DWS sells Coral Gables’ The Alhambra for $120M amid its retreat from office
DWS Group sold a two-building office complex in Coral Gables for $119.6 million, amid the firm’s nationwide divestment from the asset class. Dallas-based Lone Star Funds, Jay Caplin’s Miami-based Square2 Capital and David Moret’s Highline Real Estate Capital bought The Alhambra, consisting of the 14-story building at 2 Alhambra Plaza and the seven-story building at 95 Merrick Way, according to the buyers’ news release. Lone Star Funds is led by Donald Quintin and John Grayken. Square2 and Highline are based in Miami. The buyers obtained a $98.5 million loan from an entity tied to Rialto Capital Management. The debt consists […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Builders don’t have a rate problem, they have a reliability problem
The Love Nest Is Dead—Why Fewer Young Married Homeowners Signal a Major Economic Shift
California’s Billionaire Tax Doesn’t Include Homes—Here’s How Much Wealthy Residents Like Mark Zuckerberg Could Save by Making Key Change
‘Didn’t see that coming’: Real estate brokers react to Real-REMAX deal
Los Angeles Rents Hit 3-Year Low—but Most Residents Still Can’t Afford Them
UWM adds VantageScore alongside FICO for conventional loans
Coinbase exec buys lot on Miami Beach’s La Gorce
ERA Real Estate affiliates form new billion-dollar-plus partnership in California
Housing starts overachieved in March amid warning signs aplenty
Lombardi, Fox Farm jump on spec suite trend with Wynwood office project
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131