News

(Photo illustration by Jhila Farzaneh for The Real Deal. Credit: Getty Images) An investment company could score a major victory this week in its alleged hostile takeover of a 1990s Miami Beach condo-hotel. Miami-Dade Circuit Judge Beatrice Butchko has set a three-day trial beginning Tuesday to decide the outcome of foreclosure [...]
Mon, Feb 19, 2018
Source: Miami
Universal Palms Hotel and Pleasant Realty’s Moshe Averbuch (Credit:Universal Palms Hotel and Pleasant Realty Inc.) A group of New York investors just paid $13 million in an off-market deal for the Universal Palms Hotel in Oakland Park, with plans to rebrand the 195-key hotel, The Real Deal has learned. Yeshaya Averbuch, one of [...]
Mon, Feb 19, 2018
Source: Miami
South Florida with Colombian flag (Credit: Wikimedia Commons, Pixabay) Potential buyers from Colombia led a ranking of foreign nationals searching for South Florida homes online in December. The list of residents of top countries visiting the Miami Association of Realtors’ website included Venezuelans at No. 2 with 8.1 percent of international searches [...]
Mon, Feb 19, 2018
Source: Miami
Palm Beach townhouse and condo portfolio A Rochester, New York-based investment firm just sold a three-property portfolio in Palm Beach County to a New Jersey investor for $19.1 million. Companies controlled by John Summers and Kenneth Marvald sold a 100-unit portfolio to LLCs managed by Austin Rolnick of Pentaurus Real Estate Investment [...]
Mon, Feb 19, 2018
Source: Miami
Royal Palm Office Park, Seneca Industrial Park, International Corporate Park and rendering of new Natuzzi Italia building Virgin Voyages HQ arrives in Plantation Virgin Voyages is saying “ahoy” to the city of Plantation. The cruise company opened its new, 60,000-square-foot headquarters at the Royal Palm Office Park at 900 and 1000 South Pine Island [...]
Mon, Feb 19, 2018
Source: Miami
Adam Neumann WeWork expects revenues to top $2.3 billion this year, the New York Times reported. The coworking startup is growing revenues quickly amid its rapid expansion to 20 countries and some 200,000 members. And backed by a $4.4 billion investment from Japanese technology group SoftBank, the company is expanding services into areas [...]
Mon, Feb 19, 2018
Source: Miami
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