An expansive triple-lot residence in the gated Hallandale community of Golden Isles located at 101 Holiday Drive sold for $10 million, setting a new benchmark for the neighborhood as the highest price ever paid for a single-family home. The sale also breaks the record as the highest price ever paid for a single-family home in the City of Hallandale. The highest previous record sale within Golden Isles closed in April of 2022 for $6,395,000.
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Limestone Asset Management and Orion Real Estate Acquire Pinecrest Retail Center For $70.5 Million
Miami-based Limestone Asset Management, via a joint venture with Orion Real Estate Group, has acquired Colonial Palms Plaza, a retail center located in the Pinecrest area at 13601–13621 S Dixie Highway, Miami, FL, 33176, for $70.5 million on Dec. 23, 2022. Eric Williams of JLL represented the seller, MetLife Investment Management. Goldman Sachs is providing financing for the purchase.
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Bahamian Casino Mogul Sells DOMO-Designed Venetian Islands Mansion Developed by Todd Michael Glaser For $28 Million
A Bahamian casino mogul has sold his home at 830 W Dilido on the Venetian Islands which was originally developed by Todd Michael Glaser for $28.212 Million. Per public record, the seller is Diamond Seafront Group LLC, managed by Sebastian Bastian, CEO of Bahamian casino company Island Luck.
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Record Breaking Condo Sale At The Bristol In West Palm Beach Tops $3,364 Per Square Foot
A 3-bedroom condo at The Bristol in West Palm Beach has just traded for $12,025,000, marking a record sale at the iconic condo tower at $3,364 per square foot. Samantha Curry and Daniel Ekerold with Douglas Elliman represented the seller, while Brooke Murphy and Kyle Blackmon of Compass represented the buyer. Located at 1100 S Flagler Drive #1403, the stunning 3 bed + den residence features over 4,200 total square-feet.
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Brick & Timber Collective Acquires Wynwood Office Building Cube Wynwd For $62 Million
Brick & Timber Collective has acquired Cube Wynwd, an office building in Miami’s hot Wynwood neighborhood, from Tricera Capital and Alex Karakanhian’s LNDMRK Development for $62 million. The transaction closed on December 13 and Tricera and LNDMRK retained an undisclosed ownership stake in Cube Wynwd. Tricera and LNDMRK originally acquired the 100,000 SF office building for $28 million in an April 2021.
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Sabal Development Acquires Miami Beach Spec Home Site Overlooking La Gorce Country Club Golf Course
The Miami-based Sabal Development has closed on a 12,000+ SF development site which overlooks the La Gorce Country Club golf course for $4.2 million. The property is located at 5440 La Gorce Drive in Miami Beach and will be developed into a Choeff Levy Fischman-designed tropical modern spec home.
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Robert Rivani's Black Lion Investment Group Expands South Beach Holdings With One Ocean Acquisition For $12.25 Million
Real estate investor Robert Rivani’s Black Lion Investment Group has expanded their South Beach holdings with the acquisition of the ground floor restaurant space in One Ocean, a 50-unit luxury condominium building in Miami Beach’s exclusive South of Fifth neighborhood. Rivani paid $12.25 million for the space which offers an indoor area of 10,404 SF and an outdoor area of 3,588 SF.
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Grammy Award-Winning Rapper Future Buys Allison Island Home For $16.3 Million On Miami Beach
Grammy award-winning rapper Future has purchased a $16.3 million home on the exclusive Allison Island in Miami Beach. The home is located at 6493 Allison Rd and was developed in 2020. Per public record, Dina Goldentayer with Douglas Elliman represented the sellers, Laurent and Pascale Ouazana, while Jordan Karp of Jordan Karp LLC. represented Future, whose real name Nayvadius DeMun Wilburn, in the transaction.
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Development Site In Miami's Little River Neighborhood Trades For $13.3 Million
Little River has been a hotspot for investment and yet another significant transaction has as an undisclosed buyer acquired a development site for $13.3 million. The sale included 2.2 acres on NE 2nd Ave in the northern section of Little River, located at 8038 NE 2nd Ave. Gridline Properties’ Broker and Principal Alfredo Riascos represented the seller, Thomas Conway of Conway Commercial Real Estate.
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Alchemy-ABR Investment Partners Close On Wynwood Development Site For $18 Million
Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.
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