Pulso Capital has acquired Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano Beach, Fl., for $21.5 million, or $551,282 per unit. The sale and financing were overseen by Berkadia. Effective rent in South Florida rose 25.2% year over year, according to Berkadia Research, driven by an influx of new residents and corporate migrations over the last 12 months.
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AKAI Estates Sells Record Breaking Home For $15 Million In Southwest Ranches
The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates.
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Palm Beach Gardens Single Family Home Development 'La Terre at Avenir' Now 50% Sold-Out
La Terre at Avenir, a gated community of 92 luxury, single-family homes in Palm Beach Gardens, is now 50% sold-out. La Terre at Avenir is being developed by K. Hovnanian Homes at 12300 Waterstone Circle, Palm Beach Gardens, FL. La Terre at Avenir offers single-story and two-story new construction homes with spacious floor plans and elegant interiors.
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Former Bridgewater Associates CTO Buys AKAI Estates Residence For $8 Million In Southwest Ranches
Prasad Hedge has joined bigwig investors migrating to South Florida from Connecticut. Hedge, who was previously a CTO with Bridgewater Associates, a premier asset management firm owned by Founder and Co-Chief Investment Officer Ray Dalio, purchased an estate in Southwest Ranches Akai Estates for $8 million.
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Lennar Acquires Pine Isles Mobile Home Community In Homestead For $29 Million
Lennar Homes (NYSE: LEN) has acquired the former site of Pine Isles Mobile Home Community in Homestead for $29 million. The property is located at 28600 SW 132nd Ave. and spans 42.7 acres. Pines Isles Mobile Home Community serviced seniors and was disbanded in 2019 before the site was rezoned for the development of 456 single-family homes.
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CC Homes Launches Circle S Estates Luxury Homes In Southwest Ranches
CC Homes, one of Florida’s leading homebuilders, has launched sales for Circle S Estates, the former stable of the legendary 1985 Kentucky Derby Winner, Spend A Buck, located in the exclusive mansion and bridle path-lined neighborhood of Southwest Ranches, just minutes from Weston.
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Lennar Acquires 209 Home Lots In Delray Beach's Avalon Trails Community From 13th Floor Homes
Lennar Corp. (NYSE: LEN) has acquired 209 home lots from an entity tied to 13th Floor Investments in the Avalon's Trails community in Delray Beach for $27.64 million. The price pans out to roughly $132,000 per lot and the seller may be eligible to participate in the success of the project where homes are priced from the mid-$300,000’s.
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CC Homes Offers On-Demand Telemedicine Services Through Exclusive Partnership With Baptist Health South Florida
CC Homes, one of Florida’s leading homebuilders led by Jim Carr, has teamed up with Baptist Health South Florida in an exclusive partnership to provide health care on demand to homebuyers in CC Homes communities Canarias at Downtown Doral and Maple Ridge in Ave Maria, FL.
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