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Elevate Partners Lock Down $92 Million In Financing For Newly Completed Four West Las Olas Apartment Tower

Elevate Partners Locks Down $92 Million In Financing For The Newly Completed Four West Las Olas Apartment Tower

October 13, 2020

Elevate Partners, led by Scott Bodenweber and Tom Vogel, have locked down $92 million in 3-year bridge financing with optional extension for Four West Las Olas. The loan was provided by the New York-based Benefit Street Partners Realty Trust, who provided $76 million of senior debt, and the West Palm Beach-based Electra Capital who provided $16 million in mezzanine financing.

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In Commercial, Development, Fort Lauderdale, Finance & Banking, Invest, Investment News, Multifamily, News, News & Features, New Construction, Rentals, Residential, Broward Tags Four West Las Olas, Scott Bodenweber, Tom Vogel, Denny St. Germain, Cushman and Wakefield, Dan McCawley, Greenberg Traurig, Fort Lauderdale, Residential, Lending, Finance, Financing, Finance & Banking, Multifamily, Commercial, Banking, Benefit Street Partners Realty Trust, Electra Capital, Trez Forman, News, News & Features, Apartments, Apartment Rentals, Rentals, Invest, Investment News, Development, New Construction, Broward, Mezzanine Loan, October 2020
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Miami, Palm Beach County and Fort Lauderdale recover about 28,000 jobs since the start of the COVID-19 pandemic

Miami, Palm Beach County and Fort Lauderdale recover about 28,000 jobs since the start of the COVID-19 pandemic

October 6, 2020

Almost 28,000 jobs have been recovered since the beginning of the COVID-19 pandemic in Miami, Palm Beach County and Fort Lauderdale. Majority of these jobs fall into the government, hospitality and retail sectors. The Bureau of Labor Statistics released data showing the Miami market has gained over 16,000 jobs in August, Palm Beach has gained about 7,000 and Fort Lauderdale has gained over 5,000.

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In Community, COVID-19, Hospitality, Palm Beach County, Miami Beach, News, News & Features, Public Health, Restaurants, Retail, Fort Lauderdale Tags Miami, Fort Lauderdale, Palm Beach, Palm Beach County, Community, News, Hospitality, Retail, Public Health, Restaurants, COVID-19, COVID, Coronavirus, October 2020
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Cardone Capital Acquires Port Royale Apartments In Fort Lauderdale Via Crowdfunding Campaign

Cardone Capital Acquires Port Royale Apartments In Fort Lauderdale Via Crowdfunding Campaign

September 18, 2020

Cardone Capital, led by the “10X Rule” author and founder of the 10X Movement Grant Cardone, has acquired the Port Royale Apartments in Fort Lauderdale in one of the largest crowdfunding real estate deals to ever close in South Florida.

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In Acquisitions, Commercial, Invest, Investment News, Multifamily, News, News & Features, Private Equity, Rentals, Residential, Traded, Closed, Broward, Finance & Banking, Fort Lauderdale, Crowdfunding Tags Cardone Capital, Port Royale Apartments, Fort Lauderdale, Crowdfunding, Private Equity, Acquisitions, Traded, Commercial, Apartment Rentals, News, News & Features, Grant Cardone, 3101 Port Royale Blvd., 3201 Port Royale Drive, Broward, 3300 Port Royale Drive, Apartments, Rentals, Multifamily, Robert Given, Cushman and Wakefield, Waterton Residential LLC, Waterton Residential, CBRE Multifamily Capital, Banking, Finance & Banking, Lending, Closed, 10X Rule, 10X Movement, Residential, Invest, Investment News, Port Royale Propco LLC
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Construction At Fort Partners' Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Passes Halfway Point

Construction At Fort Partners' Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Passes Halfway Point

September 11, 2020

The Miami-based development firm Fort Partners has announced that construction at Four Seasons Hotel and Private Residences Fort Lauderdale has now surpassed its halfway mark. The construction velocity has put the development on schedule to top off later this year, ahead of its 2021 opening.

