Luxury deals slowed during the holiday week, after an early November surge, but a private equity billionaire still managed to find a buyer for his
Category: Business
Car dealer snaps up waterfront Fort Lauderdale mansion for $26M
Car dealer Alan Jay Wildstein bought a waterfront mansion in Fort Lauderdale for $26 million and a steep discount to the listing price. Records show
OKO, Cain score $630M refi for 830 Brickell amid South Florida lending flurry
Vlad Doronin’s OKO Group and Cain International scored a $630 million refinancing for their 830 Brickell office tower. The deal comes amid strong lending in
St. Regis Sunny Isles construction loan boosted to $418M
Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach. Little
Remembering Robert A.M. Stern: A look at the starchitect’s South Florida projects
Robert A.M. Stern died last week at the age of 86, leaving behind the legacy of a 60-year career designing schools, libraries, museums, and, most
Allen Morris scores $139M construction loan for Coconut Grove project
Allen Morris Company secured a $138.5 million construction loan for its mixed-use Ziggurat development in Coconut Grove, The Real Deal has learned. Coral Gables-based Allen
Stone Creek Ranch mansion sells for $31M after price cuts
Dan Dagesse, the head of a Northeast car dealership empire, sold his Stone Creek Ranch mansion for $30.5 million. It’s a steep price cut from
Prologis sells fully leased industrial assets for $53M in softening market
Prologis lightened its South Florida industrial portfolio after selling three Broward County warehouses for $53.1 million. An affiliate of Arnet Pharmaceuticals, led by CEO Jose
South Beach penthouse tops slow holiday week of pending sales
A penthouse at Murano Grande in South Beach led a slow week of new signed contracts in Miami-Dade County. The pending deal for the nearly
Turnberry, Simon expand Aventura Mall with $131M purchase of Esplanade project
Aventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store.