Cam Group Acquires 2.05-Acre Site At 760 Ponce de Leon Boulevard In Coral Gables, Slated For Redevelopment
An affiliate of Miami-based Cam Group has acquired an older office building in Coral Gables for $18.5 million with redevelopment plans. B & B Investments Management, managed by Wilfred Braceras in Miami, sold the 2.05-acre site at 760 Ponce de Leon Blvd., along with 112 and 120 Avila Court, to 760 Ponce De Leon LLC, led by Pedro Camejo and Joel Campo of Cam Group. The buyer secured a $13 million mortgage from Granada Financial.