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      • Xebec nabs $44M construction loan for industrial development near Miami Gardens
        by By Lidia Dinkova on February 2, 2023 at 11:00 pm

        Xebec scored a $44 million construction loan for an industrial development near Miami Gardens. The Dallas-based firm secured financing tied to 15.7 acres of land on the northeast corner of Northwest 67th Avenue and Northwest 167th Street in unincorporated Miami-Dade County, according to records. Fifth Third Bank is the lender. The land, east of New Testament Baptist Church and Dade Christian School at 6601 Northwest 167th Street, used to be a baseball and football field ... [more] The post Xebec nabs $44M construction loan for industrial development near Miami Gardens appeared first on The Real Deal South Florida.

      • Trinity and Credit Suisse to buy Hollywood’s Diplomat for $850M
        by By Francisco Alvarado on February 2, 2023 at 10:28 pm

        Trinity Investments is teaming up with Credit Suisse to acquire Hollywood’s Diplomat Beach Resort and adjacent properties for $850 million, The Real Deal has learned. The joint venture also tapped Miami-based Related Group and Aventura-based BH Group to co-develop two towers on the development sites. The deal, which would be among the largest commercial sales on record in South Florida, is scheduled to close on Friday, according to a source close to one of the ... [more] The post Trinity and Credit Suisse to buy Hollywood’s Diplomat for $850M appeared first on The Real Deal South Florida.

      • Jackie Soffer and Craig Robins ask $45M for waterfront Miami Beach mansion
        by By Katherine Kallergis on February 2, 2023 at 9:30 pm

        Developers Jackie Soffer and Craig Robins are looking to sell their waterfront Miami Beach mansion for $45 million. The Sunset Islands home at 2511 Lake Avenue, with seven bedrooms, eight bathrooms and two half-baths, is hitting the market with Jill Hertzberg and Jill Eber of Coldwell Banker, a spokesperson for the Jills Zeder Group confirmed. The Wall Street Journal first reported the listing. Though residential sales began to slow last year, many sellers are still ... [more] The post Jackie Soffer and Craig Robins ask $45M for waterfront Miami Beach mansion appeared first on The Real Deal South Florida.

      • Ambrose scores $27M construction loan for warehouse project in Jupiter
        by By Francisco Alvarado on February 2, 2023 at 8:30 pm

        Ambrose Property Group nabbed a $27 million construction loan to build a spec warehouse in Jupiter. Cincinnati-based Fifth Third National Bank provided the financing for the planned 246,000-square-foot distribution facility at 158110 Walgreens Drive, records show. Ambrose, an Indianapolis-based industrial developer led by CEO Aasif Bade, acquired the 17-acre development site in Palm Beach Park of Commerce for $5.6 million last year. The project is scheduled to break ground this month with an anticipated completion ... [more] The post Ambrose scores $27M construction loan for warehouse project in Jupiter appeared first on The Real Deal South Florida.

      • Financier sells Bristol condo in West Palm for $21M
        by By Kate Hinsche on February 2, 2023 at 7:30 pm

        A financier sold his condo in the Bristol in West Palm Beach for $21 million. Records show Robert and Carol Garvy sold unit 1901 in the tower at 1100 South Flagler Drive to John J. Nelson. Nelson and his wife, Renee Raudman Nelson, financed the purchase with a $12.5 million mortgage from Bank of America, records show. Samantha Curry of Douglas Elliman had the listing, and Steve Hall of Compass represented the buyer. Robert Garvy ... [more] The post Financier sells Bristol condo in West Palm for $21M appeared first on The Real Deal South Florida.

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