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Category: Business

Panattoni seizes Flagler Station offices in deed in lieu, pays M for nearby building
Business

Panattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building

May 9, 2025May 9, 2025

Bridge Investment Group relinquished a Miami-Dade County office building in a deed in lieu of foreclosure and sold a nearby property for $20.8 million.  The

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Realterm buys industrial outdoor storage in Pompano Beach for M
Business

Realterm buys industrial outdoor storage in Pompano Beach for $25M

May 9, 2025May 9, 2025

A logistics real estate company bought an industrial outdoor storage site in Pompano Beach for $25 million.  Annapolis, Maryland-based Realterm purchased the property at 3120

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Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood
Business

Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood

May 9, 2025May 9, 2025

Developer Louis Birdman and partners advanced plans to build 618 apartments in Hollywood, as part of a mixed-use development on a city-owned brownfield property just

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Moderno and Gaia launch first phase of 0M single-family home fund for Miami’s urban core
Business

Moderno and Gaia launch first phase of $300M single-family home fund for Miami’s urban core

May 9, 2025May 9, 2025

As many developers go vertical with condo projects across South Florida, Moderno Development Group and Gaia Real Estate Holdings are betting on continued demand for

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Riviera Beach approves 25-story waterfront mixed-use condo project
Business

Riviera Beach approves 25-story waterfront mixed-use condo project

May 8, 2025May 8, 2025

Forest Development’s Peter Baytarian can move forward with plans to build a pair of 25-story mixed-use condo towers in Riviera Beach. The Riviera Beach City

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Ladder Capital sues Banyan Street’s Rudy Prio Touzet over M loan for Maryland building
Business

Ladder Capital sues Banyan Street’s Rudy Prio Touzet over $39M loan for Maryland building

May 8, 2025May 8, 2025

Banyan Street Capital’s Rudy Prio Tourzet is allegedly on the hook for $3.6 million tied to a distressed office property in Maryland. In a recent

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Digital marketing boss sells Delray Beach mansion for M 
Business

Digital marketing boss sells Delray Beach mansion for $24M 

May 8, 2025May 8, 2025

Digital marketing boss Jeffrey Herzog and his wife, Jill Herzog, sold their Delray Beach mansion for $23.5 million in an off-market deal. Records show the

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Developer plans nine-story hotel near downtown Fort Lauderdale
Business

Developer plans nine-story hotel near downtown Fort Lauderdale

May 8, 2025May 8, 2025

A Connecticut-based developer plans to build a nine-story hotel just east of downtown Fort Lauderdale and operate it under the Canopy by Hilton brand. New

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“Problematic”: Judge blasts defense attorneys over slow progress in Hammocks case
Business

“Problematic”: Judge blasts defense attorneys over slow progress in Hammocks case

May 8, 2025May 8, 2025

Miami-Dade Circuit Criminal Court Judge Laura Cruz blasted Hammocks defense attorneys over the slow progress of the nearly three-year-old case.  The Hammocks, South Florida’s largest

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Auberge Beach closing tops Broward weekly condo sales
Business

Auberge Beach closing tops Broward weekly condo sales

May 8, 2025May 8, 2025

Broward County’s condo sales and dollar volume rose last week. Brokers closed 188 condo sales totaling $73.7 million from April 27 to May 4. The

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