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Month: January 2023

Aimco spinoff Air pays $251 million for South Beach Southgate Towers

Aimco spinoff Air pays $251 million for South Beach Southgate Towers

10 January, 2023 ED news 0 Comments News 8:31 pm

[ad_1] The buyer had signed contract on two apartment buildings last year for $298 millionAir Communities has bolstered its portfolio with the $250.5 million purchase of Southgate Towers in Miami Beach.Air, or Apartment Income Real…

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Vlad Doronin and Len Blavatnik Win $242M Construction Loan for Aman Miami Beach

Vlad Doronin and Len Blavatnik Win $242M Construction Loan for Aman Miami Beach

10 January, 2023 ED news 0 Comments News 6:23 pm

[ad_1] The financing is in addition to OZK Bank's 2020 loan totaling $277 millionBillionaires Vlad Doronin and Len Blavatnik have secured a $242.4 million construction loan from Bank OZK for their oceanfront Aman Miami Beach…

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Park Grove tops Miami-Dade's weekly condo sales

Park Grove tops Miami-Dade’s weekly condo sales

10 January, 2023 ED news 0 Comments News 3:08 pm

[ad_1] The top 10 sales ranged from $1 million to $4.7 millionA Miami condo won the most expensive sale spot at $4.7 million — marking a slow start to the first week of the year,…

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Miami-Dade home sales prices finish 2022 strong

Miami-Dade home sales prices finish 2022 strong

9 January, 2023 ED news 0 Comments News 11:55 pm

[ad_1] December's top sales ranged from $900,000 to $21,000,000, compared to $1,000,000 to $11,000,000 in NovemberMiami-Dade County luxury condo sales finished the year strong, reflecting the resilience of the South Florida market despite broader economic…

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Vote of the week: Aman Miami Beach, Miami's medical marijuana zone

Vote of the week: Aman Miami Beach, Miami’s medical marijuana zone

9 January, 2023 ED news 0 Comments News 9:38 pm

[ad_1] Miami commissioners will also vote on a co-housing, micro-unit ordinance This week, the Miami City Commission is set to vote on a series of zoning ordinances, including one related to medical marijuana dispensaries.And a…

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Tech entrepreneur sells North Bay Road waterfront mansion for $25 million

Tech entrepreneur sells North Bay Road waterfront mansion for $25 million

6 January, 2023 ED news 0 Comments News 11:08 pm

[ad_1] SEC Charges Salesman Eric Dalius with $164 Million in Alleged Ponzi Scheme in 2018A tech entrepreneur has sold a North Bay Road beach mansion for $24.8 million — five years after he was cited…

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Miami-Dade ranks as the “most competitive” apartment market in 2022

Miami-Dade ranks as the “most competitive” apartment market in 2022

6 January, 2023 ED news 0 Comments News 9:05 pm

[ad_1] If you were rent-hunting last year, chances are you had a tougher time than renters elsewhere in the US, report showsBy now, it's clear that Miami-Dade County residents are struggling to find a rental.…

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Wayne Boyce buys beachside rip next to his Miami Beach estate

Wayne Boyce buys beachside rip next to his Miami Beach estate

5 January, 2023 ED news 0 Comments News 11:31 pm

[ad_1] Boich hasn't decided whether to keep or sell the house he plans to build on the propertyDeveloper Wayne Boich, who made his fortune in the coal mining industry, paid $11.6 million for a cliff…

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The Ritz-Carlton Sunny Isles tops Miami-Dade's weekly condo sales

The Ritz-Carlton Sunny Isles tops Miami-Dade’s weekly condo sales

4 January, 2023 ED news 0 Comments News 2:53 pm

[ad_1] The top 10 sales ranged from $900K to $7.3MMiami-Dade County condo sales volume fell in the final week of the year. Condo sales totaled $45.8 million, a sharp drop from $91.1 million in sales…

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New York firm sells Miami Beach mixed-use building at 40% loss.

New York firm sells Miami Beach mixed-use building at 40% loss.

4 January, 2023 ED news 0 Comments News 1:16 am

[ad_1] Distressed sales expected in South Florida amid rising interest rates, but this Collins Avenue building traded at a discount due to large vacancies, broker saysDistressed real estate investor ARC PE has snapped up a…

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