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The $17.5 million sale of a former Location Ventures development site in Miami Beach is moving ahead, but prospective condo buyers won’t be happy.  Proceeds from the sale will pay off a lender with a pending foreclosure complaint, but more than 30 investors under contract to buy co-living condo units in the abandoned project will […] The post Judge approves $18M sale of Location Ventures’ Miami Beach dev site appeared first on The Real Deal.

Developer Giuseppe Iadisernia is launching condo sales for the east tower of his planned Oasis Hallandale development. The developer tapped One Sotheby’s International Realty to head sales for the east tower, with unit prices ranging from $750,000 to $5 million, according to a press release. The east tower is one of two 25-story, 250-unit condominiums […] The post Giuseppe Iadisernia launches sales of Oasis Hallandale condos appeared first on The Real Deal.

Witkoff Group and Ari Pearl’s PPG Development scored a $273 million construction loan for Shell Bay, a mixed-use luxury condo and hotel project in Hallandale Beach.  J.P. Morgan and BDT & MSD Partners are providing the financing for the 150-acre property anchored at 501 Diplomat Parkway, according to a press release. Shell Bay calls for […] The post Witkoff, Ari Pearl land $273M construction loan for Shell Bay in Hallandale Beach appeared first on The Real Deal.

In a stunning reversal, state prosecutors are abandoning the public corruption case against ex-Miami commissioner Alex Diaz de la Portilla. On Wednesday morning, Broward State Attorney Harold F. Pryor announced his office was dropping criminal charges against Diaz de la Portilla and William “Bill” Riley Jr., an attorney and lobbyist who previously represented David and […] The post Public corruption charges dropped against ex-Miami commissioner Alex Diaz de la Portilla and lobbyist...

Retired boxing champion turned real estate investor Floyd Mayweather Jr. sold his waterfront Miami Beach mansion for $22 million.  Mayweather, via his Fojoso LLC, sold the 10,853-square-foot house at 288 South Coconut Lane to a company managed by Morris Betesh, according to records. Betesh is a former senior managing director at Meridian Capital Group who […] The post Floyd ‘Money’ Mayweather Jr. sells waterfront Miami Beach mansion appeared first on The Real Deal.

Real estate firm Tobin wants to build a 120-unit apartment project in Hollywood, as South Florida experiences a record multifamily construction pipeline.  Hollywood-based Tobin proposes an eight-story building on the 2-acre site at 1101 Hillcrest Drive, according to an application filed to the city. The project, called Hillcrest Apartments, will offer one- to three-bedroom apartments.  […] The post Tobin proposes 120-unit apartment building in Hollywood, amid record m...

Palm Beach County’s condo sales fell last week, while dollar volume rose. Brokers closed 62 condo sales totaling $50.2 million from Nov. 10th to Nov. 17th. The previous week, brokers closed 65 condo sales totaling $27.8 million. Last week’s units sold for an average of $809,035, higher than the $427,088 average price from the previous […] The post Palm Beach closing tops county’s weekly condo sales  appeared first on The Real Deal.

The original home improvement star, Bob Vila, sold a non-waterfront Palm Beach home for $13.4 million, less than a year after paying $12.5 million for it. Records show Vila and his wife, Diana Barrett, sold the house at 345 Pendleton Lane to Delphine Krakoff. Krakoff is the wife of Reed Krakoff, a fashion designer and […] The post This old house: Mr. Fix-It Bob Vila flips Palm Beach home for $13M appeared first on The Real Deal.

Merrimac Ventures is launching sales of its planned Bungalow East condo project in Fort Lauderdale with prices starting at $2 million. Merrimac, led by brothers Dev and Nitin Motwani, tapped Peggy Olin’s OneWorld Properties to lead sales for the development at 350 North Birch Road, a press release shows. The brothers first received approval for […] The post Merrimac Ventures launches sales of Fort Lauderdale condos  appeared first on The Real Deal.

An investors’ buying spree for South Florida shopping centers wouldn’t be complete without retail king Ranaan Katz getting in on the action.  An affiliate of Katz’s Sunny Isles Beach-based RK Centers paid $42.3 million for Fountains of Miramar, a two-building complex at 2905-3161 Southwest 160th Avenue, records and real estate database Vizzda show. The deal […] The post South Florida retail king Ranaan Katz picks up Miramar shopping center for $42M appeared first...