184 unit Boynton Beach Apartment sold for $358K a unit to Yuksel BB LLC
A 184-unit apartment complex in Boynton Beach, Fla., has sold for $71 million, a price that eclipses its previous sale in 2018 by 69 percent. Yuksel BB LLC of West Palm Beach is the new owner of High Ridge Landing at 3609 High Ridge Way, according to a deed recorded Friday. The seller was High Ridge Landing, an affiliate of American […]
David Beckham and Partners get green light from Miami to build Soccer Stadium, Hotel, Mall and Office space on 58 acres
Miami Freedom Park, the city’s massive soccer stadium development, scored a key victory this week, paving the way for construction to begin. The Miami City Commission voted Wednesday to approve the final zoning changes necessary to build the mixed-use complex that will serve as the base for the Major League Soccer team Inter Miami CF, owned by former Manchester United star David Beckham and […]
Related Group purchased land to build 51 Condos on Fisher Island expected to sell for $60M each
A venture led by Related Group paid more than $100 million for the last developable parcels on Fisher Island, Fla., one of the wealthiest towns in the country. The joint venture, which also includes Israeli billionaire Teddy Sagi, BH Group and Wanxiang America RE Group, plans to build a cluster of 10-story condominium buildings. The […]
Lincoln Property Group acquires 297units, new construction in Boca Raton at $653K per unit
Lincoln Property Company paid $194 million for a newly built multifamily complex in Boca Raton, Fla., property records show. The development, Manor Broken Sound, features 297 units, including six villas. The purchase by Dallas-based Lincoln Property equates to $653,200 per unit. The sellers — South Florida real estate heavyweights the Related Group and Rockpoint — […]
New Raleigh makeover is the latest redevelopment of historic properties along Miami Beach’s famed oceanfront strip.
Michael Shvo has scored a total of $147 million now for the redevelopment of the historic Raleigh Hotel in Miami Beach, property records show. The Manhattan-based developer plans to restore the eight-story hotel, originally constructed in 1940, and build a 17-story condo tower next door. The development, designed by Peter Marino and Kobi Karp, will boast 220 feet of ocean frontage, […]
New Construction on 330 unit by Invesca coming to South Florida
Invesca Development Group has sealed $85 million of construction financing to build a luxury apartment building in Florida’s Broward County just outside Fort Lauderdale, Commercial Observer has learned. Madison Realty Capital supplied the loan for Invesca’s planned PIXL Plantation, a 330-unit project in Plantation, Fla. BayBridge Real Estate Capital’s Jay Miller, Spencer Miller and AJ Felberbaum originated the transaction. “As the property’s prior lender […]
Rent Report – Miami – by Apartment List
September 2022 Miami Rent Report – by Apartment List Welcome to the September 2022 Miami Rent Report. Miami rents remained steady over the past month. In this report, we’ll evaluate trends in the Miami rental market, including comparisons to cities throughout the metro, state, and nation. Miami rents increased over the past month Miami rents […]
Rent Report – Tampa – by Apartment List
September 2022 Tampa Rent Report – by Apartment Lists Welcome to the September 2022 Tampa Rent Report. Tampa rents increased over the past month. In this report, we’ll evaluate trends in the Tampa rental market, including comparisons to cities throughout the state and nation. Tampa rents increase sharply over the past month Tampa rents […]
New Development coming between Brickell and Coral Gables. 1/2 an acre for $9M
A Swiss real estate firm is planning 85 units of housing at a site in Miami soon to be known as CoralGrove Brickell. Empira Group acquired the .53-acre site at 3025 SW Third Avenue and 3051 SW Third Avenue from Chile-based developer Ambienta Inmobiliaria for $9 million, according to property records. The land sits on […]
Record setting $430M / $869K per unit sale of Coral Gables Luxury Rentals
Global real estate company Hines has paid $430 million for the 1.2 million-square-foot Gables Station development in Coral Gables, Fla., the company announced. Designed by Gensler, Gables Station is a luxury rental complex with 495 apartments, 25,000 square feet of coworking space and 80,000 square feet of health and fitness space, all centered around a […]