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Category: Business

Omega scores 3M refi, bridge loan for North Miami apartment project, as South Florida financing flows  
Business

Omega scores $103M refi, bridge loan for North Miami apartment project, as South Florida financing flows  

September 25, 2024September 25, 2024

A developer scored a $103 million loan for a nearly finished apartment project in North Miami, marking a continuing surge in South Florida lending.  Omega

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Excelsior closing tops Palm Beach County weekly condo sales
Business

Excelsior closing tops Palm Beach County weekly condo sales

September 25, 2024September 25, 2024

Palm Beach County’s condo sales and dollar volume slipped last week, while the average sale price rose. Brokers closed 67 condo sales totaling $39.7 million

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As Palm Beach’s high season approaches, agents anticipate a busy luxury market
Business

As Palm Beach’s high season approaches, agents anticipate a busy luxury market

September 25, 2024September 25, 2024

With the dog days of summer in the rearview mirror, Palm Beach’s busy season is fast approaching, and real estate agents are getting ready.  

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Cleared for landing: Patrick Bet-David pays M for Broward office building and airplane hangar
Business

Cleared for landing: Patrick Bet-David pays $25M for Broward office building and airplane hangar

September 24, 2024September 24, 2024

Patrick Bet-David and partners are ready for takeoff after paying $25 million for a Fort Lauderdale office building and airplane hangar An entity managed by

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Romero Britto buys his art studio in Miami’s Little River
Business

Romero Britto buys his art studio in Miami’s Little River

September 24, 2024September 24, 2024

Brazilian artist and sculptor Romero Britto purchased his biggest gallery piece, his company’s headquarters.  Britto paid $11.8 million for the 58,000-square-foot art studio at 795

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Business

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September 24, 2024

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JV buys Delray Beach hotel for M, amid resurgence of hospitality investment sales
Business

JV buys Delray Beach hotel for $58M, amid resurgence of hospitality investment sales

September 24, 2024September 24, 2024

A joint venture scooped up the Ray Hotel Delray Beach, Curio Collection by Hilton for $57.7 million, marking a resurgence of hospitality investment sales.  Tmgoc

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Sienna Motors expands in Pompano Beach, buys shuttered dealership for M
Business

Sienna Motors expands in Pompano Beach, buys shuttered dealership for $22M

September 24, 2024September 24, 2024

Sienna Motors is expanding in Pompano Beach, acquiring a shuttered dealership less than a block away from its existing auto sales site for $21.9 million. 

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57 Ocean closing tops Miami-Dade weekly condo sales 
Business

57 Ocean closing tops Miami-Dade weekly condo sales 

September 24, 2024September 24, 2024

Miami-Dade County’s condo sales rose last week, while dollar volume and price per square foot fell. Brokers closed 134 condo sales totaling $91.8 million from

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Anand Khubani pays 0M for waterfront Miami Beach assemblage
Business

Anand Khubani pays $100M for waterfront Miami Beach assemblage

September 23, 2024September 23, 2024

Consumer goods multimillionaire Anand Khubani paid $100 million for an assemblage on La Gorce Island in Miami Beach, The Real Deal has learned. It marks

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