Gil Dezer, Related complete Residences by Armani/Casa, hedge funder, wife drop $105M for Palm Beach estate

A daily roundup of South Florida real estate news, deals and more for Dec. 3, 2019

Miami /
Dec.December 03, 2019 06:00 PM

Every day, The Real Deal rounds up South Florida’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page throughout the day. Please send any tips or deals to [email protected]

This page was last updated at 6:00 p.m.

 

Diamonds aren’t forever: Seybold Building jeweler claims owner won’t relocate his store. A jeweler at the Seybold Building in downtown Miami claims the landlord is about to put the store out of business as a result of an ongoing renovation project. Nemaro Jewelers, which is four years into a 15-year lease, is suing Seybold owner Flagler Street Associates in Miami-Dade Circuit Court for allegedly breaching the lease agreement. [TRD]

 

Justise Winslow scores Coral Gables home. Miami Heat player Justise Winslow put down roots in Coral Gables. The small forward and point guard paid $3.3 million for the 7,354-square-foot, six-bedroom home at 506 Sunset Drive, property records show. [TRD]

 

Tommy Lee Jones sells Wellington equestrian estate for $11M. Oscar winning actor Tommy Lee Jones sold his Wellington equestrian estate for $11 million. Jones sold two parcels totaling 50 acres at 12550 40th Street South for $220,00 per acre, records show. The property sold to Maureen Brennan of Wellington. [TRD]

 

Gil Dezer, Related complete Residences by Armani/Casa. Residences by Armani/Casa in Sunny Isles Beach scored its temporary certificate of occupancy, and closings are expected to begin this week, The Real Deal has learned. Gil Dezer, CEO of Dezer Development, said the 308-unit luxury condominium tower at 18975 Collins Avenue received its TCO on Friday, and closings are scheduled to begin this Friday. [TRD]

 

Beasley sells 24 acres in Parkland for new park. The city of Parkland dialed into the radio station network Beasley Media Group to purchase a site where it plans to build a new 36-acre park. [TRD]

 

Walmart sells former Sam’s Club in Lake Worth. A vacant former Sam’s Club in Lake Worth sold for $13 million and could be redeveloped into an auto dealership. A company tied to real estate developer and aircraft industry investor Robert G. Fessler bought the 135,000-square-foot building from Sam’s East, owned by Walmart, for $96 per foot. [TRD]

 

Hedge funder, wife drop $105M for Palm Beach estate. Billionaire hedge funders and investment managers are flocking to Palm Beach, buying high-end homes to escape paying taxes in New York City.But not Steven Schonfeld and his wife Brooke, who tied the record for buying the priciest home in Palm Beach for $105 million. [TRD]

 

A Miami board is looking at Special Area Plans. A Miami board is seeking to look at Special Area Plans, which have allowed developers to build higher density projects in places such as Little Haiti and Brickell, according to the Daily Business Review. Special area plans, or SAPs, allow developers of nine or more abutting acres to build higher and denser than normally allowed if they build affordable housing or parks. [DBR]

 

Deaths involving Brightline come under scrutiny. More than 40 people have died in deaths involving a Brightline train, a rate of more than once a month, according to an analysis of Federal Railroad Administration data compiled by The Associated Press. None of Brightline’s deaths were the result of a crew error or faulty equipment, according to law enforcement and federal reports. The majority of deaths have been suicides. [Associated Press]

 

President Trump indicates a trade war with China could go on past the 2020 election. Trump said he had “no deadline” to end a trade negotiation with China, during a visit to Europe for a NATO meeting, the Wall Street Journal reported. The Trump administration plans to impose tariffs on smartphones, toys and other products from China on Dec. 15. [WSJ]

 

Compiled by Keith Larsen


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