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  • AquaBlue developer sells Miami Beach spec mansion for $63M, one of La Gorce Island’s priciest sales ever
    by Kate Hinsche on June 13, 2024

    Spec developer Philippe Harari’s AquaBlue Group sold a waterfront spec mansion on Miami Beach’s La Gorce Island for $62.5 million, making it one of the priciest sales ever for the island. Records show Harari’s 98 LaGorce Aqua LLC sold the house at 98 La Gorce Circle to an entity named for the address. Records link The post AquaBlue developer sells Miami Beach spec mansion for $63M, one of La Gorce Island’s priciest sales ever appeared first on The Real Deal.

  • Resia plans 1,300-unit apartment complex in North Miami Beach, amid record South Florida multifamily construction
    by Lidia Dinkova on June 12, 2024

    Resia advanced plans for a 1,296-unit apartment project in North Miami Beach, amid record multifamily construction in South Florida that threatens market oversaturation.  Resia, a subsidiary of Brazilian real estate firm MRV, scored preliminary approval on Monday for the New North Town Center project with five 12-story buildings at 15530, 15540 and 15780 West Dixie The post Resia plans 1,300-unit apartment complex in North Miami Beach, amid record South Florida multifamily construction appeared first on The Real Deal.

  • Hotel coming to South Beach: Keyah buys Washington Ave site for $20M
    by Francisco Alvarado on June 12, 2024

    Keyah Real Estate Group is planning a seven story, 238-key hotel on South Beach’s Washington Avenue. An affiliate of Aventura-based Keyah, led by Xaver Kriechbaum and Gavin Crescenzo, will tear down a single-story retail building and 13-unit apartment building at 1509 and 1515 Washington Avenue that the firm acquired for $20 million, records show.  The The post Hotel coming to South Beach: Keyah buys Washington Ave site for $20M appeared first on The Real Deal.

  • Pérez family’s Related, partners score $400M construction loan for Six Fisher Island
    by Katherine Kallergis on June 12, 2024

    The Related Group and its partners secured a $400 million construction loan for the Residences at Six Fisher Island, an ultra luxury condominium project.  The financing adds to more than $2 billion in condo construction loans that have closed over the past year in South Florida.  Miami-based Related, billionaire Teddy Sagi, the Toledanos’ Aventura-based BH The post Pérez family’s Related, partners score $400M construction loan for Six Fisher Island appeared first on The Real Deal.

  • Heafey’s Conrad Fort Lauderdale scores $80M refi
    by Katherine Kallergis on June 12, 2024

    Heafey Group secured an $80 million refinancing of its loan backing the Conrad Fort Lauderdale Beach condo-hotel, amid a high interest rate environment that’s made it difficult to refinance and secure new debt.  Ocean Bank provided the loan to FLB Hotel and FLB Restaurant, two entities managed by the Canadian real estate firm, records show. The post Heafey’s Conrad Fort Lauderdale scores $80M refi appeared first on The Real Deal.

  • More housing coming to Avenir: GL buys 225 homesites for $24M 
    by Kate Hinsche on June 12, 2024

    GL Homes bought 225 homesites for $23.5 million at Palm Beach Gardens’ master-planned community Avenir. An affiliate of the homebuilder bought the sites at the 4,800-acre Avenir from its namesake development entity, an affiliate of master developer Landstar Development Group, records show. Based in Coral Gables, Landstar is led by principals Rudy Stern, David Serviansky, The post More housing coming to Avenir: GL buys 225 homesites for $24M  appeared first on The Real Deal.

  • Holtzes’ Ritz-Carlton Residences, Miami Beach purchase tops Miami-Dade weekly condo sales 
    by Adam Farence on June 12, 2024

    Miami-Dade County’s condo sales rose the first full week of June, as a penthouse at Ritz-Carlton Residences, Miami Beach topped the charts. Brokers closed 189 condo sales totaling $169 million from June 3rd to June 10th. The previous week, brokers closed 152 condo sales totaling $126 million. Last week’s units sold for an average of The post Holtzes’ Ritz-Carlton Residences, Miami Beach purchase tops Miami-Dade weekly condo sales  appeared first on The Real Deal.

  • Aby Rosen under contract to sell distressed Lincoln Road retail building for $14M
    by Lidia Dinkova on June 11, 2024

    Aby Rosen is under contract to sell his distressed retail building on Miami Beach’s Lincoln Road for $13.6 million, The Real Deal has learned.  Ben Mandell’s Tricera Capital is the contract buyer of the one-story building at 318-334 Lincoln Road, according to sources. Tricera has partners on the purchase, but the sources declined to identify The post Aby Rosen under contract to sell distressed Lincoln Road retail building for $14M appeared first on The Real Deal.

  • Developer switch: AMAC, ROVR scoop up 285-unit multifamily site in Pompano Beach
    by Lidia Dinkova on June 11, 2024

    Three years after scoring approval for a 285-unit multifamily project in Pompano Beach, Art Falcone opted to sell the development site for $13.5 million.  AMAC, led by Ivan and Maurice Kaufman, and Coral Gables-based ROVR Development bought the 6.2-acre property at 3151-3251 North Federal Highway, said Jeremy Forman, vice president of acquisitions at AMAC. The The post Developer switch: AMAC, ROVR scoop up 285-unit multifamily site in Pompano Beach appeared first on The Real Deal.

  • Waterfront Coconut Grove estate asking $39M tops last week’s signed contracts 
    by Katherine Kallergis on June 11, 2024

    A waterfront estate in Coconut Grove, on and off the market for years, found a buyer.  The eight-bedroom, eight-and-a-half-bathroom home at 3080 Munroe Drive in Miami is asking $38.5 million. The 10,000-square-foot mansion topped last week’s Eklund-Gomes luxe signed contracts report, which tracks pending sales of residential properties priced at $4 million and above. Ernst The post Waterfront Coconut Grove estate asking $39M tops last week’s signed contracts  appeared first on The Real Deal.

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