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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Fontainebleau Miami Beach Exits Special Servicing On $975 Million CMBS Loan
Jeffrey Soffer’s Fontainebleau Miami Beach has exited special servicing on its $975 million commercial mortgage-backed security loan (CMBS). When issued in November 2019, the loan was the largest CMBS hotel loan in South Florida. The loan entered special servicing on March 30 amid the onset of the COVID-19 pandemic and following a modification request.
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Talent Hub Agency Acquires Ground-Floor Retail Suite At Merrick Manor In Coral Gables
Merrick Manor in Coral Gables has announced the sale of a ground-floor retail condominium to Talent Hub Agency, where the firm will open their new Miami headquarters following the acquisition. Merrick Manor is a mixed residential and commercial luxury condo building developed by the Henry Torres-led Astor Companies.
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Avison Young’s Florida Capital Markets Group Oversees Sale Of Concept II Towers In Lake Worth
Avison Young’s Florida Capital Markets Group has overseen the sale of Concept II Towers in Lake Worth for $10.9 million to local real estate investor Allen Chelminsky. The 6.6-acre complex, located at 2290-2328 10th Ave., features a pair of office towers which were developed in 1985.
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Vladislav Doronin and Len Blavatnik Receive Approval For Aman Hotel & Residences In Miami Beach's Faena District
Vladislav Doronin and Len Blavatnik have received approval from Miami Beach City Commissioners to build Aman Hotel & Residences in Miami Beach’s Faena District. The developers will build a new 250’ tall tower adjacent to the historic Versailles Hotel located at 3425 Collins Avenue, in addition to restoring the Versailles Hotel back to its former splendor.
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Check Out This Exclusive Oceanfront Duplex Residence In The Newly Completed Arte by Antonio Citterio
A duplex villa in Arte, by Antonio Citterio, recently hit the market in Miami’s Surfside neighborhood. Arte is a unique oceanfront residence that embraces seaside views and modern architecture with a mediterranean flair. Antonio Citterio collaborated with interior designer Patricia Anastassiadis of Artefacto, leader of Brazilian design, to produce this exquisite villa.
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Check Out Laszlo Fazekas of LF Homes’ Personal Residence Complete With Mini Golf And Night Tennis
16121 Aberdeen Way in Miami Lakes, the personal home of LF Development CEO Laszlo Fazekas, hits the market for $4.495 million with Douglas Elliman. The home is a unique contemporary glass dome complete with exterior sporting activities. Miami Lakes attracts many famous home owners as this property once belonged to Florida Senator, Bob Graham.
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Elevate Partners Locks Down $92 Million In Financing For The Newly Completed Four West Las Olas Apartment Tower
Elevate Partners, led by Scott Bodenweber and Tom Vogel, have locked down $92 million in 3-year bridge financing with optional extension for Four West Las Olas. The loan was provided by the New York-based Benefit Street Partners Realty Trust, who provided $76 million of senior debt, and the West Palm Beach-based Electra Capital who provided $16 million in mezzanine financing.
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The Ritz-Carlton Residences Miami Beach Unveils New 3-Bedroom Penthouse
The Ritz-Carlton Residences, Miami Beach, unveils its newest model unit designed by French interior designer LIAIGRE. The unit is an elegant 3-bedroom penthouse with a modern minimalist interior that demonstrates LIAIGRE’s signature aesthetic of clean lines and perfect proportion as well as function. The ready to move in penthouse is listed at $5.995 million and includes over 3,400 sq.ft. of interior space, 420 sq.ft. of exterior space and floor to ceiling windows.
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Lennar Acquires 209 Home Lots In Delray Beach's Avalon Trails Community From 13th Floor Homes
Lennar Corp. (NYSE: LEN) has acquired 209 home lots from an entity tied to 13th Floor Investments in the Avalon's Trails community in Delray Beach for $27.64 million. The price pans out to roughly $132,000 per lot and the seller may be eligible to participate in the success of the project where homes are priced from the mid-$300,000’s.
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