Berkadia has secured a $31 million loan to refinance No.17 Residences Allapattah, a 192-unit attainable luxury apartment rental building in the Fruit Packing District of Allapattah. Berkadia South Florida secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm, led by Lissette Calderon, that specializes in the transformation of overlooked and undervalued communities into vibrant urban neighborhoods. Fannie Mae originated the 10-year loan with five years of interest-only.
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Related Group Unveils Andare Residences By Pininfarina On Fort Lauderdale's Las Olas Boulevard
Related Group (Related), in partnership with legendary Italian design house Pininfarina, is set to launch sales for Andare Residences by Pininfarina (Andare), a recently unveiled boutique condominium development in the heart of Fort Lauderdale's Las Olas Boulevard. Featuring a collection of 163 bespoke residences, the 45-story tower is the first luxury condominium development set to rise above Las Olas Boulevard in nearly 20 years.
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Alirio Torrealba of MG Developer talks with Demetri Demascus of PROFILEmiami at The Village at Coral Gables Showroom
PROFILE Exclusive: 12 Questions With Alirio Torrealba, MG Developer Founder and Coral Gables Visionary
PROFILEMiami had the exclusive opportunity to sit down with real estate developer and philanthropist Alirio Torrealba following the groundbreaking of his new Coral Gables project, The Village at Coral Gables, to see how he built MG Developer into one of the fastest growing development firms in Miami and is continuing George Merrick’s original vision developing “The City Beautiful”.
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Kastrati Group Acquires SLS Brickell Hotel For $55 Million In An Off-Market Cash Transaction
Brickell Miami, LLC, an affiliate of Constellation Hotel Holdings LTD, just sold the iconic SLS Brickell Hotel, a mixed-use hospitality development in the heart of Downtown Brickell, Miami located at 1300 S Miami Ave, in a $55 million in an off-market, cash transaction to an affiliate of the Albania based Kastrati Group. Miami based Broker Jordan Karp of Jordan Karp, LLC represented the Buyer in this off-market cash deal with the assistance of Disruptive Real Estate CEO Stefano Santoro.
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University of Miami Patti and Allan Herbert Business School
Inside Miami Herbert Business School's Accelerated MBA in Real Estate: The Best Way To Take Your Career In Real Estate To The Next Level
Miami, and South Florida in general, are growing hubs for commercial and residential real estate, making the University of Miami Patti and Allan Herbert Business School one of the best places to study for those looking to take their real estate careers to the next level. The Miami Herbert Business School’s Accelerated MBA in Real Estate prepares students to succeed in commercial real estate.
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PROFILE Exclusive: 12 Questions With Restaurant and Entertainment Mogul Mathieu Massa of Queen
PROFILEMiami had the exclusive opportunity to sit down with hospitality mogul and real estate investor Mathieu Massa, who recently opened Queen, one of Miami’s hottest new restaurants in the historic Paris Theater on Miami Beach’s Washington Avenue. Mathieu leads Mr. Hospitality Group, which has opened hotspots such as Marion, El Tucán and Queen.
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2200 Brickell Secures $77 Million Construction Loan from Bank OZK
Aria Development Group, Largo and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story luxury condominium development on Brickell’s lush Millionaire’s Row. The construction financing was provided by Bank OZK which was represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023. Residences are priced from $1.2 million
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Terra Completes Doral Atrium Lifestyle-Driven Retail Development in Doral
Terra, one of South Florida’s most active commercial and residential development firms, has completed construction of Doral Atrium, a 78,000 square foot lifestyle-driven retail development in Miami’s burgeoning City of Doral. News of Doral Atrium’s completion accompanies the signing of a 1,480 square foot new-to-market lease with TREMBLE Pilates Studio at the development.
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Check Out This Ocean Ridge Oceanfront Estate With 100 Feet of Private Beach Asking $24.9 Million
A luxurious estate is nestled between the Atlantic Ocean and the Intracoastal Waterway in the exclusive urban-suburban neighborhood of Ocean Ridge, just south of Palm Beach Island, has hit the market for $24.9 million. The property, 5 Beachway North, has undergone a complete gut renovation, both inside and out after being purchased for $8 million in 2021.
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Related Group and Merrimac Ventures Partner with Hilton To Launch Waldorf Astoria Residences Pompano Beach
Related Group (Related) and Merrimac Ventures alongside hospitality leader Hilton (NYSE: HLT) have announced the signing of Waldorf Astoria Residences, located in South Florida’s emerging market of Pompano Beach. Directly overlooking the Atlantic ocean, the Waldorf Astoria Residences Pompano Beach (The Residences) marks the historic brand’s first-ever foray into purely residential concepts and its official entrance into Broward County.
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