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Category: Business

Colombian developer sells waterfront La Gorce Island home for M 
Business

Colombian developer sells waterfront La Gorce Island home for $33M 

August 7, 2025August 7, 2025

Colombian businessman Jorge Mattos and his wife, Patricia, sold their waterfront home on Miami Beach’s La Gorce Island for $32.7 million.  The sale of 68

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MG3 sells Miami-Dade charter school buildings for M
Business

MG3 sells Miami-Dade charter school buildings for $91M

August 7, 2025August 7, 2025

MG3 Group sold a pair of charter school buildings in Miami-Dade County for a combined $91.2 million. The two properties in Doral and Kendall represented

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Estate of late Guggenheim Partners exec sells Miami penthouse 
Business

Estate of late Guggenheim Partners exec sells Miami penthouse 

August 7, 2025August 7, 2025

The estate of Scott Minerd, the late founder and managing partner at Guggenheim Partners, sold the second of two Miami penthouses he planned to combine

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Broward weekly condo sales hit M
Business

Broward weekly condo sales hit $34M

August 7, 2025August 7, 2025

Broward County’s condo sales rose last week, while dollar volume dipped slightly.  Brokers closed 134 condo sales totaling $33.5 million from July 28 to Aug.

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Shoma lands M predevelopment loan for North Bay Village project
Business

Shoma lands $30M predevelopment loan for North Bay Village project

August 6, 2025August 6, 2025

Masoud and Stephanie Shojaee’s Shoma Group secured nearly $30 million in financing for its planned North Bay Village condo project.  Coral Gables-based Shoma obtained a

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Sime Realty founders sell Medley industrial portfolio for M
Business

Sime Realty founders sell Medley industrial portfolio for $23M

August 6, 2025August 6, 2025

Real estate investors Scott and Belinda Sime sold a Miami-Dade County industrial portfolio for $22.7 million. An affiliate of Miami-based WREV, led by Tyler Workman,

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Billionaire Wayne Rothbaum sells second oceanfront Delray Beach lot for M
Business

Billionaire Wayne Rothbaum sells second oceanfront Delray Beach lot for $22M

August 6, 2025August 6, 2025

Billionaire Quogue Capital founder Wayne Rothbaum sold a second oceanfront lot in Delray Beach for $22 million, bringing his total sale to $44 million in

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Homestead approves 80-year lease for 5M sports-themed mixed-use project
Business

Homestead approves 80-year lease for $275M sports-themed mixed-use project

August 6, 2025August 6, 2025

A consortium that includes retired Latin American sports stars landed an 80-year ground lease to develop a $275 million sports-themed mixed-use project in Homestead.  Last

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Ritz-Carlton developers moving forward with Lincoln Road streetscape plan
Business

Ritz-Carlton developers moving forward with Lincoln Road streetscape plan

August 6, 2025August 6, 2025

The developers of Ritz-Carlton Residences, South Beach are moving forward with plans to revamp a portion of Lincoln Road.  Miami Beach commissioners approved a resolution

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Billionaire Nelson Peltz takes out M mortgage on oceanfront Palm Beach estate
Business

Billionaire Nelson Peltz takes out $69M mortgage on oceanfront Palm Beach estate

August 6, 2025August 6, 2025

Billionaire investor Nelson Peltz and his wife, Claudia, took out a $68.5 million mortgage on their oceanfront Palm Beach estate known as Montsorrel. Records show

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