Developers Secure $463 Million Financing To Advance The St. Regis Residences, Sunny Isles Beach

Developers have secured $463 million in financing for The St. Regis Residences, Sunny Isles Beach, Miami, a two-tower oceanfront condominium development under construction at 18801 Collins Avenue in Sunny Isles Beach. Fortune International Group and Château Group obtained the financing from Madison Realty Capital, with proceeds refinancing existing debt from Bank OZK while providing additional capital for continued construction of the 62-story South Tower.

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5.1-Acre Naples Senior Living Campus Sells For $10 Million

BH Group and Gold Standard of Care have acquired AdviniaCare Naples, an approximately 5.1-acre senior living and skilled nursing campus at 7801 Airport-Pulling Road North in Naples, Florida, for $10 million. The partnership plans to reposition the property under the AHAVA senior living brand.

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