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Category: Business

Six-story hotel to replace aging, single-story motel on U.S. 1 in Dania Beach
Business

Six-story hotel to replace aging, single-story motel on U.S. 1 in Dania Beach

April 29, 2025April 29, 2025

A developer won city approvals to replace an aging, single-story motel on U.S. Highway 1 in Dania Beach with a six-story, 79-room hotel that would

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Grovenor House closing tops Miami-Dade weekly condo sales 
Business

Grovenor House closing tops Miami-Dade weekly condo sales 

April 29, 2025April 29, 2025

Miami-Dade County’s condo sales and dollar volume fell last week.  Brokers closed 109 condo sales totaling $106 million from April 20 to April 27. The

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Live Local Act amendment threatens Art Deco, MiMo buildings: Miami Beach officials
Business

Live Local Act amendment threatens Art Deco, MiMo buildings: Miami Beach officials

April 28, 2025April 28, 2025

Imagine a world where developers would be allowed to bulldoze historic Miami Beach buildings designed by famous architects such as Morris Lapidus, Lawrence Murray Dixon

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PMG lands 3M construction loan for Brickell towers, marking largest financing in South Florida so far this year
Business

PMG lands $413M construction loan for Brickell towers, marking largest financing in South Florida so far this year

April 28, 2025April 28, 2025

PMG scored a $413 million construction loan for its planned two-tower development in Brickell, marking the largest financing in South Florida so far this year.

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MG Developer lands 5M construction loan for Hialeah multifamily project
Business

MG Developer lands $105M construction loan for Hialeah multifamily project

April 28, 2025April 28, 2025

MG Developer will soon break ground on a Hialeah multifamily project after scoring a $105 million construction loan. Scale Lending, a joint venture between Slate

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West Palm Beach medical office and retail plaza sells for M 
Business

West Palm Beach medical office and retail plaza sells for $18M 

April 28, 2025April 28, 2025

An entity managed by broker Kenneth J. Mantovani III bought a medical office and retail plaza in West Palm Beach for $18 million.  Mantovani purchased

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Supercar owner finds buyer for oceanfront Miami Beach condo 
Business

Supercar owner finds buyer for oceanfront Miami Beach condo 

April 28, 2025April 28, 2025

A waterfront home on Miami Beach’s Sunset Islands asking $24.5 million secured a buyer, capping an active week for luxury home contracts.  The pending sale

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Waterfront Naples estate sells for 5M, marking second-highest US home sale
Business

Waterfront Naples estate sells for $225M, marking second-highest US home sale

April 28, 2025April 28, 2025

The billionaire DeGroote family sold their waterfront Naples estate for $225 million, marking the second-highest priced home sale in the country.  The sale, to a

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Lease roundup: Restaurateur Jay Shirodkar plans steakhouse in Flagler Village, CDS Realty lands office tenants in Hollywood
Business

Lease roundup: Restaurateur Jay Shirodkar plans steakhouse in Flagler Village, CDS Realty lands office tenants in Hollywood

April 28, 2025April 28, 2025

Jay’s Steakhouse | Fort Lauderdale  Prominent restaurateur Jay Shirodkar, known for his Naked Taco venues in South Florida, plans a new dining concept in Fort

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Movers & Shakers: Elliman names Kellen Porter Florida COO
Business

Movers & Shakers: Elliman names Kellen Porter Florida COO

April 28, 2025April 28, 2025

Douglas Elliman named Kellen Porter chief operating officer for Florida, according to a company announcement. Porter joins Elliman from Pacific Sotheby’s International Realty in San

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