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
Gatsby Florida is anticipating an influx of New York office tenants for its planned mixed-use project in Palm Beach Gardens in the wake of Zohran Mamdani’s mayoral victory. Miami-based Gatsby, led by co-founder Babak Ebrahimzadeh, finalized construction plans for The Modern at Palm Beach Gardens, a 220,000-square-foot building and an adjacent six-level parking garage with … Read more
West Shore bought a 542-unit apartment complex in Palm Beach Gardens for $117.9 million, marking a continuing uptick of multifamily investment sales in South Florida. Boston-based West Shore bought the Palm Beach Gardens Apartments at 4120 Union Square Boulevard from Aventura-based Advenir, according to records and real estate database Vizzda. The buyer borrowed a $550 … Read more
In the latest roundup of South Florida real estate hiring news, brokerages are adding agent headcount in key markets. Better Homes & Gardens Real Estate bought Castelli Real Estate Services, an 80-agent firm in Broward County, bringing its total headcount in the area to 250 agents, according to Castelli’s website. Better Homes & Gardens, led … Read more
TA Realty picked up a 476-unit apartment complex in Palm Beach Gardens for $193 million, marking a continuing uptick of multifamily investment sales in South Florida. Boston-based TA Realty bought the gated garden-style community at 100 Portofino Drive from New York-based Blackstone, according to records and real estate database Vizzda. The deal breaks down to … Read more