A joint venture scoops up half a block of Washington Avenue for $36 million—and borrows $45 million against it.
July 08, 2015 at 12:00 AM
1 minute read
A joint venture has scooped up half a block of South Beach for $36.4 million and obtained a loan for $45 million backed by the property.
Washington Squared Owner LLC, a company tied to New York investment firm Imperial Cos. and Miami Beach’s Turnbridge Equities, bought the east side of Washington Avenue between Sixth and Seventh streets, public records show.
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