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SoFla briefs: Greystar plans Fort Lauderdale rental tower, Shahab Karmely’s secret financial partner revealed … & more!
From the June issue: Shahab Karmely’s KAR Properties arrived on the South Florida scene with a series of big, all-cash purchases, spending more than $112 million buying up parcels along the Miami River and in Hallandale Beach and Wynwood. Billionaire Jeff Greene has closed on a bulk $24.7 million purchase at the Whitney condo building in West Palm Beach. Greystar paid $19.5 million for an office building in downtown Fort Lauderdale and has plans to develop a high-rise rental tower on the site.