Loews Corporation is getting a $305 million refinancing of the loan backing its oceanfront Miami Beach resort. The financing is for the 5-acre, 790-key hotel
Category: Business
Palm Beach considers closing Mar-a-Lago in response to road closure
With the high season just around the corner, Palm Beach is considering closing Donald Trump’s Mar-a-Lago Club to members, guests and events. The town is
13th Floor lands $83M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction
13th Floor Investments landed an $83 million construction loan for a planned 398-unit apartment complex in Hallandale Beach. The deal comes as South Florida is
Sergio Pino’s widow, brother at odds over Century Homebuilders
Sergio Pino’s widow and his brother sat on opposite sides of a downtown Miami courtroom as their attorneys argued over who should oversee the late
Naftali scores $35M loan for planned Miami Worldcenter high-rise
Naftali Group secured a $35 million pre-development loan for its mixed-use condo and rental tower at Miami Worldcenter. The New York-based developer obtained the financing
Billionaire Bill Malhotra plans 220-room hotel in Pompano Beach
Claridge Homes, a Canadian real estate development company led by billionaire Bill Malhotra, plans to build a 15-story, 220-room Courtyard by Marriott hotel near the
Bessemer Trust sells Palm Beach building for $19M, opting for newer digs
Bessemer Trust sold a Palm Beach office building for $18.7 million to a mystery buyer. New York-based Bessemer, a private wealth management firm, sold the
Price revealed: Billionaire Larry Ellison dropped $277M for Eau Palm Beach Resort in Manalapan
Billionaire Larry Ellison dropped $277.4 million for the 310-unit oceanfront Eau Palm Beach Resort & Spa in Manalapan. Ellison, a co-founder of software company Oracle,
Location Ventures’ court-appointed receiver sells incomplete Coconut Grove spec home for $18M
The court-appointed receiver managing defunct Location Ventures’ assets sold an unfinished Coconut Grove spec mansion for $17.5 million after fighting off a lender’s attempt to
Developer lands $85M construction loan for Hallandale Beach condo tower, as South Florida financing defies nationwide slump
Developer Giuseppe Iadisernia scored an $85 million construction loan for a 250-unit Hallandale Beach condo tower. The deal comes as South Florida construction lending continues