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DWS Group sold a two-building office complex in Coral Gables for $119.6 million, amid the firm’s nationwide divestment from the asset class.  Dallas-based Lone Star Funds, Jay Caplin’s Miami-based Square2 Capital and David Moret’s Highline Real Estate Capital bought The Alhambra, consisting of the 14-story building at 2 Alhambra Plaza and the seven-story building at 95 Merrick Way, according to the buyers’ news release. Lone Star Funds is led by Donald Quintin and John Grayken. Square2 and Highline are based in Miami.  The buyers obtained a $98.5 million loan from an entity tied to Rialto Capital Management. The debt consists This article originally appeared on The Real Deal. Click here to read the full story.

Moishe Mana added another development site to his Wynwood portfolio, paying $33.5 million for two vacant adjoining parcels. Mana, the largest landowner in Wynwood, acquired the 0.7-acre assemblage at 2661-2701 Northwest Fifth Avenue, Devlin Marinoff with Miami-based Dwntwn Realty Advisors told The Real Deal.  Marinoff and Tony Arellano, also with Dwntwn Realty Advisors, marketed the site on behalf of the sellers, David Edelstein’s TriCap and Robert Levine’s Ral Development. Both firms are based in New York. The sellers listed the properties for $59.5 million last year. “We had a lot of prospective buyers, but in a rising interest rate environment, This article originally appeared on The Real Deal. Click here to read the full story.

Google co-founders Larry Page and Sergey Brin have been shopping for luxury homes in Miami, and Page is the mystery buyer who spent more than $100 million on a waterfront estate that sold at the end of the year, The Real Deal has learned.  The two billionaires are among the wealthiest in the world. Page is No. 2 with a net worth of $272 billion, and Sergey Brin is No. 4 with a net worth of $253 billion, according to Bloomberg.  Page is the buyer of the Banyan Ridge in Coconut Grove, sources told TRD. The 4.5-acre waterfront compound at This article originally appeared on The Real Deal. Click here to read the full story.

Spec developer Michael Klinger and his wife Michelle Klinger sold a home in Golden Beach for $27.1 million, marking a record price for bayfront homes in the neighborhood.  Klinger sold the house at 194 South Island Drive to a Delaware entity, a spokesperson confirmed. The deed has yet to appear in public records and the true buyer is unknown.  Dina Goldentayer with Douglas Elliman and Joel Lusky with the Brokerage South Florida Real Estate had the listing. Jonathan Mann with the Jills Zeder Group at Coldwell Banker Realty brought the buyer.  Michael Klinger is the founder of Saber Real Estate This article originally appeared on The Real Deal. Click here to read the full story.

Boca Raton officials moved to tighten oversight of city land deals, approving an ordinance that requires two public hearings and findings that justify how the deals will help the public.  The measure, approved by the city council Tuesday night by a vote of 3 to 1, was approved more than a month after a judge blocked a proposed referendum that would have required any sale or lease of public land larger than a half-acre to be approved by Boca Raton voters instead of just elected officials. The blocked referendum, which garnered thousands of signatures from registered voters, and the new This article originally appeared on The Real Deal. Click here to read the full story.