Newgard Development Group has locked down a $170 million loan from 3650 REIT for its newest residential property, LOFTY Brickell. The closing follows an impressive sales launch, with 80% of the tower’s inventory under contract and groundbreaking set to commence Q4. This is the second loan from 3650 REIT for LOFTY - the first being last fall tied to the land acquisition.
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Step Inside The DOMO-Designed Casa Eterna On Venetian Islands Which Just Sold For $26.25 Million
Casa Eterna, a tropical modern waterfront located at 45 E Di Lido on Miami’s Venetian Islands, has sold for a record $26.250 million, $4,900 PSF. The seller was represented by Dina Goldentayer with Douglas Elliman. The home was originally built by developer Todd Michael Glaser and was designed by DOMO Architecture + Design.
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Todd Michael Glaser And Partners Buy Palm Beach Penthouse Atop Tiffany & Co. On Worth Avenue For $15.5 Million
Spec home developer Todd Michael Glaser and his partners have closed on the penthouse on top of the Worth Avenue Tiffany & Co. building in Palm Beach for $15.5 million. The residence was delivered as an unfinished shell and the investors plan to complete the residence and list it at potentially $40 million. The penthouse occupies the buildings second floor and rooftop and spans 13,000+/- SF.
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Master Brokers Forum Listing: Step Inside This $25 Million Coconut Grove Waterfront Mediterranean Estate
Master Brokers Forum: Master Brokers Forum member Roberta Ingletto presents this spectacular Mediterranean waterfront home with incredible views of Biscayne Bay, perfectly situated on a quiet street with a gated entrance in Coconut Grove. Features of this six bedroom/five and one-half bathroom home include a chef's kitchen with a marble island, movie theater and more.
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THE ESTATE COMPANIES GRANTED SITE PLAN APPROVAL FOR SOLESTE POMPANO BEACH LUXURY MIXED-USE RENTAL COMMUNITY
The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.
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Italian Developers Capture South Florida
South Florida, the tropical paradise we know and love, can be a challenging business environment for residential developers coming from overseas. So, it’s great to report on a company with strong European roots that continues to make its mark in the region. Coral Gables-based developers The Calta Group, are market leaders with over $150 million in its development project pipeline spread across South Florida’s most prestigious markets.
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Master Brokers Forum Listing: Check Out This Coconut Grove Modern Tropical Oasis Asking $2.995 Million
Master Brokers Forum: Master Brokers Forum member Karen Elmir presents this exceptional turnkey renovated home in the highly desirable north Coconut Grove neighborhood. The 3,152 square foot, four bed/four bath/two story traditional modern home on quiet Tequesta Lane features an open floor plan with master suite on the second floor and private balcony.
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Kadir Tokman, Civic Construction; Edgardo Defortuna, CEO of Fortune International Group; Kasim Badak, CEO of Okan Group; Murat Gülen, Board of Directors of Okan Group; Ibrahim Fesli, Board of Directors of Okan Group; Commissioner Ken Russell; Isil Okan Gulen, Okan Group; City of Miami Mayor Francis X. Suarez; Former Prime Minister of Turkey Binali Yildrim; Bekir Okan, Chairman of the Board of Directors of Okan Group; Turkish Ambassador to the United States Murat Mercan; Ozkan Okan, Okan Group; Robert Behar, Behar Font & Partners; William J. Read, Civic Construction.
Okan Tower Anchored By Hilton Hotel Breaks Ground In Downtown Miami
Okan Tower, the new Downtown Miami megaplex, with residences anchored by a Hilton Hotel, broke ground on Friday, June 17 with all the fanfare of a major international milestone, attended by a who’s who of the business, political, civic, hospitality and real estate brokerage community. Okan Tower represents the largest Turkish investment in the United States with a design inspired by the country’s native flower, the tulip.
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The Alexander Team Launches Ultra-Luxe Real Estate Advisory, Official, Backed By Side
The nation’s leading ultra-luxury real estate group The Alexander Team, led by Oren and Tal Alexander, has left Douglas Elliman to launch their own firm, Official. Official is the first real estate advisory firm to specialize in the ultra-luxury segment of the market and is backed by the San Francisco-based real estate firm Side, which partners with top-producing agents and teams who own their own brands.
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ALTARA Properties Oversees Leasing Of Key Biscayne’s “Miami Vice” Estate On Mashta Island For $100,000 Per Month
ALTARA Properties has successfully overseen the leasing of 400 S Mashta Drive on Key Biscayne which was featured in “Miami Vice” for $100,000 per month. The transaction was brokered by Scott Lawrence Porter of ALTARA Properties and Nile Lundgren of SERHANT who represented the tenant and by Brigitte De Langeron of Fortune International Realty Key Biscayne Inc. who represented the landlord.
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