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175 SW 7th Street, Suite 2205 Miami, FL 33130

The Real Deal  |  March 19, 2018

BGI Capital

Miami-Dade is getting its first Nathan’s Famous standalone restaurant.

The hot dog restaurant chain will open in a 2,500-square-foot space at 8946 Southwest 40th Street, according to its lender BGI Capital. Nathan’s also has a kiosk at Miami International Airport.

The building’s owner Jose Graibe closed on a $2.5 million loan for the property. Graibe will operate the Nathan’s Famous shop with his family. The space was previously occupied by a cigar shop.

Nathan’s Famous was founded in 1916 in Coney Island by Polish immigrants Nathan and Ida Handwerker. Since then, the company has turned into a public chain of fast food restaurants specializing in hot dogs, with a market cap of about $260 million.

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Biltmore Parc Developer Scores Condo Inventory Loan For Unsold Units
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Biltmore Parc developer scores condo inventory loan for unsold units

Coral Gables developer Alirio Torrealba closed on a condo inventory loan for unsold units at Biltmore Parc. Torrealba’s MG Developer secured a $7.75 million loan from BGI Capital, according to a press release. The financing comes as MG Developer hired One Sotheby’s International Realty to take over remaining sales of its Coral Gables developments, including 11 condos at Biltmore Parc. Fortune International Realty previously handled sales for MG Developer.
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