A developer dropped $21 million on a waterfront Sunset Islands teardown — and immediately listed it for rent for $30,000 a month. Records show Glenn
Category: Business
Estate scores $110M refi for North Miami Beach apartment tower, as financing continues to flow
Estate Companies landed a $110 million refinancing for its completed North Miami Beach apartment tower. Los Angeles-based Ares Management provided the refinancing for the 23-story
Abacus Capital pays $33M for 620-unit dev site in Palm Beach Gardens, amid record multifamily pipeline
Abacus Capital Group paid $32.5 million for a multifamily development site within Catalfumo Companies’ mixed-use PGA Station project in Palm Beach Gardens. New York-based Abacus
Broward condo sales rise slightly in October to $210M
Broward County’s October condo sales and dollar volume rose slightly compared to September. October condo sales totaled $210 million, surpassing September’s $209 million. Brokers closed
Investors sue developer Icon Equity for alleged fraud
Icon Equity Group allegedly duped investors into funding a quartet of uncompleted luxury home, condominium and restaurant projects in Broward and Palm Beach counties, according
Fort Partners nabs $111M construction loan for oceanfront Surfside condos
Fort Partners is forging ahead with plans for another oceanfront condo development in Surfside. The Fort Lauderdale-based firm, led by Nadim Ashi, secured a $110.7
Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M
Most developers worry about finding buyers for their projects. Todd Glaser found Herbert Wertheim admiring his car in front of SurfSide Diner in Palm Beach.
Morrison family’s firm pays $17M for apartment complex with workforce units near West Palm Beach
The Morrison family’s Sympatico Real Estate scooped up an apartment complex with some workforce units near West Palm Beach for $17 million. Sympatico bought the
Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant
BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based
Grovenor House closing tops Miami-Dade weekly condo sales
Miami-Dade County’s condo sales and total dollar volume fell last week. Brokers closed 83 condo sales totaling $61 million from Nov. 3rd to Nov. 10th.