BELLINGS

JBL Asset Management Buys Retail Condo Near Miami Design District

Alta Developers sold off a retail condo near the Miami Design District for $17.3 million, property records show. JBL Asset Management purchased the 25,504-square-foot asset on the ground floor of the Quadro condo building. The property at 3900 Biscayne Boulevard faces train…

Alta Developers sold off a retail condo near the Miami Design District for $17.3 million, property records show. JBL Asset Management purchased the 25,504-square-foot asset on the ground floor of the Quadro condo building. The property at 3900 Biscayne Boulevard faces train…

BELLINGS Intelligence Score: 8

Why it matters

This is a routine real estate acquisition by an asset manager with no broader market or credit implications, representing ordinary business activity in a localized retail property market.

Sources

  • Commercial Observer

    JBL Asset Management Buys Retail Condo Near Miami Design District

    Alta Developers sold off a retail condo near the Miami Design District for $17.3 million, property records show. JBL Asset Management purchased the 25,504-square-foot asset on the ground floor of the Quadro condo building. The property at 3900 Biscayne Boulevard faces train…