Miami

Colliers International South Florida negotiated the sale of 1.17 acres offering development potential for a 60-story tower with special conditions or 36 floors otherwise.

The portfolio totals 1.27 million square feet of office space. SREIT is managed by Starwood REIT Advisors L.L.C., a subsidiary of Starwood Capital Group.

Originally constructed in 1947 as a 10-story office building, 1501 Locust St. was expanded and repurposed into a luxury boutique building in 2010 featuring 29 large apartment units averaging 1,009 square feet and three commercial units totaling approximately 5,000 square feet.

GlobeSt.com recently turned to Bob Swindell, president of the Greater Fort Lauderdale Alliance, to discuss the factors that have been driving job growth in the region and Broward County's rapid transformation from beach town to boomtown.

A Hunton Andrews Kurth team represented the developer seeking a combination hotel-condo construction loan.

The Major League Soccer group asked Miami-Dade County to set a closing date for a $9 million land purchase.

The two garden-style apartment communities—Doral View at 901 NW 97th Ave. and Town Fontainebleau Lakes at 1062 NW 87th Ave. were sold by Miami-based Related Group and Boston-based Rockpoint Group.

Morning Calm Management has been growing its footprint in the Detroit MSA over the past 12 months, having closed on three transactions in the area prior to the Promanas portfolio acquisition, Newmark Knight Frank states.