A waterfront spec mansion which is currently under construction at 3488 Saint Gaudens Road in Coconut Grove has sold for a record $65 million. The sale price includes the cost of completing the home and is the most expensive closed home sale ever in Miami-Dade County.
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Multifamily Development Site For Approved M Tower Sells For $10 Million In Downtown Miami
The New York-based Lions Group has acquired a development site in Downtown Miami for $10 million which has a project known as M Tower approved to be built. M Tower is planned to rise 53-stories and offer 440-unit apartment units, located at 56 SW 1st St and 65 SW 2nd Street.
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Beach Towing Purchases Sunset Harbour Commercial Property For $6.5 Million
Longtime Sunset Harbour tenant Beach Towing has acquired a commercial property South Beach’s Sunset Harbour neighborhood for $6.5 million. The property is located at 1349 Dade Boulevard in Miami Beach and consists of a 2,600 SF building and a 17,932 SF lot.
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One Of The Largest Multifamily Portfolio's Assembled In Miami's Little Haiti Trades For $11.6 Million In Off-Market Transaction
One of the largest multifamily portfolios ever assembled and sold in Miami’s fast-growing Little Haiti neighborhood has sold for $11.6 million. Secamar LLC sold Buena Vista Gardens, the 89-unit portfolio at 5601 NW First Ave., to Bowery Properties, led by Thomas Neary.
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Singapore-Based PRIME US REIT Acquires One Town Center Office In Boca Raton For $99.5 Million
The Singapore-based Prime US REIT has acquired the One Town Center office building in Boca Raton for $99.5 million. The sale price equates to $520 PSF and a 5.8% CAP rate. The seller was a joint venture between the buildings developer, the Boca Raton-based CP Group, and New York City-based Siguler Guff & Co.
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Todd Michael Glaser Sells South Ocean Boulevard Palm Beach Oceanfront Estate For $28.5 Million
Real estate developer Todd Michael Glaser has sold an oceanfront Palm Beach estate for $28.5 million. Located at 870 S Ocean in Palm Beach's coveted Estate Section, the home is currently undergoing renovations which are slated for completion in late 2021.
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Former Owner of Club Space Acquires South Beach Multifamily In South of Fifth For $5.567 Million
Louis Puig, the former owner of Club Space, has acquired a multifamily property in Miami Beach’s South of Fifth neighborhood and plans to convert the space into a boutique hotel. Puig payed $5.567 million for 333 Jefferson Ave., a gated 24 unit multifamily property which was developed in 1939.
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Automotive Management Services Acquires Jaguar Fort Lauderdale Property For $11.8 Million
An entity tied to the West Palm beach-based Automotive Management Services has acquired the Jaguar Fort Lauderdale property for $11.8 million from the Fort Lauderdale-based AutoNation (NYSE: AN). The transaction was overseen by Chase Deuschle of CBRE.
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The Penthouse At The Mansions At Acqualina Sells For $27 Million In Sunny Isles Beach
The Penthouse located high atop the 47th floor of The Mansions at Acqualina has sold for $27 million. The residence was designed by STA Architectural Group and spans over 9,000 SF of floor-through luxury with an additional 2,500 SF outdoors.
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Distressed Office Building In Lake Worth Auctioned On Ten-X For $5.5 Million
A distressed office building in Lake Worth, FL has successfully been auctioned on the Ten-X online auction platform as the sale reflects the low inventory yet high demand for distressed and medical office assets. JFK Medical Building, located at 4801 South Congress Ave. in Lake Worth, closed for $5.55 million.
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