Biscayne

Oak Row Equities Officially Breaks Ground on 2600 Biscayne Boulevard in Miami’s Desirable Edgewater Submarket

Retrieved on: 
Monday, April 22, 2024

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    “We are thrilled to be breaking ground at 2600 Biscayne.
  • We are focused on delivering the highest quality multi-family and office product to the Edgewater submarket,” said Erik Rutter, Managing Partner at Oak Row Equities.
  • "2600 Biscayne will dramatically enhance the caliber of multifamily and office space in Edgewater and really create a new upper tier for these asset classes in South Florida," says David Weitz, Managing Partner at Oak Row Equities.
  • 2600 Biscayne will have EV charging stations and over 600 parking spaces for added convenience.

Oak Row Equities Closes $181M Construction Loan from Bank OZK for 2600 Biscayne Boulevard in Edgewater, Miami

Retrieved on: 
Tuesday, March 12, 2024

The transaction is one of the largest mixed-used construction loans to close in South Florida in the past year.

Key Points: 
  • The transaction is one of the largest mixed-used construction loans to close in South Florida in the past year.
  • View the full release here: https://www.businesswire.com/news/home/20240312237731/en/
    Oak Row Equities, a vertically integrated private equity and real estate development company with over $1.6B of development in South Florida, just closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a Class AAA office and multifamily tower in Miami’s Edgewater submarket.
  • (Photo: Business Wire)
    “We’re thrilled to close on this sophisticated transaction, one of the largest mixed-use loans in Miami this year,” says Erik Rutter, Managing Partner of Oak Row Equities.
  • “Oak Row Equities is a top-tier sponsor and Bank OZK is pleased to partner with this impressive team on financing for 2600 Biscayne Boulevard,” stated Greg Newman, Senior Managing Director of Originations at Bank OZK.

Bilzin Sumberg Expands Real Estate Practice With Addition of Joseph Hernandez as Partner

Retrieved on: 
Tuesday, June 6, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230606005359/en/
    Joseph Hernandez joins Bilzin Sumberg as Partner in the Firm's Real Estate Practice.
  • Hernandez brings 30 years of experience in law, real estate development and finance, and banking.
  • Today, his legal practice centers on real estate acquisitions, dispositions, development, financing, leasing, joint ventures, and capital raises.
  • “Bilzin Sumberg clients look to our Real Estate Practice as a resource for navigating sophisticated developments and transactions in all asset classes,” said Bilzin Sumberg Managing Partner Albert E. Dotson, Jr. “Joe has been working across a range of sectors with clients in all corners of the real estate landscape for three decades.

What’s Next in Outdoor Living?

Retrieved on: 
Monday, January 23, 2023

“We offer a robust portfolio of outdoor living products designed to work together so contractors and homeowners can create cohesive, stylish and sustainable spaces.

Key Points: 
  • “We offer a robust portfolio of outdoor living products designed to work together so contractors and homeowners can create cohesive, stylish and sustainable spaces.
  • “The subtle hues and nature-inspired nuances of Lineage boards are sought after by design-savvy homeowners looking to elevate the aesthetics and ease of their outdoor spaces.
  • Heating up the Trex ® Outdoor Furniture ™ portfolio is a series of stylish and easy-to-operate fire pit tables.
  • “The allure of sitting by an outdoor fire is hard to rival or resist,” added Adkins.

CP Group Announces 46,000 SF in New Leasing at One Biscayne Tower in Miami, Florida

Retrieved on: 
Friday, September 23, 2022

CP Group , the largest office landlord in Florida and Downtown Miami, today announced it has finalized two leasing agreements at One Biscayne Tower a best-in-class, 38-floor office tower in Downtown Miami.

Key Points: 
  • CP Group , the largest office landlord in Florida and Downtown Miami, today announced it has finalized two leasing agreements at One Biscayne Tower a best-in-class, 38-floor office tower in Downtown Miami.
  • The new deals come approximately one year after CP Group acquired One Biscayne Tower .
  • The recent leasing activity at One Biscayne Tower follows the leasing of two full floors, totaling nearly 51,000 SF, to global cruise line operator Royal Caribbean at the end of 2021.
  • We are happy to welcome Quest to our growing ecosystem of tenants at One Biscayne Tower and retain CMA, said John Osborne, Senior Vice President at CP Group.

Carpe Real Estate Partners Rebrands as Oak Row Equities

Retrieved on: 
Friday, July 1, 2022

Today Carpe Real Estate Partners, a vertically integrated real estate private equity and development company, founded by Erik Rutter and David Weitz in 2018, announced a rebrand to Oak Row Equities.

Key Points: 
  • Today Carpe Real Estate Partners, a vertically integrated real estate private equity and development company, founded by Erik Rutter and David Weitz in 2018, announced a rebrand to Oak Row Equities.
  • Oak Row Equities is one of Miami's fastest-growing real estate development firms with active projects in Wynwood, North Miami Beach, Edgewater, and the Design District.
  • Carpe Real Estate Partners rose to prominence in Miami for its complex adaptive reuse project The Oasis.
  • The inspiration for the name Oak Row Equities comes from the row of oak trees lining the entrance to The Oasis, which was the first large landscape installation designed by the partners.

