REBusinessOnline

JONES LANG LASALLE ARRANGES NOTE SALE

Posted on by in Other, Southeast

MIAMI — Jones Lang LaSalle and Jones Lang LaSalle Hotels, on behalf of Capmark Bank, has arranged the sale of the senior promissory note secured by the Omni Center and Hilton Miami Downtown, located at 1501, 1645 and 1701 Biscayne Blvd. in Miami. The note had a principal balance of $161 million and represented approximately 78 percent of the total senior mortgage balance of $206 million. The buyer, a joint venture between the Related Group of Florida, Tate Capital Real Estate Solutions and ROK Acquisitions, was represented by Jubeen Vaghfi and Denny St. Romain of Jones Lang LaSalle's Miami office and Gregory Rumpel of Miami-based Jones Lang LaSalle Hotels.

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