JPMorgan added another South Florida commercial property to its real estate portfolio, spending a combined $77 million this month after acquiring a Miami Beach bank building and a Coral Springs shopping center. In the most recent deal, the New York-based bank, led by CEO Jamie Dimon, paid $23.5 million for the 25,030-square-foot building housing JPMorgan’s … Read more
UHealth, the health care division of the University of Miami, continues expanding its portfolio of South Florida medical office facilities after acquiring a Deerfield Beach building for $16.4 million. Coral Gables-based UHealth bought a 45,136-square-foot building at 1192 East Newport Center Drive, records show. The two-story facility is leased to the health system’s Sylvester Comprehensive … Read more
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
“How many of you were born in Miami?” Carlos Rosso asked the crowd. From the hundreds seated, just a few hands raised. “Each one of you came to Miami, and each one of you needed a condo,” the Rosso Development head said from the main stage at The Real Deal’s Miami Real Estate Forum. “And … Read more
The Sunflower State has a housing problem—and one real estate agent is doing her part to fix it, though not in the way you might expect. Realtor® Fran Sutton, 52, was born and raised in Kansas City, KS. She’s been a real estate agent in the area for 21 years, and shortly after the COVID-19 … Read more
Luxury automaker Aston Martin is speeding into real estate again, this time with a brand-new, ultrahigh-end residential project in racetrack haven Daytona Beach, FL. The high-rise condominium is set to transform the Daytona oceanfront, known more for its spring break parties that thousands of college students have been flocking to for decades. “The Daytona Beach Shores … Read more
NBA star LeBron James‘ extraordinary Beverly Hills compound will feature not one but two enormous megamansions that are currently being built on the site of a historic estate that the Los Angeles Lakers legend snapped up for $37 million in 2020—then promptly razed to the ground. While it was originally reported that James, 40, was … Read more