Robert Rivani, commercial real estate and hospitality visionary and Founder of RIVANI, has that the company has sold the waterfront restaurant space currently leased to acclaimed restaurant Amara at Paraiso by Michael Schwartz for $19.8 million.
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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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The Allen Morris Company Reveals New Renderings Of Lavish Amenities Coming To Ponce Park Residences in Coral Gables
Ponce Park Coral Gables has revealed its latest amenities, offering a first look at the spaces that will define a lifestyle of wellness, leisure, and refined living. The state-of-the-art fitness center, located on the mezzanine level, is fully equipped with the latest technology and opens directly onto a serene courtyard meditation garden.
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Carson Beck’s Impact on Miami’s Economy and the University of Miami
When quarterback Carson Beck transferred to the University of Miami, most headlines centered on his potential to reshape the Hurricanes’ offense. But in Miami, a city where culture, business, and lifestyle converge, the impact of a star player extends far beyond the field.
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Pier Sixty-Six Residences Announces Completion and Record Closing of Indigo Penthouse
Pier Sixty-Six Residences, the signature residential landmark within Tavistock Development Company’s multi-billion-dollar reimagining of the legendary Pier Sixty-Six, has achieved several major milestones including a $14.5 million penthouse sale. The Indigo Penthouse sale represents a record-breaking sale as the highest-priced transaction for a new development condominium in Broward County.
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The Berkeley Palm Beach Locks Down $62.5 Million Pre-Construction Loan
The Berkeley Palm Beach has closed on a $62.5 million pre-construction loan with New York-based JVP Management, marking a significant milestone for the 25-story, 193-residence development rising on Clear Lake in downtown West Palm Beach.
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Tower Capital Partners Co-Founders Demetri Demascus & Christian Iacovelli
Tower Capital Partners Launches Offering Exclusive Investor Access To Premier Real Estate Development Opportunities In Miami
PROFILEmiami Founder Demetri Demascus and former auto-industry executive Christian Iacovelli have joined forces to launch Tower Capital Partners, a private equity firm that invests with real estate developers with a proven track record of delivery high-quality real estate development projects and offers individual accredited investors access to private, institutional level deals typically reserved for family offices.
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SB Development Group and Hazelton Capital Group Secure $170 Million in Financing for Cove Miami
New York-based SB Development Group and Hazelton Capital Group have secured $170 million in construction and land financing for the development of Cove Miami, a 40-story luxury condominium in Miami’s tranquil Edgewater district.
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RIVANI Acquires Historic Lincoln Theatre Building In Miami Beach for $37 Million
Robert Rivani, commercial real estate and hospitality visionary and President of RIVANI (formerly Black Lion), has acquired the storied Lincoln Theatre building at 551 Lincoln for $37 million–a property famously anchored by H&M.
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ORA by Casa Tua Now Designated Under EB-5 Investment Program
Fortune International Group (Fortune) has announced that ORA by Casa Tua – it’s celebrated lifestyle-driven residential development in the heart of Miami’s coveted Brickell neighborhood has filed with the USCIS for designation under the EB-5 Immigrant Investor Program and is now accepting EB-5 investments.
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