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Sterling Equities pays $95M for Pompano Beach apartments

Sterling Equities pays $95M for Pompano Beach apartments

An affiliate of Sterling Equities paid $95.3 million for a newly built Pompano Beach rental complex along the Intracoastal Waterway. The Great Neck, New York-based development firm bought the Broadstone Oceanside complex, with 204 apartments and seven townhouses, at 1333 South Ocean Boulevard, according to records. The project is across the street from the Atlantic […]

Logistics market is hot, but is a bubble forming?

Logistics market is hot, but is a bubble forming?

Investors can’t get enough of warehouses and logistics spaces these days, but there are some signs that a bubble could be forming. Asset management firms including Blackstone Group, Cerberus Capital Management and KKR have doubled down on logistics centers, and prices for warehouses have surged, Bloomberg News reported. According to real estate research firm Real Capital Analytics, values for industrial […]

Invesca lands $50M refi on Pompano Beach apartments

Invesca lands $50M refi on Pompano Beach apartments

Invesca Development Group landed a $50 million loan to refinance Envy Pompano Beach, a 214-unit, 11-story rental building. Madison Realty Capital, led by Josh Zegen, originated the loan for the building at 475 Southeast First Street within the Koi master-planned community, according to a press release. In April, New York-based Madison Realty provided Plantation-based Invesca […]

Fortune International Group buys waterfront Pompano Beach site for $28M

Fortune International Group buys waterfront Pompano Beach site for $28M

Fortune International Group is the latest developer to bet on the Pompano Beach market. The Miami-based development firm, led by Edgardo Defortuna, paid $27.5 million for the 4.6-acre site at 1380 South Ocean Boulevard, the company announced Wednesday. Fortune is planning to build two high-end condo towers on the oceanfront and Intracoastal-front site, but plans to […]

Hilton hotel in Pompano Beach scores construction loan

Hilton hotel in Pompano Beach scores construction loan

The dual-branded property would be the first new hotel in the area since the Sands Harbor Marina & Resort opened in 1965 The developer of a new Hilton hotel in Pompano Beach just scored a $17 million loan to finish construction of the property, which is part of the redevelopment of the city’s Fishing Village. […]

NEW POMPANO BEACH RESTAURANT/RETAIL COMPLEX RESUMES CONSTRUCTION

NEW POMPANO BEACH RESTAURANT/RETAIL COMPLEX RESUMES CONSTRUCTION

Pompano Beach Restaurant Construction: The new upscale dining and retail complex at the southeast corner of the Atlantic Boulevard Bridge in Pompano Beach is back on track after coming to a standstill almost 10 months ago. “We are moving forward,” said Don Olsen, Director of Operations for Tsatas Acquisitions, the company that owns the property […]

100 Las Olas Sky-High Luxury Condominiums To Open In 2020

100 Las Olas Sky-High Luxury Condominiums To Open In 2020

Four hundred and ninety-nine feet; 113 residences; 46 levels. These are just a few of 100 Las Olas’ impressive stats. The upscale residence is the first new construction project featuring a hotel component on Las Olas in more than 10 years. Since it broke ground in March 2017, development group Kolter Urban has brought the […]


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