PPG Development, led by Ari Pearl, has acquired TRYP by Wyndham Miami Bay Harbor Hotel for $30 million, roughly $312,500 per key. The acquisition was financed by a $26 million short-term mortgage provided by Arbor Realty SR.
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Tech-Enabled Business Travel Firm 'Mint House' Expands To Downtown Miami
At a time when major operators business travel short-term lease extended stay operators such as Lyric and Stay Alfred are shuttering, Mint House, a tech-enabled hotel company for high-end business travelers, is continuing to rapidly expand despite the COVID-19 pandemic.
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"Bombastic" Singer Shaggy Buys CocoPlum Home In Miami For $2.15 Million
Orville Richard Burrell, or better known as “Shaggy,” has purchased a $2.15M Miami home. The home is located in Coral Gables within the exclusive enclave community of Cocoplum. Shaggy is the two-time Grammy Winner musician behind “It Wasn’t Me,” “Bombastic” and more.
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160 Marina Bay Launches Sales On Fort Lauderdale's Intracoastal Waterway
Gold Krown Investments, LLC has launched 160 Marina Bay, an exclusive five-story condo development on Fort Lauderdale Intracoastal Waterway. 160 Marina Bay is located at 160 Isle of Venice Drive and will offer 16 luxury condominiums with east facing waterfront views.
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The Piero Lissoni Villa Collection At The Ritz-Carlton Residences Breaks Ground And Launches Sales
The Piero Lissoni Villa Collection at The Ritz-Carlton Residences in Miami Beach has just broken ground and launched sales. The world-famous Italian architect has teamed up with 4701 North Meridian LLC who will develop the residences and GFI Development company will be the development manager. The Residences will be ultra-luxurious single-family waterfront homes with dockage.
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E11EVEN Partners And PMG Reveal The 65-Story E11EVEN Hotel & Residences in Downtown Miami
E11EVEN Partners and Property Markets Group (PMG) have launched E11EVEN Hotel & Residences in Downtown Miami’s Park West neighborhood. The project will rise 65-stories and is located at 29 NE 11th Street.
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ARTE Closes New Deals Selling Over $59 Million Last Month
ARTE, a 16-residence luxury condominium developed by Alex Sapir and Giovanni Fasciano, has closed on over $26 million in sales in just a few short weeks. Arte has broken the Surfside sale records with its $33 million penthouse deal and has sold over $59 million in the last month.
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Mana Common Partners With Plug And Play To Bring Global Tech Accelerator To Downtown Miami
MANA Common, led by CEO and visionary entrepreneur Moishe Mana, has announced that it will partner with the global innovation platform, Plug and Play, to establish a presence within Downtown Miami’s Flagler District. Plug and Play, based in Silicon Valley, is the world’s largest global innovation platform and investor.
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The Estate Companies Gearing Up To Break Ground On Soleste NoMi Beach In North Miami Beach
The Estate Companies, a subsidiary of Estate Investments Group (EIG), is gearing up to break ground on Soleste NoMi Beach in North Miami Beach. The project, which is located at 16395 Biscayne Blvd., will feature 367 apartment units.
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DRA Advisors Lists Pinnacle Corporate Park Portfolio In Fort Lauderdale
A fund managed by DRA Advisors LLC has entrusted Avison Young’s Florida Capital Markets Group to sell Pinnacle Corporate Park, a two-building, class A office portfolio at 500 and 550 W. Cypress Creek Road in Fort Lauderdale, Florida. The asset totals 259,458 square feet on 14.31 acres in Broward County’s Cypress Creek submarket.
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