Miami

The Esplanade apartment building will open next year in unincorporated Miami-Dade County north of Miami Shores and east of Biscayne Park, an area posed for growth and development.

Both inside and out of the courtroom, the Smith, Currie & Hancock partner has spent a lifetime learning how properties are assembled.

The Jacksonville-based REIT reports that Martin E. “Hap” Stein, Jr. will transition from chairman and CEO to executive chairman, effective Jan. 1, 2020. He has served as the company’s CEO for more than a quarter century.

The unit sale prices at the downtown condominium tower start at over $4 million.

Equus Capital Partners also announced on Thursday that an affiliate acquired a four-building office portfolio totaling 299,614 square-feet in Aurora and Denver, CO.

KKR and Banyan Street Capital are planning an additional $5 million in capital improvements that they state will address enhancements to the fitness center, retail concourse, outdoor plaza and tenant elevator landings and corridors.

The IRS will vacate more than 32,000 square feet in the third quarter of this year, which will lower the building's occupancy to 61.1% and create what Cushman & Wakefield terms as a tremendous value-add opportunity for Capstone.

Edenderry has acquired the six-story, 68,174-square-foot Bank of America office building at 1313 NW 36th St. for $7.7 million.