Lionheart Strategic Management LLC and Bank OZK Provide $150 Million in Funding to Two Roads Development for Residential Development in Miami

Retrieved on: 
Thursday, May 26, 2022

MIAMI, May 26, 2022 /PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an SEC-registered investment advisor that was formed in 2017 as the asset management affiliate of Fisher Brothers, today announced that it will be providing a $45 million mezzanine loan to Two Roads Development, backed by a $105 million senior mortgage loan from Bank OZK. The financing will be used to fund the acquisition of an existing condominium in the Edgewater neighborhood of Miami in preparation for the future development of an ultra-luxury branded residential development on the property.

Key Points: 
  • MIAMI, May 26, 2022 /PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an SEC-registered investment advisor that was formed in 2017 as the asset management affiliate of Fisher Brothers, today announced that it will be providing a $45 million mezzanine loan to Two Roads Development, backed by a $105 million senior mortgage loan from Bank OZK.
  • "This closing signifies our bullish investment thesis in South Florida development and the Miami market in particular," said Andy Klein, Managing Director and Co-Head of Investments at Lionheart Strategic Management.
  • We are excited to partner with Bank OZK and Two Roads Development on this endeavor and look forward to all this project will bring to the area."
  • "We are pleased to partner with Lionheart and Bank OZK on this exciting new development."

Turk Hospitality Ventures Announces the Launch of Biscayne Coffee, An Eco-Friendly Coffee Brand Dedicated to Preserving Biscayne Bay, in Miami, Florida

Retrieved on: 
Monday, May 23, 2022

MIAMI, May 23, 2022 /PRNewswire-PRWeb/ -- Hospitality industry expert Steve Turk, founder of Turk Hospitality Ventures and creator of The Hospitality Mentor Podcast, is excited to announce the launch of Biscayne Coffee. This newly developed eco-friendly coffee brand was founded with a giving spirit and a big idea: to enjoy delicious coffee roasted in Miami while helping save Biscayne Bay and the wildlife that inhabit it for future generations to enjoy. 10% of all Biscayne Coffee sales will be donated to the Biscayne Bay Foundation, a nonprofit organization based in South Florida, whose mission is to increase awareness of the health, safety, and sustainability of waterways on Biscayne Bay.

Key Points: 
  • Biscayne Coffee features a variety of delicious hand-crafted, locally brewed, Fairtrade gourmet coffee, as well as coffee mugs, tumblers, and branded merch.
  • Biscayne Coffee's product lineup includes:
    Biscayne Blend Dark Roast: This is Biscayne Coffee's signature blend originating from Indonesia, Central, and South America.
  • Passionate about the preservation of Biscayne Bay and his hometown, Turk was witness to a life-changing experience at Biscayne Bay that inspired the creation of the coffee brand.
  • Additionally, Biscayne Coffee is the official sponsor of the " Good Morning Hospitality " podcast and the "Morning brew" newsletter.

Trex Unveils Transcend® Lineage™

Retrieved on: 
Monday, May 16, 2022

WINCHESTER, Va., May 16, 2022 (GLOBE NEWSWIRE) -- Trex Company , the worlds largest manufacturer of wood-alternative composite decking and leader in high-performance, low-maintenance outdoor living products, is expanding on the impeccable pedigree of its premium Transcend decking line with the introduction of Trex Transcend Lineage .

Key Points: 
  • WINCHESTER, Va., May 16, 2022 (GLOBE NEWSWIRE) -- Trex Company , the worlds largest manufacturer of wood-alternative composite decking and leader in high-performance, low-maintenance outdoor living products, is expanding on the impeccable pedigree of its premium Transcend decking line with the introduction of Trex Transcend Lineage .
  • Trex Transcend Lineage boards feature an elevated aesthetic with subtle, elegant graining that delivers an unmatched natural appearance.
  • Trex Transcend Lineage decking will be available regionally beginning in June.
  • To learn more about Trex Transcend Lineage, visit http://www.lineage.trex.com .

CARNIVAL CRUISE LINE REVEALS NEW MIAMI-THEMED ZONE ABOARD CARNIVAL CELEBRATION

Retrieved on: 
Wednesday, March 23, 2022

MIAMI, March 23, 2022 /PRNewswire/ -- Carnival Cruise Line is revealing a new Miami-themed zone aboard Carnival Celebration, which will arrive to PortMiami this November. Named after the address of Carnival's original headquarters, 820 Biscayne will celebrate the culture, architectural styles and flavors of the home city where the line was founded in 1972.

Key Points: 
  • MIAMI, March 23, 2022 /PRNewswire/ -- Carnival Cruise Line is revealing a new Miami-themed zone aboard Carnival Celebration, which will arrive to PortMiami this November.
  • For additional information on Carnival Cruise Line and to book a cruise vacation, call 1-800-CARNIVAL, visit www.carnival.com , or contact your favorite travel advisor or online travel site.
  • Carnival Cruise Line, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is proud to be known as America's Cruise Line with a total of 23 ships, sailing from 14 U.S. homeports and employing more than 40,000 team members from 120 nationalities.
  • As part of its 50th Birthday festivities, Carnival Celebration, sister ship to Mardi Gras, is scheduled to debut in late 2022 from PortMiami, as well as Carnival Jubilee from Galveston in 2023.