SEARCH RESULTS FOR miami beach

  • Crescent Heights is putting another Alton Road property on the market. An affiliate of the Miami-based developer, led by Russell Galbut, is listing the parking lot at 824 Alton Road for $8.9 million, listing agent Alex D’Alba of Marcus & Millichap told The Real Deal. He’s co-listing the property with Scott Sandelin. The 18,000-square-foot lot is two blocks away from the developer’s the Wave mixed-use project at 500 and 600 Alton Road. Last month, another Crescent Heights affiliate listed … [more]

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  • The Real Deal South Florida is on Instagram! Our social media channel features snaps of new developments, beachfront condos and celebrity deals around the Magic City, giving you an insider’s look at what’s happening in South Florida real estate, and beyond. Have something to share with us? Send your photo to [email protected] or tag your photos with #TRDSoFla and you could be featured on our Instagram feed. Click here to follow @trdsofla on Instagram. Happy sharing! … [more]

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  • Two years after signing a deal with the Heafey Group to restore the Miami Women’s Club to its original luster, club leaders are moving forward with their renovation plans to turn the historic waterfront property into a restaurant and lounge space. Miami’s Historic and Environmental Preservation Board on Tuesday unanimously approved MWC Development’s request for several waivers needed for the restoration, according to the property owner’s attorney Vicky Leiva. The board had previously approved plans … [more]

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  • The developers of two condo buildings under construction in South Florida and the new owner of a downtown Miami office tower just released new renderings of their projects. Paramount Miami Worldcenter, a 60-story, 562-unit tower, unveiled its penthouse collection of 26 units priced from $3.5 million to $9.5 million. The collection includes 18 single-story units and eight two-story condos ranging from 3,500 square feet to more than 6,000 square feet. The penthouses will be part of … [more]

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  • Current reader favorites: 1. ASRR plans massive two-tower complex at Arts & Entertainment District site in Miami 2. Monad Terrace restructuring its financing amid foreclosure suit 3. Former Italian consul in the Caribbean pays $5.15M for historic hotel in South Beach 4. Miami Beach home tied to Elizabeth Taylor hits the market for $20M 5. Steve Witkoff in contract to buy Weston Town Center: sources … [more]

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  • Charter School Capital, an academic investment group based in Portland, just took out a $38.2 million mortgage for two charter schools it owns in Broward County. KeyBank provided the financing for Champion Academy of Distinction at 3367 North University Drive in Davie and Renaissance Charter School at 6701 West Sunrise Boulevard in Plantation, according to property records. Three affiliates of Charter School Capital took out separate mortgages. AEP Charter Champion Academy LLC borrowed $8.4 million, AEP Charter Renaissance … [more]

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  • UPDATED June 6, 11:30 p.m.: Le Piment, a French bistro with two locations in St. Barts, is opening an eatery in Miami Beach’s South-of-Fifth neighborhood, The Real Deal has learned. The restaurant has signed a lease for 864 Commerce Street, broker Noah Fox of Koniver Stern Group told TRD. Fox represented the landlord, Commerce Street Offices LLC, which is led by his father Nelson Fox, as registered agent, and partners Fox Irrevocable Trust, Koniver Stern … [more]

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  • Florida East Coast Industries President and CEO Vince Signorello resigned from his position on Tuesday with plans to launch his own real estate investment and development firm. Signorello left FECI as the company wraps up construction of its Brightline stations and rail service from Miami to West Palm Beach. He led the Coral Gables-based real estate, transportation and infrastructure company for nine years. “This transition will give me a chance to focus on what I … [more]

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  • Concourse Towers in West Palm Beach just sold for $13.81 million to 2000-2090 Palm Beach Lakes LLC, led by Carlos G. Morrison and Thomas J. Morrison, according to Real Capital Analytics. The two 10-story office buildings at 2000 and 2090 Palm Beach Lakes Boulevard total 130,680 square feet, records show. The sale price breaks down to $92 per square foot. The towers were repossessed by a commercial mortgage-backed securities trust as collateral from borrower 2000 PBL … [more]

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  • Updated 12:10 p.m., June 7: The Related Group just closed on a $115 million construction loan for Hyde Beach House in Hollywood, property records show. The developer secured the financing in an increasingly tight lending environment for condo construction in South Florida. Guggenheim Corporate Funding LLC, an affiliate of the New York-based investment and advisory firm Guggenheim Partners, is the lender. Related’s 4000 South Ocean Property Owner LLLP is the borrower. Related Vice President Eric Fordin told … [more]

