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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.

[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 says Distressed real estate investor ARC PE has snapped up a mixed-use building on Miami Beach’s once-popular Collins Avenue retail strip, paying 41 percent less than the property’s purchase price

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Jackpot: Casino tycoon from Bahamas sells house in Venetian Islands for $28 million

Jackpot: Casino tycoon from Bahamas sells house in Venetian Islands for $28 million

[ad_1] Built in 2021, the waterfront home spans 6,400 sf Bahamian casino mogul Sebastian Bastian has sold his Venetian Islands home in Miami for $28.3 million. Records show Diamond Seafront Group LLC, a Florida entity managed by Bastian, sold the home at 830 West Dilido Drive to a trust named for the address. Miami attorney

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