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