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Category: Business

Sizing up Hurricane Helene's expected multibillion-dollar damages, effects on insurance market
Business

Sizing up Hurricane Helene's expected multibillion-dollar damages, effects on insurance market

September 26, 2024September 26, 2024

As Hurricane Helene churned toward Florida, property owners and insurers braced for the impact from another devastating and costly storm. The Category 3 hurricane, which

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Baptist Health wins approval for 100-bed hospital in Sunrise
Business

Baptist Health wins approval for 100-bed hospital in Sunrise

September 26, 2024September 26, 2024

Baptist Health South Florida won approval for a seven-story, 100-bed hospital in Sunrise — a city with a population of about 90,000 but no hospital.

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Trust linked to billionaire Michael Latifi drops M on Estates at Acqualina PH
Business

Trust linked to billionaire Michael Latifi drops $26M on Estates at Acqualina PH

September 26, 2024September 26, 2024

A trust linked to Iranian-Canadian billionaire Michael Latifi bought an Estates at Acqualina penthouse for $26 million. Records show the Mialla Trust bought unit PH-02

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Galium Capital snags Sunrise office building at deep discount, paying M
Business

Galium Capital snags Sunrise office building at deep discount, paying $17M

September 26, 2024September 26, 2024

In a sign that office properties in South Florida suburbs are bargain deals, Galium Capital acquired a five-story building in Sunrise for $17 million, roughly

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Beach Club II closing tops Broward weekly condo sales
Business

Beach Club II closing tops Broward weekly condo sales

September 26, 2024September 26, 2024

Broward County’s condo sales, dollar volume and price per square foot rose last week. Brokers closed 73 condo sales totaling $20.19 million from Sept. 15th

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Foodmageddon: South Florida restaurant landlords experiencing record tenant turnover
Business

Foodmageddon: South Florida restaurant landlords experiencing record tenant turnover

September 26, 2024September 26, 2024

Goat Hospitality Group is giving up on its Miami taco stand.  The Miami-based food and beverage firm recently put on the market its lease for

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Sunrise OKs density boost for massive Metropica project
Business

Sunrise OKs density boost for massive Metropica project

September 25, 2024September 25, 2024

Developer Joseph Kavana secured initial approval from Sunrise commissioners this week to increase the density of his long-planned, phased, mixed-use development called Metropica.  The 65-acre

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CS Ventures buys Worth Avenue luxury storefronts for M
Business

CS Ventures buys Worth Avenue luxury storefronts for $30M

September 25, 2024September 25, 2024

Spencer Schlager and Charles Rosenberg’s CS Ventures bought six Worth Avenue luxury storefronts for $30.3 million. The investment firm bought the 8,500-square-foot retail building at

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Spec developer sells waterfront North Bay Road mansion for M
Business

Spec developer sells waterfront North Bay Road mansion for $23M

September 25, 2024September 25, 2024

Spec developer Francisco Perez sold a waterfront North Bay Road mansion in Miami Beach for $23.3 million after a trio of price cuts this year. 

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Surfside spec developers set record with M sale of waterfront mansion
Business

Surfside spec developers set record with $20M sale of waterfront mansion

September 25, 2024September 25, 2024

Spec developers Reuven and Iris Herssein sold their waterfront mansion in Surfside for a record $19.8 million, The Real Deal has learned.  The Hersseins sold

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