Historic "Biscayne Building" Transacts for $24.5 Million

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The Biscayne Building in Downtown Miami sold Friday to developer Moishe Mana for $24.5 million. This fourteen-story, ninety-two year old office tower stands at the direct northwest corner of Miami Avenue and Flagler Street. Mana reportedly plans on renovating the historic building.

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488-Unit Alister Boca Raton Sells for nearly $71 Million

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Fairfield Residential sold the Alister Boca Raton apartment complex yesterday for nearly $71 million. Buyer Mill Creek Residential funded the sale with a new loan of $46 million with CBRE.

The Alister Boca Raton apartment complex consists of 488 units built in 1988. It is within minutes of a Publix Supermaret as well as the Boca Dunes Golf & Country Club. It is slated for renovation in 2016.

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