A residence at The Bristol in West Palm Beach has just closed for $21 million, double what it previously traded for in 2019 and the highest price ever paid for a single unit at the coveted residential building. Per public record, Samantha Curry with Douglas Elliman, who has sold close to $400 million at The Bristol, represented the seller. Steve Hall with Compass represented the buyer.
Read MoreTriple-Lot Waterfront Estate In Hallandale's Golden Isles Sells For Record $10 Million
An expansive triple-lot residence in the gated Hallandale community of Golden Isles located at 101 Holiday Drive sold for $10 million, setting a new benchmark for the neighborhood as the highest price ever paid for a single-family home. The sale also breaks the record as the highest price ever paid for a single-family home in the City of Hallandale. The highest previous record sale within Golden Isles closed in April of 2022 for $6,395,000.
Read MoreLimestone Asset Management and Orion Real Estate Acquire Pinecrest Retail Center For $70.5 Million
Miami-based Limestone Asset Management, via a joint venture with Orion Real Estate Group, has acquired Colonial Palms Plaza, a retail center located in the Pinecrest area at 13601–13621 S Dixie Highway, Miami, FL, 33176, for $70.5 million on Dec. 23, 2022. Eric Williams of JLL represented the seller, MetLife Investment Management. Goldman Sachs is providing financing for the purchase.
Read MoreBrick & Timber Collective Acquires Wynwood Office Building Cube Wynwd For $62 Million
Brick & Timber Collective has acquired Cube Wynwd, an office building in Miami’s hot Wynwood neighborhood, from Tricera Capital and Alex Karakanhian’s LNDMRK Development for $62 million. The transaction closed on December 13 and Tricera and LNDMRK retained an undisclosed ownership stake in Cube Wynwd. Tricera and LNDMRK originally acquired the 100,000 SF office building for $28 million in an April 2021.
Read MoreSabal Development Acquires Miami Beach Spec Home Site Overlooking La Gorce Country Club Golf Course
The Miami-based Sabal Development has closed on a 12,000+ SF development site which overlooks the La Gorce Country Club golf course for $4.2 million. The property is located at 5440 La Gorce Drive in Miami Beach and will be developed into a Choeff Levy Fischman-designed tropical modern spec home.
Read MoreLargest Penthouse In The United States Sold At Waldorf Astoria Residences Miami
The crown-jewel penthouse at Waldorf Astoria Residences Miami, which will become the largest penthouse in the United States high-atop Miami’s first supertall tower, has sold for an undisclosed price. The five-story, 33,000+ square foot “Mansion in the Sky” will be the tallest residential unit south of Manhattan.
Read MoreRobert Rivani's Black Lion Investment Group Expands South Beach Holdings With One Ocean Acquisition For $12.25 Million
Real estate investor Robert Rivani’s Black Lion Investment Group has expanded their South Beach holdings with the acquisition of the ground floor restaurant space in One Ocean, a 50-unit luxury condominium building in Miami Beach’s exclusive South of Fifth neighborhood. Rivani paid $12.25 million for the space which offers an indoor area of 10,404 SF and an outdoor area of 3,588 SF.
Read MoreDevelopment Site In Miami's Little River Neighborhood Trades For $13.3 Million
Little River has been a hotspot for investment and yet another significant transaction has as an undisclosed buyer acquired a development site for $13.3 million. The sale included 2.2 acres on NE 2nd Ave in the northern section of Little River, located at 8038 NE 2nd Ave. Gridline Properties’ Broker and Principal Alfredo Riascos represented the seller, Thomas Conway of Conway Commercial Real Estate.
Read MoreAlchemy-ABR Investment Partners Close On Wynwood Development Site For $18 Million
Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.
Read MoreWaterford Corporate Centre Trades For $16.9 Million, To Become New Worldwide HQ For Benitez & Company CPA
The Waterford Corporate Centre, a multi-tenant office property which was renovated in 2019, ha sold for $16.9 million. The property is located at 5835 Blue Lagoon Drive, Miami, FL 33126 and spans 61,194 SF. The Waterford Corporate Centre was 97% leased at the time of sale and the tenant list includes The United States Department of Commerce, The State of Florida Department of Education, Volvo Group North America and World Trade Center Miami.
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