Pantzer Properties bought a 393-unit apartment building in Miramar for $161 million. The purchase comes on the heels of New York-based Pantzer closing its $1 billion Panco Strategic Real Estate Fund VI that will target multifamily properties on the East Coast. Boston-based Rockpoint and Coconut Grove-based Related Group sold the eight-story building at 1-3 Main … Read more
The Salty Donut isn’t worth its salt, if you ask the confectionary’s lender. City National Bank of Florida sued the Miami-based donut maker, claiming it defaulted on a $4.8 million loan issued in October 2021, according to a lawsuit filed in August in Miami-Dade County Circuit Court. The Salty Donut borrowed the money to develop … Read more
Another major brand is joining the growing pipeline of luxury condo developments in North Bay Village. Coconut Grove-based Related Group and New York-based Macklowe Properties are in talks with Ritz-Carlton to brand their planned waterfront project on Harbor Island, sources told The Real Deal. The developers secured approval for the two-tower development at two village … Read more
Related Group and BH Group are dangling $4.8 million for park and public transit improvements in West Palm Beach to score approval for a 27-story waterfront condominium. The joint venture is seeking a height bonus of 195 feet for a 0.8-acre development site at 2001 North Flagler Drive that is currently zoned for a building … Read more