In partnership with Bridge Investment Group, Fort Lauderdale-based BTI Partners has secured an $83 million construction loan for a development in downtown Hollywood. The site was home to the long-neglected Hollywood Bread Building on Young Circle. The building was demolished last year. Canadian Imperial Bank of Commerce is the lender.
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Master Brokers Forum: Check Out This Hollywood Waterfront Estate Asking $16.5 Million
Master Brokers Forum member Liz Hogan presents this stunning Hollywood waterfront estate sitting on over one acre; a triple-corner lot with 450 of re-done seawall. The home was remodeled in 2020 with no expense spared, including a new lift that can accommodate up to an 80 foot boat, one folding dock for three jet skies and tender.
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KAR Properties Locks Down $128 Million Condo Inventory Loan For 2000 Ocean In Hallandale Beach
KAR Properties, led by Shahab Karmely, have closed on a $128 million condo inventory loan for the recently completed 2000 Ocean in Hallandale Beach. Madison Capital Realty provided the loan which will be used to pay off a $103 million construction loan issued by Apollo Commercial Real Estate Finance in 2018.
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Related Group's Chairman Jorge Perez Sells Apogee Beach Penthouse In Hollywood For $6 Million
Jorge M. Perez, the billionaire Chairman and CEO of Related Group, has sold his Apogee Beach PH in Hollywood, FL for a record $6,000,000 to William Schwitzer, CEO of William Schwitzer & Associates, a personal injury law firm based in NYC.
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QUINT Collection Luxury Townhomes Launch Sales in Hollywood Led by Chad Carroll
QUINT Collection Luxury Townhomes in Hollywood have officially launched sales led by Chad Carroll and his team at Compass. Developed by Miami-based JQ Group, QUINT Collection Hollywood is comprised of 10 luxury waterfront townhomes with a private marina and unobstructed views of the Intracoastal and Atlantic Ocean.
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$800 Million Sale of Second Largest Hotel in South Florida Falls Through
A roughly $800 million deal between Jeffrey Soffer’s Fontainebleau Development to acquire Brookfield Property Partner’s Diplomat Beach Resort Hollywood was called off on May 8 as the effects of COVID-19 on South Florida’s hotel and tourism industries continues to cause havoc.
Read MoreKAR Properties Locks Down $103 Million Construction Loan For 2000 Ocean Designed By Enrique Norten In Hallandale Beach
Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust.
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The Enrique Norten-Designed 2000 Ocean Breaks Ground In Hallandale Beach
KAR Properties has officially broken ground on 2000 Ocean in Hallandale Beach, designed by Enrique Norten of TEN Arquitectos. Suffolk Construction is the contractor on the project where sales launched in November 2017 with pricing starting at $2.6 million. 2000 Ocean is expected to be delivered in 2020.
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Related Group & sbe Announces Construction At 85% Sold Hyde Beach House Passes Halfway
The highly anticipated Hollywood Beach project Hyde Beach House, which is being developed in partnership by The Related Group and sbe, is now over 50% complete and 85% sold. The project is on track for a 2019 completion, and construction is currently on the 24th floor with John Moriarty & Associates.
Read More2000 Ocean Designed By Enrique Norten To Break Ground In Early 2018 In Hallandale Beach
2000 Ocean is gearing up to break ground in Hallandale Beach after launching sales in November 2017. The beachfront condo tower is designed by Enrique Norten's TEN Arquitectos and will rise 40 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower features 64 residences, the smallest being a 2,913 SF half floor 3 bedroom and ranging up to 5,832 SF full floor 5 bedroom penthouse residences. Pricing starts at $2.8 million.
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