One Thousand Ocean divides penthouse for $5.9M

March 07, 2013 03:00PM

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One Thousand Ocean

Boca Raton’s One Thousand Ocean condominium has closed one-half of a penthouse for just under $5.9 million, or $1,415 per square foot, pushing the building to 89 percent occupancy, LXR Realty, the building’s developer, announced today. 

The unit is customizable, unfurnished and features ocean views and over 4,142 square feet of indoor living space, as well as, a  1,450-square-foot terrace.

One Thousand Ocean divided the penthouse in two upon the request of the buyer. The other half of the unit is currently on the market for $7.65 million.

“After touring our largest penthouse, the couple immediately loved it but felt it was too large for them,” Maria Scarola, One Thousand Ocean’s sales director and an LXR Realty associate, said in a statement. “We presented a solution and they went to contract within 72 hours.”

National market report

March 08, 2013 04:00PM

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Las Vegas at night

From the March issue:  In this month’s round-up of real estate new from across the U.S.,The Real Deal checks out Las Vegas’ $415 million renovation of the Sahara casino and hotel, rechristened the SLS Las Vegas. TRD also examines a remarkable 38 percent spike in Orlando home sales, 4,700 apartments coming  to downtown Chicago and the $100.8 million sale of a 496-unit apartment development in Los Angeles. Read all these stories and after the jump.

Ray Lewis lists West Palm Beach mansion for $5M

March 11, 2013 12:00PM

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3573 South Ocean Blvd (photo courtesy Realtor.com)

Former linebacker Ray Lewis has listed his West Palm Beach home for $5 million as he heads for a new gig as an analyst at ESPN, Realtor.com reported. The Meditterranean feeling seven-bedroom, nine-bathroom home is located in the Highland Beach area, the website said.

The 2001 home features a private balcony with an ocean view, a “chef’s kitchen” and a pool, according to the listing.

The four-story, 6,788-square-foot residence at 3573 South Ocean Boulevard is listed by Emily Roberts of Tauriello & Company Real Estate, according to Realtor.com.

Miami’s 1221 Brickell doubles occupancy

March 11, 2013 03:00PM

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Grant Killingsworth and 1221 Brickell

In a dramatic turnaround, premiere Miami office tower 1221 Brickell has signed 14 new leases, for a total of 50,000 square feet, according to a statement from Jones Lang LaSalle, which represents the landlord, Equities Office Properties Trust. In 2010, the building lost it’s anchor tenant, the law firm Greenberg Traurig, which had leased approximately 150,000 square feet. But the new leases, finalized in 2012, nearly double the building’s occupancy rate from 38 percent in 2010 to 70 percent today.

The new tenants include: Bank of New York Mellon, Allen, Dyer, Doppelt, Milbrath & Gilchrist; US Media; Schimmel; INTL FCStone; Liberty Mutual Insurance; and Lydecker Diaz. Jones Lang LaSalle executive vice president Scott Strickland and senior vice president Grant Killingsworth manage leasing for the building’s owner.

“Ownership’s commitment to ongoing capital improvements, an unmatched location … and a gradually strengthening office market have spurred a dramatic turn of events at 1221 Brickell,” Killingsworth said in the statment. “We have nearly doubled the building’s occupancy in just two years by backfilling 140,000 square feet of office space with a diverse roster of credit tenants – and we expect to continue growing occupancy in 2013.” --Christopher Cameron

Ivanka Trump stalker arrested in Doral

March 13, 2013 12:00PM

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From left: Ivanka Trump and the Doral Golf Resort and Spa

A man accused of violating a restraining order prohibiting him from coming near Ivanka Trump has been taken into custody for approaching her in Doral, NBC Miami reported. John Eugene Enabnit, 32, was arrested Sunday for violating the order, which originates in New York state, the website said. He had previously been arrested during the launch of Trump’s perfume line in New York.

Trump’s father, Donald Trump, bought the Doral Golf Resort and Spa for about $150 million last year.

Peloro sees 75 percent of units reserved

March 14, 2013 02:00PM

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A rendering of Peloro

Only three months after Cervera Real Estate launched sales at Peloro, a luxury condo project in Miami Beach, the development has seen 75 percent of its 113 units reserved, developer SMG Management announced today.

The Luis Revuelta-designed building will open its new sales center at 6630 Indian Creek Drive in early April, at which time prospective residents can sign hard contracts on the boutique building.

Construction will begin in the coming months, starting with the demolition of of the old wall on the bayfront site across Collins Avenue from the ocean. Asking prices will average around $500 per square foot, according to a statement today from the developer.

Peloro wil be located in Mid-Beach, a quieter midpoint between SoFi and the booming areas further north on the Miami Beach barrier island.

“This project is kind of in between [the two areas],” Alicia Cervera, managing partner at Cervera Real Estate, which is marketing the property for SMG, told The Real Deal in November. “It’s a unique opportunity because South Beach and Bal Harbour have gone nothing but up.”

Today’s priciest new listing

March 14, 2013 05:00PM

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5342 Fisher Island Drive

Today’s priciest new listing is a four-bedroom, four-bathroom, 6,300-square-foot condominium in the Bayview Fisher Island development that is asking $6.9 million, according to Condo Vultures. The waterfront condo, which is located at 5342 Fisher Island Drive, #5342, in Miami, features bay views and terraces. Jill Eber of Coldwell Banker has the listing. ( Data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)