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CORAL GABLES, FLA. — A Florida-based developer has acquired a 1.4-acre multifamily site in Coral Gables for $8.5 million. The site was one of two vacant sites along Ponce De Leon Boulevard. Rosendo Caveiro and Brad Capas of Cushman & Wakefield represented the seller in the transaction. The Roseview Group engaged a local broker on behalf of the lender and oversaw the preparation of the marketing package.