Spanish billionaire Amancio Ortega’s Ponte Gadea bought a 259-unit apartment tower in downtown Fort Lauderdale for $165 million, marking one of South Florida’s biggest multifamily
Category: Business
Wonder Woman’s Lynda Carter sells Surf Club Four Seasons condo for $20M
Lynda Carter, best known for portraying Wonder Woman, sold her condo at Four Seasons Residences at the Surf Club for $19.5 million. Records show Carter,
Close to home: Trump admin renting three Palm Beach houses in Mar-a-Lago Security Zone
The Trump administration is leasing three Palm Beach homes near the president’s Mar-a-Lago Club, and the rates are some of the highest price-per-square-foot rents on
Kastelo, 4TRO launch sales for Delray Beach townhome project
Partners Kastelo Development and 4TRO Development are launching sales for a Delray Beach townhome project, The Real Deal has learned. Casa Avenida at 102 Southeast
Related, Merrimac score $160M loan for Waldorf Astoria Residences Pompano Beach
The Pérez family’s Related Group and the Motwanis’ Merrimac Ventures secured a $160 million construction loan for their Waldorf Astoria Residences Pompano Beach condo development,
Homeowner fires legal torpedo at Barrington Brothers’ latest El Portal project
An El Portal homeowner is seeking to overturn the controversial approval of Barrington Brothers’ next multifamily project in the village. Jerilyn Kobrick sued El Portal
In $90M deal, Blackstone unloads another South Florida industrial property
Blackstone’s South Florida industrial sell-off is chugging along with the $90.2 million sale of three Miami-Dade warehouses. Including its latest divestiture, the New York-based investment
Alden Global-linked entity sells West Palm spec mansion for $17M
An entity linked to the investment firm Alden Global Capital sold a waterfront West Palm Beach spec mansion for $16.8 million after a year on
Redwood Dev Co scores $126M refi for 350-unit multifamily portfolio in north Miami-Dade
Redwood Dev Co scored a $126.3 million refinancing for a 350-unit multifamily portfolio in north Miami-Dade County. The deal comes as lending continues to flow
Broward weekly condo sales climb to $43M
Broward County’s condo sales and dollar volume rose in the last week of May. Brokers closed 127 condo sales totaling $43.4 million from May 23