The Latest Shopping Center Business News

New York’s Evolutionary Retail

With several new projects under construction and demographics in the boroughs changing, 

New York’s retail scene is evolving.

 

Roundtable moderated by Jerrold France and Randall Shearin

CBRE Arranges Sale of Single-Tenant Property Occupied by Doral Ale House for $5.8 Million

Doral, Fla. – The 9,767-square-foot casual dining restaurant was constructed in 1999.

CBRE has arranged the sale of a single-tenant retail property leased to Doral Ale House. The buyer, Biscayne Ale LLC, purchased the property for $5.8 million from DAH Property LLC, a Florida-based private investor. CBRE's Todd Weintraub represented the seller and the buyer in the transaction. The sale included a 1.31-acre parcel subject to a ground lease with five years remaining plus options. The 9,767-square-foot casual dining restaurant was constructed in 1999 on a high-traffic commercial corridor west of the Miami International Airport.

— Scott Reid

 

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