Condominium board’s rules are to blame according to Helen Bygel’s attorney. This accident happened two years ago when Helen hit a nine year old boy while she exited her garage at West Palm Beach villas. Her attorneys say that there is a multiple hedges that were too high and hid the boy from her sight […]
Icon board president cashed $100K in checks from tony condominium’s accounts
John Stimmel, Board President of the Icon at South Beach, has cashed more than $113,000 in checks between 2005 to 2008. This was discovered by the condominium’s occupants at the beginning of this month. Stimmel says that the money was utilized as Christmas tips for the building’s employees. But for whatever reason, residents say, […]
Arab royalty renting A-rod’s Miami mansion?
The19.861 sq ft mansion,overlooking Biscayne Bay, is now being rented by four Saudi princes. This is Alex Rodriguez’ property, a New York Yankee, which failed to be sold due to lack of buyers and ended up making the estate available for rent. Reports said that the North Bay Road home is being leased for more […]
Payson Park horse racing facility slashes ask to $9M
Payson Park has brought down its selling price from $12 million to only $8.95 million since it has not been sold ever since 1980. It is a 405-acre commercial equestrian possession in Indiantown consisting of 21 barns, 499 stalls and its famous one-mile championship track. This property also includes dormitories for a total of 62 […]
Las Olas Grand unit sets sales record
A four-bedroom unit in Las Olas Grand building, located in Fort Lauderdale, has been sold for almost $609.61 per sq ft., or a total of $2.6 million. This is a 4.265 sq ft condo, unit no. 3501, featuring a master suite with two walk-in closets, four parking spaces, four-and-a-half bathrooms, three balconies, a home theater […]
County partnership to develop $53M affordable housing community
King’s terrace, a project rental housing that will accommodate an estimate of 1,200 residents in Northwest Miami-Dade. This 15-building, very affordable housing project, for almost $53 million worth was built by the county and Pinnacle Housing Group. The US Department of Housing and Urban Development’s Neighborhood Stabilization Program gave The County $17 million, which was […]
Faena House breaks ground in Miami Beach
During January 2013, a 47-unit oceanfront condominium project finally made it’s ground breaking. This is the Feana House in the Miami beach launched by Mr. Alan Faena. This infrastructure is hoped to be the international link for relaxation, leisure and cultural activities. Fully-furnished residences with one to five bedroom units with all the appliances, furniture […]
Orchid Grove townhomes trade in $11M deal
54 townhomes in the Orchid Grove in Pompano Beach has been sold by CBRE (who represented the seller) to 1370 S. Ocean LLC for $11 million. Buildings that can be seen at 649 Cypress Road were sold for almost $94 per sq. ft., or $203,704 in total. Investors had been drawn down to South Florida […]
Lennar pays $1.73 million for nine-acre vacant Aspen Glenn tract in Boynton Beach
Lennar Corporation paid $1.725 million for a 9.36-acre vacant lot at 7216 Lawrence Road in Boynton Beach. The land is known as Aspen Glenn. Buyer was given by Doug Kirlin and seller, LAAC 1, a limited liability company, granted by Bert Freehof, vice president in commercial brokerage at Brenner asset is booked for the development […]
Miami’s Miracle Marketplace sells for $92 million
Chicago-based real estate asset firm Heitman paid $92 million for the Miracle Marketplace trade center on Miami’s Coral way. The property was sold by AWE Talisman in a deal handled by Jones Lang LaSalle’s Capital Markets team. The 243,047-square-foot center is set by Nordstrom Rack, Bed Bath & Beyond and Marshall’s, among other holder. JLL Managing […]