Condo
Profile: Alicia Cervera Lamadrid
Cervera Real Estate is riding the rising Miami condo wave. The company has announced it is initiating a multimillion dollar expansion to “strategically broaden its reach and services in the tri-county area.”
National Harbor Establishes Brisk Sales Pace in D.C. Area
Washington, D.C.–At The Peterson Cos.’ National Harbor development, more than 100 homes were sold between early 2010 and the first quarter of 2011.
Massive Trump Hotel Tower Opens in Panama
The 70-story Trump Ocean Club International Hotel & Tower Panama, occupying a total of 2.7 million square feet, is poised to become one of Latin America’s newest landmark properties.
TODAY’S DEALS: Dezer Pays Off $265M Mortgage on Miami Beach Trump Towers
Dezer pays off a $265 million mortgage on two of the Trump Towers in Miami Beach, Fla.; Arbor closes six Fannie Mae deals totaling $23.6 million; and Walker & Dunlop closes a $4.2 million acquisition loan secured by a 50-unit property in Minnesota.
New Condos Coming to 250 West St. in Tribeca
New York–The early-20th-century building at 250 West St. in Manhattan’s Tribeca neighborhood is in the midst of being reborn as a luxury condominium development.
Miami Condo Project Targets International Buyers
Miami–The 292-unit Marquis Residences, a downtown Miami condominium developed by Africa-Israel USA, is seeking international buyers, and so far the strategy is working.
Alliance Restarts Stalled Vegas-Area Multifamily Development
Las Vegas–Alliance Residential Co. has restarted construction on the 152-unit Broadstone Ravello in North Las Vegas, formerly intended to be a condo development.
Restarted Sterling at Silverleaf to Include Upscale Condos
Scottsdale, Ariz.–When Sterling at Silverleaf returns to the market, it will feature 16 villas, 12 “custom estates” and 180 upscale condos.
New Owner Plans New Life for $300M Miami Condo Development
Miami–New owners iStar Residential and ST Residential have stepped in with plans to reposition and relaunch the upscale, 340-residence Paramount Bay in downtown Miami.
Condo in Morristown Named Community of the Year by NJBA
Morristown, N.J.–The luxury condominium community 40 Park has won Community of the Year from the New Jersey Builder’s Association.