RSS \”The Real Deal\”
- PPG, BH3 score $225M refi for Hallandale Beach apartment tower, as lending still flows in South Florida March 14, 2025PPG Development and BH3 Management scored a $225 million refinancing for the Slate Hallandale Beach apartment tower. The deal marks continued lending in South Florida, despite higher interest rates, slower apartment leasing and other economic headwinds. JP Morgan Chase and Monroe Capital provided the refinancing for the 26-story, 250-unit Slate at 101 Diplomat Parkway, according […]
- Miami Beach mayor’s threat to evict O Cinema will test tenant free speech protections, experts say March 14, 2025The First Amendment may not save O Cinema from getting evicted for screening an Oscar winning documentary about the Gaza War and events that led to it. On Wednesday, the Miami Beach City Commission will consider Mayor Steven Meiner’s request to terminate O Cinema’s lease for a movie theater space inside a city-owned historic building […]
- Spec developers buy Bay Point mansion for $21M — after price slashed in half March 14, 2025Spec developers Ricardo Halfen and Matthew Rosenblatt bought a waterfront Bay Point mansion for $21 million, half off its 2022 asking price. Records show 4355 Sabal Palm Owner LLC, a Florida entity managed by Halfen, bought the house at 4355 Sabal Palm Road in Miami from Richard Lee Krelstein in an off-market deal. Halfen and […]
- Lewis Swezy plans age-restricted low-income apartment project in Miami-Dade, as developers target affordable housing March 14, 2025Affordable housing developer Lewis Swezy plans an 80-unit age-restricted apartment project near the Earlington Heights Metrorail stop in Miami-Dade County. Swezy, through his Miami Lakes-based Centennial Management, wants to develop the six-story building with 60 one-bedroom apartments and 20 two-bedroom apartments on a 0.7-acre site at 4052 Northwest 22nd Avenue in an unincorporated area of […]
- Private equity mogul sells Miami Beach PH to Kayak’s Steve Hafner for $24M March 14, 2025Private equity mogul Marc Leder sold his waterfront Miami Beach penthouse to Kayak CEO Steve Hafner for $24 million, marking a South of Fifth price-per-square-foot record. Leder, co-founder of Boca Raton-based Sun Capital Partners, sold the 3,936-square-foot penthouse at Ocean House, at 125 Ocean Drive, for $6,097 per square foot. Hafner, co-founder and CEO of […]