SEARCH RESULTS FOR miami beach

  • A Colonial Revival mansion in Palm Beach, at 1102 North Ocean Boulevard, sold to a trust for $20 million. The price for the 1.4 acre property, which includes a private beach house on North County Road, equals about $328 per square foot. The buyer was listed as 1102 North Ocean Revocable Trust, according to the Palm Beach Daily News. Boca Raton Attorney Stuart Kapp serves as a trustee under Kapp Morrison LLP. The buyer of … [more]

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  • Prominent architect Leo A. Daly III paid about $6 million for a unit at the Four Seasons Residences at The Surf Club, property records show. Daly and his wife Grega G. Daly closed on unit 919 at the newly completed development, at 9101 Collins Avenue in Surfside, via a trust. The architect is the chairman and CEO of Leo A Daly, an Omaha, Nebraska-based architecture, planning, interiors, engineering and program management firm his grandfather founded … [more]

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  • Longtime Fortune International Realty duo Allan Kleer and Fabian Garcia-Diaz left the firm to join One Sotheby’s International Realty, The Real Deal has learned. “We’re making the switch now [because] we’re in a buyers’ market and that makes the global reach more important,” Kleer said. Kleer and Garcia-Diaz were with Fortune for about 15 years, and are bringing two of their three team members with them, Maxim Venjik and Enrique Metauten, and about $140 million worth of listings, … [more]

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  • Current reader favorites: 1. Details of proposed Chinatown development in North Miami revealed 2. Miami commission votes to cut ties with Island Gardens developer Mehmet Bayraktar 3. Church of Scientology “disconnects” with Coral Gables location for $6M 4. Ronny Finvarb snags $27.6M construction loan for new South Beach Kimpton hotel 5. Movers and Shakers … [more]

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  • A former vacation spot left behind by the late starchitect Zaha Hadid has just been listed for $10 million, or $4,350 per square foot, in South Beach. The 2,299-square-foot condo at 2201 Collins Avenue at the W South Beach has three bedrooms and four bathrooms with an ocean view that combines two floor plans, according to Mansion Global. The $500 million, 20-story complex was developed by TriStar Capital. It currently has 26 remaining units for … [more]

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  • Céline Dion finally sold her oceanfront estate on Jupiter Island for $28 million, more than 60 percent less than its original $72.5 million price tag. The Grammy-winning singer-songwriter sold the 5.7-acre compound to a domestic buyer who will use it as a vacation home, the Palm Beach Daily News reported. Jupiter Island Trust, with Paul Friedman as a trustee, is the buyer, property records show. Dion and her late husband, René Angélil, spent nearly $20 million … [more]

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  • Condo sales in Miami-Dade County fell last week by more than $20 million. The priciest deal was the $2.45 million sale of unit 2004 at Continuum North in South Beach. Dolores Urdapilleta of Urdapilleta Real Estate brokered the sale of the two-bedroom, 1,443-square-foot condo. It sold for nearly $1,700 per square foot after 314 days on the market. It features two balconies, Miele appliances and furnishings, according to the listing. The second most expensive condo to … [more]

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  • From the retail issue: Ralph Lauren is packing up its Polo store on Manhattan’s Fifth Avenue. In San Francisco’s Union Square, Saks Fifth Avenue is consolidating and Macy’s will shutter its men’s store after selling the building to Morgan Stanley for $250 million. Macy’s is also looking to unload its Miami Beach flagship store on Lincoln Road as part of its plan to close 100 stores. Across the country, the most trafficked high streets in the … [more]

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  • Ronny Finvarb has nabbed a $27.56 million construction loan for his new Kimpton hotel on Alton Road in Miami Beach, The Real Deal has learned. Finvarb, principal of the Finvarb Group, told TRD that TotalBank is the lead lender, with participating lenders Floridian Community Bank and Apollo Bank. The financing has not yet cleared records. Site work has already begun on the future hotel at 1750 Alton Road, which will be called the Kimpton Hotel Palomar … [more]

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  • Sales and marketing executive Philip Gutman has joined Brown Harris Stevens as executive vice president and managing broker of the firm’s Miami Beach and Key Biscayne offices, Gutman told The Real Deal. Gutman left Douglas Elliman Development Marketing earlier this month, where he was vice president. At BHS, he’ll be tasked with overseeing the firm’s expansion in South Florida and bringing on new developments. BHS entered the Miami market in June 2015 with the purchase of Mark Zilbert’s … [more]

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  • Miami home prices rose 6 percent in March, year-over-year, marking the 11th highest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index. The newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by 0.3 percent from February to March. From January to February, Miami home prices remained flat. U.S. home prices rose 5.8 percent in March, setting a 33-month high. Seattle, Portland and Dallas reported the highest … [more]

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  • Siemens Group hired Douglas Elliman to handle sales of Akoya Boca West, a luxury condo building under construction at the Boca West Country Club and secured registration to market and sell the project in New York. The 139-unit, nine and 10-story luxury condo building is about 30 percent presold, Elliman Florida CEO Jay Phillip Parker said. Siemens, which was previously handling sales in-house, brought on Elliman for its reach into the Northeast, including Long Island, Connecticut and … [more]

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  • Douglas Elliman brought on Cara McClure and Lisa Wilkinson as senior directors of luxury sales in the firm’s Palm Beach office. They were previously with Brown Harris Stevens, where they were the top sales team in 2014 and 2016. Duane Morris LLP is adding six real estate-focused attorneys to its Miami office. Jay Steinman, who will be leading the Miami and South Florida real estate practice, together with partners David S. Drobner and Elaina I. Sodhi, special … [more]

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  • Current reader favorites: 1. Condo financing program could be making a comeback 2. Judge rules in favor of development at Jockey Club 3. Three sets of bidders compete for Rickenbacker Marina redevelopment 4. Biscayne Beach’s neighbors sue over debris-related damage during construction 5. Micro apartments could be coming to North Miami … [more]

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  • UPDATED May 30, 3 p.m.: Real estate brokerage Marcus & Millichap announced the sale of a Days Inn hotel in Pensacola Beach for $13.5 million. The seller, Highland Development Group Inc., got … [more]

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  • City commissioners gave preliminary approval to a developer’s downsized plan to build an apartment building in Dania Beach. The developer, Stellar Homes Group, needs final approval from the city commission as well as county and state approval of its plan to build a three-story, 197-unit apartment building near the intersection of Stirling … [more]

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  • Sunrise-based GL Homes wants to increase the number of homes it can build in Palm Beach County’s Agricultural Reserve, a 22,000-acre zone west of Boynton Beach and Delray Beach, in exchange for preserving land elsewhere in the county. The county government requires that developers conserve 60 acres in the reserve for every 40 acres they develop. GL Homes wants the county to change that rule so it can build more homes on land it owns … [more]

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  • Key International finished a nearly $2 million renovation of a 124-room Hampton Inn & Suites in downtown Gainesville. Hotel management, development and consulting firm LBA Hospitality worked on the renovation project with Key International, which has offices in Miami and Madrid, Spain. … [more]

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  • The owner of a year-old waterfront house on Hibiscus Island in Miami Beach re-listed the property for sale with a reduced asking price of $18.9 million. … [more]

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  • The Islamic Center of Boca Raton bought 19 acres west of Delray Beach on Lyons Road for $4.9 million, or almost $258,000 per acre. The center took a $3.3 million mortgage from the seller, A-1 Holdings of Boca Raton. Bassam Alhalabi, president of the Islamic Center, told the Palm Beach Post the center plans to use the land for future expansion. The center runs a mosque and a school on a 6.6-acre property near Florida … [more]

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