Walmart looked like it won the fight to build a controversial store in Midtown Miami when a state judge denied an appeal from the neighborhood opposition in January. But recent reports have surfaced claiming Walmart’s construction permit has been revoked, despite what appears to be ongoing work at the development site. In December, Walmart [...]
It’s all about leverage for partners RedSky Capital and JZ Capital Partners. The two investment firms just borrowed an additional $34 million against their assemblage in Miami’s Design District, boosting their total loan principal to a whopping $220 million. County records show the companies took out their new financing for 11 parcels at [...]
The Miculitzki family bought another property in Wynwood with plans to bring in new tenants. Vitality Holding, managed by Martin Miculitzki, paid $10.7 million for the nearly 18,000-square-foot building at 100 Northwest 25th Street in Miami. The sale breaks down to $596 per square foot. Gaston Miculitzki of BM2 Realty and Larry Suchman of [...]
A member of the Manocherian family paid about $8 million for an older waterfront home on Miami Beach’s Venetian Islands.
Alan and Nancy Manocherian bought the 4,700-square-foot home at 28 West San Marino Drive. The New York-based family is among the Persian families who rose to prominence in New York real estate during the 1970s. Venetian [...]
The Golden Beach home of a prominent South Florida philanthropist who died last year is listed for $42.5 million. The beachfront estate at 387 Ocean Boulevard hit the market in May with Coldwell Banker’s The Jills team. The 10-bedroom, 10-bathroom home was built in 1941 and sits on a 62,750-square-foot [...]
MiMo developer Alex Karakhanian just bought the Bank of America building on Biscayne Boulevard for $6.55 million. The property has huge potential for redevelopment – eventually, Karakhanian said. Under Miami 21 zoning, more than 220 units and over 321,000 square feet of mixed-use space can be built on the land. Karakhanian told The Real [...]
It looks like a sales slowdown hasn’t caused Miami-Dade County housing prices to go down just yet. County home values grew again in April, according to a newly published record, continuing a years-long trend of Miami becoming an increasingly expensive place to [...]
After hitting the auction block, the former estate of Miami Beach designer and developer John Turchin has sold. Turchin, head of Turchin Companies, listed the 5,163-square-foot home for $9.8 million in October. It sold to the highest bidder out of four at a live auction on May 6, listing agent Nelson Gonzalez told The Real [...]
Shahab Karmely and Alex von Furstenberg just paid $5.4 million for a property on the Miami River once owned by Mary Brickell, with plans to launch a new restaurant with entertainment and event space, The Real Deal has learned. The partners closed on the 18,000 square foot River Arts Building property at 131 Northwest South River Drive on [...]
Federal Donuts will open its first location outside Philadelphia in Miami at 250 Wynwood, as the artsy neighborhood continues to attract trendy eateries, The Real Deal has learned. The popular shop, which serves gourmet donuts as well as Korean-style fried chicken created by Philadelphia chef Michael Solomonov, signed a 10-year lease for a [...]