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June 02.2025

2 Minutes Read

Why the Onyx Tower's $52 Million Sale Signals Opportunity for Florida Homeowners

Onyx Tower for sale in Hallandale Beach, modern skyscraper view.

Onyx Tower Sees a $52 Million Sale in Hallandale Beach

The stunning 28-story Onyx Tower in Hallandale Beach has recently changed hands for an impressive $52.2 million. This monumental sale, which took place on June 2, 2025, involved a buyer who also secured a hefty loan of $77.2 million for the property, underscoring the robust investment climate in South Florida's commercial real estate market.

The Investors Behind the Deal

The buyer of Onyx Tower comes from a familiar lineage—Aventura-based Inmobiliaria Brom, which, through its affiliate Optima International North, initially completed the tower in 2023. This strategic purchase is part of a broader trend where properties are frequently exchanged between entities connected to the same owner, primarily for ownership restructuring or potential tax benefits. Such moves, while complex, signal a strategic reshaping of assets within the competitive South Florida market.

Financing and Future Potential

The buyer secured financing from Barings, which represents a collective of lenders. The loan features a term of three years, along with two options for two-year extensions. Such financial backing points to strong confidence in the future performance of the Onyx Tower, reflecting an encouraging economic outlook in Hallandale Beach and the surrounding areas.

What This Means for Hallandale Beach

In a broader context, Hallandale Beach is experiencing significant development, with other projects like the 25-story, 250-unit east tower, further demonstrating this area's growing appeal. Developers are keen to capitalize on the booming market, which is attracting influxes of both capital and residents. Therefore, prospective homeowners in Florida should be excited about these developments, as they may lead to increased economic growth and improved local amenities.

Conclusion: The Outlook for Local Investments

The Onyx Tower transaction highlights the vibrant commercial real estate landscape in Hallandale Beach and the strategic movements by investors within the area. As development continues to flourish, Florida homeowners and investors alike should keep a close eye on ongoing trends that could impact property values and community growth positively.

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Why the Onyx Tower's $52 Million Sale Signals Opportunity for Florida Homeowners

Onyx Tower Sees a $52 Million Sale in Hallandale Beach

The Investors Behind the Deal

Financing and Future Potential

What This Means for Hallandale Beach

Conclusion: The Outlook for Local Investments

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