Katherine Kallergis

Asher Raphael, CEO of Chester, Pennsylvania-based Power Home Remodeling, acquired the new two-story mansion at 2740 North Bay Road, sources told TRD . Russian businessman Ilya Karpov sold the property to a trust that conceals the identity of the buyer.

“Transformational”: What we know about Ken Griffin’s rumored $700M+ purchase of Mana Wynwood

For the record, neither side has confirmed this, but recent purchases and intel from sources working with both parties say the deal will close this year. Griffin could spend anywhere from $700 million to over $1 billion on the 30-acre property.

It looks like billionaire hedge fund manager Ken Griffin is nearing a deal to purchase Mana Wynwood from none other than Moishe Mana himself. For the recor

Two Roads Development settled with the holdout condo owners at Biscayne 21, effectively ending a yearslong saga over the buyout and termination of the waterfront building in Miami's Edgewater, The Real Deal has learned.

Nuveen Green Capital is providing the C-PACE debt, according to a release from Newmark Capital Markets Strategies, which arranged the financing. Coral Gables-based Shoma, led by Masoud and Stephanie Shojaee, are building the 24-story, 333-unit condo building. It will include a retail component anchored by a 36,000-square-foot Publix grocery store.

When Two Roads Development acquired the majority of condos at a bayfront Miami building in 2022, the firm planned to launch sales of an Edition Residences and complete the first tower by the end of this year.

Nadim Ashi’s Fort Partners partnered with BH3 and Merrimac Ventures’ on the Watson Harbour mixed-use development in Miami, according to The Real Deal.

A company linked to the basketball superstar paid $13.5 million for a nearly 12,000-square-foot mansion in Pinecrest, property records show. The non-waterfront property has eight bedrooms, 10 bathrooms, two half-bathrooms, a media room, pool and Jacuzzi and guest house, according to the listing. The property is north of Deering Bay and west of Gables by the Sea.

Effective Aug. 3, Fannie Mae retired its limited review process, and Freddie Mac ended its streamlined review process, which allowed lenders to approve conventional mortgages without a deep dive into a condo associations' finances. All conventional mortgages have to go through the full review process, unless they qualify for a waiver. Projects of 10 units or fewer fall under the waiver qualification.