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More Record sales South Florida!

Cashflow In Miami
July 11, 2021

NW 162nd St. and NW 102nd Ave, Hialeah
3500 Curtis Lane and 3535 Curtis Lane , Coconut Grove
1840 South Ocean Boulevard , PALM BEACH

Sold for nearly $109,6 million   by  German entrepreneur and philanthropist Dr. Ernst Langner  15,954-square-foot mansion marks second most expensive highest sale to close on the island recently!The 2.7-acre property last sold in 2012 for $23.5 million. Langner demolished the previous home and completed the new estate in 2014.The property was listed for sale in March for $115 million. Sandwiched between Lake Worth Lagoon and the Atlantic Ocean, the waterfront home has nine bedrooms, ten full bathrooms and three half-bathrooms, according to the listing.$48 million sale had occured by  a trust linked to private equity firm founder Nathan Leight for a waterfront mansion.The Leights owned the property via the Acme Real Estate Trust, managed by trustee Stephen S. Schifrin. Schifrin is chief compliance officer at Terrapin Partners. The 2.2-acre estate previously sold in 2011 for $13.4 million, according to The property has two living units with 12 bedrooms, 12 bathrooms and three half-baths.

And a bit of industrial news- A joint venture between Bridge Development Partners and PGIM Real Estate has secured $67 million in construction financing for Bridge Point Cold Logistics Center, a 312,103-square-foot cold storage facility in Hialeah. The property will be situated on 20.8 acres and is already ON!! Bridge Point Cold Logistics Center will be the first cold storage facility built on a speculative basis in South Florida, according to Bridge Development. The project is also the first cold storage project between Bridge and PGIM, which launched a $150 million program 2019 for the development and redevelopment of cold storage facilities nationwide.


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