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: Miami
Downtown Miami to get new loft-style condo tower
There is a loft-style condo tower that is being planned to be built at 151 SE First Street in Miami’s Central Business District. This will be a 36-story, 352-unit condominium including very small units and cool lofts with a restaurant on the ground floor, as described by Harvey Hernandez representing Newgard Development Group planning the […]
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 […]
Legoland Florida to expand this summer
Legoland will finally expand this summer and will add a new section for an interactive water ride, a 4-D movie, a Lego-building challenge, and a meet-and-greet with costumed characters. They have also added a Star Wars-themed section, hotels and the water park.
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.
Wellington office park trades at $18.3M discount
After the downfall of the housing market last 2008, the Wellington Reserve Office Park was detained by a commercial mortgage-backed securities trust for not being able to pay its $28.8 million mortgage. Just recently, a firm that obtained almost $100 million of tormented Florida properties in 2012 also purchased the park at a discount of […]
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 […]