
Inside litigation surrounding Amrit Ocean Resort condo-hotel
In December 2023, David Stern closed on his $1.8 million purchase of a unit at Amrit Ocean Resort, an oceanfront condo-hotel on Singer Island, a barrier island north of Palm Beach. The following year, he found himself in the courts, suing the developer and managers of the LLCs that built the two-to

Kushner, Cain pay $43M for Edgewater site amid apartment rent-growth predictions
Cain and Kushner paid $43.1 million for a site in Edgewater where they’ve been planning a 364-unit luxury apartment tower. The firms bought the 1.5-acre property at 614 and 720 Northeast 27th Street from an entity tied to a joint venture between Miami-based OKO Group and Cain. London-based Cain, l

Illustrated Properties launches commercial division amid broader industry consolidation
Illustrated Properties is making a bigger leap into commercial real estate with the launch of a division led by industry veteran Shane McCain as the brokerage looks to expand beyond its residential roots in Palm Beach County and the Treasure Coast. McCain will serve as director of commercial real e
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