Omega Real Estate has locked down $100 million in construction financing to develop The Gardens Residence, a 358-unit mid-rise apartment community with 1,100 square feet of ground floor retail in North Miami, Fla. The financing was provided by Churchill Real Estate and was arranged by Berkadia.
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Newgard Development Group Locks Down $170 Million Construction Loan For LOFTY Brickell Home-Sharing Tower
Newgard Development Group has locked down a $170 million loan from 3650 REIT for its newest residential property, LOFTY Brickell. The closing follows an impressive sales launch, with 80% of the tower’s inventory under contract and groundbreaking set to commence Q4. This is the second loan from 3650 REIT for LOFTY - the first being last fall tied to the land acquisition.
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Todd Michael Glaser And Partners Buy Palm Beach Penthouse Atop Tiffany & Co. On Worth Avenue For $15.5 Million
Spec home developer Todd Michael Glaser and his partners have closed on the penthouse on top of the Worth Avenue Tiffany & Co. building in Palm Beach for $15.5 million. The residence was delivered as an unfinished shell and the investors plan to complete the residence and list it at potentially $40 million. The penthouse occupies the buildings second floor and rooftop and spans 13,000+/- SF.
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W.A. Spencer Morris Named President of the Allen Morris Company
The Allen Morris Company (AMCO) one of the largest diversified real estate firms in the southeast, has named W.A. Spencer Morris, President. Morris was most recently Chief Investment Officer (CIO) for the organization. Morris has been an integral part in furthering AMCO’s investment management division, along with its development business, and opening new lines of business such as AMS Hospitality.
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MG Developer Acquires 33 Alhambra Circle In Downtown Coral Gable, Plans New Luxury Condominium Alhambra Parc
MG Developer, one of the most active developers in Coral Gables, has acquired a parcel of land at 33 Alhambra in Coral Gables’ Northside entrance and has announced plans to build a new mixed-use condominium community. Named Alhambra Parc, the project will feature with 33 luxury condominiums and retail on the ground floor. This acquisition was made in partnership with VYV.
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James Hait, Norly Cabrera, Tyler Biddle-Burrows, Carlos Rosso, Ann Nortmann & Chris Wands
The Standard Residences, Midtown Miami Now 70% Reserved, Hosts Cocktail Celebration At Sugarcane
The Standard Residences, Midtown Miami is now 70% reserved and celebrated in style overlooking the building’s future site from SUGARCCANE raw bar grill. The exclusive cocktail event was hosted by developer Carlos Rosso, Urban Robot Associates’ Giancarlo Pietri and Naturalficial’s Andres Arcila, showcasing the energy, culture, community and style that The Standard brand is known for.
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Sumaida + Khurana and Bizzi & Partners Reveal 'THE FIFTH MIAMI BEACH' Class A+ Office Designed By Spanish Master Architect Alberto Campo Baeza
Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, have received approval from the City of Miami Beach to proceed with the construction of a new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza. The project is named THE FIFTH MIAMI BEACH and it will be Baeza’s first commercial building in the United States.
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SHVO Reveals Norman Foster-Designed Class A Office On Alton Road And Lincoln Road
SHVO has revealed plans for a Foster + Partners-designed Class A office project at the former Epicure Gourmet Market & Cafe at the intersection of Alton Road and Lincoln Road. The project will rise five stories and will feature nearly 250,000 SF of total development at 1656, 1664, 1676 and 1680 Alton Road and 1677 West Avenue. Kobi Karp of Kobi Karp Architecture & Interior Design is working with Foster + Partners
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THE ESTATE COMPANIES GRANTED SITE PLAN APPROVAL FOR SOLESTE POMPANO BEACH LUXURY MIXED-USE RENTAL COMMUNITY
The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.
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Italian Developers Capture South Florida
South Florida, the tropical paradise we know and love, can be a challenging business environment for residential developers coming from overseas. So, it’s great to report on a company with strong European roots that continues to make its mark in the region. Coral Gables-based developers The Calta Group, are market leaders with over $150 million in its development project pipeline spread across South Florida’s most prestigious markets.
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