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From the network’s source-linked ledger. See every event on MiamiStats.
CP Group, The Georgetown Company and ACRE, with StepStone as investment partner, bought the 838,840 SF office, retail and 272-unit residential district; Blackstone provided financing. The price is not in the source opened. This follows the February CRA vote on the ground leases already on this ledger.
Mizner Park / downtown · Source: Connect CRE
The CP Group-led venture that took control of Mizner Park through ground leases secured $271.5 million from Blackstone Real Estate Debt Strategies for the acquisition and planned renovation, according to property records cited by the outlet. The same report puts the purchase price at $193 million, a figure that was undisclosed when the acquisition was first announced.
Mizner Park / downtown · Source: Commercial Observer
Macquarie Capital put the three-building Class A campus on the market with an expected deal size near $200M. This is a listing, not a sale.
Boca Center / Military Trail · Source: The Real Deal
CP Group and Harrison Street sold the 286,890 SF office complex at 2255 Glades Road to Golden East Investors, per property records cited in the roundup. It is described as CP Group's third recent Boca office sale.
Glades Rd / I-95 · Source: Hawkins Commercial Realty (roundup of press reports)
Newmark arranged Ares financing for Related Ross's purchase of the 1.7M SF, 124-acre BRiC; the price is undisclosed. Floridian Development reports nearly $300M of financing and CP Group as seller.
BRiC / north Boca (former IBM campus) · Source: Newmark via PR Newswire
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