The Real Deal

Westchester County developer DeNardo Capital filed for Chapter 11 bankruptcy Tuesday, stopping a planned foreclosure auction on its luxury condo project. based SilverPoint Capital was planning a UCC foreclosure sale on interests in the Marker 27 project in Irvington, New York. Irvington, New York-based DeNardo Capital Management’s bankruptcy filing said it had between $10 million and $50 million in assets and liabilities. For example, the owner of the Tillary Hotel in downtown Brooklyn filed for Chapter 11 in December the same day that a UCC foreclosure sale was planned.

UPDATED, Feb. 10, 9:50 a.m.: The developer of a planned Aman hotel and condo again secured approval from the Miami Beach Historic Preservation Board, after reducing the project’s height and making other modifications. Billionaires Vlad Doronin and Len Blavatnik want to build the first Aman-branded development in South Florida at 3425 Collins Avenue, on a site that includes the historic Versailles building. Doronin first sought approval for a height increase to 250 feet in July, a move that attracted significant opposition, including from the billionaire residents of the adjacent Faena House condo tower at 3315 Collins Avenue. The latest plans garnered support on Tuesday from Faena House unit owners Thomas Stern and Paul Cejas, who previously opposed plans, as well as from Design District developer Craig Robins.

Nicholas Stein, Sentinel’s managing director, said the five-story property fits in with the firm’s overall strategy of targeting “high-quality, walkable suburban housing with access to strong employment centers. The Norwalk deal is part of the $382 million in sales that New York-based Rosewood brokered outside of the state this year, including properties in Georgia, Texas and Maryland. Rosewood launched its national brokerage division earlier this year in response to New York state’s new rent regulations. But as multifamily deals have slowed down in New York — both because of the rent regulations and the pandemic — out-of-state transactions are now a major part of the firm’s business, Jungreis said.

Hilda Maria Bacardi, the great, great-granddaughter of Bacardi founder Facundo Bacardí Massó, sold the Cocoplum estate to Anthony two years ago. John Parsiani of Cervera Real Estate and Anamaria Velasquex of Nexxos Realty are listing the estate on behalf of the American-born Puerto Rican artist and producer. Sales of luxury waterfront homes in Coral Gables, including the gated Cocoplum and Gables Estates communities, have surged since March, led by Pharrell Williams’ $30 million purchase of the mansion at 700 Casuarina Concourse. Last month, White Oak Global Advisors co-founder Andre Hakkak and theBalm Cosmetics founder and CEO Marissa Shipman paid nearly $14 million for a non-waterfront home in Gables Estates.