Florida Keys Tortuga Beach Club resort sold
Glunz Ocean Beach Hotel & Resort in the Florida Keys
A Florida Keys resort was sold recently to a nearby hotel owner.
The Chicago-based Glunz family bought the Tortuga Beach Club, located at 301 East Ocean Drive in Key Colony Beach, on Dec. 17, according to a published report.
The resort has eig…
West Brickell Becoming New Frontier
Parcels between Brickell Avenue and I-95 are being eyed for new investment dollars, changing the area from low density single-family homes to high density mixed-use ventures. CLICK ON THE HEADLINE FOR MORE…
Real estate’s most talked-about lawsuits of 2014
Clockwise from left: Nitin Motwani and Miami Worldcenter, Craig Robins and Ugo Colombo, Flagstone project, Prive Aventura and Gary Cohen, and Jeffrey Soffer
In 2014, some developers found themselves in legal battles that delayed projects, called into question agreements with local governments and de…
South Florida eclipses 40K new condo units milestone
Peter Zalewski
The South Florida preconstruction condo market surpassed the long-anticipated symbolic milestone of 40,000 units this cycle in the final days of 2014 with a flurry of announcements by competing developers planning a series of projects east of Interstate-95 in Miami-Dade, Broward …
Several major development projects on tap in Royal Palm
An Aldi store
Single family homes, a new Aldi store, distribution center and headquarters and a newly constructed retail complex are among the large-scale development projects in the works in the village of Royal Palm Beach in Palm Beach County.
Topping the list is the village’s sale…
NY REIT shells out $52M for West Palm Property
101 North Clematis
Colonnade Clematis, LLC, a New York-based REIT, purchased a mixed-use property in West Palm Beach for $52.1 million on Dec. 22, 2014, according to Palm County public records. The REIT is the owner of a portfolio of properties throughout the U.S., and was the owner of the historic …
Condo development site on Intracoastal Waterway in Fort Lauderdale sold for $10.6M
Fort Lauderdale Intracoastal Waterway. Credit: Jessie Eastland
A Fort Lauderdale condo development site along the Intracoastal Waterway has sold for $10.6 million.
The 33,984-square-foot site on Bayshore Drive at Riomar Street was purchased for $312 per square foot. It last sold in 2001 fo…
Bayside Marketplace mortgage increased to $250M
Bayside Marketplace
Bayside Marketplace was approved for a $250 million mortgage on Dec. 23, according to Miami-Dade records.
The loan, provided by Deutsche Bank, will be used for renovations and an expansion. Bayside has 228,000 square feet of retail and 1,300 parking spaces. Its last mortgag…
Flagler West Corporate Park sale closes for $25M
CBRE closed sale of Flagler West Corporate Park.
The $25 million sale of an 8.71-acre mixed-used property in Southwest Miami-Dade closed on Tuesday. CBRE arranged both the sale and financing of the site, which includes a 126,004-square-foot office building with a bank as a tenant and a 9,2…
Starchitect Behind New Miami Office Condos
MIAMI– Some of the big names giving buildings more appeal and distinction among buyers include Armani, Fendi, Thom Filicia, Yves Behar, and Porsche–and a starchitect from a generation past….
Avison Young Duo Helps Close $33 Million Purchase
Two Avison Young brokers helped arrange the $33 million purchase of a Boca Raton office complex as part of a 1031 transaction. …
Lawyer Leads White & Case Team on $260 Million Project
Carlos Viana led White & Case lawyers from Miami, Mexico City, London and New York City in negotiating and drafting three ship-or-pay agreements as well as financing documents with four different banks. …
REIT Pays $52 Million for Prime West Palm Property
The mixed-used tower at 101 N. Clematis St. is a highly visible Class A property at one of downtown West Palm Beach’s busiest intersections. …