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  • ASRR Capital Ltd., the publicly-traded Israeli company led by New York real estate moguls Alex Sapir and Rotem Rosen, is paying $8.8 million for a development site in Surfside in a joint venture with partners, The Real Deal has learned. ASRR Capital and its partners, Tzachi Hagag and Eyal Ben-Yosef, are buying the 28,369-square-foot lot at 8800 Collins Avenue, according to an announcement on the Tel Aviv Stock Exchange. ASRR is taking a 35 percent stake. … [more]

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  • Condo sales in Miami-Dade County jumped last week by more than $30 million in volume. A unit at Terra Group’s newly completed Grove at Grand Bay marked the most expensive condo sale when it closed for $3.24 million. Unit 1201-N hit the market in November for $3.65 million and just traded for about $730 per square foot. Blanca Rivero of Cervera Real Estate represented the developer. The second priciest deal was the $3.2 million sale of Murano … [more]

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  • UPDATED July 5, 4:20 p.m.: Vincenzo Odoguardi just paid $5.15 million for an Italian boutique hotel in South Beach. Villa Italia at 354 Washington Avenue in Miami Beach spans about 6,566 square feet and comes with 13 units. Rates can rang from $140 to $260 a night, according to Expedia. Esprit Sobe LLC, led by Paul Benichou, sold the hotel for about $783 per square foot. Records show Benichou purchased the hotel for $3.8 million, or $578 per … [more]

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  • A Miami Beach mansion in the Sunset Islands just hit the market for $19.9 million. Elizabeth Taylor once lived in the waterfront property in the 1940s, when she was engaged to William Pawley, whose father developed the home. Now, owner 2555 Lake Avenue Home Owner LLC is putting the house at 2555 Lake Avenue on the market with Coldwell Banker’s The Jills. Records show the owner is controlled by Kaloyan Stoyanov with a Geneva address. Stoyanov … [more]

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  • A company tied to West Palm Beach-based Ranger Construction Industries Inc. just scored a $44 million loan for a terminal amid one of the port’s most expensive expansion projects. Property records show Port Everglades Terminal Land LLC secured the financing from BB&T Bank. Ranger is an arm of the family-owned contracting company West Virginia-based Vecellio & Grogan. Vecellio’s previous experience includes building the Port of Palm Beach terminal in 2004, according to its website. The mortgage covers the land at 1200 … [more]

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  • Monad Terrace is restructuring its financing as its lender pursues a foreclosure lawsuit against the developer, sources told The Real Deal. JDS Development Group, Vector Group investment group New Valley, Ackerman Development, Mink Development and others plan to build Monad Terrace, a boutique luxury project in South Beach. The project officially kicked off sales in February in the midst of a luxury condo slowdown. Late last month, Delaware-based lender EO Monad Terrace filed the suit against Monad Terrace … [more]

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  • Another Four Seasons at The Surf Club unit has sold, this time to buyer Todd Green, a senior managing director and portfolio manager with First Manhattan. The Connecticut resident bought unit N-721 at the newly completed 9-acre development at 9101 Collins Avenue in Surfside, property records show. Green’s new unit was sold by Fort Partners under the entity SC Residences Condominiums LLC, records show. The development includes a 72-room hotel, two 12-story residential towers, a … [more]

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  • An affiliate of IMT Residential just sold an apartment community in Margate to the Blackstone Group for $69.9 million. New York-based Blackstone paid $177,000 per unit for the Pinebrook Pointe rental complex at 3495 Pinewalk Drive, according to data from Real Capital Analytics. The 33-acre garden-style complex has about 20 three-story buildings, and it was about 94 percent occupied at the time of the sale. IMT, a Sherman Oaks, California-based apartment operator, paid $51.7 million for … [more]

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  • Minto Communities has started building the sales center for Westlake, a master-planned community in central Palm Beach County where the company plans to build 4,600 homes and 2.2 million square feet of commercial properties. Minto expects to finish the 9,378-square-foot sales … [more]

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  • UPDATED June 6 10 a.m.: Actress and entertainer Rosie O’Donnell reduced the asking price for her 5,700-square-foot house in Northwood from $6.05 million to $5.75 million. Property records show O’Donnell paid $4.975 million for the house three years ago. … [more]

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