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ARC Sells Office Building In Doral For $12M

Private equity firm ARC sold a two-story office building next to the future Jackson West Hospital in Doral for $12.05 million.

The Miami-based firm sold the 97,476-square-foot 2500 Building at 2500 Northwest 79th Avenue for $123 per square foot, according to a press release. The buyer is a company tied to Ada Valdivia of Miami.

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Foreign Investors Continue to Prefer Industrial Assets, Latest AFIRE Survey Reveals

Once again in 2019, foreign investors in U.S. commercial real estate indicated they would most like to increase their allocations to industrial properties, according to this year’s survey by the Association of Foreign Real Estate Professionals (AFIRE), an organization promoting cross-border real estate investment.

Seventy-nine percent of 2019 survey participants said they would like to increase their exposure to U.S. industrial real estate, with multifamily investment coming in second, with 71 percent of respondents saying they would like to increase their exposure to the property type.

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