SEARCH RESULTS FOR miami beach

  • The Related Companies is bringing back plans to build a 25-story office tower in downtown West Palm Beach. Related, led by Miami Dolphins owner Stephen Ross, will go before the city’s Downtown Action Committee on Wednesday. It will seek approval for the Class A building at 134 and 142 Lakeview Avenue and 809 South Flagler Drive, according to plans filed with the city. More hedge funds and financial firms are expected to move to downtown … [more]

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  • A family tied to one of the country’s largest drugstore chains snagged a unit at The Bristol in West Palm Beach for $11 million, as the condo development nears sellout. Pamela Applebaum, acting as a trustee of the Eugene Applebaum family trust, purchased unit 2003 at the building. The Applebaum family owned Arbor Drugs, a Troy, Michigan-based drugstore chain that CVS bought for $1.48 billion in 1998. Before it was sold, Arbor Drugs was the … [more]

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  • Metals executive mines Miami Beach home

    December 06, 2019 08:45AM

    Metals executive Jesús Alberto Arias closed on a waterfront mansion on Palm Island, records show. Arias, chairman of Sierra Metals, paid $11.8 million for the 13,089-square-foot home at 55 Palm Avenue in Miami Beach. Todd David Snyder and Jessica Molly Snyder sold the eight-bedroom, 12-bathroom estate. The house was listed for $13.8 million with Lourdes Alatriste of Engel & Völkers. Alatriste declined to comment on the deal. Darin Tansey of Douglas Elliman represented the buyer, … [more]

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  • 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 5:45 p.m. The founder of Cash4Gold bought a waterfront home in Miami Beach’s La Gorce Island for $19.6 million. The home sold at a 44 percent discount from its listing nearly four years … [more]

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  • A company tied to AquaBlue Group owner Philippe Harari is looking to sell a South Beach apartment complex for $13.9 million. Greenview Courtyard, at 2021-2035 Meridian Avenue, across from the Miami Beach Golf Club, includes three buildings with a total of 30 units. The price breaks down to about $463,000 per apartment. Harari’s Greenview Courtyard Inc. paid $2 million for the property in 2002, records show. Harari owns AquaBlue, a Miami Beach-based luxury homebuilder. Marcus … [more]

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  • CitizenM scored a $48.3 million construction loan to build a new hotel at the former site of Perricone’s Marketplace & Cafe in Brickell. The hotelier secured the loan from Manufacturers and Traders Trust Co. for the 252-key hotel at 955 South Miami Avenue in Miami. The Netherlands-based hotel chain is also planning to build hotels in Miami Beach, on the corner of Alton and Lincoln roads, as well as in downtown Miami as part of … [more]

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  • Developer Moishe Mana sold a 1937 home in Miami Beach to a buyer who plans to build a new modern mansion on the property. Mana’s Martini Realty LLC sold the 5,492-square-foot home at 420 South Hibiscus Drive on Hibiscus Island to 420 S Hibiscus Drive SFH LLC, a Delaware company, for $12 million. Mana, who has amassed a huge portfolio of land in Wynwood and downtown Miami, paid $5.2 million for the home in 2013. … [more]

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  • Amid the annual hoopla of Miami Art Week, the top dogs at Diesel provided a sneak peek of their Wynwood condo project, which joins a wave of luxury retailers breaking into South Florida real estate development. The Italian fashion brand’s founder Renzo Rosso and his son Andrea Rosso held court inside the Diesel Wynwood 28 sales gallery Wednesday morning, answering questions about the 143-unit project, as well as giving reporters a virtual reality tour of … [more]

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  • The founder of Cash4Gold bought a waterfront home in Miami Beach’s La Gorce Island for $19.6 million. The home sold at a 44 percent discount from its listing nearly four years ago. Jeff Aronson and his wife Carolyn bought the 10,094-square-foot estate at 100 La Gorce Drive for $1,941 per square foot. Rapa Holdings, which is managed by Andrew Feldman, sold the property. That sale price was a significant price chop from 2016, when it … [more]

