Developer Michael Shvo is no longer involved in the Raleigh Miami Beach, the trophy asset he planned to redevelop into a luxury condo and hotel
Category: Business
St. Regis Bal Harbour $188M CMBS loan heads to special servicing
Facing a maturity date next month, a $188 million commercial mortgage-backed securities loan tied to the St. Regis Bal Harbour Resort is being transferred to special servicing, according to
Mark Wahlberg drops $33M on flipped Stone Creek Ranch mansion
Mark Wahlberg dropped $32.6 million on a flipped mansion in the gated Stone Creek Ranch neighborhood near Delray Beach. Wahlberg’s Closest to Delray LLC, managed
Florida Supreme Court denies rehearing for Two Roads in Biscayne 21 Miami condo buyout case
Florida’s Supreme Court denied Two Roads Development’s request to hear the case involving a complex condo buyout in Miami’s Edgewater, effectively ending Two Roads’ legal
Creating a compound: Investor buys neighboring Sunset Islands waterfront teardown for $34M
Investor Edmond Harbour dropped $34 million to buy his Sunset Islands neighbor’s teardown, bringing his total spent on two adjacent lots to $60.5 million. His
More Live Local towers on tap: Miami board approves two in Wynwood Norte, Overtown with nearly 800 units total
A Miami design review board greenlit two Live Local Act projects in Wynwood Norte and Overtown with nearly 800 units, combined. ABH Developer Group, led
Miami board approves two major projects in Midtown and Edgewater
A pair of massive projects in Midtown Miami and Edgewater easily passed a city architectural aesthetics examination. On Wednesday, the Miami Urban Development Review Board
Resident scores $114M refi for 279-unit apartment tower in Edgewater
Resident Group scored a $113.8 million refinancing for its 279-unit Metro Edgewater apartment tower. The deal marks a continuing lending boom in South Florida, despite
Price revealed: The Weeknd pays record $50M for Gables Estates mansion
The Weeknd closed on a waterfront mansion in gated Gables Estates for $50 million, making it the most expensive home ever sold in Coral Gables.
Terra and New Valley nab $130M refi for northwest Miami-Dade multifamily project
Terra and New Valley landed a $129.7 million refinancing for Natura Gardens, a 460-unit apartment community in northwest Miami-Dade County. New York Life Insurance Company