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An affiliate of Miami Lakes-based Prestige Builders Group proposed a development that would replace an industrial property in Hialeah with 212 apartments. The affiliate of Prestige Builders, Hialeah 7.65 LLC, applied to Hialeah’s municipal government to build a nine-building apartment complex on the site of a 62-year-old industrial building. The developer paid $10.5 million in [...]
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A Miami-Beach based company paid $13.5 million for a 90-unit apartment complex in Hialeah, property records show. The acquisition comes at a time when city has seen an increase in investment there. The 114,575-square-foot rental community at 6195 West 19 Avenue traded hands for $150,000 per unit. The buyer, Fields and Green Family’s LLC, is [...]
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A Trump-sized loan: It was among the biggest financing deals to hit the South Florida condo market. The Trump Group’s $558 million construction loan for The Estates at Acqualina in Sunny Isles turned heads. Not surprisingly, it was Bank OZK that provided the loan. Formerly Bank of the Ozarks, the deal again shows the Arkansas-based [...]
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October 02, 2018 02:30PM A joint venture between Prestige Companies and Summit Property Group is planning a $100 million multifamily community next to the planned Ludlam Trail, The Real Deal has learned. The partners want to develop 600 to 800 apartments in addition to commercial space on nearly 8 acres of land on the northwest [...]
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Aug 10, 2005, 4:57pm EDT Prestige Builders Partners has purchased the Minto South Florida portfolio of six multifamily properties in Delray Beach, Coconut Creek and Plantation for $300.31 million. The Miami Lakes-based condo converter said its average $198,488 per-unit price was the result of a strenuous bidding process for Coconut Creek-based Minto Builders' six communities, [...]
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Deals don't stay secret in the real estate business for long. An 11-property, 2,982-unit apartment portfolio was brokered in mid-December by the Boca Raton office of Apartment Realty Advisors. The sellers were Miami Lakes-based Prestige Builders Partners and Parkland-based Falcon Funding LLC. The buyer was Irving, Texas-based Archon Group, which also has a Boca Raton office. [...]