blackstone-owned Southgate Towers in Miami Beach with a 38-story Live Local Act project is a no-go due to a zoning conflict, city officials said in a letter. Southgate Towers LLC filed an application to replace the two 14-story apartment buildings with 495 units at 910 West Ave
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