Brad Meltzer has been named Chairman and CEO of the New York-based Plaza Construction as long time Chairman and CEO Richard Wood has officially retired. Meltzer is prompted from President and Christopher Mills has been promoted from COO to President.
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Terra And New Valley Break Ground On Natura Gardens Multifamily Development In Northwest Miami-Dade
Terra and New Valley have broken ground on Natura Gardens, a 27-acre multifamily development encompassing 460 garden-style rental apartments. The news comes approximately one year after the partnership finalized the purchase of a 72-acre development site in northwest Miami-Dade.
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LA CLARA Locks Down $110 Million In Construction Financing In West Palm Beach
Great Gulf and Terrace Mountain Investors have obtained $110 million in construction financing from Bank OZK for LA CLARA, a 25-story, 83 unit condo tower under construction in West Palm Beach. Sales have reportedly eclipsed 50% and over $100 million including an $8.9 million penthouse.
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RFR Holding And Tricap Partnership Acquire 12 Units At W South Beach For $10.78 Million
A partnership between Aby Rosen and Michael Fuchs’ RFR Holding and David Edelstein’s Tricap, who also co-developed W South Beach, have closed on the purchase of 12 units at the iconic beachfront condo-hotel for $10.78 million.
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Monaco Yacht Club & Residences Drops Anchor To Celebrate Topping Off On Miami Beach
Monaco Yacht Club & Residences has topped off at 12-stories on Miami Beach after breaking ground February 2020. The milestone was celebrated by developer Optimum Asset Management USA, the exclusive sales broker Fortune Development Sales, and the general contractor Moss Construction. The project is slated for delivery at the end of 2021.
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Bar Invest Group Acquires 358-Unit Pembroke Pines Multifamily For $79.5 Million
Bar Invest Group, led by Herve Barbera, has acquired the 358-unit The Landings at Pembroke Lakes for $79.5 million, roughly $222,000 per unit. The property traded at a reported 4.5% cap rate and was 95% occupied at the time of sale.
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Vision Properties Acquires The Cypress Financial Center In Fort Lauderdale For $44.24 Million
The Tampa-based Vision Properties has acquired the Cypress Financial Center in Fort Lauderdale for $44.24 million. The seller was a joint venture between Steelbridge Capital, Square2 Capital and Apollo Global Management and the sale was overseen by JLL’s Herman Rodriguez, Ike Ojala and Matthew McCormack.
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WoundTech CEO Selling Bal Harbour Home
Jeffrey Galitz, the CEO & CMO of WoundTech, is selling his charming Bal Harbour home. WoundTech is an innovative telehealth platform that brings the clinic to the patent. The home is perfect for entertainers with a large backyard and accents of an English-style garden. It features 5-bedrooms and 5.5-bathrooms. The first floor features a grand entrance with 18-ft high ceilings, custom home theatre, gym, and chef’s kitchen with breakfast area.
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Tour GameStop Short Seller Gabriel Plotkin of Melvin Capital’s $44 Million North Bay Road Mega-Mansion
Miami Beach’s newest, ultra-luxurious mega-mansion has been unveiled by EWM Realty International top-producer and Senior Vice President Nelson Gonzalez. The newly-completed modern masterpiece has been designed to offer the ultimate in waterfront living and year-round entertainment.
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The Amalfi Coast Comes To Miami Inside This Chic Italian Abode Owned By The Family Behind La Sirenuse
5600 La Gorce Drive brings a piece of Italy to Miami channeling the lively cliffside village of Positano. The home underwent an extensive 2-year renovation from the owners of the world famous hotel, Le Sirenuse, in the Amalfi coast. The charming home offers the simple pleasures of awe-inspiring elements tastefully curated from the eyes of its Italian owners.
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