Blackstone Group LP sold the 424-room oceanfront Miami Beach Resort hotel for $117 million. Located at 4833 Collins Avenue, the property been bought by Joseph Chetrit and will make some extensive renovation.
Category Archives: Luxury property
Marina Palms Yacht Club unveils penthouse units
Four penthouse units are now available in the Marina Palms Yacht Club. Their prices will start from $1.9 million ($850 per sq. ft.) and ranges from 2,200 to more than 4,300 sq. ft. Location will be at 172nd Street and Biscayne Blvd. Amenities consists of infinity-edge pools, butler service, a spa, club room, a gym, […]
Old Cutler Bay home sells for $5M, nearly $1.5M under ask
The home located at Coconut Grove’s Old Cutler Bay community that had been designed by Ramon Pacheco had been sold for $5.1 million. It has been listed for $6.5 million in 2011 and they lost over more than a million after the sale. An exquisite residence, it is a six bathroom and a six bedroom […]
American Realty offers $5.7B for REIT
American Realty Capital Properties has offered $5.7 billion for a Phoenix-based Cole Credit Property Trust III. This bid places a value on the REIT’s share price of at least $12. If thistransaction is successful, Cole’s value could surge in value to more than $9 billion. American Realty’s CEO, Nicholas Schorsch,further added that his bid is […]
97 percent financing available at downtown Miami condo project
97% of financing is now accessible for some Downtown Miami condominiums and marks that the recession is finally falling behind. Just for example, the developers of a 33-story condominium project, 4 Miami Midtown located at 3301 NE 1st Avenue in Miami, also has this program. Unit starts as low as $267,000 at the high rise […]
200 East sees $14.5M in sales
200 East, a luxury condo in Boca Raton, now could identify resales totaling almost $14.55 million or 14 sales since November last year. This brings the building tenancy to almost 90% complete. There is now only a remainder of 5 units in the 115-unit building.
Buyer of Tiger Woods’ Windermere home revealed
Bubba Watson, who is also a Golf Champion, bought Tiger Wood’s Windermere homes last summer. He is also going to renovate the mansion and almost 95% of its present structure will be changed. Tiger bought the home for $2.475 million in 2000. Unfortunately, the exact sale price was not revealed in Watson’s place this time.
New $300M condo-hotel to rise in Miami
A new 133-room hotel will be co-owned by Sam Nazrian (a Los Angeles nightclub entrepreneur) and Jorge Perez (developers of the Related Group). It is going to cost $300 million SLS Brickell-brand condo-hotel to rise in Miami. Location will be at 1300 South Miami Avenue and is anticipated to open at 2015. Cost per square […]
Wellington equestrian farm sells in auction to Ecuadorean magnate for nearly $7M
$6.88 million was the price for Two Swans Farm, a horse farm, at the Platinum Luxury Auctions and closed at 11th of March. Before the auction sale, the farm has been listed for 3 years without an offer. The initial asking price was $7.5 million and the reserve price was $4 million.
One Thousand Ocean divides penthouse for $5.9M
One Thousand Ocean condominium under Boca Raton was divided into two penthouses under the request of the buyer. The couple liked the place but realized it was too large for them. The other half was just $5.9 million and was already concluded, making the building accomplish a stunning 89% occupancy. The unit stayed as customizable […]