Pulso Capital has acquired Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano Beach, Fl., for $21.5 million, or $551,282 per unit. The sale and financing were overseen by Berkadia. Effective rent in South Florida rose 25.2% year over year, according to Berkadia Research, driven by an influx of new residents and corporate migrations over the last 12 months.
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ZOM Living Opens The First completed Section Of Ludlam Trail Linear Park And Phase 1 Of MiLine Miami Apartments
ZOM Living in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management, have announced the completion of the first phase of the transformative development MiLine Miami. Phase one includes the delivery of 338 luxury, mid-rise apartments, 4,600 SF of restaurant/ brewery space, and 1,300 linear feet of the Ludlam Trail for residents and the public to enjoy outdoor recreational activities such as walking, biking and hiking.
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Adrienne Arsht's Bayfront Estate Sells For Record $106 Million Becoming First Residential Property To Break $100 Million Threshold
For the first time in Miami-Dade County history, a residential property sale has crossed the $100 million threshold. The Arsht Estate, a four-acre waterfront compound owned by Adrienne Arsht, one of the most revered business leaders and philanthropists in the United States, sold today for $106,875,000.
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Master Brokers Forum Listing: Check Out A Pinecrest Mediterranean Mansion Asking $5.9 Million
Master Brokers Forum member Miguel Solis presents "Palacio De Las Palmas"; an exquisite gated Mediterranean mansion in the northern Pinecrest area. This 11,000-plus square foot home built in 2012 features seven bedrooms, six and one-half baths, two offices, two dens and a theater room on a deep 40,000 square-foot lot.
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Neology Life Development Group Locks Down $57.5 Million Construction Loan For 'Fourteen Residences Allapattah'
Lissette Calderon’s Neology Life Development Group has locked down $57.5 million in construction financing for Fourteen Residences Allapattah, a two tower, 237-unit apartment community located in Miami, Florida. Senior Managing Director Charles Foschini, Managing Director Chris Apone and Senior Analyst Shannon Wilson of Berkadia Miami secured the financing on behalf of Neology Life Development Group.
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Lynd Living Locks Down $22.75 Million In Financing For Miami Worldcenter Site Acquisition
Lynd Living has acquired Block 23 at Miami Worldcenter for $30 million, financed by a $22.75 million acquisition land loan. Block 23 is located between NW 9th and NW 10th Street on North Miami Avenue and is one of the last remaining land sites within Miami Worldcenter, the 2nd largest master planned community in the country, behind New York City’s Hudson Yards. The transaction closed on August 26th.
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Swiss Real Estate Firm Empira Group Acquires Rare West Brickell Development Site In 'The Roads'
As institutional capital flows into Miami from around the world, a Switzerland-based real estate investment firm has acquired a rare development site west of Brickell. Empira Group plans to develop a mid-rise multifamily project in the neighborhood called ‘The Roads’ to help meet the area’s rising demand for housing fueled by an influx of business relocations to Miami’s urban core.
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Nationally Acclaimed Sports & Social Dining & Entertainment Concept Coming To Miami Worldcenter
Live! Hospitality & Entertainment has signed an agreement with Miami Worldcenter to bring its nationally acclaimed concept, Sports & Social, to the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The 20,000-square-foot venue will include an open-air rooftop restaurant overlooking the project’s World Square public park and plaza.
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'Metaverse Chateau' Hits Market In Metaverse As NFT And As Real Home Under Construction In Miami Shores
The founder of Alpha City, a social business lifestyle metaverse, has revealed “Reflection Manor,” a real world new construction home being built in Miami with a digital twin in the Metaverse. This is the second “MetaReal” spec home under development in Miami, the other is the recently launched Meta Residence which was the world’s first-ever revealed "MetaReal" home.
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Ytech Acquires 1500 Brickell, One Of The Last Remaining Historic Estates On Brickell Avenue
Miami-based real estate development and investment firm Ytech have acquired a historic mansion located at 1500 Brickell Avenue. Ytech is completing a multi-million dollar restoration and renovation of the property which is slated for completion by Q1 2023. The property joins Ytech’s ownership portfolio of prime addresses in Brickell including 1428 Brickell Avenue, 1548 Brickell Avenue, and 75 Broadway, among others.
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