
The Real Deal » Miami
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The Real Deal » Miami
10h ago
Hospitality mogul Nick Patel bought a waterfront spec home on Miami’s Venetian Islands from developer Pascal Nicolai for $19.4 million. Records show Patel’s Kalyan Miami Family LLC, an entity registered to his company’s Glen Allen, Virginia headquarters, bought the house at 1369 North Venetian Way from Nicolai. Dora Puig with Luxe Living Realty had the […]
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The Real Deal » Miami
11h ago
The Caltagirone brothers’ Calta Group scored a $53.7 million construction loan for a pair of Hollywood apartment projects with a total of 251 units. The deal comes as South Florida is dealing with a multifamily supply overhang following a yearslong construction flurry. Coral Gables-based Calta plans the 151-unit Caltopia Hollywood on a nearly 2-acre site […]
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The Real Deal » Miami
12h ago
A waterfront Bay Point house asking $24 million topped last week’s signed contracts report in Miami-Dade County. Sixteen contracts were marked in the Multiple Listing Service between Feb. 3 and Feb. 9. The Eklund-Gomes report tracks listings of properties asking $4 million and up countywide. Fifty-four luxury listings were added to the market, for a […]
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The Real Deal » Miami
14h ago
Equinox will open at one of Oak Row Equities’ mixed-use multifamily projects in Miami’s Edgewater, as it expands in South Florida, The Real Deal has learned. Equinox preleased 30,700 square feet at the 2600 Biscayne tower at 2600 Biscayne Boulevard, according to representatives for the tenant. The gym is expected to open late next year […]
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The Real Deal » Miami
15h ago
Marathon Asset Management CEO Bruce Richards bought a non-waterfront lot in Palm Beach for $19.5 million, adjacent to President Donald Trump’s Mar-a-Lago Club and several of the Trump family’s island homes. Records show 1090SOcean LLC, a Florida entity managed by attorney Bradley McPherson, sold the 0.4-acre property at 1090 South Ocean Boulevard to a Delaware […]
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The Real Deal » Miami
17h ago
Miami-Dade County’s condo sales and dollar volume fell in the first week of February. Brokers closed 84 condo sales totaling $67.6 million from Feb. 2 to Feb. 9. The previous week, brokers closed 97 condo sales totaling $71.2 million. Last week’s units sold for an average of $805,279, higher than the $733,712 average price from […]
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The Real Deal » Miami
1d ago
One Sotheby’s International Realty President Daniel de la Vega and his wife, Veronica Bilbao de la Vega, were sued by the family of Daniel Bishop, the University of Miami student killed in a crash last year. Bilbao de la Vega was driving her husband’s Cadillac Escalade near Coral Gables Senior High School nearly a year […]
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The Real Deal » Miami
1d ago
Spec home developer Todd Michael Glaser is looking to set another record — this time in Miami Beach. Glaser and his partners are under contract to acquire the waterfront 2.3-acre estate at 5940 North Bay Road for $105 million, according to real estate agent Nelson Gonzalez. Developer Sonny Kahn, a founding partner at Miami-based Crescent […]
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The Real Deal » Miami
1d ago
Developer Raimundo Onetto plans a 466-unit wellness-focused condo project near the Hollywood Beach Golf Club, shifting from his previous plan for apartments, The Real Deal has learned. Onetto’s Miami-based Alta Developers will build Gaia Residences as a pair of 18-story towers with 72,000 square feet of amenities on a roughly 2-acre site at 401 North […]
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The Real Deal » Miami
1d ago
MG Developer and Vertical Developments are launching sales for their planned Coral Gables project, Alhambra Parc. The 78-unit condominium is planned for 33 Alhambra Circle, according to a press release. MG Developer, led by Alirio Torrealba, landed a $14.5 million preconstruction loan for the project in October. Torrealba partnered with co-developer Vertical Developments for the […]
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