Redevelopment plans for Bahia Mar in Fort Lauderdale total nearly 2 million square feet. The hotel owner is completing renovations and has a pending redevelopment plan. Florida Community Bank boosted the mortgage of the Bahia Mar resort and marina in Fort Lauderdale to $135 million as the property undergoes renovations. The property is the home of the annual Fort Lauderdale […]

April 28, 2017 Carla Vianna Daily Business Review Two real estate investors and restaurateurs have purchased a retail acre on Fort Lauderdale beach for $32 million, marking one of the priciest purchases for the beachfront strip. Aiton Yaari and Lior Avidor pocketed two buildings on the corner of Fort Lauderdale Beach Boulevard and Poinsettia Street north of Las Olas Boulevard […]

Apr 28, 2017, 12:40pm EDT Updated: Apr 28, 2017, 2:12pm EDT By: Brian Bandell Senior Reporter South Florida Business Journal After cashing out of one Fort Lauderdale beach property for $18.7 million, Aiton Yaari and Lior Avidor bought another down the block for $32 million. Attorney Thomas P. Angelo, CEO of Fort Lauderdale-based Angelo & Banta P.A., said he represented […]

TOP DEALMAKERS 2016 MULTIFAMILY—WINNER Angelo & Banta, P.A. In the end, coordinating the closing of a record-setting, multistate, 4,200-unit rental home deal took the precision of a military campaign—at a lightning pace. The $402 million transaction was identified as the “industry’s largest bulk purchase” in 2015. “I led the negotiations on the contract and Gavin [Banta] helped me put the […]

Enjoy an evening at Museum of Discovery and Science like none other The “Marvels of MODS Gala” is set for Nov. 14 at 6 p.m. at the museum, 401 SW Second St. in Fort Lauderdale. Later in the evening, the MODS crowd will dance the night away and compete for some luxurious live auction items including a week at a […]

January 22, 2014 Paul Brinkmann Reporter- South Florida Business Journal The St. Regis Bal Harbour Resort, one of South Florida’s best-known luxury resorts, has sold for $213 million to a subsidiary of Qatar’s largest development company. The buyer is Qatar-based Al Rayyan Tourism Development Company. The sale by Starwood Resorts & Hotels is among the largest recent property transactions in […]

January 10, 2014 Paul Brinkmann Reporter- South Florida Business Journal Two self-storage facilities in South Florida have sold for $54 million. The buyer is Sovran Self Storage (NYSE: SSS), which operates 480 facilities under the Uncle Bob’s Self Storage brand. The seller, The Store Room, is an entity managed by Chicago investor Kent Haeger of High Street Capital. The price […]

Paul Brinkmann Reporter- South Florida Business Journal June 27, 2013 A subsidiary of American Land Ventures recorded a $48.5 million mortgage on Thursday for a Phase III luxury apartment tower at New River Village in downtown Fort Lauderdale. The financing from Regions Bank as agent and City National Bank as participant are backing construction – already underway – for a […]

Commercial real estate stars shine amid rebound As a section, Heavy Hitters in Commercial Real Estate is fun because each person’s story is a piece of the overall real estate picture from 2012. For South Florida, that picture is improving, with retail, hospitality, industrial and residential rebounding. Even office, one of the market’s hardest-hit sectors, is on the mend, with […]

Oscar Pedro Musibay Reporter- South Florida Business Journal February 27, 2013 It could be a game changing kind of loan – the $160 million bank financing of the ultra-luxury, 79-unit Mansions at Acqualina. What it could mean is that banks have the same kind of confidence in the market that developers have had for more than a year. It could […]