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Read moreBlack Lion's $63M Acquisition: Miami Beach Mixed-Use Building
Robert Rivani's Black Lion has made its boldest move yet in South Florida, securing its largest purchase amidst fierce competition in Miami Beach's office market. The Miami-based commercial real estate investment firm acquired a Miami Beach mixed-use building for $62.5 million, representing a significant 42...
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Read moreUnveiling the Illuminated Splendor of Five Park Tower in South Beach
Five Park Tower, a soaring 48-story skyscraper, has now illuminated the skyline of South Beach, marking a significant milestone in its development journey. Breaking ground in 2021 at the gateway to South Beach, this architectural marvel stands taller than any other building in Miami Beach,...
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Read moreIntroducing Viceroy Brickell - The Residences: A Fusion of Luxury and Style in Miami's Dynamic Hub
This inaugural residential venture by Viceroy brings a fresh wave of elegance and allure to Brickell's bustling financial epicenter. With interiors crafted by the acclaimed studio Meyer Davis and architecture by the renowned Arquitectónica, Viceroy Brickell stands out for its unique blend of luxury and...
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Read moreTerra's David Martin Acquires Stake in Deauville Miami Beach Site, Announces Reconstruction Plans
Developer David Martin has acquired a minority stake in the former Deauville Beach Resort site, a property that billionaire developer Stephen Ross had under contract two years ago. Deauville Associates, led by the Meruelo family, sold a 25 percent interest in the 3.8-acre oceanfront property...
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Read moreFlorida's Ritziest Neighborhoods Surpass California and New York in Real Estate Wealth Growth
Florida's elite neighborhoods, such as Coral Gables and Naples, have made a striking ascent, surpassing traditional high-value markets in California and New York. Zillow Group Inc. data reveals a significant shift: while California held six of the ten priciest neighborhoods in February 2020, Florida and...
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Read moreRecord-Breaking $18 Million Sale Marks Bay Harbor Islands' Priciest Single-Family Home Transaction
Matias Alem and Sergio Balinotti at BRG International facilitated this high-profile transaction and represented the buyer. Jill Hertzberg and Danny Hertzberg of the Jills Zeder Group at Coldwell Banker acted on behalf of the seller. In a landmark transaction for the bayfront enclave, a sprawling...
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Read moreSouth Florida's 2024 Forbes Billionaires: A Mix of Familiar Faces and New Entrants
The 2024 Forbes World's Billionaires List sees a notable presence from South Florida, featuring a blend of recurring honorees and five local newcomers, including the CEO of a top public company and a seasoned homebuilder. Forbes reported a record-breaking number of billionaires worldwide, totaling 2,781...
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Read moreAuberge Resorts Collection to Oversee The Shore Club Resort & Residences in Miami Beach Transformation
Auberge Resorts Collection, renowned for its exquisite luxury hotels, resorts, and residences, has been chosen by the Miami-based developers Witkoff and Monroe Capital to manage The Shore Club Resort & Residences, Auberge Resorts Collection in Miami Beach. Set to reopen in 2027, the rejuvenation of...
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Read moreJeff Bezos Expands Exclusive Miami Property Portfolio with $90 Million Purchase
Jeff Bezos, the billionaire Amazon founder, continues to broaden his real estate footprint in Miami as part of his relocation from Seattle. His most recent acquisition, a $90 million purchase of a third residence on Indian Creek Island, underscores his commitment to the exclusive enclave,...
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Read moreYtech Secures $78 Million Financing for The Residences at 1428 Brickell
Miami-based luxury developer Ytech has recently closed a $78 million financing deal for The Residences at 1428 Brickell. This soaring 70-story condominium tower has already achieved a remarkable 40% sales rate of 189 units. Cervera Real Estate manages the project's sales. Linkvest Capital provided the...
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Read moreTurnberry Secures $172 Million Loan for Luxury Condo Tower at SoLé Mia Project in North Miami
Turnberry, led by Jackie Soffer, has successfully obtained a $172 million construction loan for its upscale condominium tower within the SoLé Mia mixed-use development in North Miami. Arkansas-based Bank OZK provided the mortgage for Turnberry's One Park Tower project. Berkadia's Scott Wadler, Alec Fox, Mitch...
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Read moreFlorida Governor Signs Bill Easing Demolition Rules for Aging Coastal Properties
[caption id="attachment_65509" align="alignnone" width="1024"] Florida Governor Ron DeSantis has recently approved a contentious bill to facilitate the demolition of aging coastal properties, marking yet another legislative victory for developers in the state.Senate Bill 1526, now signed into law, effectively removes the authority of local municipalities...