Checking in: Hospitality mogul buys Venetian Islands spec home for $19M
The Real Deal » Miami
by Kate Hinsche
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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Calta lands $54M construction loan for Hollywood apartments, amid South Florida multifamily supply overhang 
The Real Deal » Miami
by Lidia Dinkova
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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$24M Bay Point home tops signed contracts report in Miami-Dade
The Real Deal » Miami
by Katherine Kallergis
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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Equinox preleases 31K sf at Oak Row’s Edgewater project, as it expands in South Florida 
The Real Deal » Miami
by Lidia Dinkova
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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Marathon Asset Management CEO buys Palm Beach lot for $20M
The Real Deal » Miami
by Kate Hinsche
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 
The Real Deal » Miami
by Kate Hinsche, Adam Farence
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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De la Vegas sued by family of UM student killed in crash
The Real Deal » Miami
by Katherine Kallergis
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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Todd Glaser, partners in contract to pay record $105M for waterfront North Bay Road estate 
The Real Deal » Miami
by Katherine Kallergis
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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Raimundo Onetto’s Alta plans 466-unit condo project on Hollywood site previously slated for apartments 
The Real Deal » Miami
by Lidia Dinkova
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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MG, Vertical launch condo sales for Alhambra Parc in Coral Gables
The Real Deal » Miami
by Kate Hinsche
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 […] This article originally appeared on The Real Deal. Click here to read the full story ..read more
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