May
22
HFF Arranges 2.2-Acre Land Sale, Secures JV for Mixed-Use Project Development
ByHFF represented the seller in the development site sale, and secured the JV equity to build a multi-housing/retail project.
Development Site (Marked with Yellow)
Miami—HFF recently announced that the company represented a fund operated by Encore Capital Management, a real estate investment and development firm, in the sale of a fully-approved, approximately two-acre land site in Miami. In addition to the sale, HFF assisted the buyer in raising joint venture equity for the development of a mixed-use, 330-unit multi-housing and retail project on the site.
The Richman Group Development Corporation, a subsidiary of The Richman Group of Florida Inc., which is an affiliate of Greenwich, Connecticut-based The Richman Group, purchased the site free and clear of debt, with the sale price remaining undisclosed…
HFF Arranges 2.2-Acre Land Sale, Secures JV for Mixed-Use Project Development
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