TM Realty Group is happy to announce that Cottage Cove apartments in northeast Miami-Dade County have been sold for $50 million. The 468 units, in 100 cottage-style buildings, at 10 N.E. 188th Street were sold Marlin Spring Realty. The price equated to $106,837 per unit, or $151 per square foot. Cottage Cove was originally developed in 1970 and traded for…
TM Real Estate Group has closed on a $35.5 million loan for the newly completed 240-unit apartment complex Shalimar at Davie. Meridian Capital Group has provided the 10-year loan with a fixed interest rate of 4.04 percent and a full-term repayment schedule of interest-only payments. The Shalimar at Davie is a rental community located in the heart of Davie…
TM Real Estate Group has announced plans through The Real Deal South Florida to develop a mixed-use project on 25 acres in Plantation, now now occupied by the former American Express campus. Plantation Midtown Square will feature 598 residential units, in addition to retail.
Optimus Increases Portfolio Size to 547 Condos The Optimus US Real Estate Fund is pleased to announce the acquisition of 184 residential condominium units in the Dolce by the Lakes project located in Las Vegas, Nevada for an average purchase price of $48,900 USD per unit. The total contract price was $9,000,000 USD plus closing costs through its wholly owned…