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Category: Business

Cook County corrects tax roll error after 4M undervaluation
Business

Cook County corrects tax roll error after $444M undervaluation

March 17, 2025March 17, 2025

Cook County Assessor Fritz Kaegi has fixed hundreds of property misclassifications after a months-long audit, but questions remain over how many errors are still unresolved.

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Adam Neumann’s Flow nabs M loan for M El Portal site purchase, partners with Canada Global on mixed-use development
Business

Adam Neumann’s Flow nabs $51M loan for $71M El Portal site purchase, partners with Canada Global on mixed-use development

March 17, 2025March 17, 2025

Adam Neumman’s Flow nabbed a $51 million acquisition loan and is partnering with Canada Global for a planned mixed-use project on an El Portal development

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Triarch, partners buy Dania Beach’s Airport Commerce Park for M, amid a South Florida office market paradox 
Business

Triarch, partners buy Dania Beach’s Airport Commerce Park for $18M, amid a South Florida office market paradox 

March 17, 2025March 17, 2025

A group of investors bought Airport Commerce Park near Fort Lauderdale-Hollywood International Airport for $18.3 million.  The deal comes amid a paradox for South Florida’s

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Luxury homes spend more time on the market in Miami-Dade, as signed contracts fall
Business

Luxury homes spend more time on the market in Miami-Dade, as signed contracts fall

March 17, 2025March 17, 2025

Signed contracts of luxury residential properties in Miami-Dade County dropped for the second consecutive week. Buyers signed 11 contracts between March 10 and March 16,

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Lease roundup: Call Me Gaby on tap on Miami River, Brightline’s MiamiCentral lands Brooklyn Dumpling Shop and five other tenants
Business

Lease roundup: Call Me Gaby on tap on Miami River, Brightline’s MiamiCentral lands Brooklyn Dumpling Shop and five other tenants

March 17, 2025March 17, 2025

Call Me Gaby | Miami  Call Me Gaby, the Italian restaurant in Miami Beach’s South of Fifth neighborhood, will expand to the Miami River.   

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Movers & Shakers: Nikki Beach co-founder joins Elliman
Business

Movers & Shakers: Nikki Beach co-founder joins Elliman

March 17, 2025March 17, 2025

In the latest roundup of South Florida real estate hiring news, a South Beach club scene icon is getting in the real estate game.  Douglas

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The Weekly Dirt: A condo developer’s strategy backfired. Will the project’s revival succeed?
Business

The Weekly Dirt: A condo developer’s strategy backfired. Will the project’s revival succeed?

March 16, 2025March 16, 2025

A partially built luxury condo project in North Bay Village, the city’s first in more than a decade, may be back on track.  Never one

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PPG, BH3 score 5M refi for Hallandale Beach apartment tower, as lending still flows in South Florida 
Business

PPG, BH3 score $225M refi for Hallandale Beach apartment tower, as lending still flows in South Florida 

March 14, 2025March 14, 2025

PPG Development and BH3 Management scored a $225 million refinancing for the Slate Hallandale Beach apartment tower.  The deal marks continued lending in South Florida,

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Miami Beach mayor’s threat to evict O Cinema will test tenant free speech protections, experts say
Business

Miami Beach mayor’s threat to evict O Cinema will test tenant free speech protections, experts say

March 14, 2025March 14, 2025

The First Amendment may not save O Cinema from getting evicted for screening an Oscar winning documentary about the Gaza War and events that led

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Spec developers buy Bay Point mansion for M — after price slashed in half
Business

Spec developers buy Bay Point mansion for $21M — after price slashed in half

March 14, 2025March 14, 2025

Spec developers Ricardo Halfen and Matthew Rosenblatt bought a waterfront Bay Point mansion for $21 million, half off its 2022 asking price. Records show 4355

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