Thursday, March 23, 2023 / by Dave Magua
Broward County | Dave Magua Group Blog
Thursday, March 16, 2023 / by Dave Magua
Logistics firm pays $17M for Brownsville industrial site Bulk Express Transport acquired 4.4-acre property with 14K sf warehouse
A Bulk Express affiliate paid $3.8 million per acre for the 4.4-acre site with a 14,000-square-foot warehouse, according to Vizzda. The buyer obtained a $13 million mortgage from Banesco USA. The seller, CUSA Investments managed by Jose Francisco Da Costa Gomez in Miami, paid $650,000 for the property in 2001, records show. The site has been used as a truck and container outdoor storage facility. The warehouse was completed in 1958, records show.
Founded more than 30 years ago, Bulk Express provides long haul transportation services of municipal solid waste, recyclables, construction and demolition debris, contaminated soils, ash, sludge and other materials, according to a press release. In December, Fort Lauderdale-based private investment firm Alterna Equity Partners acquired Bulk Express and its affiliates. The industrial sector ...
Tuesday, March 14, 2023 / by Dave Magua
February Condo Sales in Palm Beach County Reach $255M
Brokers closed 581 condo sales last month, compared with 506 in January, MLS data from Redfin show. Sale prices ranged from $60,000 to $7.4 million, with a median price of $250,000. The price per square foot ranged from $43 to $3,645, with a median of $229.
In January, prices ranged from $55,000 to $21 million, with a median price of $260,000. The price per square foot ranged from $76 to $3,788, with a median of $237.
Sun and Surf, unit 611, at 100 Sunrise Avenue in Palm Beach snatched February’s title of priciest condo sale, with a $7.4 million closing after spending 91 days on the market. Fern Fodiman with Sotheby’s International Realty worked on both sides of the deal. The purchase came to $3,645 per square foot.
That sale price is a significant drop from January’s top sale of $21 million. Robert Garvy, founder and former CEO of Intech In ...
Thursday, January 5, 2023 / by Dave Magua
Here are South Florida’s 10 priciest resi deals of 2022
The top 10 deals ranged from a princess’ $45 million sale of her waterfront Palm Beach home to the $173 million trade of a 16-acre compound in Manalapan, a wealthy enclave north of Delray Beach.
Properties in Palm Beach, where inventory remains tight and pricing high, dominated The Real Deal’s ranking, which is based on property records and the Multiple Listing Service. A select few agents also participated in most of the deals, including Lawrence Moens and Christian Angle.
These were the 10 priciest home sales recorded in South Florida this year:
Larry Ellison drops $173M on Manalapan estate
In June, Larry Ellison, the billionaire co-founder s ...
Wednesday, January 4, 2023 / by Dave Magua
Apollo-linked entity sells oceanfront Palm Beach mansion for $66M
In an off-market deal, an entity tied to private equity giant Apollo Global Management sold an oceanfront Palm Beach estate for $66 million — nearly twice what it traded for 18 months ago.
Sunshine Home 5 LLC, a Delaware entity, sold the mansion at 6 Via Los Incas to another Delaware corporation, TT 47th LLC, records show.
Mortgage documents and a construction contract link the selling entity to Frank Marra, managing director of finance at Apollo. Marra signed for a $33.6 million loan on the property from Bank of America in September, according to public records.
New York-based Apollo, which had $523 billion in assets under management as of Sept. 30, was one of many financial firms that expanded in South Florida last year, opening offices in Brickell and West Palm Beach.
The 0.6-acre Via Los Incas estate sold for $35.4 million in June of last year, pro ...