Miami-Dade County’s condo sales and total dollar volume fell last week. Brokers closed 83 condo sales totaling $61 million from Nov. 3rd to Nov. 10th. The previous week, brokers closed 120 condo sales totaling $92.5 million. Last week’s units sold for an average of $735,595, lower than the $770,797 average price from the previous week. […]

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BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based real estate investment firm led by co-CEOs Sonny Kalsi and John Carrafiell, bought a cold storage facility at 7600 Northwest 82nd Place, records and real estate database Vizzda show. Food […]

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The Morrison family’s Sympatico Real Estate scooped up an apartment complex with some workforce units near West Palm Beach for $17 million.  Sympatico bought the 56-unit Aviara Green at 2157 South Haverhill Road in unincorporated Palm Beach County from Delray Beach-based MAG Real Estate & Development, according to records and a news release from the […]

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Most developers worry about finding buyers for their projects. Todd Glaser found Herbert Wertheim admiring his car in front of SurfSide Diner in Palm Beach.  The conversation started over Glaser’s 1957 Mercedes-Benz 300SL and turned into an off-market deal with the billionaire inventor and Trump friend. Records show Wertheim bought the waterfront house at 305 […]

The post Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M appeared first on The Real Deal.

Fort Partners is forging ahead with plans for another oceanfront condo development in Surfside.  The Fort Lauderdale-based firm, led by Nadim Ashi, secured a $110.7 million construction loan for Surf House, an 11-story, 17-unit building planned for 8995 Collins Avenue, property records show. Athene Annuity & Life Company, managed by its investment adviser Apollo Global […]

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Icon Equity Group allegedly duped investors into funding a quartet of uncompleted luxury home, condominium and restaurant projects in Broward and Palm Beach counties, according to a recent lawsuit.  Three entities sued Delray Beach-based Icon Equity, seven affiliates and the firm’s principals Marc Shulman and Anthony Shafer in Palm Beach Circuit Court on Oct. 28, […]

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