Main Content

      News

      The Real Deal South Florida South Florida Real Estate News

      • Forest Development, Royal Palm nab $269M condo construction loan
        by By Lidia Dinkova on July 1, 2022 at 9:32 pm

        A joint venture between Forest Development and Dan Kodsi’s Royal Palm Companies scored a $269 million construction loan for a waterfront condo project in Palm Beach County’s Lake Park. Boca Raton-based Forest Development recently partnered with Miami-based Royal Palm on the two 24-story tower Nautilus 220 development along the Intracoastal Waterway at 220 Lake Shore Drive, according to a Forest news release. Lake Park is north of Riviera Beach and south of North Palm Beach, ... [more] The post Forest Development, Royal Palm nab $269M condo construction loan appeared first on The Real Deal South Florida.

      • CP Group, DRA Advisors buy Miami Tower for $164M
        by By Francisco Alvarado on July 1, 2022 at 8:58 pm

        CP Group and DRA Advisors teamed up to buy Miami Tower, a landmark downtown office skyscraper known for its color-changing LED exterior, for $60 million less than its owner paid six years ago in a bet that the recent rush of major employers to South Florida will continue. A source close to the deal said the joint venture paid $163.5 million for the 47-story Class A tower at 100 Southeast Second Street. Dominic Montazemi of ... [more] The post CP Group, DRA Advisors buy Miami Tower for $164M appeared first on The Real Deal South Florida.

      • “Get your money out now”: Miami brokers target Colombian buyers after leftist’s election
        by By Katherine Kallergis on July 1, 2022 at 7:00 pm

        Uncertainty in the wake of left-wing Colombian presidential candidate Gustavo Petro’s victory in a June runoff election has Miami preparing for a wave of buyers from Latin America. Brokerages say they’ve been sending agents to Colombia to market both new developments and existing properties in South Florida, hoping to capitalize on demand from wealthy residents who may seek to move their assets out of the country. Miami has long been known to attract international investors, ... [more] The post “Get your money out now”: Miami brokers target Colombian buyers after leftist’s election appeared first on The Real Deal South Florida.

      • Oak Row Equities plans 400-unit apartment, office tower in Edgewater
        by By Lidia Dinkova on July 1, 2022 at 6:00 pm

        Oak Row Equities, the developer and private equity firm that until recently was known as Carpe Real Estate Partners, is planning a roughly 40-story apartment and office tower in Miami’s booming Edgewater neighborhood. The newly renamed firm, led by founders Erik Rutter and David Weitz, purchased the 2-acre site between Northeast Second Avenue and Biscayne Boulevard for $35 million from entities tied to hedge funder Bruce Berkowitz, according to Global Investment Realty’s Alex Suarez, who ... [more] The post Oak Row Equities plans 400-unit apartment, office tower in Edgewater appeared first on The Real Deal South Florida.

      • Kaufman Lynn sells Delray Beach HQ for $10M, but firm won’t relocate
        by By Francisco Alvarado on July 1, 2022 at 4:00 pm

        Kaufman Lynn Construction sold its Palm Beach County headquarters for $10.3 million, but is staying put. An entity managed by Kaufman President and CEO Michael Kaufman sold the 22,000-square-foot, single-tenant office building at 3185 South Congress Avenue in Delray Beach, records show. The buyer, J.J.D. Associates of Palm Beach, an entity tied to Westmount Management’s David Ezagui, paid $467 per square foot. A Marcus & Millichap team including Douglas Mandel and Marc Strauss represented both ... [more] The post Kaufman Lynn sells Delray Beach HQ for $10M, but firm won’t relocate appeared first on The Real Deal South Florida.

      error: Content is protected !!