An iconic property originally commissioned by Joanie and Murray Goodman in 1975 has been listed for $185 million with Illustrated Properties, offering a rare acquisition opportunity in Palm Beach. Representing one of the largest oceanfront parcels to become available, the estate encompasses 2.21 acres and 250 feet of private Atlantic Ocean frontage.
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Berkadia Secures $57M Bridge Loan for Midtown Capital Partners’ Lake Worth Apartment Project
Berkadia has arranged a $57 million bridge loan to refinance the construction debt on Astor Sound at Lake Worth, a new 230-unit multifamily community in Palm Beach County that is nearing completion.
The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, along with Vice President Patrick Johnson. The loan was secured on behalf of the sponsor, Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer with a portfolio spanning the U.S. and Spain. Infinity Collective originated the two-year loan, which includes an option for a six-month extension.
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Palm Beach Oceanfront Estate Hits the Market For $73 Million With 168' Of Ocean Frontage
Few homes in Palm Beach embody the effortless blend of timeless elegance and modern luxury quite like 2315 S Ocean Blvd, now on the market for $73 million with Nick Malinosky of The Exclusive Group at Douglas Elliman and Gary Pohrer of Serhant.
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Credit: Stantec.
BD Hotels Breaks Ground on The Nora Hotel in West Palm Beach’s Nora District
The highly anticipated Nora District in West Palm Beach marked a significant milestone with the groundbreaking of The Nora Hotel, a new 201-key boutique hotel developed by BD Hotels, in collaboration with Sean MacPherson, NDT Development, Place Projects, and Wheelock Street Capital.
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Iconic Luxury Hotels Debuts First U.S. Property with Palm House Hotel in Palm Beach
Iconic Luxury Hotels (ILH), renowned for its prestigious portfolio of historic and luxurious accommodations, will unveil its first U.S. property, the Palm House Hotel, set to open in Palm Beach this November. This marks ILH's entry into the American hospitality market, expanding its celebrated collection that includes the famed Excelsior Venice, Cliveden House, and Mayfair Townhouse.
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Aztec Group Facilitates $55.6 Million Financing for Arcadia Gardens in Palm Beach Gardens
Aztec Group, a prominent real estate investment and merchant banking firm serving Florida for four decades, has announced its successful arrangement of $55.6 million in bridge financing for Arcadia Gardens, located in Palm Beach Gardens, Florida.
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Todd Michael Glaser Sells Off-Market Commercial Building in Palm Beach For $3.9 Million
Palm Beach-based spec home developer Todd Michael Glaser has sold a commercial building in Palm Beach for $3.9 million. Located at 175 Bradley Pl., just four blocks north of The Royal Poinciana Plaza on Palm Beach Island, the 2,145 SF building was acquired by plastic surgeon Dr. Norman & Mia Rowe.
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Todd Michael Glaser's 10 Tarpon Island, Palm Beach's Only Private Island, Goes Under Contract
Palm Beach’s infamous 10 Tarpon Isle, the only opportunity to live on your own private island in Palm Beach, has gone under contract. The home was listed for $187.5 million after initially listing for $218 million following its completion last year.
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Luxury Waterfront Boutique Condo Alba Palm Beach Breaks Ground In West Palm Beach
BGI Companies and Blue Road Group have broken ground on Alba Palm Beach, a collection of 55 boutique luxury residences, including a limited collection of four unique two- and three-story townhomes, each with unobstructed views of the serene Intracoastal Waterway and their own private plunge pools. Alba Palm Beach has an expected completion in 2025 and is located at 4714 N. Flagler Drive in West Palm Beach.
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Todd Michael Glaser Sells One-Of-A-Kind Worth Avenue Penthouse Atop Tiffany & Co. Building In Palm Beach For $18 Million
Todd Michael Glaser and partners have sold an exclusive two-story penthouse residence sitting atop the iconic Tiffany & Co. building on Palm Beach Island’s Worth Avenue for $18 million. Located at 415 Hibiscus Ave., Palm Beach, FL 33480, the total 13,000-square-foot residence is the largest condominium on Palm Beach Island. Situated at the corner of prestigious Worth Avenue and Hibiscus Avenue, it is the only penthouse in the world atop a Tiffany & Co. building.
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