Favo buys 277-unit apartment tower in Hollywood for $190M
Private credit firm Favo Capital bought a 277-unit apartment tower facing Young Circle in Hollywood for $190 million. The deal marks one of the priciest multifamily investment sales so far this year in South Florida. Lauderhill-based Favo bought the 22-story 1818 Park apartment building with groun
Summer slowdown: Broward weekly condo sales drop to $29M
Broward County’s condo sales and dollar volume dropped last week. Brokers closed 96 condo sales totaling $29 million from Aug. 4 to Aug. 10. That’s down from 134 condo sales totaling $33.5 million the week prior. Last week’s units sold for an average of $302,128, higher than the $250,182 average p
Mortgage Rates at Lowest Level Since October
Rates on 30-year mortgages fell to 6.58% from 6.63% last week while 15-year rates dropped to 5.71% from 5.75%, Freddie Mac said.
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