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.
Read More
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.
Read More
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.
Read More
Plans for Waves Dania Beach Mixed-Use Project Approved by City Commission
Waves Dania Beach, two tower mixed-use project, has announced that its site plans were passed by the Dania Beach City Commission on Tuesday, January 12, 2020. The approval paves the way for the developer to move forward with planning the two tower development located at 90 N Bryan Road along the waterway.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
PPG Development Acquires TRYP by Wyndham Miami Bay Harbor Hotel For $30 Million
PPG Development, led by Ari Pearl, has acquired TRYP by Wyndham Miami Bay Harbor Hotel for $30 million, roughly $312,500 per key. The acquisition was financed by a $26 million short-term mortgage provided by Arbor Realty SR.
Read More
Tech-Enabled Business Travel Firm 'Mint House' Expands To Downtown Miami
At a time when major operators business travel short-term lease extended stay operators such as Lyric and Stay Alfred are shuttering, Mint House, a tech-enabled hotel company for high-end business travelers, is continuing to rapidly expand despite the COVID-19 pandemic.
Read More