Tag: Featured

Low-lying Miami Beach road may get a new seawall

Flooding in Miami Beach Miami Beach and the Florida Department of Transportation are working on a deal to split the cost of installing a new seawall and a pump station along a flood-prone section of Indian Creek Drive. The project, estimated to cost $25 million,  would protect a low-lying, one-mile section of…

Low-lying Miami Beach road may get a new seawall

Flooding in Miami Beach Miami Beach and the Florida Department of Transportation are working on a deal to split the cost of installing a new seawall and a pump station on a flood-prone section of Indian Creek Drive. The project, estimated to cost $25 million,  would protect a low-lying, one-mile section…

Verzasca set to diversify into rental developments

Tim Lobanov of the Verzasca Group Verzasca Group LLC has been a condo developer since its startup in August 2014, but now the Bay Harbor Islands-based company is preparing to enter the rental apartment market. Tim Lobanov, the company’s managing director, told the Daily Business Review that Verzasca is looking for…

No conflict found in pending Miami Beach vote

Miami Beach Mayor Philip Levine The Florida Commission on Ethics determined that Miami Beach Mayor Philip Levine has no conflict of interest in voting on a proposed height increase for a mixed-use development next door to property the mayor owns. The developer, Deco Capital LLC, is seeking a city exception…

Buyer revealed: Aldo Group buys 635-639 Lincoln Road

635 Lincoln Road and Ness Ohayon Aldo Group, the Montreal-based shoe store company, is the buyer of 635-639 Lincoln Road purchased on Friday, according to a deed recorded in Miami-Dade County. The retail building traded for $35 million, amid escalating demand for properties along the pedestrian promenade. Aldo Group, based at…

Buyer revealed: Aldo Group scores 635-639 Lincoln Road

635 Lincoln Road and Ness Ohayon Aldo Group, the Montreal-based shoe store company, is the buyer of 635-639 Lincoln Road purchased on Friday, according to a deed recorded in Miami-Dade County. The retail building traded for $35 million, amid escalating demand for properties along the pedestrian promenade. Aldo Group, based at

Miami Beach firm brokers $23M Orlando hotel sale

The Four Points by Sheraton in Orlando Miami Beach-based GLT Group Brokerage announced the sale of a hotel near Universal Studios in Orlando for $23 million. GLT said the buyer is a Tampa-based private individual who paid about $76,400 per room for the 301-room Four Points by Sheraton Orlando Studio…

Discovered: mystery safe at Pablo Escobar’s former home

Pablo Escobar and the home at 5860 North Bay Road While demolishing the former Miami Beach mansion of drug kingpin Pablo Escobar, construction workers reportedly stumbled upon a mysterious locked safe. Could it hold drugs, cash, diamonds or gold? The property’s new owners plan to find out. The property at…