The Real Deal Miami

  • Siesta Key house and adjacent lot will be auctioned

    Heritage Auctions will conduct the May 16 auctions without a minimum bid
    April 23, 2017 10:15AM TRD WEEKEND EDITION

    9230 Blind Pass Road, Siesta Key

    The owner of a gulf-front house and an adjacent lot on exclusive Siesta Key will offer both properties at auction May 16.

    The 8,000-square-foot house at 9230 Blind Pass Road, the southernmost residence on Siesta Key, has 270-degree unobstructed views of the Gulf of Mexico through floor-to-ceiling windows in almost every room. [more]

  • Keiser University borrows $10M to buy 2 campuses

    First Green Bank financed the acquisition of Keiser's Orlando and Daytona Beach campuses
    April 23, 2017 09:15AM TRD WEEKEND EDITION

    Keiser University’s campus in Daytona Beach

    Keiser University obtained a $10 million loan from First Green Bank to acquire two school campuses in Daytona Beach and Orlando.

    “Our campuses are located in the heart of the communities they serve and our educational commitment to the local areas remains long-term,” Joseph Berardinelli, Senior Vice Chancellor of Finance, CFO, and Treasurer of Keiser University, said in a prepared statement.

    Keiser’s $10 million loan from Orlando-based [more]

  • Miami-based Coastal named general contractor for Mystique condo project in Naples

    Condos in the 20-story, 72-unit development are priced from $1.2 million to $9.5 million
    April 22, 2017 04:00PM TRD WEEKEND EDITION

    Rendering of Mystique

    The developer of Mystique, a 20-story luxury condominium in the Pelican Bay area of Naples, selected Miami-based Coastal Construction Group as the general contractor for the project.

    The developer, Pelican 1 Owner LLC, is an equal partnership between the Gulf Bay Group of Companies and international investment firm Kohlberg Kravis Roberts & Co. L.P.

    The Gulf Bay Group, founded in 1986, has developed 14 residential properties along a 1.5-mile stretch of land fronting the Gulf of Mexico within the Pelican Bay area.

    Site work for Mystique, including installation of underground infrastructure for water, sewage and drainage, is substantially completed. [more]

  • Sale brings highest price ever for a Tampa-area home

    A 10-bedroom, 17,000-square-foot estate in Clearwater sold for $11.18 million
    April 22, 2017 03:00PM TRD WEEKEND EDITION

    The Century Oaks estate in Clearwater (Source: Tampa Bay Times)

    A 17,000-square-foot waterfront estate in Clearwater called Century Oaks sold for $11.18 million, the highest sale price ever for a Tampa-area home. [more]

  • Inside

  • Blackstone pays $12.5M for two Orlando warehouses

    The warehouses are among several Orlando properties Blackstone has acquired this month
    April 22, 2017 02:00PM TRD WEEKEND EDITION

    Southport Industrial Center at the Airport Industrial Park of Orlando (Source: Orlando Business Journal)

    An arm of The Blackstone Group bought two warehouses near Orlando International Airport for $12.5 million, or $99 per square foot.

    A unit of Blackstone called Equity Office Management LLC bought the two warehouses from an entity linked to High Street Realty Co., based in Boston.

    High Street Realty had paid $10 million in [more]

  • Trump National Golf Club

    Trump National Golf Club

    As the sun sets on Mar-a-Lago’s season, another Trump property is poised to take over the spotlight.

    After Mar-a-Lago closes for the season in May, Trump is expected to make frequent trips to his typical summer destination of Trump National Golf Club in Bedminster, New Jersey, according to Politico. [more]

  • Alta acquires assemblage near Dadeland Mall for $14.4M

    The development firm plans to build a mixed-use project with more than 400 apartments
    April 22, 2017 12:00PM TRD WEEKEND EDITION

    Henry Pino

    Miami-based Alta Developers this month paid $14.4 million for an assemblage of land on South Dixie Highway near Dadeland Mall for a mixed-use development with 400-plus apartments.

    Alta, led by principal Henry Pino, paid $11 million for a 1.45-acre industrial site at 9600 South Dixie Highway. The seller was WLPW2 LLC, managed by Wendy L. Whitmire. [more]

  • Dallas firm pays over $50 million for five marinas in Palm Beach County

    The buyer acquired marinas in Lantana, the Jupiter area, Palm Beach Gardens and Riviera Beach
    April 22, 2017 11:00AM TRD WEEKEND EDITION

    The Loggerhead marina in Riviera Beach

    Dallas-based Suntex Marina Investors paid more than $50 million to acquire five Loggerhead-branded marinas in Palm Beach County from Jupiter-based Seven King Holdings. Altogether, Seven King sold 11 of its 12 Loggerhead marinas in Florida to Suntex, retaining only its marina in Stuart.

    Suntex bought two marinas in Lantana and one each in Riviera Beach, Palm Beach Gardens and the Jupiter area. The Dallas-based company paid Seven King $25.8 million for its marina in Riviera Beach, $12.8 million for one of its two marinas in Lantana, $9.95 million for its marina near Jupiter, and $8.3 million for its Frenchman’s Marina Resort in Palm Beach Gardens. No deed has been recorded yet for the sale of Seven King’s  marina at the Moorings community in south Lantana. [Palm Beach Post]Mike Seemuth

  • March occupancy up, rates down, at area hotels

    STR says Palm Beach County had the highest March occupancy rate in South Florida
    April 22, 2017 10:00AM TRD WEEKEND EDITION

    Ikona Hotel, 3030 Bayshore Drive, Fort Lauderdale (Credit: Sun-Sentinel)

    Occupancy rates rose at South Florida hotels in March, compared to the same month last year, but room rates declined in the tri-county area, industry tracker STR reported. [more]

  • Home in Boca’s Vintage Oaks goes to auction today

    The home, measuring almost 12,000 square feet, was previously offered for $6.5 million
    April 22, 2017 09:05AM TRD WEEKEND EDITION

    Platinum Luxury Auctions will auction this house in Boca Raton’s Vintage Oaks community today.

    A country club estate in Boca Raton, previously offered for sale for $6.5 million, will be auctioned today. Platinum Luxury Auctions will conduct the auction today without a reserve, or minimum bid. [more]