Insurance king Ivan Herrera is jumping into commercial real estate development after partially selling his Univista empire for $700 million, The Real Deal has learned.
Category: Business
Entity tied to Kayne Anderson boss buys Palm Beach house for $18M
An entity linked to Kayne Anderson CEO, Al Rabil, bought a Palm Beach house for $17.6 million in an off-market deal. The home is adjacent
Insurer lands approval for 287 rentals in Boca Raton, after year of record multifamily construction
A developer landed preliminary approval for a 287-unit apartment project at the Park at Broken Sound in Boca Raton, following a year of record apartment
Developers add 17 condos to planned hotel on Las Olas in Fort Lauderdale
What began as a mid-size hotel development on East Las Olas Boulevard in Fort Lauderdale has morphed into plans for the Whitfield, a boutique hotel
Resi roundup: Todd Glaser buys next project site
In the latest roundup of South Florida luxury residential deals, investors and developers bought and sold homes across the region. Deals stretched from Miami Beach
Atlanta Braves Chairman Terry McGuirk buys Palm Beach PH
Terry McGuirk, chairman of the Atlanta Braves, bought a penthouse in Palm Beach for $5.9 million. Records show McGuirk and his wife, Nancy McGuirk, bought
More trouble: Another lender accuses Shoma’s Masoud Shojaee of not repaying loan
For the second time in a one-month span, Shoma Group CEO Masoud Shojaee is being sued for allegedly welching on a mortgage debt. City National
13th Floor nabs board approval for 340 rentals at Boca Raton Tri-Rail station, amid South Florida multifamily construction frenzy
13th Floor Investments landed board approval for a 340-unit apartment project at the Boca Raton Tri-Rail station. 13th Floor, led by managing principal Arnaud Karsenti,
Douglas Elliman sues Eichner’s firm over Continuum North Bay Village condo project
Douglas Elliman is suing an affiliate of developer Ian Bruce Eichner’s firm for hiring two former Elliman agents to stay on the sales team for
Florida mortgage lender settles redlining claims for $1.8M
The Mortgage Firm agreed to pay $1.75 million to settle a lawsuit alleging that the company engaged in lending discrimination and redlining in mostly Black