FCP bought a 400-unit apartment complex in Sunrise for $90 million. Chevy Chase, Maryland-based FCP bought the Arium Sunrise complex at 1501 Northwest 124th Terrace
Category: Business
Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses
The owner of a boat storage facility in Dania Beach plans to replace the property’s marina with two spec warehouses. Banyan Bay Marine Center won
Developer buys renovated Boca Raton mansion for $16M, as busy season heats up
Developer Mitchell Robbins bought a renovated waterfront Boca Raton mansion for $16.2 million, as South Florida real estate’s busy season hits its stride. Records show
Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Investor Raoul Thomas is having a hard time stemming the collapse of his commercial real estate portfolio. Recently, Thomas’ CGI Merchant Group lost its Coconut
Oceanfront Lost Tree Village house sells for record $32M, latest Palm Beach County pricey deal
An oceanfront house in North Palm Beach’s Lost Tree Village sold for $31.9 million, making it the most expensive home ever sold in the gated
Alexander twins, Ohad Fisherman could be tried together in state rape case as early as May
Oren and Alon Alexander could have a joint trial on state rape charges, alongside family friend Ohad Fisherman, as early as May. Oren, a former
White Oak scores $67M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang
White Oak Development scored a $67 million construction loan for a 286-unit apartment project in Davie. Coral Springs-based White Oak and Los Angeles-based Ares Management
Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
A lender for Nightingale Properties is the new owner of a Miami Beach building that played a leading role in the downfall of Nightingale CEO
Doug Levine cashes out of another Wynwood project, sells office condos for $24M
Crunch Fitness founder Doug Levine is burning more weight off his commercial portfolio in Miami’s Wynwood neighborhood. Levine, who leads Miami Beach-based Big Move Properties,
100 Las Olas closing tops Broward weekly condo sales
Broward County’s condo sales and dollar volume rose last week. Brokers closed 101 condo sales totaling $32.6 million from Feb. 16 to Feb. 23. The