Nadim Ashi’s Fort Partners sold an oceanfront penthouse at its Seaway at the Surf Club for $86 million, making it the most expensive condo ever sold in Miami-Dade County. Records show the Fort Partners affiliate SCR Residences LLC sold unit PH-11 at 9149 Collins Avenue in Surfside to Surfclub 11 LLC, a Delaware entity. Public … 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
13th Floor Investments and its partners scored a $139 million refinancing for a 420-unit apartment complex in Delray Beach, amid a continuing lending flurry in South Florida. Coconut Grove-based 13th Floor, Brickell-based Key International, West Palm Beach-based Wexford Real Estate Investors and Boca Raton-based CDS International completed the Savio apartment complex last year at 1874 … Read more
Witkoff Group, and Alex Blavatnik and Sandor Scher’s Ocean Terrace Holdings launched sales of their planned North Beach condo and hotel development with more than $200 million in presales. Witkoff, led by CEO Alex Witkoff, joined the Ocean Terrace project earlier this year, reviving the long-planned mixed-use development. The project, designed by Revuelta Architecture International … Read more