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Friday, December 9, 2022   /   by Dave Magua

Kimber gunmaker buys Estates at Acqualina condo for $21M

The owner of high-end gun manufacturer Kimber, known for its 1911 pistols, bought a condo at Estates at Acqualina in Sunny Isles Beach for $21.3 million.
Leslie Edelman bought unit TS3407 in the south tower of the condominium project at 17901 Collins Avenue from the developer, records show. Edelman owns Troy, Ala.-based gun manufacturer Kimber. The company’s website lists the Los Angeles Police Department’s SWAT team, the U.S.A. Shooting team, and U.S. Marines as customers.
The $1.8 billion Estates at Acqualina is the Trump Group’s third development in Sunny Isles Beach. The Trump Group, led by Jules Trump, is not affiliated with former president Donald Trump.
The two-tower project includes the completed 49-story, 154-unit south tower, and a 50-story north tower that remains under construction. Prices for units in the development start at $4.2 million, and go as high as the $85 million asking price for a three-story unit the co-founder of Euro ...

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Wednesday, December 7, 2022   /   by Dave Magua

Aria, Merrimac nab Miami Worldcenter site for $18M

Aria Development Group and Merrimac Ventures are planning a new Miami Worldcenter condominium project after acquiring a redevelopment site for $17.5 million.
The joint venture acquired the International Longshoremen’s Association’s former Miami headquarters at 33-55 Northwest Sixth Street for $11 million from the labor union, records show. Aria and Merrimac also bought an adjoining vacant parcel for $6.5 million from an affiliate of Miami Worldcenter master developers Art Falcone and Nitin Motwani, according to a press release. The assemblages totals 1.2 acres.
A Colliers team led by Mika Mattingly and Jack Lowell represented Aria and Merrimac, which opened sales for 600 Miami Worldcenter this month. Plans call for a 32-story tower with roughly 600 fully furnished units with no restrictions on short-term rentals, according to online brochures. Prices start at $395,000 and OneWorld Properties is leading sales for the project.
Miami-based Aria, led by princi ...

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Tuesday, December 6, 2022   /   by Dave Magua

Aviation founder Sonny Berry sells waterfront Jupiter home for $11M

A retired aviation chief sold his waterfront Admirals Cove home in Jupiter for $11 million.
Harry “Sonny” Berry and his wife Eileen Berry sold their mansion at 109 Schooner Lane to Michael Coughlin, records show.
Harry is the founder of Berry Aviation, a private aviation company headquartered in San Marcos, Texas. Berry Aviation contracts for private charters and government aviation work. The company made headlines in 2017 for its involvement in a military evacuation in Niger that went awry, CNN reported.
Robert Thomson of Waterfront Properties had the listing, and Brenda Calcavecchia of Illustrated Properties brought the buyer.
The Berrys bought the half acre property for $6.9 million in 2019, records show. Built in 2016, the home spans more than 9,600 square feet, five bedrooms, six bathrooms, and two half bathrooms. The property also includes a pool, outdoor kitchen and private dock.
The property is set in a gated yachting community. Admirals Cove includese ...

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Monday, December 5, 2022   /   by Dave Magua

Miami predicted to be world’s second-best luxury market in ’23

Don’t expect a deal on a Miami luxury home any time soon. In fact, the high-end housing market is expected to see 5 percent price growth next year, according to a new report.
A global ranking of the top 25 luxury real estate markets by Knight Frank found that Miami will rank second overall in the new year, CNBC reported. The report anticipated a cooling luxury market overall, with average price growth of just 2 percent, down from the 2.7 percent previously predicted by the real estate consultancy.
Miami’s luxury market has been booming for more than two years, ever since the pandemic triggered a deluge of high net worth migration and corporate relocations to the Sunshine State. The effect has been unprecedented price growth across the South Florida market. The impact was even greater on luxury home prices.
Waterfront and non-waterfront properties alike set records, and despite a cooling market, pricing has remained steady.
After a ...

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Saturday, December 3, 2022   /   by Dave Magua

These counties are at the greatest risk for housing market declines

A new report from the real estate data curator Attom spotlights what counties are at the greatest risk for housing market declines during the third quarter of 2022 as the U.S. housing market slows considerably from its 2021 boom.
The report found that the most at-risk counties are clustered in New Jersey, Illinois and inland California, mainly in the New York City, Chicago and Philadelphia areas. The 50 most at-risk counties include eight in and around New York City, four around Philadelphia, nine spread throughout California with the remainder up and down the East Coast including all three counties encompassing Delaware.
At the opposite end of the spectrum, the largest cluster of counties considered not at risk were located in the South, Midwest and Western areas outside of California.
“As the prospect of a possible recession hangs over the U.S. economy, counties in three of the seven largest metropolitan areas – New York City, Chicago, and PhilE ...

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