After years in limbo, the 600,000sf, 40-story, class A office building, which was located at 600 Brickell and formerly known as Brickell Financial Center, will get get built it seems. The developers were trying to secure construction financing which had been unobtainable following the financial crisis; however, it seems they have finally succeeded in getting a $130 million loan from Canyon Capital Realty Advisors. This appears to be a solid sign that the commercial market is making its way back to normalcy seeing as construction loans are generally perceived as the most risky despite the fact that this location and project are first class. To read more details of this story visit GlobeSt.com.
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