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In Construction, Construction News, Construction Update, Development, Luxury Real Estate, Fort Lauderdale, New Construction, News, Residential Tags Kobi Karp, Kobi Karp Architecture & Interior Design, Four Seasons Private Residences Fort Lauderdale, Four Seasons, Four Seasons Fort Lauderdale, Four Seasons Hotel & Private Residences Fort Lauderdale, Fort Lauderdale, Residential, Luxury Real Estate, Luxury Condo, Fort Partners, Construction News, Construction, Construction Update, Development, New Construction, News, News & Features, Tara Bernerd, Martin Brudnizki, Fernando Wong, Coastal Construction, Lehrer Cumming, Douglas Elliman, Douglas Elliman Development Marketing, Dan Teixeira, Ramzi Achi, Nadim Ashi
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Tricera Capital And Merrimac Ventures Close On Society Las Olas Retail Acquisition

Tricera Capital And Merrimac Ventures Close On Society Las Olas Retail Acquisition

September 1, 2020

Tricera Capital and Merrimac Ventures have acquired the ground-floor retail space within the newly developed Society Las Olas mixed-use project in downtown Fort Lauderdale developed by PMG. The purchase of the prime 301 SW First Ave. space closed on Aug. 27.

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In Acquisitions, Closed, Commercial, Fort Lauderdale, Invest, Investment News, News, New Construction, News & Features, Private Equity, Retail, Restaurants, Sales Update, Traded Tags Tricera Capital, Merrimac Ventures, Society Las Olas, Ben Mandell, Dev Motwani, Scott Sherman, Private Equity, Acquisitions, Closed, News, News & Features, Invest, Investment News, Retail, Commercial, PMG, 301 SW First Ave., Pura Vida, Pura Vida Las Olas, Pura Vida Fort Lauderdale, Matchbox Restaurant, Bug Buns Damn Good Burger CO., Thompson Hospitality, Traded, Restaurants, Sales Update, New Construction
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One Of The Last Development Sites in Downtown Fort Lauderdale's Federal Highway Corridor Is Asking $12.5 Million

One Of The Last Development Sites On Downtown Fort Lauderdale's Federal Highway Corridor Is Asking $12.5 Million

July 22, 2020

One of the last development sites on downtown Fort Lauderdale’s Federal Highway corridor has hit the market asking $12.5 million. Located at 150 N. Federal Hwy., the property is being marketed for sale by Native Realty, the Fort Lauderdale-based commercial brokerage led by founder and CEO Jaime Sturgis.

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In Commercial, Broward, Development Sites, Fort Lauderdale, Invest, Investment News, Listed Tags 150 N. Federal Hwy., Development Sites, Commercial, Listed, Native Realty, Jaime Sturgis, Fort Lauderdale, Downtown Fort Lauderdale, Dan Ross, 313 NE Sixth St., 313 NE 6th St., 600 NE Third Ave., 614 NE Third Ave., 618 NE Third Ave., Broward, Invest, Investment News
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6585 Allison Road

6585 Allison Road

Douglas Elliman Releases Q2 2020 South Florida Market Reports

July 16, 2020

Douglas Elliman has just released their Q2 2020 Market Reports for South Florida, which were prepared by Miller Samuel, a leading independent appraisal firm. The reports, which cover the areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland, have revealed that the COVID-19 market shutdown during much of the second quarter caused sales to fall sharply in South Florida.

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In Boca Raton, Delray Beach, Fort Lauderdale, Jupiter, Luxury Real Estate, Market Insight, Market Report, News, Palm Beach, Residential, Sales Update, West Palm Beach, Wellington Tags 6585 Allison Road, Douglas Elliman, Douglas Elliman Market Report, Douglas Elliman Q2 2020 Market Reports for South Florida, Miller Samuel, Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, Miami Coastal Mainland, 6431 Allison Road, Barrier Islands, 1800 Sunset Harbour, 709 Idlewyld Drive, 434 Areca Palm Road, Highland Beach, 9200 Rockybrook Way, Wellington, 319 N Atlantic Drive, 319 North Atlantic Drive, Palm Beach, Jupiter, Palm Beach Gardens, Luxury Real Estate, Market Report, Market Outlook, Market Insight, News, Residential, Sales Update, Isabella Zimmermann
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OKO Group's Vladislav Doronin Buys Fort Lauderdale Assemblage for $63 Million

OKO Group's Vladislav Doronin Buys Fort Lauderdale Assemblage for $63 Million

June 12, 2020

A land trust controlled by OKO Group’s Vladislav Doronin, a billionaire real estate developer from Russia who is now has headquarters in New York and Miami, has acquired a 6.7 acre assemblage in Fort Lauderdale for $63 million.

