El-Ad doubles up in North Bay Village, pays $19M for second dev site
El-Ad Properties upped the ante on its North Bay Village bet, buying a second development site in the waterfront city for $19 million. An affiliate of Boca Raton-based El-Ad, led by Isaac Sharon Tshuva and Orly Daniell, acquired an 11,200-square-foot lot at 7922 East Drive and two contiguous lots totalling 22,400 square feet at 7923 and 7925 East Drive, records and real estate database Vizzda show. El-Ad also assumed a $4.5 million mortgage with a 2028 maturity date. El-Ad paid more than double the sale price from three years ago. The seller, an entity managed by Luis Navas in Fort […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The verification layer financial systems forgot to build
Just don’t: Why AI-generated marketing content is a regulatory minefield for mortgage lenders
Many older Americans stuck in homes that no longer fit
Brooklyn Loft Inside 1865 Civil War Munitions Foundry Lists for $2.1 Million—Complete With Converted Smokestack Fireplace
“Reckless”: George Pino breaks down at start of his manslaughter trial over 2022 boat crash
Miami-Dade Invokes Eminent Domain To Seize Land on Ultraexclusive Fisher Island
South Florida’s top deals: Finance exec sells Surf Club condo for $27M
Class Valuation adds Makena InstaPlan ahead of UAD 3.6 shift
May rent trends run sideways as multifamily supply stays strong
Mortgage and real estate battle for the top of the funnel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131