Online Auto Auctioneer Pays $35M for Homestead Land

Itai Kathein and Jay Adair with the distribution center on the property (Credit: Google Maps)

Itai Kathein and Jay Adair
with the distribution center on the property (Credit: Google Maps)

Going … going … gone. A publicly traded provider of online car auctions paid $34.75 million for 117 acres of land in the Homestead Park of Commerce.

Copart USA, founded in 1982 and based in Dallas, bought the land at Southeast 36th Avenue and Southwest 336th Street. The site includes a 32,453-square-foot Class A distribution warehouse, according to a release.

The seller is Sure Equity Partners, a Plantation-based private equity firm led by tech entrepreneur Itai Kathein. Sure Equity bought the land in November 2018 for about $20 million, records show.

Copart will use the site to store vehicles in the event of a natural disaster. The site also features a 17-acre lake slated Copart hopes to improve with a walking trail for public recreation, according to the release.

JLL’s Brian Smith, Audley Bosch and

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Family Foundation Pays $5M For Land To Build Jewish School

Jamie Rose Maniscalco and Daniel Ades with the property

Jamie Rose Maniscalco and Daniel Ades with the property

A family foundation paid $5.3 million for 3.9 acres of land near Miami Shores to build a private, non-profit Jewish day school, The Real Deal has learned.

The Ades Family Foundation, the philanthropic arm of Aventura-based Kawa Capital Management’s managing partner and chief investment officer Daniel Ades, bought the assemblage at 855, 975 and 995 Northwest 95th Street and at 900, 910 and 920 Northwest 96th Street.

Jamie Rose Maniscalco with Apex Capital Realty brokered both sides of the deal. The entire assemblage is in an Opportunity Zone.

Ades told TRD that he hopes to build a 60,000-square-foot, as-yet-unnamed school that would open in 2023. Construction will likely start a year from now on the middle and high school, he said.

His family’s foundation bought the 95th Street land, totaling 3.44 acres and $4.7 million, from the Peroni Family Trust, records

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Billionaire Riley Bechtel Pays Record $63 Million for Montecito’s Historic Rancho San Carlos

While most luxury neighborhoods are still recovering from the COVID-19 market aftershocks, California’s sleepy but searingly expensive Montecito community has seen an unprecedented number of eight-figure real estate deals close in rapid succession. The volley arguably kicked off over the summer, around the time Meghan Markle and Prince Harry paid $14.7 million for large Montecito compound, and has yet to slow.

The latest and biggest deal so far closed last week, when one of Santa Barbara County’s largest estate parcels — a 237-acre property known as Rancho San Carlos — sold for $63.3 million, almost exactly half the unrealistic $125 million pricetag with which it was originally saddled back in 2014, when it first appeared on the market. (The massive estate’s ask eventually plummeted to $75 million before it was yanked off the market.)

Despite the deeply discounted sale price, the transaction is one of the priciest residential deals in

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Air Force pays widow after contractor killed in F-16 training exercise

  • The US government will pay $24.6 million to the widow of an Air Force contractor who was killed after an F-16 accidentally strafed his position, court records show.
  • The US government, through the Air Force, “was responsible for the acts and omissions” that occured during the live-fire nighttime training exercise in January 2017, a judge said.
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The US government will pay $24.6 million to the widow of an Air Force contractor who was killed after an F-16 accidentally strafed his position with 20 mm rounds, court records show.

Retired Master Sgt. Charles “Chuck” Holbrook, a former Tactical Air Control Party airman turned defense contractor, was killed during a nighttime live-fire training exercise at the White Sands Missile Range in New Mexico on January 31, 2017.

Holbrook was killed “when an F-16 student pilot mistook the line of rental cars for the similarly aligned

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