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Miami Real Estate News

Meet the Uber of Brazilian real estate

Posted:Sat, 17 Mar 2018 20:40:33 +0000

From TRD NYC: A real estate startup is giving brokers in Rio de Janeiro a run for their money. Quinto Andar, founded in 2012 by two Stanford MBAs, is a ready-made brokerage, property manager and insurer  offering would-be tenants and buyers an easy way to save money and find a new home — and, the best part for many? They get to avoid Rio’s current brokers as Bloomberg reports. Quinto Andar was born out of ... [more]

Parent company to close 7 Winn-Dixie supermarkets in South Florida

Posted:Sat, 17 Mar 2018 19:45:15 +0000

The parent company of Winn-Dixie will close 30 of the supermarket operator’s stores in Florida, including seven in Broward and Palm Beach counties. Southeastern Grocers, which is preparing to file for Chapter 11 bankruptcy this month, announced Thursday that it will “voluntarily implement a court-supervised, prepackaged restructuring agreement.” The restructuring will involve the shutdown of 94 grocery stores throughout the Southeast, or 16 percent of the stores that Southeastern Grocers owns. The company said 582 stores ... [more]

Jupiter company buys 900-unit apartment complex in Bradenton for $110.5M

Posted:Sat, 17 Mar 2018 18:55:30 +0000

A Jupiter-based company bought a waterfront apartment complex in Bradenton for $110.5 million. Jupiter-based real estate development and management company FLF Holdings paid $122,777 per apartment for the Carlton Arms of Bradenton, a 900-unit, garden-style apartment complex built 38 years ago. After the closing, FLF Holdings obtained a $76 million loan with a 10-year term through a Freddie Mac program called Capital Markets Execution. Carlton Arms has a 99.7 percent occupancy rate, according to Holliday ... [more]

Miami company wins $23M contract to build a hospital in Peru

Posted:Sat, 17 Mar 2018 17:50:58 +0000

Miami-based IBT won a $23 million contract to build a hospital in Peru. IBT expects to finish construction of the 97,400-square-foot hospital and open it in 18 months. The Miami-based company will build the hospital in Pacasmayo, a seaside city in Peru. Pacasmayo is located in Peru’s La Libertad region, which has a population of 48,000. The Pacasmayo Hospital will be built with steel-reinforced concrete and other earthquake-resistant materials. Services available at the hospital will include ... [more]

Miami developer lands $27.15M loan to build West Palm Beach apartments

Posted:Sat, 17 Mar 2018 16:50:51 +0000

Miami-based AHS Development Group started building an apartment complex in West Palm Beach after landing a $27.1 million construction loan. AHS broke ground for a 240-unit apartment complex called Village at Mangonia Lake with construction financing from Bank of America. The Miami-based developer paid $4.5 million in March 2017 for the 7.56-acre development site at 2101 North Australian Avenue, just west of downtown West Palm Beach along Mangonia Lake. According to its website, AHS expects ... [more]

Owner set to sell 4.46-acre property on Fort Lauderdale’s beach for redevelopment

Posted:Sat, 17 Mar 2018 15:45:27 +0000

The owners of 4.46 acres of property in Fort Lauderdale’s beachfront area, including the landmark Elbo Room bar, have offered the property for sale without an asking price. Aiton “AJ” Yaari assembled the property with 500 feet of frontage along the beach over approximately 30 years. The 4.46-acre assemblage extends north from the Elbo Room north to Poinsettia Street and west from A1A to Seabreeze Boulevard. Yaari and his business partner Lior Avidor put the ... [more]

February sales of Naples-area homes increase 10%

Posted:Sat, 17 Mar 2018 14:35:05 +0000

February sales of houses and condos in the Naples area increased 10 percent from last year’s volume, the Naples Area Board of Realtors reported. The total number of closings in February increased to 672 from 613 in February 2017. The median price of house and condo sales in February increased 9 percent to $364,000 from $333,000 last year. Pending sales of Naples-area houses and condos slipped 3 percent to 1,056 in February from 1,092 in ... [more]

Crack in FIU pedestrian bridge didn’t raise red flags before it collapsed

Posted:Sat, 17 Mar 2018 13:30:58 +0000

An engineer involved in the design of the pedestrian bridge that collapsed Thursday at Florida International University left a voice-mail message on Tuesday warning a state transportation official of “some cracking” in the bridge. The engineer, Denney Pate of FIGG Bridge Engineers Inc., said in the message that he did not regard the cracking as a safety issue. At least six people were killed when the 174-foot, 960-ton bridge collapsed. More victims may be buried ... [more]

Tightening of loose cables preceded FIU bridge collapse that killed at least 6: Sen. Rubio

Posted:Fri, 16 Mar 2018 22:20:54 +0000

The pedestrian bridge that collapsed at Florida International University on Thursday killed at least six people, and the tightening of loose cables may have contributed to the fatal accident. The 174-foot, 950-ton section of the bridge collapsed on Southwest Eighth Street and Southwest 109th Avenue early Thursday afternoon, crushing at least eight cars beneath the rubble. The $14.2 million bridge was being built by Munilla Construction Management and was designed by FIGG Bridge Engineers. A ... [more]

A condo project may be headed for single-family neighborhood in North Miami

Posted:Fri, 16 Mar 2018 22:00:26 +0000

The North Miami Planning Commission gave its nod to the development of a 67-unit, six-story condominium at its Wednesday meeting, paving the way for multifamily projects in a single-family neighborhood on Northeast 130th Street near West Dixie Highway. Turkish developer OZ and BF, LLC, led by Ozkan Ozcelik and Serhat Karakaya, will be developing the condominium at 840 Northeast 130th Street as its first project in South Florida, according to Cemil Akbas, owner of PSN ... [more]

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