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Category: Business

Griffis drops M for downtown West Palm apartment tower
Business

Griffis drops $87M for downtown West Palm apartment tower

June 16, 2025June 16, 2025

Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million.  The deal marks a slight uptick in South Florida multifamily

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Real estate investor finds buyer for M Gables Estates mansion
Business

Real estate investor finds buyer for $47M Gables Estates mansion

June 16, 2025June 16, 2025

Real estate investor Rafael Perez secured a buyer for his waterfront Gables Estates mansion, asking $47 million.  The pending sale led last week’s Eklund-Gomes report. 

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Aerospace power couple sells 10-acre Davie estate for record M
Business

Aerospace power couple sells 10-acre Davie estate for record $26M

June 16, 2025June 16, 2025

A massive estate in Davie sold for $25.5 million, marking a record for home sales in the western Broward County town.  Laurent and Laure Parelle

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Lease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral
Business

Lease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral

June 16, 2025June 16, 2025

Alo Yoga, Massimo Dutti, Vuori | Miami  Swire Properties’ Brickell City Centre scored eight tenants.  In the biggest lease, global fashion label Massimo Dutti will

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Movers & Shakers: Bainbridge Companies taps facilities VP
Business

Movers & Shakers: Bainbridge Companies taps facilities VP

June 16, 2025June 16, 2025

In the latest roundup of South Florida real estate hiring news, firms made leadership moves. Wellington-based Bainbridge Companies hired Kevin Kochersperger as vice president of

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How South Florida builders are prepping for hurricane season
Business

How South Florida builders are prepping for hurricane season

June 16, 2025June 16, 2025

Hurricane season is on, and South Florida’s real estate industry is preparing. Hundreds of projects are under construction across the region, and all are at

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Receiver sells alleged predatory lender’s Jupiter home after her husband’s RICO sentencing
Business

Receiver sells alleged predatory lender’s Jupiter home after her husband’s RICO sentencing

June 13, 2025June 13, 2025

The Jupiter home of alleged predatory lender and fraudster Lisa McElhone sold out of receivership for $12.2 million.  The sale is part of a years-long

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Realty Income sells West Palm car lot for M to Jon Samuel
Business

Realty Income sells West Palm car lot for $24M to Jon Samuel

June 13, 2025June 13, 2025

Miami-based investor Jon Samuel paid $24 million for a shuttered car lot in West Palm Beach that was the former headquarters of a defunct auto

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Here’s the real picture of South Florida’s housing market 
Business

Here’s the real picture of South Florida’s housing market 

June 13, 2025June 13, 2025

Residential broker Erin Sykes recently reduced the price on a condo she listed at the Regency of Palm Beach, a 60-year-old oceanfront building.  The 1,358-square-foot

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Argentine developers propose 25-story Goulds tower –– area’s tallest –– under Live Local Act
Business

Argentine developers propose 25-story Goulds tower –– area’s tallest –– under Live Local Act

June 13, 2025June 13, 2025

An Argentine real estate firm wants to develop a 25-story Live Local Act multifamily tower in Goulds, marking the tallest proposed building in the south

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