The estate of Scott Minerd, the late founder and managing partner at Guggenheim Partners, sold the second of two Miami penthouses he planned to combine
Category: Business
Broward weekly condo sales hit $34M
Broward County’s condo sales rose last week, while dollar volume dipped slightly. Brokers closed 134 condo sales totaling $33.5 million from July 28 to Aug.
Shoma lands $30M predevelopment loan for North Bay Village project
Masoud and Stephanie Shojaee’s Shoma Group secured nearly $30 million in financing for its planned North Bay Village condo project. Coral Gables-based Shoma obtained a
Sime Realty founders sell Medley industrial portfolio for $23M
Real estate investors Scott and Belinda Sime sold a Miami-Dade County industrial portfolio for $22.7 million. An affiliate of Miami-based WREV, led by Tyler Workman,
Billionaire Wayne Rothbaum sells second oceanfront Delray Beach lot for $22M
Billionaire Quogue Capital founder Wayne Rothbaum sold a second oceanfront lot in Delray Beach for $22 million, bringing his total sale to $44 million in
Homestead approves 80-year lease for $275M sports-themed mixed-use project
A consortium that includes retired Latin American sports stars landed an 80-year ground lease to develop a $275 million sports-themed mixed-use project in Homestead. Last
Ritz-Carlton developers moving forward with Lincoln Road streetscape plan
The developers of Ritz-Carlton Residences, South Beach are moving forward with plans to revamp a portion of Lincoln Road. Miami Beach commissioners approved a resolution
Billionaire Nelson Peltz takes out $69M mortgage on oceanfront Palm Beach estate
Billionaire investor Nelson Peltz and his wife, Claudia, took out a $68.5 million mortgage on their oceanfront Palm Beach estate known as Montsorrel. Records show
Palm Beach County condo sales surge to $37M
Palm Beach County’s condo sales and dollar volume surged last week. Brokers closed 94 condo sales totaling $37.1 million from July 28 to Aug. 3.
Dubai hospitality firm buys Brickell City Centre dev site for $45M
Dubai-based hospitality firm Kerzner International bought a Brickell City Centre development site for $45 million. The deal marks Swire Properties’ continued divestment of Brickell City