Ugo Colombo, Fort Partners score $324M loan for Four Seasons Coconut Grove
Ugo Colombo’s CMC Group and Nadim Ashi’s Fort Partners secured a $328.8 million construction loan for the planned Four Seasons-branded condo building in Coconut Grove. Bank OZK is the lender, according to a news release. Colombo, founder of CMC, said the developers were considering more than 10 len
Miami-Dade Mayor touts real estate strides amid recall petition
Miami-Dade County Mayor Daniella Levine Cava is aiming to expand her real estate initiatives amid flak from the opposing political party. Levine Cava highlighted her administration’s efforts to make permitting more accessible, spur more construction of affordable and workforce housing and provide fi
Do-over costs Cirrus $18M over previous win in bankruptcy auction
Cirrus Real Estate Partners won the do-over bankruptcy auction for a distressed downtown Miami development site, only this time it will pony up $18 million more than its previous winning bid. New York-based Cirrus, the lender on the nearly 1-acre property at 340 Biscayne Boulevard, made the opening
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