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The historic Raleigh hotel and adjacent sites were sold to Nahla Capital, roughly six years after Shvo bought the property for a $2B condo-hotel redevelopment.
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Chris Hodgkins, senior advisor for Meridiam, wants to spearhead a monorail project connecting Miami and Miami Beach.
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James Corner, planner of the High Line in New York, threatened to withdraw from a similar project to transform Lincoln Road in Miami Beach.
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Coverage of CREW Network's national convention in Miami Beach
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The foreclosure complaint comes as developers were planning to demolish the existing retail and develop a mixed-use property.
A pair of NY investors buys the SoBe Hostel, once a classic Miami Beach hotel.
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Combined, it has nearly 1,000 units in the pipeline in Miami.
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13th Floor Investments and Opera Acquisitions paid $73M for a timeshare property in Miami Beach after acquiring the adjacent condo building for around $30M.
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The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
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