Joshua S. Andino

Staff Writer

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>Real estate investment firm and developer Mast Capital has broken ground on Cipriani Residences Miami after securing $600 million in construction financing, the largest in Florida's history, for an 80-story ultra-luxury tower expected to become the Brickell Financial District’s new southern gateway.</p></div></div>

United States

Multifamily

Mast Capital Starts Construction on Cipriani Residences Miami, Marks New Southern Entrance to Miami’s Brickell Financial District

Developer Secures Largest Construction Loan in Florida History for 80-Story Miami Tower

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The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Developer Secures Largest Construction Loan in Florida History for 80-Story Miami Tower

Mast Capital Starts Construction on Cipriani Residences Miami, Marks New Southern Entrance to Miami’s Brickell Financial District

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