Wednesday, January 30, 2013

Heitman Pays $92M for Miracle Marketplace

National Commercial Real Estate News From CoStar Group

Heitman Pays $92M for Miracle Marketplace

Heitman LLC has acquired the Miracle Marketplace located at 3301 Coral Way in Miami, FL for $92 million, or about $379 per square foot.

The 243,047-square-foot, class A, seven-story, vertically oriented retail power center, the only power center in the area, was originally built in 1986 on 3.5 acres in the Coral Way / Miracle Mile submarket of Miami/Dade County. The asset is 97 percent leased, with three floors of big-box retail anchored by Nordstrom...

THIS IS IT! Deadline to Submit Deals for 2012 CoStar Power Broker Awards is Feb.1!

The deadline to submit or confirm your 2012 deals before CoStar tallies all the deals that closed during the year and bestows CoStar Power Broker Awards on the winning firms and individual brokers is next week!

Our research confirmed that a huge number of deals closed at year-end. Don't miss out. Make sure all your deals are accounted for before the February 1, 2013 closing date for award consideration.

Each year, CoStar Group is proud to recognize...

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