DWS sells Coral Gables’ The Alhambra for $120M amid its retreat from office
DWS Group sold a two-building office complex in Coral Gables for $119.6 million, amid the firm’s nationwide divestment from the asset class. Dallas-based Lone Star Funds, Jay Caplin’s Miami-based Square2 Capital and David Moret’s Highline Real Estate Capital bought The Alhambra, consisting of the 14-story building at 2 Alhambra Plaza and the seven-story building at 95 Merrick Way, according to the buyers’ news release. Lone Star Funds is led by Donald Quintin and John Grayken. Square2 and Highline are based in Miami. The buyers obtained a $98.5 million loan from an entity tied to Rialto Capital Management. The debt consists […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Faena Residences developers presell $30M penthouse for record price along Miami River
“Animal House”: Brickell condo owners outraged by short-term rental goons
NFL’s Larry Ogunjobi turns developer with $16M spec home in Biscayne Point
Firms tied to Argentine soccer money probe bought four Miami-Dade properties
$1M rent, $100 steaks: Inside Coconut Grove’s booming restaurant scene
Miami secures $193M permit to build civic center at Freedom Park
Wetland development cost Florida homeowners $1.6B in flood damages, study finds
South Florida’s top deals: Double Venetian Islands property trade for $33M
Average 30-year mortgage rate climbs to highest level in nearly a year
New NAR survey: Americans value walkable neighborhoods
