Score a court victory for the developers of Privé at Island Estates in Aventura. Builders Gary Cohen and BH3 are walking away with a $26 million jury verdict against the Williams Island Property Owners’ Association, which had sought to stop the luxury two-tower development since 2013. On Tuesday, after a seven-day trial, a jury in…
Developer Ron Sheldon of Boca Raton-based PreDevCo expects to close next month on the acquisition of a seven-acre site on the southwest corner of the intersection. Sheldon would build a $168 million cluster of developments there, including a 450-unit apartment building and a 150-room hotel with its own parking garage. He also plans to build retail…
Property records reveal Inverama USA Corp., an affiliate of the Barcelona-based company, paid $58.2 million, or $357,000 per room, for the 163-key hotel at 1500 Collins Avenue in Miami Beach. That price may not include furniture, fixtures, and equipment. Grup Peralada is owned by the Suqué-Mateu family and has a hotel, casino, wine and other…
The United States welcomed 282 Brazilian immigrants last year through the EB-5 investor visa program, as the country rose to become the third largest user of EB-5 visas for the first time, a new report from the U.S. Department of State shows. Brazil’s rise to number three for fiscal year 2017 came on an 88…
Of five sites in Miami-Dade submitted in a regional bid, three are in or near Overtown, Miami Mayor Francis Suarez told The Real Deal. Real estate investor Mitchell Newman owns one site; Michael Simkins owns the other – the Miami Innovation District property in Park West; and the third is the mixed-use Miami Worldcenter project site,…
Sunny Isles Beach-based Dezer Development bought a shopping mall in Orlando that closed last year and plans to redevelop it as an entertainment complex. The Orlando Sentinel also reported that Dezer Development paid $23.7 million for the 104-acre Artegon Marketplace at the southeast corner of West Oak Ridge Road and North International Drive. The seller was New…