A Puerto Rico-based developer won city approvals for a mixed-use development in Hallandale Beach with 116 rentals, including 17 affordable housing units with below-market rents.
Category: Business
Terra lists Coconut Grove land leased to defunct Location Ventures
David Martin’s Terra is seeking to unload land underneath a Coconut Grove site complicated by a ground lease with Location Ventures, the defunct development firm
Brickell residents lose fight against 13th Floor, Key’s 80-story condo behind Presbyterian church
Brickell residents opposing a planned 80-story condo tower behind the First Miami Presbyterian Church lost their fight. On Thursday, Miami commissioners voted 4-0 against opponents’
Terra, Turnberry score $392M construction loan for Miami Beach convention center hotel
David Martin and Jackie Soffer’s long-planned convention center hotel in Miami Beach is moving forward. Martin’s Terra and Soffer’s Turnberry secured a $392 million construction
Copart expands South Florida portfolio, nabs Palm Beach County auto yard for $65M
Copart beefed up its South Florida portfolio, paying $65 million for a Palm Beach County auto yard where the company stores and sells used vehicles.
“I don’t trust you”: Judge denies bond for alleged Hammocks fraud ringleader Marglli Gallego
Marglli Gallego, accused of leading the alleged massive Hammocks fraud, will remain in jail. Miami-Dade Circuit Criminal Court Judge Laura Cruz shot down Gallego’s attorney’s
Terra, Fortune pay record $205M for waterfront Key Biscayne development site
David Martin partnered with Edgardo Defortuna to pay a record $205 million for a Key Biscayne development site where they plan a 56-unit ultra-luxury condo
Dorissa of Miami in Wynwood hits market for roughly $25M
Dorissa of Miami, a storied property that once played a role in Wynwood’s garment industry, hit the market for roughly $25 million, The Real Deal
2000 Ocean closing tops Broward weekly condo sales
Broward County’s condo sales and dollar volume rose last week. Brokers closed 201 condo sales totaling $74.1 million from Mar. 30 to Apr. 6. The
Texas man drops $15M on oceanfront Highland Beach mansion
A Texas businessman dropped $15 million on an oceanfront Highland Beach mansion. Records show David P. Pfeil bought the house at 4217 South Ocean Boulevard