An iconic Palm Beach mansion originally built in 1926 on the famed South Ocean Boulevard just sold for $48.5 million. Named ‘La Salona,” the roaring twenties era compound was built by renowned Palm Beach architect Marion Sims Wyeth, who also designed Mar-a-Lago
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Related Group Breaks Ground on Icon Marina Village In West Palm Beach
Related Group has closed on financing and broken ground on Icon Marina Village, located on the Intracoastal Waterway in West Palm Beach. The developer obtained a $95 million loan from Santander Bank and has begun construction overseen by Balfour Beatty.
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Tricera Capital Announces Joseph's Classic Market As Anchor Tenant of Shops at The Press
Tricera Capital, the Miami-based real estate investment firm, has finalized a long-term lease with Joseph’s Classic Market to anchor Shops at the Press, the retail component of the firm’s pioneering mixed-use project - The Press - in West Palm Beach.
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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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Related Companies To Acquire The Phillips Point Office Complex In West Palm Beach
The New York-based Related Companies, led by Stephen Ross, is under contract to acquire the Phillips Point office complex in West Palm Beach for roughly $282 million. The seller, AEW Capital Management, acquired the property for $245 million in 2015. Related Companies will oversee asset management and leasing.
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Worth Avenue Tiffany & Co. Building Sells For $26.4 Million
A joint venture led by an entity tied to Fortress Investment Group has sold 259 Worth Avenue in Palm Beach, anchored by luxury jeweler Tiffany & Co., for $26.4 million to Motcomb Estates, a London-based real estate investment firm.
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Palm Beach Towers Home Hits The Market For $3.95 Million
44 Cocoanut Row, Unit 426B/427B, located in Palm Beach recently hit the market. Supply is dwindling on the tropical island as many North Easterners are relocating to Florida and shifting the demographics of buyers. The extraordinary home is in Palm Beach Towers, a luxury condominium development within the Breakers Golf & Beach Club.
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Spec Home Developer Todd Michael Glaser Under Contract To Buy Jeffrey Epstein’s Former Palm Beach Mansion
Todd Michael Glaser plans to buy Jeffrey Epstein’s Palm Beach mansion and replace with a new home. The real-estate developer has signed a contract with Epstein’s estate to buy the waterfront property for an undisclosed price, but estimated to be lower than the original listing in July for $21.995 million. The 6-bedroom mansion is a famous location for Epstein committing sex-trafficking crimes and luring underage girls.
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Douglas Elliman Releases Q3 2020 Florida Regions Market Reports For South Florida
Douglas Elliman has just released their Q3 2020 Market Reports for Florida regions, which were prepared in conjunction with Jonathan Miller of Miller Samuel INC. The reports have revealed that sales rose sharply higher year over year, rebounding quickly from the restraint of spring market activity at the onset of the COVID-19 crisis.
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Rockstar Energy Drink Founder Flips North Palm Beach Estate For $48 Million
Russel Weiner, the billionaire founder of Rockstar Energy Drink, has flipped his North Palm Beach Estate for $48 Million, $15 Million more than he had purchased the estate for just weeks ago. Elin Nordegren, ex-wife of Tiger Woods, sold Weiner the estate for $33 Million in September. The estate consists of two homes on 3.3 acres of land just south of the Seminole Golf Club.
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