Alson Realty

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[Alson Realty @alsonrealty]

A joint venture scooped up the Ray Hotel Delray Beach, Curio Collection by Hilton for $57.7 million, marking a resurgence of hospitality investment sales.  Tmgoc Ventures and Certares Management bought the four-story, 141-key hotel at 233 Northeast Second Avenue, according to…

[Alson Realty @alsonrealty]

Sienna Motors is expanding in Pompano Beach, acquiring a shuttered dealership less than a block away from its existing auto sales site for $21.9 million.  An affiliate of Sienna, led by CEO Claude Senhoreti, acquired the former home of defunct Pompano Ford Lincoln at 2714 North…

[Alson Realty @alsonrealty]

Miami-Dade County’s condo sales rose last week, while dollar volume and price per square foot fell. Brokers closed 134 condo sales totaling $91.8 million from Sept. 15th to Sept. 22nd. The previous week, brokers closed 107 condo sales totaling $93.8 million. Last week’s units…

[Alson Realty @alsonrealty]

Consumer goods multimillionaire Anand Khubani paid $100 million for an assemblage on La Gorce Island in Miami Beach, The Real Deal has learned. It marks the most expensive residential sale in Miami-Dade County this year.  An undisclosed buyer is purchasing a smaller piece of…

[Alson Realty @alsonrealty]

The estate of the late Continental National Bank founders Fanny and Charles Dascal secured a buyer for their waterfront Miami Beach mansion that’s on the market for nearly $27 million. The pending sale of 1470 Daytonia Road topped the Eklund-Gomes report for the week of Sept.…

[Alson Realty @alsonrealty]

Ventas bulked up its South Florida hospital portfolio after paying $37 million for a 79-bed facility in Palm Beach County. An affiliate of Ventas, a Chicago-based, health care-focused real estate investment trust led by CEO Debra Cafaro, acquired Kindred Hospital The Palm…

[Alson Realty @alsonrealty]

The owner of a plastic surgery center in Miami paid $34 million for an oceanfront estate in Golden Beach.  The deal, which closed on Friday, marks the second most expensive home sale in Golden Beach. The priciest is the $45 million sale of 299 Ocean Boulevard in 2022, which was…

[Alson Realty @alsonrealty]

Toscana Divino | Key Biscayne  Italian restaurant Toscana Divino, once a staple at Mary Brickell Village, will re-open as a pop-up in Key Biscayne.  Toscana Divino Hospitality Group leased retail space at the Towers of Key Biscayne residential condominium at 1121 Crandon…

[Alson Realty @alsonrealty]

South Florida real estate firms bolstered their leadership in the latest roundup of hiring news.  Iker Belauste returned to JLL as a vice president in its Miami office, according to a press release. Belauste started at JLL in 2019 as an associate, and left for CBRE in 2023…

[Alson Realty @alsonrealty]

South Florida’s office market is having a harder time than the industry has let on. We knew investment sales were down compared to the record years of 2021 and 2022, thanks to the Federal Reserve’s 11 interest rate hikes in recent years, and skyrocketing insurance and other…

[Alson Realty @alsonrealty]

Chasen Companies and ASG Development won approval from Boca Raton for their planned Glass House condos.  Groundbreaking for the nine-story, 28-unit project at 280 East Palmetto Park Road is slated for early 2025, according to a press release. Douglas Elliman Development…

[Alson Realty @alsonrealty]

Palm Beach leaders want the federal government to foot the bill for Donald Trump’s beefed up security. Since the first assassination attempt on the former president and Republican candidate, it has cost local municipalities $93,000 a day to protect him, according to the Palm…

[Alson Realty @alsonrealty]

The Urban League of Broward County expects to break ground next year on Village at Oakland Park, a 469-unit affordable housing development that will include for-sale townhouses west of I-95 in Oakland Park. The Oakland Park City Commission on Wednesday rezoned the 19.7-acre…

[Alson Realty @alsonrealty]

A development partnership proposes a 500-unit residential project on a 3.2-acre assemblage in Fort Lauderdale that includes a church, as redevelopment of religious sites surges in South Florida.  Tal Levinson and Eric Malinasky’s preliminary plan is for a pair of six-story…

[Alson Realty @alsonrealty]

South Florida’s residential market slumped in August, with sales and dollar volume dropping across the region. Yet, single-family home prices continued to climb in Miami-Dade, Broward and Palm Beach counties, according to Multiple Listing Service data collected by the Miami…

[Alson Realty @alsonrealty]

Link Logistics secured a $95 million loan for a quartet of recently completed warehouses in Medley. An affiliate of New York-based GID provided the loan to Link Logistics, the industrial real estate subsidiary of investment giant Blackstone, led by CEO Stephen Schwarzman. Both…

[Alson Realty @alsonrealty]

BurgerFi is cutting the fat from its real estate, abandoning leases at four South Florida restaurants and its corporate office in Fort Lauderdale. The fast food chain, which also owns Anthony’s Coal Fired Pizza, abandoned leases for its headquarters at 200 West Cypress Creek…

[Alson Realty @alsonrealty]

The billionaire Ansin family’s Sunbeam Properties paid $8 million to complete a bulk purchase of an aging condo complex in North Bay Village.  Sunbeam acquired the 24-unit, six-building Treasure Island Cove property at 1631 North Treasure Drive, said Andy Ansin, president and…

[Alson Realty @alsonrealty]

A developer proposes a 42-unit multifamily project in Ojus, amid a record apartment construction pipeline in South Florida.  Entities managed by Jacobo and Fortuna Toledano of Sunny Isles Beach want to build the eight-story building on a 0.7-acre assemblage on the southwest…

[Alson Realty @alsonrealty]

South Florida real estate players became giddy in recent years over the influx of businesses and ensuing office leasing spree at record rents. The bonanza prompted an investment sales flurry, with buildings from Brickell to Boca Raton trading at ever-rising prices.  But that…