
Gencom, White Bridge buy InterContinental hotel in downtown Miami for $300M
Karim Alibhai’s Gencom and White Bridge Capital partnered on a nine-figure acquisition of the InterContinental Miami high-rise hotel in downtown Miami, their third joint hotel deal in the past year. The Miami-based firms bought the 34-story, 652-room waterfront hotel overlooking Biscayne Bay at 100

“Incompatible”: Miami Beach shoots down Live Local Act project with 38-story towers, citing zoning conflict
Redevelopment of the Blackstone-owned Southgate Towers in Miami Beach with a 38-story Live Local Act project is a no-go due to a zoning conflict, city officials said in a letter. Southgate Towers LLC filed an application to replace the two 14-story apartment buildings with 495 units at 910 West Ave

Coral Gables captures full block near city hall with medical office acquisition
The city of Coral Gables now owns the entire 400 block on Biltmore Way near city hall with the acquisition of ShareMD’s medical office building after months of negotiations and commission approvals. The city dropped $24 million for the four story, 53,030-square-foot Biltmore Medical Center at 475-4
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