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In Acquisitions, Traded, Commercial, Fort Lauderdale, Invest, Investment News, News, Sales Update, Finance & Banking Tags OKO Group, Vladislav Doronin, Fort Lauderdale, Invest, Investment News, Acquisitions, Traded, Michael Dell, MSD Partners, Dev Motwani, 629 SE 5th Ave., Sales Update, Vanessa Grout, 629 Residences, Aman Hotel & Residences Miami Beach, Aman Hotel South Beach, Aman Hotel, Aman, News, Commercial, Financing, Finance, Finance & Banking, Una, Una Residences, Missoni Baia, 830 Brickell
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Beaches in Miami-Dade County have been closed.

Beaches in Miami-Dade County have been closed.

Tracking COVID-19 By The Numbers: Breaking News In South Florida

March 27, 2020

(Last Updated 6:14 AM 3/27/2020):

BREAKING: 

  • City of Miami officials have announced a curfew for its residents that will begin Friday night. According to officials, all residents must be indoors from 10 p.m. until 5 a.m. (3/27/2020)

  • Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

  • Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business 9 PM Thursday. (3/20/2020)

  • All U.S. Citizens traveling around the world should return home ASAP or be prepared to stay abroad for an indefinite period. (3/19/2020)

Continue to check back for updates to below as we continue to track COVID-19 across South Florida:  

Stats:

  • Number of Cases in Florida: 830+ (3/23/2020)

  • Fatalities in Florida: 13+ (3/23/2020)

  • Number of Global Cases: 351,000+ (3/23/2020)

  • Global Fatalities: 15,321+ (3/23/2020)

  • Number of U.S. Cases: 35,075+ (3/23/2020)

  • Fatalities in the U.S.: 458+ (3/23/2020)

Miami-Dade County:

  • Miami-Dade County # Cases: 2900+ (3/27/2020)

  • BREAKING: Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

  • BREAKING: Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business (3/20/2020)

  • CONFIRMED CASES IN BRISTOL TOWER BRICKELL & SOHO BEACH HOUSE (3/19/2020)

  • Officials have ordered the closure of all restaurants, bars, movie theaters, concert houses, auditoriums, playhouses, clubs, gyms, arcades, bowling alleys, etc. which will go into effect 11 PM Tuesday. All grocery stores, pharmacies, take-out and delivery services will remain open at this time (3/17/2020)

    • All bars and nightclubs will be closed for 30 days.

    • Restaurants will only be able to operate at half capacity.

    • Exceptions granted if they have a capacity of 10 people or less.

    • Mayor Carlos Jimenez signed the emergency order, but remains in self-quarantine after being exposed to a Brazilian government official who tested positive following a visit to South Florida.

  • Miami-Dade Public Schools are now closed through at least April 15. (3/19/2020)

    • Miami-Dade Public Schools have closed this week and next. (3/16/2020)

  • Key Biscayne and North Miami Beach have implemented curfew between 10 PM and 5 AM (3/19/2020)

  • Officials have closed the beach from 5th to 15th Street, including Lummus Park.

  • All city parking garages are closed to non-residents.

  • In addition, all non-essential retail stores will be required to close at 10 p.m. daily. (3/16/2020)

    • Businesses excluded from this directive include: Pharmacies, grocery stores, convenience stores, private offices, banks, hotels, hospitals, medical service providers, medical supply stores, hardware stores, gasoline service stations and automotive supply and repair centers.

  • An entertainment district curfew will go into effect at 11 p.m.

