Glenn Boyer plans to change the top deck of the Lincoln Garage into a miniature golf putting club. The Lincoln Road Putting Clubwill include a restaurant designed by Berenblum Busch Architecture, garden anda miniature golf course. Presently, the only family-friendly activities in the area are movies and bowling. This is projected to open in the […]
A magnificent seaside estate in Coral Gables has been sold for $11.5 million to KarimAlibhai of GencomGrou. This makes it the most expensive single-family home sale in the Miami-Dade Countyyear-to-date. Alibhai may have gotten quite a discount although the sale includes a big amount. The former owners spent around $17 million building the home. They […]
The profit for 2012, as Fannie Mae posted, is $17.2 billion. This marks the government-sponsored mortgage backer’s first yearlyincome since 2006 and its largest-ever yearly revenue. The reason for this is due to the overall improving economy, low interest rates and an improving housing market and declines in foreclosures.
DACRA appears to move forward on its demolition and construction project. The Craig Robins-led developer is planning to bring as many as 50 luxury brands to the Design District with new shopping centers. They are also considering to add residential and hospitality components to the project.
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, […]
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 […]
The ModComp Facility, located at Fort Lauderdale has been sold for $1.9 million. It is a 76,000 sq. ft. (3.76-acre) industrial building averages about $25.30 per sq. ft. The level and structure of the building had been very unstable so the buyer would need to make a lot of renovations and other upgrades.
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% 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 […]
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 […]
