As they retire from the workforce, some baby boomers are looking to relocate to maintenance-free homes or condos. Or they want to be near their children or grandchildren in what has been termed “baby chasing.” Others want to head to a warmer climate full- or part-time, often choosing active-aging communities where they can pare maintenance, […]
“Wonder Woman” actress Lynda Carter has a new closet for her cape. Carter paid $15 million for a condo at the Four Seasons Residences at The Surf Club, property records show. David Hamamoto, who heads the special purpose acquisition company DiamondPeak Holdings, and his wife Martha Hamamoto sold the 3,844-square-foot unit at 9001 Collins Avenue in […]
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Holly Meyer Lucas, a team leader of Meyer Lucas at Compass in South Florida, came up with an idea for bringing home bidding wars to Zoom to “open the playing field” for sellers and buyers. She believes it could provide more transparency in multiple offer situations if all bidders could meet over video conference to […]
Made for Entertaining Creating a private sanctuary was paramount for the family who resides in this Southwest Ranches gated property. Alene Workman (of Alene Workman Interior Design Inc. in Fort Lauderdale) was tasked with designing a space to fit the homeowners’ relaxed lifestyle. “Home entertaining was an important consideration with small groups being invited into their world, […]
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 […]
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 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 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 […]
Average rate of America’s most popular home loan drops to 2.98% The average rate on a 30-year mortgage, America’s most popular home loan, has fallen below 3 percent. The 2.98 percent is the lowest Freddie Mac has seen in nearly 50 years of tracking. It’s the third consecutive week of decline and the seventh record-low […]