North Miami Beach
REAL ESTATE
Penthouse At Rivage Bal Harbour Hits The Market For $75 Million
A stunning ultra-luxe penthouse has recently hit the market at Rivage Bal Harbour for $75 million, setting the one-of-a-kind unit as one of the most expensive listings in Miami. Rivage Bal Harbour is a 54-unit luxury oceanfront condominium being developed by Related Group, Two Roads Development, and Rockpoint and is one of the neighborhood's first new developments in 20 years.
Miami residential condo tower provides a deeded office unit for every buyer
A new Miami residential condo office tower sweetens the deal for buyers by providing an individual, deeded and furnished office with each condo unit purchased. One Twenty Brickell Residences, a 34-story, 240-unit tower, also offers more than 60,000 sf of exclusive residential amenities. Each glass-paneled private office, located on floors...
Luxury Condo Development Moves Forward at Former Champlain Towers South Site
SURFSIDE, Fla. – Three years after the sudden, tragic collapse of Champlain Towers South near Miami, a Dubai-based developer and London-based architect are preparing three potential design proposals for a luxury living community to be built at the exact location where 98 individuals perished. Construction of a 52-unit condominium...
Miami Real Estate Mogul, Scientologist Lists $42M Mansion on Cryptocurrency Platform
Welcome to Miami: potentially the only place on Earth where cryptocurrency, Scientology, and luxury real estate collide in such spectacular fashion. Back in April, financial influencer and prominent scientologist Grant Cardone put his sprawling Golden Beach mansion on the market for $42 million. The 13,000-square-foot waterfront home, which features seven bedrooms and eight bathrooms, boasts lavish amenities such as a movie theater, spa, six-car garage, saltwater infinity pool, and private beachfront access offering panoramic ocean views. It was designed by acclaimed interior designer Martyn Lawrence Bullard and has been featured in Architectural Digest.
Miami-Dade Real Estate Market Surges to New Heights with a Growth of $471.5 Billion, Powers Up Property Tax Concerns
In a recent disclosure by Miami-Dade County Property Appraiser Pedro J. Garcia, it has been confirmed that the county's real estate market is continuing to surge. The preliminary taxable values for the year 2024 were certified, showcasing a countywide increase to $471.5 billion - a 10.7% bump from the previous year that could have Miami residents facing heftier property tax bills unless rate adjustments are made, as reported by the Property Appraiser's office.
STRO, KRE Group add 48,000 sq. ft. industrial property near Fort Lauderdale
1901 Mears Parkway in Margate, Florida — Courtesy: The STRO Cos. The STRO Cos. and Kushner Real Estate Group have added to their portfolio in the Southeast, acquiring a two-building, 48,000-industrial property outside Fort Lauderdale, Florida. According to the firms, the complex at 1901 Mears Parkway in Margate benefits...
Developer Seeks Funding for 101-Unit ‘Pinnacle at Cypress’ at 6520 N Andrews Ave., Fort Lauderdale, FL
Pinnacle Housing is hoping to get funding for a senior housing development in Broward County. The project, named Pinnacle at Cypress, would measure eight stories above grade and require 115,623 square feet of new construction. At full buildout, it would yield 101 one-bedroom apartments, averaging 680 square feet each. Additionally,...
Residence at Oceana Bal Harbour Trades For $17.5 Million
A residence in Oceana Bal Harbour has traded for $17.5 million, equating to $2,352 PSF, complete with approved plans and units for a remodel by architect Andrew Franz. Ruthie & Ethan Assouline with The Assouline Team at Douglas Elliman represented the seller, while the buyer was represented by Monica Cohan with MC Miami Realty.
As Rents Continue to Rise, Miami Artists Get Creative to Stay Afloat
As widely reported, Miami-Dade residents have been hit hard by skyrocketing home prices due to out-of-state transplants and rising auxiliary expenses like home insurance and property taxes. Although many of these issues have been evident for quite some time now, they have been exacerbated by events no one could have foreseen, like the pandemic and the Champlain Towers South collapse.
Oak Row buys site for 45-story apartment tower in downtown Miami
Oak Row Equities recently acquired 49 NW 5th St. in downtown Miami, where it plans to develop First & Fifth, a 45-story luxury apartment tower. The private equity and real estate development company purchased the site for $38.5 million off-market. The property is located across from MiamiCentral Station, the hub of South Florida’s four main train systems: Brightline, Metrorail, Tri-Rail and the Metromover, and features a “perfect” transit score of 100.
Berkadia Arranges Sale of Treasure Coast Development Site to Miami Developer Rilea Group
Berkadia announced that it has arranged the sale of a 22-acre multifamily development site in the fast-growing city of Port St. Lucie, Florida to Ciprés, a newly formed real estate development firm led by Diego Ojeda of Rilea Group. Omar Morales, Jaret Turkell, Roberto Pesant, and Yoav Yuhjtman of...
Tuesday, July 2: South Florida real estate market articles
Condo board members must meet higher expectations under new law. Help is available. My Safe Florida Home reopens applications to get $10,000 to stormproof your home. https://www.sun-sentinel.com/2024/07/01/my-safe-florida-home-reopens-applications-to-get-10000-to-stormproof-your-home/. South Florida is officially ClimateReady, with $19.5M federal grant in tow via @refreshmiami This funding will enable local innovators to further develop technologies...
Wednesday, July 3: South Florida real estate market articles
MIAMI REALTORS® leader Ana Bozovic of Analytics Miami rebuts false recent Newsweek headline about Miami sale prices. With the launch of its brand-new superyacht marina, Fort Lauderdale is set to be a world-class destination for superyachts and visitors to South Florida for the next 50 years. The Las Olas Marina will feature 68 berths capable of accommodating vessels up to 106 meters LOA. #FortLauderdale.
BBX Logistics Properties Announces Venture With FRP Development Corp To Develop Logistics Park In Davie
BBX Logistics Properties, the logistics development subsidiary of BBX Capital Real Estate and BBX Capital, Inc., and FRP Development Corp, a Jacksonville-based full-service real estate investment and development company, announced the successful acquisition of Signature Grand in Davie. A joint venture between BBX Logistics Properties and FRP Development Corp intends...
JP Morgan Obtains $147.7M Refi for Wynwood Highrise
J.P. Morgan Asset Management has obtained nearly $148 million to refinance Gio Midtown, a 32-story luxury multifamily tower in Midtown Miami. PGIM provided the five-year, fixed-rate loan. CBRE’s Tom Rugg, Tom Traynor, Adam Spengler, and Arman Samouk arranged the deal for the borrower. Gio Midtown is located at 3131...
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