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  • Forest Development, Royal Palm nab $269M condo construction loan July 1, 2022
    A joint venture between Forest Development and Dan Kodsi’s Royal Palm Companies scored a $269 million construction loan for a waterfront condo project in Palm Beach County’s Lake Park. Boca Raton-based Forest Development recently partnered with Miami-based Royal Palm on the two 24-story tower Nautilus 220 development along the Intracoastal Waterway at 220 Lake Shore […]
    By Lidia Dinkova
  • CP Group, DRA Advisors buy Miami Tower for $164M July 1, 2022
    CP Group and DRA Advisors teamed up to buy Miami Tower, a landmark downtown office skyscraper known for its color-changing LED exterior, for $60 million less than its owner paid six years ago in a bet that the recent rush of major employers to South Florida will continue. A source close to the deal said […]
    By Francisco Alvarado
  • “Get your money out now”: Miami brokers target Colombian buyers after leftist’s election July 1, 2022
    Uncertainty in the wake of left-wing Colombian presidential candidate Gustavo Petro’s victory in a June runoff election has Miami preparing for a wave of buyers from Latin America. Brokerages say they’ve been sending agents to Colombia to market both new developments and existing properties in South Florida, hoping to capitalize on demand from wealthy residents […]
    By Katherine Kallergis
  • Oak Row Equities plans 400-unit apartment, office tower in Edgewater July 1, 2022
    Oak Row Equities, the developer and private equity firm that until recently was known as Carpe Real Estate Partners, is planning a roughly 40-story apartment and office tower in Miami’s booming Edgewater neighborhood. The newly renamed firm, led by founders Erik Rutter and David Weitz, purchased the 2-acre site between Northeast Second Avenue and Biscayne […]
    By Lidia Dinkova
  • Kaufman Lynn sells Delray Beach HQ for $10M, but firm won’t relocate July 1, 2022
    Kaufman Lynn Construction sold its Palm Beach County headquarters for $10.3 million, but is staying put. An entity managed by Kaufman President and CEO Michael Kaufman sold the 22,000-square-foot, single-tenant office building at 3185 South Congress Avenue in Delray Beach, records show. The buyer, J.J.D. Associates of Palm Beach, an entity tied to Westmount Management’s […]
    By Francisco Alvarado

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