Advenir bought a 249-unit apartment building in Pompano Beach for $60.9 million, amid an uptick in multifamily investment sales in South Florida. Aventura-based Advenir bought the six-story Bell Lighthouse Point at 4611 North Federal Highway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda. The buyer assumed the seller’s $37.6 … Read more
The Riviera Beach City Council unanimously voted to forge a deal with a team led by Sonnenblick Development that will include the construction of a new city hall and library, sports complexes, and residential units on about 72 acres of publicly owned land. The 5 to 0 vote took place during Riviera Beach City Council’s … Read more
A sprawling 4.2-acre seaside Palm Beach, FL, estate that was once owned by Aldo Gucci, former chairman of the luxury fashion brand, has just hit the market for $205 million—seeking to set a record for the most expensive home ever sold. The 14,496-square-foot megamansion, which is located near the Palm Beach Inlet, is currently owned … Read more
Riviera Beach approved a deal with New York-based Exact Capital to enable it to build 280 apartments in the city, most of which will be workforce and affordable housing. The development agreement, which includes the sale of a half-acre property owned by the Riviera Beach Community Redevelopment Agency for $2 million, was approved by a … Read more
Russell Galbut footed the bill for digital ads that recently popped in New York City’s Time Square, aimed at New Yorkers seeking to flee the upcoming mayoral reign of Zohran Mamdani. Galbut, co-founder of Miami-based Crescent Heights, paid for the billboards that featured a Miami Beach lifeguard stand with a message from the city’s reelected … Read more
Speakeasy | Miami Beach The h.wood Group is partnering with Rivani to open a speakeasy in South Beach. Los Angeles-based h.wood Group will open a 2,000-square-foot exclusive speakeasy on the third floor amenity level at The Rivani building next summer, according to a Rivani news release. The speakeasy hasn’t been named yet. Robert Rivani is … Read more
The Riviera Beach Community Redevelopment Agency will negotiate the sale of 2.2 acres near the waterfront to Peter Baytarian’s Forest Development to build a mixed-use project. Riviera Beach council members, sitting as the city’s CRA’s board of commissioners, approved the deal with North Palm Beach-based Forest Development by a vote of 3 to 2 Wednesday … Read more
Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort could splash into approval — or denial — by a key city board next week. The Miami Beach Historic Preservation Board is set to vote on Tuesday on the planned redevelopment of the 1,504-room oceanfront hotel’s outdoor pool area. The waterpark … Read more
An oceanfront estate in Palm Beach just hit the market for $205 million, making it the island’s most expensive trophy listing so far this season. Christian Angle with Christian Angle Real Estate has the listing for the 14,500-square-foot mansion at 1491 North Ocean Boulevard in Palm Beach, according to a press release. It was the … Read more
Abacus Capital broke ground on its Palm Beach Gardens apartment project after nabbing a $77.5 million construction loan. Affiliates of Beverly Hills, California-based Kennedy Wilson and Toronto-based Fairfax Financial provided the financing for Arbor House, a planned 13-story building with 302 units and an eight-story garage with 480 parking spaces at 3701 Catalfumo Way South, … Read more