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.
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