Moishe Mana’s Wynwood portfolio grows again with $34M purchase

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.