Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 160 condo sales totaling $156 million from April 15th to April 22nd. The previous week, brokers closed 135 condo sales totaling $141 million. Last week’s units sold for an average price of $977,219, lower than the $1,044,934 average price from the previous week. The average price per square foot rose to $651 from $611, according to data from Redfin. For the top 10 sales, prices ranged from $3.1 million to $10.9 million.  Continuum’s South Tower units 1902 and 1903 at 100 South Pointe Drive in Miami Beach took ..read more

Dealmaking in Miami-Dade County’s luxury residential market slowed last week, with just nine homes over $4 million going into contract. That’s down from 17 new contracts inked the previous week, according to the Eklund-Gomes report. The combined asking dollar volume April 15 to April 21 for four condos and five single-family homes was $66.5 million, down $120 million, week-over-week. Condos performed better than single-family homes last week. Condos made up $39.1 million of the asking dollar volume, and single-family homes accounted for $24.7 million.  The average asking price for condos ..read more

A developer wants to build a 978-unit apartment complex at the Pan American Estates Mobile Home Park in Fort Lauderdale.  Saulo Perez, a South Florida-based real estate developer, proposes the project on the 22.8-acre mobile home park at 150 Northwest 68th Street in the Cypress Creek neighborhood, according to city records.  The Fort Lauderdale Development Review Committee is expected to vote on the project at its meeting on Tuesday.  Designed by MSA Architects, the project would be developed in three phases. Phase I would have 329 apartments in five five-story buildings and a l ..read more

A partnership led by Craig Robins continues expanding its market share in the Miami Design District, buying another retail building from the Gindi family’s ASG Equities. An affiliate of Miami Design District Associates acquired 70 and 74 Northeast 40th Street for $14 million, a press release states. The buyer is a joint venture between Robins’ Miami-based Dacra, L Catterton Real Estate and New York-based Brookfield Properties. Greenwich, Connecticut-based L Catterton is a subsidiary of French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton. The seller, an affiliate of New York-based ..read more

Rosetta Bakery | Midtown Miami  Rosetta Bakery will open an Italian Bakery Café and cocktail bar at The Standard Residences, Midtown Miami.  The restaurant leased 2,500 square feet next to the lobby and 1,200 square feet of outdoor terrace space at the building that’s under construction at 3100 Northeast First Avenue in Miami, according to a news release from the tenant and one of the developers. The restaurant will be a Rosetta Italian Bakery Café, and the bar will be a “hidden” speakeasy concept, the release says.  This will be Rosetta’s eighth outpost in Miami-Dade County. Th ..read more

Venture One Real Estate paid $36.2 million for a trio of Boynton Beach warehouses. Through an acquisition fund, an affiliate of Rosemont, Illinois-based Venture One purchased Boynton Logistics Center, an industrial complex at 1200, 1210 and 1220 Southwest 35th Avenue, records and real estate database Vizzda show. The buyer obtained a $50 million mortgage from Lake Forest Bank & Trust Company. The deal breaks down to $119 per square foot.  A Cushman & Wakefield team led by Mike Davis and Dominic Montazemi marketed the property.   The seller, an affiliate of North Miami Be ..read more

PulteGroup scooped up 83 homesites at the Avenir master-planned community in Palm Beach Gardens.  The Atlanta-based homebuilder, through its DiVosta Homes brand, paid $8.3 million for the lots along Northbrook Circle and Hubbard Court, according to records. The homesites are next to Pulte’s Avondale at Avenir community, a 390-unit single-family home development.  The seller is Coral Gables-based Landstar Development Group, the master developer of Avenir. The firm is led by principals Rudy Stern, David Serviansky, Roberto Horwitz, Eduardo Stern, Bernard Eckstein and Rosa Eckstein Sche ..read more

South Florida home sales plummeted in March. Despite the drop, prices continued to rise across the region, according to data collected by the Miami Association of Realtors. Total dollar volume hit $5.2 billion, down from $5.6 billion in March of last year.  Miami-Dade County Total home sales in Miami-Dade County dropped 15 percent in March, year-over-year, to 2,141 closings. Single-family home sales fell 5 percent to 1,041 sales. Condo sales plummeted 23 percent to 1,100 sales.  The median price for single-family homes surged 14 percent to $650,000. Condo prices jumped 11 percent to ..read more

Hillwood, a real estate firm founded by the late 1992 presidential spoiler candidate Ross Perot, paid $106.5 million for a gargantuan warehouse leased to Amazon. An affiliate of Dallas-based Hillwood acquired the 1 million-square-foot fulfillment center at 14490 Corporate Road North in Jupiter, records and real estate database Vizzda show.  The price breaks down to $106.50 a square foot.  In 2020, an affiliate of Truist Securities paid $21.8 million for 100 acres within the 945-acre Palm Beach Park of Commerce, records show. A year later, the affiliate completed the single-story buil ..read more

In the latest roundup of South Florida residential sales, a Michigan car dealer, Subway bakery investor and sporting goods scion bought and sold homes across the region.  Sales spanned Golden Beach to Palm Beach, and prices ranged from $9.4 million to $18 million. Golden Beach In Golden Beach, an investor group sold a renovated non-waterfront house for $12 million. Douglas Elliman agent Brett Harris confirmed that he and Lance Burstyn, through their O B Development LLC, sold the home at 128 Ocean Boulevard. The deed is not yet public and the buyer is unknown. Harris had the listing.  ..read more