New Deals and Projects
Miami's real estate market is witnessing significant activity, with new deals and projects emerging across the city. In one of the latest developments, Mast Capital has sold the resort portion of the Solé Miami, a Noble House Resort, in Sunny Isles Beach to South Street Partners for between $20 million and $25 million. The 24-story hotel, which features 249 keys, was sold at a price per key of $80,300 to $100,400.
In another development, Robert Finvarb Companies is launching a short-term rental condo project in North Beach. The 15-story, 232-unit building, called NoBe Parc Miami Beach, will feature furnished units designed by V Starr and will be sold at prices ranging from $570,000 to $2 million.
Disputes and Lawsuits
However, not all is smooth sailing in Miami's real estate market. A lawsuit has been filed by Brickell Key condo owners against Swire Properties over a $32.3 million assessment for seawall replacement and baywalk repairs. The condo owners claim that they should not be responsible for paying for work on property that they do not own.
In another incident, commercial broker George Pino is facing a felony vessel homicide charge after a boat he was steering crashed into a concrete channel marker in Biscayne Bay, killing a 17-year-old girl and leaving another teenager with lifelong disabilities.
Key Facts
- What: Hotel sale, condo project launch, lawsuit over seawall assessment, boat crash
- When: Recent deals and incidents
- Impact: Significant deals and projects in Miami's real estate market, disputes and lawsuits over assessments and accidents
What Experts Say
"The Sunny Isles submarket is one of the highest growth markets in Florida." — Camilo Miguel Jr., CEO of Mast Capital
"We are excited to bring a new product to the North Beach market that offers flexibility and luxury." — Robert Finvarb, CEO of Robert Finvarb Companies
What Comes Next
As Miami's real estate market continues to evolve, it will be interesting to see how these new deals and projects shape the landscape. The lawsuit over the seawall assessment in Brickell Key and the boat crash incident in Biscayne Bay will also be closely watched as they make their way through the courts.
New Deals and Projects
Miami's real estate market is witnessing significant activity, with new deals and projects emerging across the city. In one of the latest developments, Mast Capital has sold the resort portion of the Solé Miami, a Noble House Resort, in Sunny Isles Beach to South Street Partners for between $20 million and $25 million. The 24-story hotel, which features 249 keys, was sold at a price per key of $80,300 to $100,400.
In another development, Robert Finvarb Companies is launching a short-term rental condo project in North Beach. The 15-story, 232-unit building, called NoBe Parc Miami Beach, will feature furnished units designed by V Starr and will be sold at prices ranging from $570,000 to $2 million.
Disputes and Lawsuits
However, not all is smooth sailing in Miami's real estate market. A lawsuit has been filed by Brickell Key condo owners against Swire Properties over a $32.3 million assessment for seawall replacement and baywalk repairs. The condo owners claim that they should not be responsible for paying for work on property that they do not own.
In another incident, commercial broker George Pino is facing a felony vessel homicide charge after a boat he was steering crashed into a concrete channel marker in Biscayne Bay, killing a 17-year-old girl and leaving another teenager with lifelong disabilities.
Key Facts
- What: Hotel sale, condo project launch, lawsuit over seawall assessment, boat crash
- When: Recent deals and incidents
- Impact: Significant deals and projects in Miami's real estate market, disputes and lawsuits over assessments and accidents
What Experts Say
"The Sunny Isles submarket is one of the highest growth markets in Florida." — Camilo Miguel Jr., CEO of Mast Capital
"We are excited to bring a new product to the North Beach market that offers flexibility and luxury." — Robert Finvarb, CEO of Robert Finvarb Companies
What Comes Next
As Miami's real estate market continues to evolve, it will be interesting to see how these new deals and projects shape the landscape. The lawsuit over the seawall assessment in Brickell Key and the boat crash incident in Biscayne Bay will also be closely watched as they make their way through the courts.