The Wall Street Journal
American Ventures Realty Investors, based in Coral Gables, Fla., has emerged as the front-runner for the acquisition of Bank One Center in Dallas at a price between $215 million and $220 million. According to American Ventures CEO, Philip Blumberg, “We believe it’s an extremely attractive trophy asset and we’re enthused at the […]

Globe Street
New York-based Rreef has recently acquired 255 Alhambra Circle for $60 million or $272 per square foot. According to American Ventures’ president and CEO, Philip Blumberg, ‘this essentially is a win-win transaction. The transaction price also reflects the strength of the commercial real estate market in Florida. Given the robust environment, we anticipate this […]

The Miami Herald
American Ventures Realty Investors, the largest institutional real estate investment manager in Florida, said Wednesday that it has completed the sale of its office tower in Coral Gables to RREEF for about $60 million, or $272 per square foot. American Ventures, which is headed by Chief Executive Philip Blumberg, said it sold the […]

Miami, Aug. 2, 2006 - Blumberg Capital Partners Realty Investors, the largest institutional real estate investment manager in Florida, today announced it has completed the sale of its office tower in Coral Gables, Fla., to RREEF for approximately $60 million, or $272 per square foot. The 220,000 square-foot property at 255 Alhambra Circle had been […]

South Florida Business Journal
American Ventures, Florida’s largest real estate investment firm, has recently sold its office tower in Coral Gables for approximately $60 million. The sale of the commercial real estate was to RREEF for $272 per square foot. According to Philip Blumberg, president and CEO, the most recent price amounts to a 50 percent […]

The Wall Street Journal
Have office prices in South Florida hit their peak? Philip Blumberg, chief executive of American Ventures Realty Investors, thinks so. That’s why the real estate investment firm, based in Coral Gables, Fla, has sold two office buildings in the Miami area…Mr. Blumberg believes he’s seeing the top of the market for “gateway” […]