The two apartment properties being redeveloped into a hotel and William Hammani, CEO of the Hotelex Group A Venezuelan developer just scored more than $20 million in financing to build a hotel near Miami International Airport. The financing, which was recorded in Miami-Dade County property records Tuesday, was issued by lender Banesco USA. It covers…
Two affiliates of Miami-based Terra Group and the Related Group did a bit of last-minute mortgage shopping before the new year. The affiliates, 2701 Bayshore Venture LLC and 2701 Bayshore One Park Grove LLC, secured new construction loans for the Coconut Grove Park Grove condominium project to the tune of $174 million. Bayshore Venture entered…
The spec house at 309 North Lake Way A newly built waterfront spec house in Palm Beach was just sold by its developer for a whopping $31.4 million, marking one of the city’s priciest residential deals this year. The home, located at 390 North Lake Way, is a 12,655-square-foot mansion with five bedrooms, six bathrooms…
Holiday shoppers aren’t the only ones in a rush this month: Realtors are racing to close out sales before the end of the year, especially in Miami-Dade County’s condo market. Last week, the county saw a big jump in condo sales volume and expensive closings that easily outshined December’s sluggish beginning. Out of the week’s…
An EB-5 visa superimposed on Manhattan (inset from left: Pete Sessions, Chuck Schumer, John Cornyn and Jeff Flake) From the New York website: What do Chuck Schumer, Jeff Flake, John Cornyn and Pete Sessions have in common? This isn’t the beginning of a bad Capitol Hill joke. The four lawmakers all championed an extension of the controversial…
A company linked to a national hotel developer acquired a former call center in Fort Lauderdale’s Cypress Creek area for $13.75 million. Case Holding Co., managed by David Casoria in Fort Lauderdale, sold the property at 1100 W. McNab Road to Clark-Ohio Associates, which is managed by C.A. Cataldo, the chairman of Schaumburg, Illinois-based Hostmark…
Naples (Credit: Naples Water Tours) Home sales in the Naples area increased 1 percent in the 12 months ended In November to 9,800 from 9,724 in the prior comparable period. The Naples Area Board of Realtors also reported that the inventory of homes for sale in November increased 5 percent to 2,319 from 2,217 in…
133 Camden Drive in Bal Harbour Felix Cohen, who co-developed the record-setting 3 Indian Creek Island mansion that sold for $47 million in 2012, has listed a newly constructed spec home in Bal Harbour for $5 million. The contemporary-style home, at 133 Camden Drive in the gated Bal Harbour Village community, was previously listed for…
Renderings of 321 Ocean Six months after buying a new $20 million penthouse at 321 Ocean in the South-of-Fifth neighborhood, the owners are seeking to flip it for $53 million, making it the priciest property for sale in Miami Beach. The ninth-floor unit has 6,800 square feet in the newly built beachfront project, listing agent…