Adler Group buys Miami property approved for 449 apartments
An affiliate of the Adler Group bought a downtown Miami property that was recently approved for 449 apartments. River Tower LLC, a Miami-based company managed by Brian S. Campbell, sold the 1.6-acre site at 230 S.W. 3rd Street for $14.25 million to Lancelot Miami River, an affiliate of Miami-based developer the Adler Group.
Ritz-Carlton Residences Miami Beach developer boosts loan to $105M
Lionheart Capital got its construction loan for the Ritz-Carlton Residences Miami Beach boosted to $105 million. Bank of the Ozarks assumed a $10 million loan from City National Bank of Florida and increased it by $95 million to developer 4701 North Meridian LLC, an affiliate of Miami Beach-based Lionheart Capital led by CEO…
Edgewater Site of New 57-Story Condo Tower
Elysee will be the tallest residential high-rise in the East Edgewater neighborhood. Get all the details.
Chetrit Group deal spares eight South Florida apartment buildings from foreclosure
Eight South Florida apartment buildings were released from a foreclosure lawsuit as part of a nationwide acquisition by Chetrit Group. A group of 73 apartment buildings in eight states were hit with foreclosure lawsuits in 2013 as part of Empirian Lexford’s $335 million loan with a commercial mortgage-backed securities (CMBS) firm.
Professional office building proposed in South Miami
A developer wants to build a five-story professional office building in South Miami. The 65,739-square-foot building would be located at 6201 S.W. 72nd Street (Sunset Drive). It’s just west of the South Miami Metrorail Station and about 10 blocks south of the University of Miami. According to the plan set to go before the South Miami…
Police: Miami Beach Realtor tried to extort powerful duo for $800,000
A Miami Beach real estate agent — who sported bruises in his mugshot — was arrested over the weekend after police say he tried to extort $800,000 from two high-powered brokers, known as ‘‘the Jills,’’ and then grabbed for an officer’s gun during his arrest. Kevin Francis Tomlinson, 48, a high-profile Realtor who worked…