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Infinity Luna LLC Acquires Majority of Units at Hollywood Condo

Infinity Luna LLC has complete control of the homeowners’ association after purchasing 160 out of 192 condominium units at Luna at Hollywood. Berkadia helped arrange the acquisition. Director Yoav Yuhjtman, Senior Managing Directors Roberto Pesant and Jaret Turkell, Associate Director Omar Morales and Senior Analyst Jose Mota of Berkadia Miami marketed the property on behalf of the seller Prashkovsky Investments USA LLC. 

“Besides its central location, Luna at Hollywood benefits from the city’s extensive investment in improving the surrounding area, including public services, parks and streetscaping, combined with the strong demand for housing in Broward County in general,” Yuhjtman says. “The previous owner had already renovated about half of the units, so the new owner has an opportunity to finish the capital improvement plan and capitalize on strong rent growth trends.” 

The condo was built in 1968 and is located at 3600 Van Buren Street. It offers one and two-bedroom units averaging 1,055 square feet. Individual units feature fully equipped kitchens with upgraded cabinets and newly installed stainless steel appliances, central air conditioning, new hard surface flooring, linen and walk-in closets, private balconies and patios and on-site maintenance. Community amenities include two resurfaced swimming pools, a fitness center, clubhouse, storage units and on-site parking and laundry facilities. 

“Looking at the current market conditions and given our shift in focus towards development and newer construction acquisitions, we decided it was the right time to sell Luna at Hollywood and move on to our next project,” Adi Karadi says, CEO of Prashkovsky Investments USA LLC. 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.