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Sunrise homebuilder pays $21M for Homestead land

Wednesday Aug 30th, 2017

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More home development in Homestead is in the pipeline. An affiliate of Sunrise-based Centerline Capital Advisors, led by Craig Perry, just paid $21.3 million for an assemblage of lots for single-family homes in Homestead, property records show. Centerline also secured a $7 million loan from Weston-based Florida Community Bank and a nearly $4.4 million loan from NVR Inc., and arm of the Virginia-based homebuilder Ryan Homes. SW 112 Investments, led by Barry M. Brant, sold land on the... [read more]

Tropical Villas, a 42-single-family home community, underway in Homestead

Tuesday Aug 15th, 2017

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The building boom in Homestead continues with yet another developer announcing plans for a new single-family home community. The Miami-based developer, 360 Builders, will be delivering 64 single-family homes to Homestead with prices ranging from $328,900 to $388,900. The community, called Tropical Villas at 201 Northeast 18th Avenue, has completed its first phase of development, consisting of 26 homes. The houses range from about 1,901 square feet to 2,280 square feet, according to... [read more]

Boca's SobelCo. to build homes in West Palm country club

Thursday Mar 23rd, 2017

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  SobelCo., a South Florida developer, will build part of the residential component at the new Banyan Cay Resort & Golf Club in West Palm Beach. An affiliate of Boca Raton-based SobelCo. completed a $10 million land deal Tuesday for 94 lots at the club off Congress Avenue and north of Palm Beach Lakes Boulevard. Tirso San Jose, a SobelCo. executive, said the single-family homes will be priced from the $500,000s to the $800,000s, likely attracting “empty... [read more]

Lennar buys home development site in South Florida for $10M

Tuesday Mar 07th, 2017

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  Lennar Homes acquired the long-stalled Silver Palms Southwest project in southern Miami-Dade County for $10.3 million. Madeira Investors, managed by Juan Carlos Rodriguez in St. Augustine, sold the 106 home lots at the southwest corner of Southwest 240th Street and Southwest 117th Avenue to Lennar Homes, an affiliate of Miami-based Lennar Corp. (NYSE: LEN). The property was platted into home lots in 2007, but no construction took place as the recession set in. The property... [read more]

Take a peek inside the most expensive sale of a private property in Broward County

Tuesday Mar 07th, 2017

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At 27.5 million dollars, the sale of 5 Harborage Isle is the largest sale in Broward County Florida. Most people know this area as Ft. Lauderdale which is a city located in Broward County. S. Donald Sussman, the founder of Paloma Funds and New China Capital Management, bought 5 Harborage Isle from David Stern, who once headed Florida's largest foreclosure law practice. The Florida Bar disbarred Stern in 2014, accusing him of not supervising employees who improperly filed foreclosures... [read more]

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