The Miami-based Ytech has sold a multfamily portfolio in Miami totaling 677 apartment units for $119 million to the New York-based Greenstone Property Group. The dual transaction included the $41 million sale of Ocean House NoBe in Miami Beach and the $78 million sale of Lake House in Miami Gardens.
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The Fasano Coming To South Beach After JHSF Acquires The Art Deco COMO Metropolitan Miami Beach Hotel
The Brazil-based real estate development firm JHSF, led by Fábio Auriemo, has acquired the COMO Metropolitan Miami Beach hotel at 2445 Collins Ave. for $70 million, roughly $946,000 per key. The off-market transaction was overseen by Susan Gale of ONE Sotheby’s International Realty
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Related Group Sells New River Yacht Club Multifamily Complex In Fort Lauderdale For $85 Million
The Miami-based Related Group has sold the New River Yacht Club multifamily apartment complex in Fort Lauderdale for $85 million, roughly $341,000 per unit. The buyer is the Harbor City, California-based BJ Verde Properties.
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Miami-Based Private Equity Group Galium Capital Continues To Expand Houston Portfolio with Acquisition of Millennium High Street
Galium Capital, LLC, a Miami-based private equity group, has announced the acquisition of Millennium High Street in Houston, TX. Millennium High Street is a LEED Gold-certified, 340-unit institutional-grade multifamily apartment building in Galleria District of Houston. The transaction closed on August 20, 2021.
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Boxing Legend Floyd Mayweather Buys Palm Island Waterfront Mansion For $18 Million
Boxing legend Floyd Mayweather has dropped $18 million on a waterfront mansion on Miami Beach’s prestigious Palm Island. Mayweather closed on 288 South Coconut Lane on Palm Island nearly one year after he sold his home on Miami Beach’s Pine Tree Drive in October 2020 for $6.3 million.
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Bay Harbor Islands Home Sells For Record $12 Million To Co-Founder of Dreampact Ventures
Real estate records continue to be set all across Miami. The co-founder of venture capital and private equity firm Dreampact Ventures Fued Sadala has acquired 9814 West Broadview Drive in the Bay Harbor Islands for $12 million, a record for a waterfront sale in the neighborhood.
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The Residences at Uptown Boca Trades For $230 Million In Florida's Largest Multifamily Deal In 2021
The developers of Uptown Boca, Boca Raton’s first new retail and Class-A multifamily project to open in West Boca Raton in over 20 years, have sold The Residences at Uptown Boca to the Atlanta-based multifamily real estate investment, development and management company, Cortland for $230 million.
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TriStar Capital and RAL Development Acquire Final Piece Of Wynwood Assemblage For $13 Million
David Edelstein’s TriStar Capital and RAL Development, led by Robert Levine, have closed on the final piece of their 72,000 SF Wynwood assemblage where an office campus is planned. The development partnership paid $13 million for a 31,250 SF site at 2701 NW 5th Ave.
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Two-Story Penthouse At Onda Residences In Bay Harbor Sells For $9.5 Million
A two-story penthouse at Onda, a new boutique luxury condominium planned for Miami’s exclusive Bay Harbor Islands neighborhood, has sold for $9.5 million dollars to a buyer from Louisville, Kentucky. The 8-story development is being developed by a joint venture between CMC Group and Morabito Properties
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Ultra-Luxe Condo At One Thousand Museum Sells For $7.2 Million In Cryptocurrency Ethereum
Crypto sales in Miami continue to become more mainstream as the city continues to make itself a Crypto City and emerging tech hub. Unit 2202 at One Thousand Museum by Zaha Hadid Architects has sold for $7.2 million in the cryptocurrency Ethereum.
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