West Hollywood
West Hollywood, FL · Business
Miami Herald
Landmark InterContinental hotel in Miami was just sold. ‘Great real estate'
A landmark downtown Miami hotel best known for the neon Big Orange on New Year’s Eve and for hosting Super Bowl and college football teams has been sold to an investment firm that owns the plush Ritz-Carlton Key Biscayne. Real estate development company Gencom said on Friday that it has purchased the InterContinental Miami, the waterfront 34-story hotel that stands where Biscayne Bay and the Miami River meet and at the southern flank of Bayfront Park. Gencom teamed up with Miami-based White Bridge Capital to buy the 652-room downtown landmark at 100 Chopin Plaza, a short walk to Brickell just to the south. In the other direction, it’s an easy stroll to Kaseya Center or the Pérez Art Museum. PortMiami is a short drive as is Wynwood and Midtown. Strategic Hotels & Resorts sold the hotel. The price wasn’t disclosed. Alessandro Colantonio, chief investment officer at Gencom, said in an interview with the Miami Herald on Friday that his company has no plans to make major changes to its newest hotel, which was built in 1982 as downtown was undergoing a renaissance. The number of rooms will stay the same, he said, and the InterContinental Miami will continue to be
thecolumbusceo.com
Holiday Season Is the Best Time for Homebuyers to Score a Deal in These 7 U.S. Metros
Early November is the best time for homebuyers to score a bargain in Milwaukee, Riverside, CA and Tampa, FL, according to a new report from Redfin, the real estate brokerage powered by Rocket. In Detroit and three Florida metros—Fort Lauderdale, Miami and West Palm Beach—house hunters may benefit from holding...
connectcre.com
Gencom Buys Intercontinental Miami for $300M
Gencom, with White Bridge Capital, acquired the iconic InterContinental Miami, a 652-room waterfront hotel for $300 million (Bloomberg). The 34-story hotel is situated at 100 Chopin Plaza. It has a prominent waterfront location in the heart of Miami’s business and cultural center. Strategic Hotels and Resorts was the seller.
southfloridaagentmagazine.com
Faena Residences Miami lands largest condo construction loan in Florida history
TYKO Capital just provided developers Fortune International Group and KAR Properties with Florida’s largest ever condominium construction loan for their Faena Residences Miami project. The $817 million financing will be used to complete the twin-tower development, which is expected to open on the Miami River in early 2030. “We...
Insurance Journal
floridayimby.com
hoodline.com
Raffles Plants Flag in Coconut Grove With 35 Homes Starting at $4.5 Million
Luxury hotelier Raffles is trading room keys for deeds, launching its first standalone residential building with 35 waterfront homes starting at $4.5 million in Coconut Grove, Miami. Sales officially launch Thursday through Douglas Elliman Development Marketing, placing the project squarely in a neighborhood Fortune has called a billionaire enclave. A...
hoodline.com
Miami Tax Preparer Banned for Life After Faking Returns, Ordered to Pay $571K
A federal court has permanently banned a Miami-area tax return preparer from the business after finding that the majority of returns he filed were loaded with fabricated deductions and credits. Aniel Saint-Hilaire is barred for life from acting as a return preparer, preparing or advising on anyone else's taxes, or even investing in or drawing a paycheck from a tax-preparation business, and he has been ordered to pay back more than half a million dollars in what the court called ill-gotten gains.
NBC Miami
Surfside victim fighting health insurance company again
A Surfside man who lost his daughter and son-in-law in the building collapse disaster is, once again, fighting a court battle against his health insurance company. Pablo Langesfeld has stage four pancreatic cancer. A judge already ruled the Oscar Insurance Company must cover an expensive medication, but the Oscar is relitigating the case.
NBC Miami
Miami office market evolves as companies seek luxury, amenities and location
South Florida has attracted thousands of new residents in recent years. But as people and businesses move to the region, what kinds of office spaces are they choosing?. In Miami, the answer increasingly depends not only on location and price, but on the experience an office building can provide. Cyril...
ourcitymedia.com
luxurytravelmagazine.com
From Mall Town to Boomtown: Aventura's Next Chapter
Once defined by its shopping mall and condominium skyline, Aventura is welcoming a new mix of businesses, hospitality and luxury residential offerings, including the legacy Greenview at Presidential community. For decades, Aventura was known for two things: its massive shopping mall and its waterfront and golf course-view condominium towers. The...
islandernews.com
Seaquarium developer unveils updated vision amid mounting scrutiny
Terra Group developer David Martin unveiled some eye-opening illustrations and his updated plans to revitalize the area of the former Miami Seaquarium, clearing up a lot of earlier misconceptions, yet raising other concerns during the week. Joined by a couple of his seven University of Miami-affiliated partners on the project...