Newcastle Investors sold the tract for $39M after winning entitlements for a multifamily development four years ago.

Miki Naftali’s condo plan must avoid complications from good cause eviction and preserve a special permit from the 1970s.

Keith Menin made a gain selling a pair of commercial spaces in Coral Gables and Coconut Grove leased to his Bodega chain.

Buyers are priced out or are waiting for rates to drop, while sellers are facing pressure to negotiate on prices.