Weekly Construction & Real Estate News Round-Up 12/19

1. SLS LUX Brickell has topped off at 58 stories.
2. PARAMOUNT Miami Worldcenter is closing in on a construction loan to complete the project after  they officially completed acquisition of the site for $26.275 million from Art Falcone and Miami Worldcenter Associates. The project is over 55% sold.
3. One Thousand Museum secures $225 million construction loan.
4. Midtown 5's first residents move-in. Rent's around $3 SF.
5. Genting’s Resorts World have taken over operations at the Gulfstream Park casino in Hallandale Beach. Genting is trying to have those casino operations moved to downtown Miami.
6. The developer of the Metropica master-planned community in Sunrise, YOO, has launched pre-construction sales of six loft-style condos with prices starting just under $400,000.
7. Alan Faena’s companies hit with second lawsuit from dissatisfied buyer
   Suit alleges $7.3M unit had cracked mirrors, missing appliances and no kitchen cabinets