SEARCH RESULTS FOR miami beach

  • 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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  • Two government agencies in Lithuania are investigating the widow of a former prime minister of the country to determine if she and her family hid ownership of a house and a condo in South Florida. … [more]

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  • The owner has relisted a Hallandale Beach penthouse for sale with an asking price of $6.495 million. … [more]

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  • A real estate investment fund closed its $47.3 million acquisition of a Publix-anchored shopping center in Boynton Beach after submitting the winning bid for the property at a bankruptcy auction. … [more]

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  • Construction of a new fishing pier has started in Pompano Beach to replace the city’s hurricane-damaged pier, which was built in 1963. … [more]

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  • Real estate brokerage Cushman & Wakefield negotiated the sale of a two-building office campus in Hollywood for $6.3 million. … [more]

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  • Emerald Palms Venture LP, managed by Sydne Garchik and Stephen Garchik in Delray Beach, just paid $33.44 million for a bundle of affordable buildings in Dania Beach. The 318-unit Emerald Palms Apartments at 5331 Southwest 43rd Terrace sold for $101,157 per unit. The buildings are scattered from each other and lie northeast of the Seminole Hard Rock Hotel and Casino. The sellers were Miami-based Housing Trust Group and Park Place Enterprises, from Jenkintown, Pennsylvania, through their entity, … [more]

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  • Laurence S. Grafstein, managing director and co-head of mergers and acquisitions in the Americas for UBS, just paid $5.2 million for a unit at Oceana Bal Harbour. Grafstein and his wife Rebecca closed on unit 1906-E at the new luxury condo tower at 10201 Collins Avenue, records show. Consultatio Bal Harbour LLC, an affiliate of the developer Eduardo Costantini, was the seller. Oceana Bal Harbour has a total of four upper penthouses, including two that were … [more]

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  • A partnership led by New York developer Steve Witkoff is in contract to buy the Weston Town Center, The Real Deal has learned. Witkoff is paying about $90 million for the property, sources familiar with the deal said, and hopes to transform the sleepy retail complex into a mixed-use retail destination with a potential hotel component. The deal would mark the first purchase in Broward County for the Witkoff, led by Chairman and CEO Witkoff. … [more]

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  • An apartment complex in Jupiter just sold for $26.7 million to an affiliate of the Ohio-based real estate developer company Pleasant Valley Corp., records show. The Sea Brook Place apartment complex at 1026 South US Highway 1 has 104 units, records show. It has about 82,197 square feet, according to Zillow. Mangrove Bay Housing LLC, an affiliate of Palm Beach Gardens-based Eastwind Development led by John F. Weir, sold the multifamily complex for $325 per square feet. … [more]

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  • Telecommunications tycoon Rajendra Singh paid $6.8 million for a unit at the Four Seasons Residences at The Surf Club, property records show. Singh, founder of Telcom Ventures and Digital Service Corp., and his wife Neera closed on unit N-715 at the newly completed development at 9101 Collins Avenue in Surfside. Rajendra Singh made Forbes’ list of the world’s billionaires in 2008 with $1.2 billion. Records show the Singhs own a 13,680-square-foot mansion at 23 Indian Creek Island Road, … [more]

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  • Rapper and producer Bryan “Birdman” Williams is looking to cash out on his Palm Island mansion. The Cash Money Records co-founder is listing his waterfront Miami Beach home at 70 Palm Avenue for $20 million, The Real Deal has learned. His record label is home to artists like Drake, Nicki Minaj and Lil Wayne, who’s been listing his La Gorce mansion for two years. Bankrate pegs Williams’ net worth at about $180 million. Williams bought the house … [more]

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  • Current reader favorites: 1. Once asking $73M, Céline Dion’s Jupiter Island compound sells for $28M 2. Details of proposed Chinatown development in North Miami revealed 3. Star Island home of Lennar founder Leonard Miller hits the market for $49M 4. Zom nabs land, $52M construction loan for Maizon rental tower in Brickell 5. South Beach condo of late architect Zaha Hadid listed for $10M … [more]

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  • The Rubell Family Collection has just taken out a $16 million mortgage on properties it owns in Wynwood, amid plans to move its well-known art collection to Allapattah. According to property records, Rubell Family Collection Realty LLC took out the mortgage from Bank of America for seven properties that the family owns in the St. James Park subdivision of Wynwood. Three lots are located at 73, 81 and 95 Northwest 29th Street. Two others are at 64 … [more]

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  • Car wash equipment manufacturer Paul Fazio just sold his 136,894-square-foot warehouse in Tamarac for $18.5 million to an arm of the Boston private equity firm Cabot Properties, records show. The buyer, CICF I – FL2M01 LLC, paid $135 per square foot for the warehouse at 5606 North Hiatus Road. It lies east of the Sawgrass Expressway and north of Commercial Boulevard. Property records show Fazio bought the land, which stretches nearly 8 acres, in 2000 … [more]

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  • A robust mix of housing types and prices is critical to continued economic and social development in Palm Beach County, but current trends are pricing many average buyers and renters out of the market, forcing them to live far from their jobs or convincing them to move to other cities. That was one of the main messages delivered Wednesday to about 500 developers, housing experts, bankers, community leaders and government officials attending the Palm Beach … [more]

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  • Updated 2:06 p.m., June 1: Beacon Lakes may soon be adding retail, restaurants, and other amenities to the industrial park in northwest Miami-Dade County. Industrial real estate giant Prologis is selling land to retail developer Stiles Corp., which plans to add about 495,000 square feet of open-air shopping space. Beacon Lakes includes tenants such as Amazon.com, UPS and Ryder System, and it expects to add 1,100 more workers with the addition of the NBCUniversal Telemundo Enterprises headquarters, … [more]

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