The Real Deal Miami

  • Goldman Sachs nixes $1.7B hotel sale to Moody National

    Change in funding costs to blame
    August 03, 2015 04:00PM

    From left: Goldman Sachs CEO Lloyd Blankfein and Moody National CEO Brett Moody

    From the New York website: Goldman Sachs opted out of a deal to sell 149 U.S. hotels to Moody National, for $1.73 billion.

    An increase in funding costs is to blame for the decision, according to a spokesperson from Moody National REIT I, a non-traded real estate investment fund. The potential acquisition deal was disclosed in a regulatory filing in May. The seller wasn’t disclosed at that time. [more]

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  • Largest vacant lot on North Bay Road listed for $20M

    Listing includes plans for a modern, two-story, 18,507-square-foot mansion
    August 03, 2015 03:30PM
    The Jills and 5840 North Bay Road

    The Jills and 5840 North Bay Road

    A nearly 1-acre waterfront lot on North Bay Road has been listed by Jill Hertzberg and Jill Eber of Coldwell Banker, The Jills announced on Monday. [more]

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  • The week in luxury: A map of Miami-Dade’s priciest condo sales

    An interactive look at where the biggest deals were struck
    August 03, 2015 03:00PM By Sean Stewart-Muniz
    map Unit 1001 in the Green Diamond on Miami Beach and a map of most expensive condo sales last week

    A handful of multimillion-dollar closings topped this week’s list of Miami-Dade County’s most expensive condo sales, according to data from condo.com. [more]

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  • Residential supply in WPB to increase by 4,000 units

    Most expensive project is the Bristol, with an average price tag of about $10M
    August 03, 2015 02:15PM By Dan Weil
    CityPlace West Palm Beach and the Bristol

    CityPlace West Palm Beach and the Bristol

    West Palm Beach has more than 20 condominium and multifamily projects planned or under construction, and almost all of that is in downtown West Palm.  [more]

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  • Inside therealdeal.com

  • Adler buys vacant lot near Miami River for $14.25M

    Site is zoned for up to 36 stories
    August 03, 2015 01:30PM By Sean Stewart-Muniz
    The property at 230 Southwest 3rd Street

    The property at 230 Southwest Third Street

    Adler Group, a Miami-based real estate company, just paid $14.25 million for a chunk of vacant land next to the Miami River. [more]

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  • NY partnership spends $12M in Wynwood

    Buyers plan to keep tenants, which include Wood Tavern and Plant the Future
    August 03, 2015 12:45PM By Katherine Kallergis
    Ralph Tawil and the Wood Tavern building

    Ralph Tawil and the Wood Tavern building

    A partnership between New York-based Centurion Realty, Jameson Realty and Link Real Estate has purchased a 15,502-square-foot property in Wynwood for $12.24 million, The Real Deal has learned. [more]

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  • PHOTOS: On the scene at Canvas brokers dinner

    NR Investments secured a $75M loan for the planned 37-story tower in April
    August 03, 2015 12:00PM
    party From left: Lis Benitez, David Foulquier and Enrique DelCampo

    Developers of Canvas, a 513-unit condominium tower planned for Miami’s Arts & Entertainment District, recently held a 50 Top Miami Brokers dinner. [more]

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  • Sam Herzberg boosts loan to $75M on Lincoln Road property

    Last recorded sale for 927 Lincoln Road was in 1997 for $3.25M
    August 03, 2015 11:15AM By Katherine Kallergis
    Map of the Sterling Building, inside walkway and Sam Herzberg

    Map of the Sterling Building, inside walkway and Sam Herzberg

    The Sterling Building on Lincoln Road landed a $29 million boost to its existing mortgage, Miami-Dade County records show. [more]

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  • Brickell development site hits market for $32.8M

    Lot could be built up to 60 stories
    August 03, 2015 10:30AM By Sean Stewart-Muniz
    The property at 90 Southwest 8th Street and Alfonso Jaramillo of Fortune International Realty

    The property at 90 Southwest 8th Street and Alfonso Jaramillo of Fortune International Realty

    A corner lot directly across from Brickell City Centre has been put up for sale, and its listing agent says the property has already brought in attention from international hotel brands. [more]

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  • Adult entertainment firm buys Miami Gardens site for $15M

    RCI operates strip club Tootsie's Cabaret on site
    August 03, 2015 09:45AM By Katherine Kallergis
    Miami Gardens warehouse

    Miami Gardens warehouse

    An adult entertainment company has picked up a warehouse, showroom and strip club in Miami Gardens for 15,300 stacks, or $15.3 million, according to Miami-Dade County records.

    An affiliate of RCI Hospitality Holdings, a publicly traded operator of strip clubs, nightclubs and adult entertainment websites, was the buyer. Strip club Tootsie’s Cabaret, part of RCI’s portfolio, already operates at the property.

    An LLC tied to New York City-based Mount Kellett Capital Management sold the 14-acre site at 18201 Northwest Second Avenue, according to Miami-Dade County records.   [more]

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