Miami

Late last month, Bridge Development Partners acquired the 304,428-square-foot complex from Sherm Realty Corp., an affiliate of Weston, FL-based Apotex Corp. for $38 million.

Brass Enterprises acquired the recently developed 348-unit community in January from The Allen Morris Company of Coral Gables, FL in a deal valued at $107.6 million.

Some of the major developments underway at the project include the 85% sold Paramount Miami condominium tower, which is on-track for completion in May 2019.

Last October, the partnership of Vanderbilt Office Properties and Barron Collier acquired Sawgrass Pointe II, a 95,800 square-foot office building, also located within the Sawgrass International Corporate Park.

Located on a prime site at Glades Road and 95th Avenue South in West Boca Raton, Uptown Boca will feature 456 Class A luxury apartments and 171,806 square feet of upscale retail space.

The initiative to create the Regatta Harbour mixed-use project being developed by The TREO Group of Miami recently produced a welcome tangible result with the opening of the Regatta Harbour Marina.

HFF represented the seller and worked with the buyer in the transaction to secure the acquisition financing from New York Life Insurance Co. Loan proceeds were used to acquire the property and provides additional capital for an upcoming building renovation, HFF reports.

Momentum Real Estate has thus far acquired 4,100 multifamily units valued at more than $550 million.