Bay Harbor Islands-based Finvarb Group, led by developer and hotelier Ronny Finvarb, in partnership with Joseph Chetrit, have acquired the Macy’s property off of Lincoln Road in Miami Beach for $15.5 million, $152 PSF. The iconic building, which is located at 1675 Meridian Ave., was developed in 1953 and is one of the oldest retail buildings in Miami Beach.
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Pulso Capital Acquires Stellar At Palm Aire Build-For-Rent Townhome Community For $21.5 Million
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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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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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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Beachfront Estate With Ocean Views In The Exclusive Golden Beach Leases For $50,000 /Mo.
The luxury real estate market across Miami continues to stay hot and one of the county’s few true beachfront homes in the exclusive Golden Beach community has leased for $50,000 per month to a crypto and NFT investor. Located at 125 Ocean Blvd., the home offers one-of-a-kind ocean views and private beach access. 125 Ocean Blvd is a 5 bedroom home spanning 5,373 SF with 75’ of oceanfront.
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AKAI Estates Sells Record Breaking Home For $15 Million In Southwest Ranches
The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates.
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Actor And Producer Christian Slater Sells Classic Coconut Grove Home For $4.258 Million
American actor and film producer Christian Slater has sold his Coconut Grove home for $4.258 million after only 3 days on the market and for 10% above asking price. The home is located at 3618 Saint Gaudens Rd. Liz Hogan and Charles Celesia with Compass represented Slater in the transaction and the buyer, Mafer CG LLC, was represented by Jeannette Behrens with Berkshire Hathaway HomeServices.
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Two Combined Single-Family-Home Lots at The Links Estates at Fisher Island Sell For $13 Million
Two combined single-family-home development lots at The Links Estates at Fisher Island spanning 31,619 SF have sold for $13 million, $411 PSF of dirt. Sandra Fiorenza with ONE Sotheby's International Realty and her husband Randall, the CEO and Owner of Pan Am Flight Academy, purchased 1003 and 1004 Links Estate Drive from the developer Fisher Island Holdings, LLC, led by Heinrich von Hanau. 1003 spans 15,949 SF and 1004 spans 15,670 SF, offering a combined 31,619 SF.
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Ken Griffin Expands Brickell Holdings As Citadel Leases 95,000 SF At 830 Brickell
The multi-billionaire hedge fund magnate Ken Griffin, who founded the Chicago-based Citadel Securities, has continued to expand his Brickell portfolio while Citadel signed a lease for 95,000 SF at OKO Group’s 830 Brickell office tower. Griffin announced earlier this year that both Citadel and Citadel securities will move to Miami from Chicago.
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Gridline Properties Represents Seller And Buyer In Sale Of Ebb & Flow Retail Strip Center In Miami's Little River District
Ebb & Flow, a retail strip center in Miami’s Little River District, has sold for $18.15 million, marking one of the largest sales in the neighborhood, testifying to the areas growth the progress. Ebb & Flow is a unique retail strip center comprised of two buildings on two lots measuring 32,000 square feet and 81,224 square feet.
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