South FloridaOct 27, 2024The Weekly Dirt: Miami River developers tap Alan Faena’s star power440-unit development gets a fresh start with branding, sales launch
South FloridaOct 23, 2024Alan Faena heads to the Miami River: Fortune, KAR to launch Faena-branded condosNew Faena District planned for the riverfront where two-tower, 400-unit luxury project will be built
South FloridaOct 2, 2023Karmely’s KAR Properties pays off $128M condo inventory loan for 2000 OceanMadison Realty Capital provided the debt in January of last year
South FloridaFeb 3, 2023Soaring costs and slowing demand complicate South Florida condo projectsAs buyers grow impatient, developers get creative to move projects along
South FloridaFeb 2, 2023Soaring costs and slowing demand stymie South Florida condo projectsAs buyers grow impatient, developers get creative to move projects along
South FloridaJan 5, 2023Fortune, KAR score financing for One River Point condo towerBank OZK is providing the line of credit
Tri-StateNov 13, 2022Inside Shahab Karmely’s historic East Hampton mansionDeveloper went all-in on renovation of 5-acre property
South FloridaNov 4, 2022Karmely, Defortuna revive plans for stalled One River Point condo towerJV paid $59M for planned site of One River Point
South FloridaNov 3, 2022Billionaire Dan Loeb selling Wynwood site to Brooklyn developer1-acre site could be developed into about 250 residential units
South FloridaJul 26, 2022Suffolk sues for $16M, alleging unpaid work at Shahab Karmely’s Hallandale Beach condo project 64-unit 2000 Ocean was completed in December
South FloridaJan 5, 2022Shahab Karmely nabs $128M condo inventory loan for new Hallandale projectDeveloper declined to disclose the number of units sold for 2000 Ocean
South FloridaMay 21, 2021Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City CentreFortune Development Sales will relist the 81 units for sale
South FloridaApr 13, 2020Only 20% of Related Group’s commercial tenants paid rent in AprilShahab Karmely called an extended shutdown a mistake
South FloridaDec 21, 2018Shahab Karmely lands $103M loan for 2000 Ocean in Hallandale BeachApollo REIT is the lender for the 64-unit beachfront project
South FloridaAug 27, 2018Fortune takes over condo sales of KAR Properties’ 2000 Ocean in HallandaleDouglas Elliman was handling sales of the 64-unit luxury condominium
South FloridaOct 19, 2017Shahab Karmely launches sales of luxury condo project in HallandaleUnits start at $2.8M
South FloridaSep 14, 2017Where did Miami’s real estate players ride out Hurricane Irma?They're trickling back from places like NYC, LA, Montreal and Buenos Aires - and some stayed put in South Florida
South FloridaMay 25, 2017Miami board vote paves way for KAR’s Miami River restaurant and yacht club complexIn addition to the restaurant, the developer is proposing a fish market and yacht charters
South FloridaMay 8, 2017WATCH: Shahab Karmely talks the Miami River, market challenges, and One River Point
South FloridaApr 27, 2017WATCH: Panelists discuss SoFla development opportunities, condo financing at Broward showcase