Little Havana Retail Gets CMBS Nod

MIAMI—Six retail properties in Miami’s Little Havana and Brickell neighborhoods have gained the confidence of investors as Miami’s retail market continues posting growth. HFF arranged a $12.2 million senior refinancing for the 64,939-square-foot portfolio for Barlington Group. UBS Investment Bank provided the 10-year fixed-rate CMBS loan.

“This long-term CMBS loan will help The Barlington Group execute on its vision for Calle Ocho, ensuring that Little Havana’s growth of local art and unique restaurants will continue,” Chris Drew, a director at HFF, tells GlobeSt.com. HFF associate director Jose Carrazana and real estate analyst Maxx Carney also worked on the deal.