Masaveu owns most of Brickell block after $24M Wendy’s purchase
Masaveu Real Estate US has assembled almost an entire block in Miami’s Brickell neighborhood after paying $24 million for a Wendy’s restaurant. The American subsidiary of Spanish conglomerate Corporacion Masaveu, led by Chairman Fernando Masaveu Herrero, acquired the 3,611-square-foot fast food restaurant at 200 Southwest Eighth Street, records and real estate database Vizzda show. Alfonso Jaramillo with Fortune Christie’s International Real Estate brokered the deal. The sellers, three entities managed by Juan Carlos Cachoua and Tharine Morales in Miami, acquired the 0.6-acre site for $10.5 million in 2014, records show. The building was completed in 1979. While no plans have […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Historic cottage near Citadel’s Brickell HQ to move to Coconut Grove
Summermaxxing: Wealth boom brings heat to South Florida with pricey off-season sales
Rivani’s $50M Miami Beach office expansion with Playboy HQ heads to voters
Alonzo Mourning, HTG net $55M financing package for affordable housing
$16M West Palm mansion breaks city’s record for priciest non-waterfront sale
Centaur sells Panther National for $191M in South Florida’s biggest golf course trade this year
Florida’s education shakeup is pouring money into private schools. Here’s what it means for real estate
South Florida’s top deals: Palm Island home sells for $19M
Simple steps can make a home listing stand out
Why more Americans are turning to co-buying to afford a home
