MIAMI—There's been plenty of talk about the land rush in South Florida lately. The latest example is The Related Group's move to snap up a 4.5-acre development site along Biscayne Bay in Miami.
HFF marketed the property exclusively on behalf of the seller, Equity Residential. Related Group purchased the site for $29 million.
The HFF investment sales team representing the seller was led by executive managing director Manuel de Zárraga and director Jaret Turkell. Real estate analysts Scott Wadler and Maurice Habif supported the brokers.
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