777 South Flagler Drive and 201 Lakeview Avenue, West Palm Beach, FL
Starting 2021 with a Bang!!!
Two major sales have occurred in January, 2021 , giving this year one brisk jump start!!
First major office tower will be the purchase by The Related Company Phillips Point office towers in West Palm Beach for $282 million.
AEW Capital Management is selling the 448,914-square-foot office complex. The deal, is the largest office sale in South Florida in more than a year .
Related will pay about $630 per square foot for the buildings at 777 South Flagler Drive and 201 Lakeview Avenue.
Records show AEW paid $246 million for the two towers in 2015. They sit on more than 4 acres overlooking Palm Beach island.
Morgan Stanley, Gunster, and Akerman are among the tenants. Phillips Point is about 90 percent occupied.
111 N.E. 32nd St , Midtown Miami, FL
Midtown Miami sells for $154,350,000!!
Miami Midtown Owner LLC, an affiliate of Chicago-based Magellan Development Group, sold the 400 apartments at 111 N.E. 32nd St. to SE Midtown 5 LLC, an affiliate of Great Neck, New York-based Sterling American Property.
The price equated to $385,875 per unit.
Magellan developed Midtown Five on the 1.6-acre site in 2016. It rises 24 stories in 701,056 square feet. Amenities include a pool, wellness center, dog run, spa, game room, business center, yoga lawn, and meditation garden.
This is only January in South Florida , ladies and gentlemen!!:)
Yotelpad topped off , sold out and soon to be delivered!The project broke ground in January 2019, and a foundation pour took place in August 2019.Read more
Miami-based FECI obtained Federal Aviation Administration approval to build One Miami Central 1,120 feet above ground level, which would have made it the tallest building in the state, if the plans were not revised:(Read more
Aventura-based Immocorp Ventures signed a term sheet with the city’s Community Redevelopment Agency (CRA) in 2019 for the 3.32-acre property at 2400 Broadway in the Northwood Village neighborhood, just north of downtown. That ground lease was approved in September 2020, but the developer still needed to finalize its site plan before moving forward.Read more
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 demolisheRead more