Andrew Kurnit of DWNTWN Realty Advisors, the premier commercial real estate firm, arranged a $19 million construction loan from City National Bank of Florida for a townhome development in Opa-locka, Florida. Real estate investment firm Redwood National Properties, in a joint venture with David Burstyn of Winston Capital Partners, LLC, plans to build 112 four-bedroom, two-and-a-half-bathroom units on the 10-acre site.
Read MoreQUINT 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.
Read MoreDouglas Elliman Development Marketing Selected To Oversee Sales At 5000 North Ocean in Palm Beach
Douglas Elliman Development Marketing (DEDM) has announced that the firm has been selected to handle the exclusive sales and marketing for The Kolter Group's newly completed oceanfront residential tower, 5000 North Ocean, designed by Randall Stofft Architects and BC Architects, AIA.
Read MoreDouglas Elliman Releases June 2020 New Signed Contracts Report for Florida
Douglas Elliman in conjunction with Miller Samuel, a leading independent appraisal firm, has released its second monthly recurring report for June 2020. The report focuses on the new contracts signed and new listings that entered the rapidly changing market in Douglas Elliman’s Florida regions of Miami-Dade, Broward, Palm Beach, Pinellas, and Hillsborough.
Read MoreAvison Young Lists Portfolio of Five South Florida Development Sites For $80 Million
Avison Young’s Florida Capital Markets Group has been exclusively selected to sell five South Florida development sites totaling ±13.5 acres, representing potential for nearly 1,000 new multifamily units. The listings can be packaged together as a portfolio for $80 million combined and underscore increased investor confidence as Florida sees an uptick in new out-of-state buyers.
Read MoreMonaco Yacht Club & Residences Debuts Sales Gallery In Miami Beach
Monaco Yacht Club & Residences, which is being developed by Optimum Development USA, has revealed its newly opened sales gallery at 6897 Collins Avenue in Miami Beach. The nautically themed, boutique Bayfront condominium offers its own private marina and just thirty-nine luxurious waterfront residences delivered fully finished with curated interiors by world-renowned Italian interior designer Piero Lissoni.
Read MoreVanessa Grout Named CEO of OKO Group’s New Venture
Vanessa Grout has been named the CEO of OKO Real Estate, a new venture to expand the sales and marketing capabilities of Vladislav Doronin’s OKO Group. OKO Group currently has four projects under construction in Miami, including Una Residences and Missoni Baia, and another project under construction in Manhattan.
Read MoreDouglas Elliman Releases Q1 2020 South Florida Market Reports
Douglas Elliman has just released their Q1 2020 Market Reports in South Florida. It reveals noticeably stronger results for listing inventory growth in the first two and a half months of the quarter until market awareness of COVID-19 occurred in mid-March, which slowed growth across South Florida in areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland.
Read MoreRewind: Michael T. Fay Tom Wood and Jacques Bessoudo Discuss COVID-19 Impact On Commercial Real Estate in South Florida Webinar
On April 3, 2020, PROFILEmiami hosted a webinar conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. If you missed us live, or just want to revisit some of the insight our panelists had to offer, we have now posted the full webinar for you to sit back and rewind!
Read MoreDavid Beckham purchases $20 million condo at One Thousand Museum in Downtown Miami
Former soccer player David Beckham and his wife Victoria Beckham have just recently purchased a new condo at the Zaha Hadid-designed One Thousand Museum, a 62-story building complete with its own private rooftop helipad. This will be their new home in Miami.
One Thousand Museum is located at 1000 Biscayne Boulevard in Downtown Miami and officially opened in August 2019. David Beckham’s publishing and licensing company, Beckham Brand Limited, closed on the 11,046 square-foot, full-floor penthouse - one of the ten in the building - this Tuesday for $20 million, or $1,810 per square foot, a price that is much higher than the $1,392 per square foot that another penthouse in the building recently closed.
Robert Hite, a real estate agent at ONE Sotheby’s International Realty, brokered the deal.
“Iconic design, sophisticated lifestyle, privacy, and security are among the key factors driving our clients to make One Thousand Museum their Miami base,” said the development team of One Thousand Museum. “We know Mr. Beckham and his team will be very happy here.”
The Beckhams and their four children will have access to the luxe lifestyle and exclusive amenities offered by One Thousand Museum, including an indoor lap pool, a Spa with relaxation pods and private treatment rooms, a private Beach Club, a house car service, a 1KM wellness center, and a Sky Lounge with curated seasonal menus.
“With the launch of Inter Miami CF, David and his team are spending significant amounts of time in Miami. One Thousand Museum is a very special building and we are excited to join the community there,” said a spokesperson for David Beckham.
By Isabella Zimmermann