David Burstyn and Brian Sidman’s Redwood Dev Co bought 223 newly built townhomes in two projects for $80 million. Miami Beach-based Redwood bought the 174-unit
Category: Business
Palm Beach County weekly condo sales surge to $63M
Palm Beach County’s condo sales and dollar volume rose in the last week of May. Brokers closed 129 condo sales totaling $62.6 million from May
Miami-Dade’s taxable property values reach $512B, as growth slows
Taxable property values in Miami-Dade keep growing, but momentum is easing — and condos are dragging down the market, according to the property appraiser’s latest
Barry Sternlicht’s Starwood sells West Palm retail center for $133M
Barry Sternlicht’s Starwood Capital Group sold a Whole Foods-anchored shopping center in West Palm Beach for $133.2 million. An affiliate of Atlanta-based Invesco purchased The
Grover Corlew scores $92M construction loan for 312-unit apartment project in Fort Lauderdale
Grover Corlew scored a $92 million construction loan for a 312-unit apartment project in Fort Lauderdale. The deal comes as lending continues to flow in
Mansion in Boca Raton’s most expensive neighborhood sells for $32M
A family that made its fortune in perfumes sold their late mother’s waterfront Boca Raton mansion for $31.5 million in an off-market deal. It marks
Indefinitely deferred: Massive Little Haiti project remains mysteriously pending for four years
Four years ago, Justin Podolsky’s proposed massive mixed-use project in Miami’s Little Haiti overcame a major hurdle. The 5.9 million-square-foot development made it past a
$20M Surf Club Four Seasons closing tops Miami-Dade weekly condo sales
Miami-Dade County’s condo sales and dollar volume surged in the last week of May. Brokers closed 129 condo sales totaling $151.4 million from May 23
Onyx Tower in Hallandale Beach trades for $52M, buyer scores $77M loan
A 28-story office tower in Hallandale Beach traded for $52.2 million, and the buyer landed a $77.2 million loan. Aventura-based Inmobiliaria Brom, through its affiliate
Zach Vella-led partnership could lose Wynwood buildings to foreclosure
Four Wynwood commercial buildings owned by a Zach Vella-led partnership are facing foreclosure less than a year after they were purchased. On May 21, an