With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. The real estate sector in the S & P 500 ended 2023 with a gain of more than 8%, sharply underperforming the broad...
Berkadia oversaw the sale and financing of San Marco 1, a 156-unit vintage, garden-style apartment in Deerfield Beach, Florida. A Berkadia South Florida team led by Yoav Yuhjtman secured the $24.6 million sale on behalf of the seller, Prashkovsky USA, a leading family...
Pebb Capital has secured a $173 million construction loan for Sundy Village, a mixed-use development in Downtown Delray Beach. Pebb Capital started work on the $240 million project in 2023 and expects delivery in summer 2024. The loan came from Monroe Capital and JP...
Franklin Street Properties Corp. sold the 212,182-square-foot office building at 5505 Blue Lagoon Drive to national homebuilder Lennar for $65 million. The price on the company’s national headquarters equated to $320 per square foot. The S. Florida Business Journal...
Westdale Properties, King Street Capital Management and Cedar Capital Partners are combining to give Shelbourne South Beach an $85 million facelift. The 14-story hotel was built in 1940. The 251-room oceanfront property sits in Miami Beach’s Art Deco Historic...