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  • Related Group plans to launch preconstruction sales for an oceanfront condominium in Pompano Beach in the first quarter of next year, The Real Deal has learned. Related’s Nick Pérez, son of Related Chairman and CEO Jorge Perez, said asking prices for the 105-unit, Arquitectonica-designed tower will be “definitely under $1,000” per square foot. It has been eight years since Miami-based Related acquired the 2.8-acre development site at 1116 North Ocean Boulevard, where a temporary on-site … [more]

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  • 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. Blackstone sells Weston hotel for $12 million. Blackstone sold a 94-key Marriott hotel in Weston for $12.38 million, three years after purchasing the property. The New York-based private equity firm sold … [more]

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  • Lawsuit seeks to halt new EB-5 regulations

    December 04, 2019 05:00PM

    Less than a month after the new EB-5 rules came out, a Florida regional center has filed a motion in federal court, seeking a temporary restraining order to halt enforcement. The company, Florida EB5 Investments, alleges the new requirements — which took effect Nov. 21 — violate the U.S. Constitution, were not properly reviewed for potential fallout and will end up killing business. The case could have far-reaching implications, with dozens of regional centers across … [more]

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  • Developer David Martin dropped the price of his Grove at Grand Bay penthouse to $19.8 million, a 29 percent cut from the original preconstruction price. Martin has the unit listed with Eloy Carmenate, Mick Duchon, John Gomes, Fredrik Eklund and Pietro Belmonte of Douglas Elliman. The 10,118-square-foot, six-bedroom condo, at 2675 South Bayshore Drive, was relisted in 2018 with Carmenate and Duchon for $25 million. Martin’s Terra developed the Bjarke Ingels-designed project, a pair of … [more]

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  • A charter school in Palm Beach Gardens sold for $21.2 million amid a growing interest in non-traditional schools from out-of-state investors. Kansas City, Missouri-based EPR Properties sold the 74,872-square-foot Franklin Academy at 5651 Hood Road for $283 per square foot, records show. A company tied to New York-based RM Charter Holdings bought the property. Franklin Academy’s campus spans 10 acres and includes a gymnasium and athletic fields with jogging paths and fitness stations. It was … [more]

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  • Billionaires Len Blavatnik and Vlad Doronin are partnering to build the first Aman-branded development in the Miami area. Blavatnik’s Access Industries and Doronin’s OKO Group plan to build two towers on the site of the former Versailles Hotel at 3425 Collins Avenue in Miami Beach, according to a press release. The hotel and branded condos will be part of the Faena District. Doronin is also chairman and CEO of Aman, a luxury hotel group based … [more]

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  • Anatomy gym to open in Coconut Grove

    December 04, 2019 08:45AM

    Luxury gym concept Anatomy will open in Coconut Grove next year. Anatomy inked a lease for 14,500 square feet at Regatta Harbour, The Real Deal has learned. Treo Group is developing the mixed-use project at 3385 Pan American Drive. Anatomy will be located in ground-floor retail space on the south side of the development. Anatomy has two other locations in the area: one near Midtown Miami at 3415 Northeast Second Avenue in Miami, and another … [more]

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  • 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 … [more]

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  • Yes, Art Basel is about the art. But there’s far more going on. This week, real estate and art converge in Miami as developers, brokerages, architects and hotels will showcase their luxury projects to the upscale crowd. Brokerage firms are sponsoring art fairs, condo projects will have parties and exhibits — one will include a flying car — architects are showcasing their work. Meanwhile, museums and hotels are offering soirees during the event: Art Basel … [more]

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  • 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. The couple is planning to keep their full-time residence in New York and will use the sprawling 10-bedroom waterfront estate at 1415 South Ocean Boulevard as a vacation home. Beauty … [more]

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  • 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. The property at 7109 and 7233 North Seacrest Boulevard is just off of I-95. Ben Bruner of Bruner Group represented the buyer in the deal. David Emihovich … [more]

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