  • All restaurants are asked to keep occupancy at 50% or less, and have under 250 people in each establishment at any given time.

  • Ultra Music Festival has been cancelled.

  • Miami Music Week has been cancelled.

  • ArtScape Concert has been cancelled.

  • The Miami Open Tennis Tournament has been cancelled. 

  • University of Miami & FIU have moved classes online until the end of the spring semester. (3/20/2020)

  • University of Miami Spring Commencement postponed until December. (3/20/2020)

  • The Hardrock Seminole Hotel & Casino has suspended entertainment operations. 

  • Calle Ocho Festival has been cancelled.

  • Mayor Francis Suarez has confirmed that he has COVID-19.

Broward County:

  • Broward County # Cases: 180+ (3/23/2020)

  • Broward County Public Schools are now closed through at least April 15. (3/19/2020)

  • Officials have closed the beach from Harbor Beach to Oakland Park Boulevard.

  • Restaurants and bars must close by 10 p.m.

  • Restaurants and bars are asked to operate at 50% capacity and have no more than 250 people at any time.

  • The Tortuga Music Festival, which was set to run from April 17-19, has been postponed.

  • The Wharf Fort Lauderdale is closed until further notice.

  • The listed measures will remain in effect until April 12.

Palm Beach County:

  • Palm Beach County # Cases: 59+ (3/23/2020)

  • Town of Palm Beach implements curfew until further notice from 9 P.M. - 6 A.M. (3/18/2020)

  • Palm Beach County Public Schools are now closed through at least April 15. (3/19/2020)

  • Beaches will be closed on Tuesday 3/17/2020

  • Nursing Homes and Assisted Living Facilities are closed to visitors.

  • Drive-through testing underway at FoundCare (2330 S. Congress Ave, West Palm Beach - call 561-967-0365 to see if you qualify and for appointments)

National:

  • BREAKING: The Federal Government has passed a $2.2 trillion stimulus package.

  • United States of America # Cases: 35,075+ (3/23/2020)

  • United States of America Fatalities: 458+ (3/23/2020)

  • Income tax filing deadline moved to July 15 (3/20/2020)

  • Foreclosures and HUD evictions have been halted for 60 days.

  • CDC recommends ban on gatherings of 10+ people. 

  • The Players Championship was cancelled & PGA Tour is suspended.

  • NBA, NHL, MLB and MLS have suspended their seasons. 

  • All ski resorts have closed.

In Affordable Housing, Brickell, Closed, Commercial, Community, Construction, Construction News, Downtown, Education, Fort Lauderdale, Hospitality, Hotels, Key Biscayne, Market Report, Miami Beach, Miami-Dade County, Multifamily, N Miami Beach/ Aventura, New Construction, News, North Miami, Palm Beach, Palm Beach County, PortMiami, Public Health, PSA, Restaurants, Retail, Senior Living, South Beach, Travel Tags COVID-19, COVID19, Coronavirus, Mayor Carlos Jimenez, Mayor Francis Suarez, Featured
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Four Seasons Fort Lauderdale Reveals The Most Expensive Condo in Fort Lauderdale, The Newly Listed $35 Million Penthouse

Four Seasons Fort Lauderdale Reveals The Most Expensive Condo in Fort Lauderdale, The Newly Listed $35 Million Penthouse

February 10, 2020

Four Seasons Private Residences Fort Lauderdale, the first five-star development in Fort Lauderdale, just listed a record-breaking $35 million penthouse. The asking price would more than triple the priciest condo sale ever recorded in the city. Branded "SkyHome," the $35 million five-bedroom, six-bathroom penthouse residence spans nearly 19,000 SF of interior and exterior space.

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In Fort Lauderdale, Luxury Real Estate, New Construction, News, Residential Tags Fort Partners, Four Seasons, Four Seasons Private Residences Fort Lauderdale, Fort Lauderdale, Fort Lauderdale Beach, Luxury Real Estate, Luxury Condo, News, New Construction, Fredrik Eklund, Frederik Eklund, The Eklund | Gomes Team, Tara Bernard, Residential
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