Issue
Soaring costs and slowing demand complicate South Florida condo projects
By Katherine Kallergis | February 03, 2023 09:45AM
On a tree-lined street north of downtown Coconut Grove, a boutique condo building sits unfinished. The windows and doors...
Soaring costs and slowing demand complicate South Florida condo projects
Fortune, KAR score financing for One River Point condo tower
By Katherine Kallergis | January 05, 2023 02:30PM
Developers Edgardo Defortuna and Shahab Karmely secured financing for their planned waterfront condo project along the Miami River. Defortuna’s...
Fortune, KAR score financing for One River Point condo tower
Karmely, Defortuna revive plans for stalled One River Point condo tower
By Katherine Kallergis | November 04, 2022 05:45PM
Developer Shahab Karmely sold a waterfront site on the Miami River for nearly $59 million to a joint venture...
Karmely, Defortuna revive plans for stalled One River Point condo tower
Billionaire Dan Loeb selling Wynwood site to Brooklyn developer
By Katherine Kallergis | November 03, 2022 03:30PM
Billionaire hedge fund manager Daniel Loeb is in contract to sell a Wynwood site to Brooklyn developer LIVWRK for...
Billionaire Dan Loeb selling Wynwood site to Brooklyn developer
Suffolk sues for $16M, alleging unpaid work at Shahab Karmely’s Hallandale Beach condo project
By Katherine Kallergis | July 26, 2022 10:30AM
Suffolk Construction is suing the developer of the luxury condo project 2000 Ocean in Hallandale Beach, seeking at least $16 million in damages tied...
Suffolk sues for $16M, alleging unpaid work at Shahab Karmely’s Hallandale Beach condo project
Shahab Karmely nabs $128M condo inventory loan for new Hallandale project
By Katherine Kallergis | January 05, 2022 11:48AM
UPDATED, Jan. 6, 11:15 a.m.: Developer Shahab Karmely closed on a $128 million condo inventory loan for an oceanfront...
Shahab Karmely nabs $128M condo inventory loan for new Hallandale project
Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
By Katherine Kallergis | May 21, 2021 01:30PM
UPDATED, May 24, 1:45 p.m.: Swire Properties sold the remaining condos at Brickell City Centre in Miami, allowing the...
Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
Only 20% of Related Group’s commercial tenants paid rent in April
By Katherine Kallergis | April 13, 2020 04:30PM
Only 20 percent of the Related Group’s commercial tenants paid their rent in April, executive Jon Paul Pérez said...
Only 20% of Related Group’s commercial tenants paid rent in April
Shahab Karmely lands $103M loan for 2000 Ocean in Hallandale Beach
By Katherine Kallergis | December 21, 2018 05:30PM
UPDATED, Dec. 21, 6:30 p.m.: Shahab Karmely’s KAR Properties just secured a $103 million construction loan for 2000 Ocean,...
Shahab Karmely lands $103M loan for 2000 Ocean in Hallandale Beach
Fortune takes over condo sales of KAR Properties’ 2000 Ocean in Hallandale
By Katherine Kallergis | August 27, 2018 06:00PM
Fortune International Group took over the exclusive sales and marketing of 2000 Ocean, a luxury oceanfront condo planned for...
Fortune takes over condo sales of KAR Properties’ 2000 Ocean in Hallandale