A developer could lose 53 completed and unfinished home sites in Miami Gardens to foreclosure. SHE 60 LLC, an affiliate of Miami Beach-based Safe Harbor Equity Management, filed a foreclosure lawsuit on Aug. 8 against Lakeside Point Inc., Miami Gardens Development Corp., and managing member Marcial Rodriguez Sanchez. It concerns a mortgage last modified by…
It didn’t take long for Covenant Capital Group to reinvest in the Palm Beach County apartment market after selling one property for $36.35 million a few days ago. IMT Capital II Cascades, an affiliate of Sherman Oaks, California-based IMT Residential, sold the 316-unit Villages community at 1400 Village Blvd. in West Palm Beach for $45.7…
A development group led by art collector Gary Nader officially filed a bid protest over Miami Dade College’s recommendation of the Related Group to build a project on its downtown campus. Nader + Museu LLP wants a Florida administrative law judge to rule that the college violated the bidding procedure for the public-private partnership process…
Pipeline Workspaces opened its fifth U.S. location with new co-working space in downtown Fort Lauderdale. The company now occupies the entire 20th floor of One Financial Plaza at 100 S.E. 3rd Ave., the home of the Tower Club restaurant. The space includes open workspaces, conference rooms, phone booths, dedicated desks and private offices and a…
Clockwise from left: Cynthia Demos, Maria Juncadella, William Schifino Jr., Mayanne Downs, Al Dotson, Barbara Liberatore Black; Cristina Lumpkin and Schifino; Kimberly Ginsburg, Cynthia J. Stehman, Karyl Argamasilla, Marti Mang, Lyan Fernandez, Juncadella and Lumpkin; and Juncadella, Daniel Zelonker, Milena Wood (Credit: Schwartz Media) Don’t lean in, lean on. At least that’s what a group of…
Chapter 11 Trustee Maria M. Yip has taken over operations of the Inverrary Vacation Resort in Lauderhill and will consider the best process to sell the property. The Inverrary Resort Hotel Condominium Association, Nirvana Inverrary Lofts and Alrames S.A. de C.V. Corp. filed related Chapter 11 reorganization cases on May 31. The case concerns the…
The Brightline train project formerly known as All Aboard Florida broke ground on one of its South Florida parking and retail structures this week. The train will transport business travelers, tourists and commuters between Miami, Fort Lauderdale, West Palm Beach by 2017 with its Orlando extension expected to launch a year later. Brightline is a…
An industrial building in Miami-Dade County’s Kendall could be torn down to make way for redevelopment. Wildlands Holdings, managed by Erwin Sredni, sold the 21,786-square-foot industrial building at 13301 S.W. 87th Ave. to CRP/Westport Self Storage 87th Ave LLC, a joint venture between the Carlyle Group and Westport Properties, for $4 million. The deal was…
The restaurant property that is home to Donovan’s Steak & Chop restaurant in one of Phoenix’s prime commercial corridors has sold for $6.5 million Delray Beach-based Menin Development bought the steak house property from Prime Land Assets LLC, a Phoenix group. Menin also owns a former Sports Authority store site at Camelback Road and 16th…
The Plaza Park Apartments traded for $22.7 million six years after it was bought out of foreclosure. PA Asbury, an affiliate of New York City-based AION Partners, sold the 234-unit complex at 17600 N.W. 5th Ave. to EB Park Plaza LP. The buyer, managed by Benny Tenenbaum in Lawrence, New York, obtained a $19.3 million…