Real Estate Rumors: Michael Shvo, Terra, GDC

By Andrew McIntyre (September 26, 2019, 6:28 PM EDT) -- Investors Michael Shvo and Serdar Bilgili are buying the Coca-Cola Building in Manhattan for $955 million, The Real Deal reported on Thursday, citing sources with knowledge of the matter. The venture is buying the 11-story, 354,000-square-foot property at 711 Fifth Ave. from Wafra Capital Partners and Nightingale Properties, which bought the building earlier this year, according to the report.

Developer Terra Group has landed $185 million in financing for a project in Miami's Coconut Grove neighborhood, the South Florida Business Journal reported on Thursday. The loan from Mack Real Estate Credit Strategies is for 2655 S. Bayshore Drive, where Terra is planning...

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