King of Diamonds King of Diamonds may soon have to bare it all in court. The infamous strip club is being sued by Miami-Dade County for allegedly building without permits and operating without a valid certificate of use. And the county wants to shut the club down until it remedies the counts. The lawsuit, filed against…
The Serrano Apartments near Greenacres sold for $25.95 million, five years after they traded in foreclosure. PA Country Lake LLC, an affiliate of New York-based AION Partners, sold the 192-unit apartment complex at 6010 Sherwood Glen Way to Tampa-based GP Serrano. The deal was financed by a two-year, $20 million loan with a 5.25 percent…
Ram Realty Services broke ground on the Cortina apartment project in Boynton Beach after securing a $47.15 million construction loan from JPMorgan Chase Bank. The New York-based bank (NYSE: JPM) awarded the three-year mortgage to RRPV Cortina LLC, an affiliate of the Palm Beach Gardens-based developer, for the 350-unit project. Kast Construction Co. recently broke…
The Broward County Commission could issue a request for proposal to find a developer for a vacant site in downtown Fort Lauderdale. The commission will consider issuing the RFP for the 1.1-acre site at 600 N. Andrews Avenue at its June 7 meeting. It’s on the northeast corner of Northwest 6th Street/Sistrunk Boulevard, near the…
Off the Wall Trampoline Fun Centers secured its second location with the purchase of a Hollywood property for $5 million. The indoor trampoline park, video arcade, climbing wall, dodge ball and laser tag center has its first location in Coconut Creek. It’s headed by Samuel Eyal Yecutieli and Ervin Andrei Mendel. Infinity Commercial Real Estate’s…
The Conquistador Apartments in Davie were sold for an $8.6 million gain after just a year of ownership. Les Chalet Investments, managed by Tomas Cabrerizo in Miami, sold the 318-unit apartment complex at 7400 Stirling Road for $38.5 million to Sunset Palms United, an affiliate of the Gottlieb Family Partnership in Lawrence, New York. The…
The Related Group’s affordable housing division is kicking its development into high gear as it seeks approval for bonds to finance three projects in Miami-Dade County. On June 7, the Miami-Dade County Commission will vote on the three tax-exempt bonds for a combined $93.8 million issued through the county’s Housing Finance Authority. The developer would…
A 2009 photo of Miami’s skyline (Credit: Nigel Morris) South Florida’s home flippers have been gradually returning since the last market bubble’s burst drove them away, and a new report shows the region is now seeing more flips than it has in the past decade. The report was authored by real estate research firm RealtyTrac,…
U.S. Century Bank filed a $15.31 million foreclosure lawsuit that names Rodney Barreto, the bank’s former director and the chairman of the Super Bowl Host Committee that recently landed the big game in Miami Gardens for 2020. As the head of lobbying and consulting firm Floridian Partners, Barreto has been influential in politics and business…