A June 2011 photo of the downtown Miami skyline (Credit: Marc Averette) and a foreclosure sign June marked yet another month for Miami-Dade County’s shrinking foreclosure rate, according to a new report. CoreLogic, a real estate research firm, released a report Wednesday stating the county’s foreclosure rate had fallen 1.23 percentage points year-over-year to 2.39…
The developers of the Auberge Beach Residences & Spa Fort Lauderdale signed a $132 million construction loan to bring the project to the finish line about nine months after breaking ground. The team of the Related Group, Fortune International Group, Macar and Fairwinds Group are building the 171-unit project at 2220 N. Atlantic Blvd. After…
Non-profit affordable housing developer Carrfour Supportive Housing signed a deal with the Pride Center to build an LGBT-focused senior housing community on its Wilton Manors campus. The Pride Center, a non-profit LGBT community center, owns its 5-acre Equality Park campus at 2040 N. Dixie Highway. It secured city approval to redevelop it in partnership with…
The developer of the Surf Club Four Seasons in Surfside has filed plans for a second phase of the oceanside project. Fort Capital, led by Nadim Ashi, is nearing completion of the 150-unit condo and the 80-room hotel at 9011 Collins Ave. It’s among the most expensive projects in South Florida, with units priced from…
A company controlled by wealth couple Melissa Potamkin Ganzi and Marc C. Ganzi acquired a 102.8-acre equestrian estate in Wellington for $27.29 million. The property at 10366 Wellington Preserve Blvd. has 120 horse stalls. That should come in handy for the couple, since they both own polo teams and have been known to take the…
Wurzak Hotel Group and DoveHill will soon break ground on a dual-branded hotel north of downtown Fort Lauderdale. Bank of the Ozarks (NYSE: OZRK) awarded a $56.1 million, four-year construction loan to the developers for the 23-story project at 299 N. Federal Highway. The loan was brokered by Meridian Capital Group’s Ronnie Levine and Aggelos…
Equity One President Thomas Caputo will step down on Dec. 31 when his employment agreement expires. The North Miami Beach- and New York-based retail real estate investment trust (NYSE: EQY) announced that it entered into an agreement with Caputo to provide consulting services to the company for $30,000 per month during 2017. He can’t accept…
Kimco Realty has found two tenants to replace the closed Sports Authority store at its Pompano Pointe retail center in Pompano Beach. The city’s Architectural Appearance Committee will consider a new facade for the building at 2421 N. Federal Highway on Aug. 25. Designed by architect SA Group, the redesign shows 20,150 square feet being…
The owner of the Flagler Waterview office building in West Palm Beach successfully extended a mortgage that had been placed into special servicing by its lender, but the deal proved costly. The $35.8 million mortgage on the 161,206-square-foot office building at 1515 N. Flagler Drive was sent to special servicing in July 2015 after the…
American Land Ventures obtained approval for the design of its mixed-use project in Lauderdale Lakes from the city’s Community Redevelopment Agency on Aug. 16. CRA Executive Director J. Gary Roders said his staff will now conduct cost/revenue projects and request a new appraisal for the 20-acre property so it can prepare a sales contract. The…