Gencom finances Ritz-Carlton Coconut Grove acquisition with $62M loan
Gencom is retaking full ownership of the Ritz-Carlton Coconut Grove. An affiliate of Miami-based Gencom, led by Karim Alibhai, bought partner Hersha Hospitality Trust’s majority stake in the 115-key hotel at 3300 Southwest 27th Avenue, according to a news release. Gencom and Hersha declined to comme
Nutrition moguls sell waterfront Coconut Grove mansion for $72M
Shaklee Corp. CEO Roger Barnett and his wife, journalist Sloan Barnett, sold their waterfront Coconut Grove mansion for $71.9 million, marking the latest high-priced trade in the popular Miami neighborhood. The Barnetts sold the 10,400-square-foot, seven-bedroom and eight-bathroom home at 3085 Munr
Midtown lands $84M debt for Flagler Village apartments amid supply overhang
Midtown Capital Partners scored an $84 million construction bridge loan for its Flagler Village apartment project. Miami-based Midtown Capital is expected to complete the 252-unit Astor Park Flagler Village with a pair of 12-story buildings this summer. The complex, at 333 Northeast Sixth Street in
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