Jorge Pérez Of Related Group And Isaac Toledano Of BH Group Acquire Development Site In Hollywood FL

The property asset involved in the transaction is a 4.5-acre development site located at 101 North Ocean Drive in Hollywood, FL. The site is currently under contract for sale. Related Group and BH Group are the prospective buyers, and the seller is Chetrit Group. The site has been confirmed by the Hollywood City Commission to have the rights to develop 398 residential units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Under Contract
• Address: 101 North Ocean Drive
• Market: Hollywood, FL
• Acres: 4.5
• Buyer: Jorge Pérez - Related Group
• Buyer: Isaac Toledano - BH Group
• Seller: Meyer Chetrit - Chetrit Group

The deal highlights the involvement of Jorge Pérez and Isaac Toledano as key figures from Related Group and BH Group respectively, representing the buying side in this transaction. Meyer Chetrit from Chetrit Group serves as the seller in this significant acquisition. If the acquisition closes, there are plans in place to redevelop the oceanfront property.