Turkish developer Okan Group scored $200 million in C-PACE financing for its Hilton-branded condo-hotel tower under construction in downtown Miami. The lender is Coral Gables-based
Category: Business
Lennar sells majority control of multifamily division to TPG after years of losses
Lennar Corp., the country’s second-largest homebuilder, sold its majority stake in its multifamily development division to San Francisco-based asset management firm TPG. Lennar will hold
Boca Raton mixed-use project scores $74M Bank OZK construction loan
A Compson Associates-led joint venture landed a $74 million construction loan for a planned mixed-use complex in Palm Beach County that started construction last month.
Gencom finances Ritz-Carlton Coconut Grove acquisition with $12M loan
Gencom is retaking full ownership of the Ritz-Carlton Coconut Grove. An affiliate of Miami-based Gencom, led by Karim Alibhai, bought partner Hersha Hospitality Trust’s majority
Nutrition moguls sell waterfront Coconut Grove mansion for $72M
Shaklee Corp. CEO Roger Barnett and his wife, journalist Sloan Barnett, sold their waterfront Coconut Grove mansion for $71.9 million, marking the latest high-priced trade
Midtown lands $84M debt for Flagler Village apartments amid supply overhang
Midtown Capital Partners scored an $84 million construction bridge loan for its Flagler Village apartment project. Miami-based Midtown Capital is expected to complete the 252-unit
Oil mogul finds buyer for West Palm Beach lots asking $16M
An oil mogul is in contract to sell an assemblage of lots on West Palm Beach’s South Flagler Drive after listing them for $16 million.
Robert Rivani says restaurateur owes $10M-plus over failed Wynwood steakhouse lease
Robert Rivani is going after restaurateur Derek Gonzalez of Goat Hospitality Group for $10.5 million over a failed plan to open a steakhouse in Wynwood.
Auto dealer Craig Zinn pays $27M for waterfront Hillsboro Beach mansion
South Florida auto dealer Craig Zinn paid nearly $27 million for a waterfront mansion in Hillsboro Beach. Zinn acquired a 10,600-square-foot home on Hillsboro Mile,
British investor bags $72M for Palm Beach mansion in year’s first trophy deal
British investor Pamela W. Starret sold a lakefront estate in Palm Beach for $72 million, marking one of the first trophy deals on the island