Workman Real Estate picks up another Miami-Dade warehouse, paying $16M for Miami facility
Workman Real Estate Ventures bought its fourth Miami-Dade industrial property, buying a Miami facility for $16 million. But the deal was almost derailed by an aggressive foreclosure action by a lender seeking repayment of a $9.2 million mortgage debt, court records show. An affiliate of Miami-based Workman, also known as WREV, led by Tyler Workman, acquired the 72,477-square-foot industrial building at 3400 Northwest 67th Street, records and real estate database Vizzda show. The buyer also obtained a $9.2 million loan from BankUnited. The deal breaks down to $220 a square foot. In August, WREV dropped $22.7 million for a three-warehouse […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Blackstone offloads Aventura senior living facility at $37M loss
When it comes to real estate, social media is not about “virality and vanity”
Mexico, Brazil and Colombia top foreign buyers in South Florida, but US demand still rules
“Really not overbuilt”: Bruce Menin, Erik Rutter, Joe Lubeck argue South Florida does not have a multifamily supply overhang
“I thought I was hot sh*t. I was like ‘screw everybody’”: Patrick Carroll
“Built on cash”: How developers survive the squeeze in Miami
Top brokers Margit Brandt, Danny Hertzberg and Dawn McKenna describe the journey to $100M deals
RE Q&A: Can You Avoid Remodel Headaches?
Realtors Describe Shutdown’s Ripple Effects
Why Year-End May Be Prime Time for Buyers
