BB&T Takes 32% Loss in Sale of Bentley Bay Condo Retail Space
by Sep Niakan | April 06, 2012
According to a South Florida Business Journal report, Bentley Bay Condo retail space in South Beach sold for 32% less than the mortgage value in a "short sale" type of deal with Branch Banking & Trust, the lender.
The bank took over 3 retail units in the ground floor of Bentley Bay Condo in South Beach in 2011 after foreclosing on a $4.7M mortgage. The new purchaser, Bentley Bay Retail, just picked the units up in March for $3.19M.
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...