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GoldenTree Asset Management, Vista Investments of Florida, more | downtown West Palm Beach  Steve Ross scored new tenants and lease renewals at his downtown West Palm Beach office towers.  New York-based global asset manager GoldenTree  Asset Management, founded by Steven A. Tananbaum; Chicago-based Vista Investments of Florida, founded by Tom Tisbo; and New York-based private equity […]

The post Lease roundup: Steve Ross lands GoldenTree, Amerant Bank at his downtown West Palm towers appeared first on The Real Deal.

Ann Barish, a socialite who is married to Planet Hollywood co-founder and film producer Keith Barish, secured a buyer for her waterfront Miami Beach home.  Barish, whose full name is Edith Ann Barish, owns the nearly half-acre property at 4810 North Bay Road via a trust, property records show. The two-story, six-bedroom Mediterranean-style house is […]

The post Wife of Planet Hollywood co-founder finds buyer for waterfront Miami Beach home appeared first on The Real Deal.

Grand Peaks bought a 448-unit apartment complex near Boca Raton for $90.9 million, marking a slight discount from its last sale price five years ago.  Denver-based Grand Peaks scooped up The Seven at West Boca at 10235 Boca Entrada Boulevard in unincorporated Palm Beach County from Tampa-based American Landmark Apartments, according to records and real […]

The post Grand Peaks buys rental complex near Boca Raton for $91M –– a slight discount from its last sale price  appeared first on The Real Deal.

The pandemic’s effects on South Florida’s real estate industry are well documented. Prices for homes and land skyrocketed, as did apartment, retail, office and industrial rents. Dozens of cranes filled the skyline. Billionaires moved to or expanded their holdings in the region.  This “flight to Florida” will continue, experts said at The Real Deal’s South […]

The post “Flight to Florida” will continue despite high costs, limited inventory: takeaways from The Real Deal Miami forum appeared first on The Real Deal.

Miami-Dade County’s condo sales and total dollar volume fell last week. Brokers closed 83 condo sales totaling $61 million from Nov. 3rd to Nov. 10th. The previous week, brokers closed 120 condo sales totaling $92.5 million. Last week’s units sold for an average of $735,595, lower than the $770,797 average price from the previous week. […]

The post Grovenor House closing tops Miami-Dade weekly condo sales  appeared first on The Real Deal.

BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based real estate investment firm led by co-CEOs Sonny Kalsi and John Carrafiell, bought a cold storage facility at 7600 Northwest 82nd Place, records and real estate database Vizzda show. Food […]

The post Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant appeared first on The Real Deal.

The Morrison family’s Sympatico Real Estate scooped up an apartment complex with some workforce units near West Palm Beach for $17 million.  Sympatico bought the 56-unit Aviara Green at 2157 South Haverhill Road in unincorporated Palm Beach County from Delray Beach-based MAG Real Estate & Development, according to records and a news release from the […]

The post Morrison family’s firm pays $17M for apartment complex with workforce units near West Palm Beach appeared first on The Real Deal.

Most developers worry about finding buyers for their projects. Todd Glaser found Herbert Wertheim admiring his car in front of SurfSide Diner in Palm Beach.  The conversation started over Glaser’s 1957 Mercedes-Benz 300SL and turned into an off-market deal with the billionaire inventor and Trump friend. Records show Wertheim bought the waterfront house at 305 […]

The post Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M appeared first on The Real Deal.

Fort Partners is forging ahead with plans for another oceanfront condo development in Surfside.  The Fort Lauderdale-based firm, led by Nadim Ashi, secured a $110.7 million construction loan for Surf House, an 11-story, 17-unit building planned for 8995 Collins Avenue, property records show. Athene Annuity & Life Company, managed by its investment adviser Apollo Global […]

The post Fort Partners nabs $111M construction loan for oceanfront Surfside condos appeared first on The Real Deal.

Icon Equity Group allegedly duped investors into funding a quartet of uncompleted luxury home, condominium and restaurant projects in Broward and Palm Beach counties, according to a recent lawsuit.  Three entities sued Delray Beach-based Icon Equity, seven affiliates and the firm’s principals Marc Shulman and Anthony Shafer in Palm Beach Circuit Court on Oct. 28, […]

The post Investors sue developer Icon Equity for alleged fraud appeared first on The Real Deal.

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