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The $17.5 million sale of a former Location Ventures development site in Miami Beach is moving ahead, but prospective condo buyers won’t be happy.  Proceeds from the sale will pay off a lender with a pending foreclosure complaint, but more than 30 investors under contract to buy co-living condo units in the abandoned project will The post Judge approves $18M sale of Location Ventures’ Miami Beach dev site appeared first on The Real Deal.

Developer Giuseppe Iadisernia is launching condo sales for the east tower of his planned Oasis Hallandale development. The developer tapped One Sotheby’s International Realty to head sales for the east tower, with unit prices ranging from $750,000 to $5 million, according to a press release. The east tower is one of two 25-story, 250-unit condominiums The post Giuseppe Iadisernia launches sales of Oasis Hallandale condos appeared first on The Real Deal.

Witkoff Group and Ari Pearl’s PPG Development scored a $273 million construction loan for Shell Bay, a mixed-use luxury condo and hotel project in Hallandale Beach.  J.P. Morgan and BDT & MSD Partners are providing the financing for the 150-acre property anchored at 501 Diplomat Parkway, according to a press release. Shell Bay calls for The post Witkoff, Ari Pearl land $273M construction loan for Shell Bay in Hallandale Beach appeared first on The Real Deal.

In a stunning reversal, state prosecutors are abandoning the public corruption case against ex-Miami commissioner Alex Diaz de la Portilla. On Wednesday morning, Broward State Attorney Harold F. Pryor announced his office was dropping criminal charges against Diaz de la Portilla and William “Bill” Riley Jr., an attorney and lobbyist who previously represented David and The post Public corruption charges dropped against ex-Miami commissioner Alex Diaz de la Portilla and lobbyist William Riley appeared first on The Real Deal.

Retired boxing champion turned real estate investor Floyd Mayweather Jr. sold his waterfront Miami Beach mansion for $22 million.  Mayweather, via his Fojoso LLC, sold the 10,853-square-foot house at 288 South Coconut Lane to a company managed by Morris Betesh, according to records. Betesh is a former senior managing director at Meridian Capital Group who The post Floyd ‘Money’ Mayweather Jr. sells waterfront Miami Beach mansion appeared first on The Real Deal.