Integra offers $21M stalking horse bid for distressed Pembroke Pines condo complex
Integra Real Estate offered $20.5 million for a sprawling Pembroke Pines condo complex in receivership, setting the floor price for an upcoming auction of the distressed property. Miami-based Integra — led by Nelson Stabile, Paulo Tavares de Melo, Victor Ballestas and Cory Yeffet — was selected as the stalking horse bidder for Heron Pond, the 25-acre complex at 8400 Southwest First Street, according to a purchase and sale agreement included in court filings. The stalking horse bid breaks down to $820,000 per acre. The property consists of 19 two-story lakefront buildings with 304 condo units. Embattled Heron Pond, which had […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
North Palm Beach town center redevelopment tied up in lawsuits
Michael Stern sells interest in Miami Beach condos to majority owner Activate Hospitality
SJC sells Whole Foods complex for $83M amid investor appetite for grocery-anchored real estate
Prominent trial attorney finds buyer for waterfront Boca mansion once owned by Sheetz magnate
South Florida’s top deals: OKO, Cain sell Una Brickell penthouse for $18M
Advertising Real Estate-Related Products and Services
FCC Update on Drones with LiDAR Obstacle Avoidance
Appeals Court Quashes Homie Appeal, Delivers NAR VictoryAppeals Court Quashes Homie Appeal, Delivers NAR Victory
RE Q&A: Should I Add My Daughter’s Name to My House Deed to Avoid Probate Costs?
Solar Panels – Questions to Ask Before Contract
