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Category: Business

Resi sales plunge in Miami Beach and barrier islands, as inventory grows across South Florida 
Business

Resi sales plunge in Miami Beach and barrier islands, as inventory grows across South Florida 

April 17, 2025April 17, 2025

Some South Florida residential markets continued to experience double-digit sales declines during the first quarter, while inventory rose across much of the tri-county region.  Miami

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Brokers Lyle Stern, Kerry Newman propose 400-unit Live Local Act project in Miami’s Allapattah
Business

Brokers Lyle Stern, Kerry Newman propose 400-unit Live Local Act project in Miami’s Allapattah

April 17, 2025April 17, 2025

Commercial real estate brokers Lyle Stern and Kerry Newman propose a 400-unit Live Local Act project in Miami’s Allapattah.  Stern and Newman, of Miami Beach-based

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Joe Carollo won’t face criminal charges for harassing Little Havana developer
Business

Joe Carollo won’t face criminal charges for harassing Little Havana developer

April 17, 2025April 17, 2025

Miami City Commissioner Joe Carollo won’t face jail time for allegedly stalking Little Havana developer Bill Fuller. On Tuesday, the Broward State Attorney’s public corruption

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Brookfield’s 0M CMBS loan in South Florida heads to special servicer
Business

Brookfield’s $260M CMBS loan in South Florida heads to special servicer

April 17, 2025April 17, 2025

Brookfield Asset Management still hasn’t figured out what to do about a maturing $260 million commercial mortgage-backed securities loan secured by a struggling South Florida

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Trafalgar Towers closing tops Broward weekly condo sales 
Business

Trafalgar Towers closing tops Broward weekly condo sales 

April 17, 2025April 17, 2025

Broward County’s condo sales and dollar volume fell last week.  Brokers closed 138 condo sales totaling $42.9 million from April 6 to April 13. The

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Judge dismisses lawsuit alleging Serhant Florida, agents stole trade secrets 
Business

Judge dismisses lawsuit alleging Serhant Florida, agents stole trade secrets 

April 16, 2025April 16, 2025

A 2023 lawsuit that alleged Ryan Serhant’s brokerage and two of its real estate agents stole trade secrets and violated their contracts with their former

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Ex-MLB player Alex Guerrero proposes 234-unit Live Local Act tower in Miami’s Wynwood Norte 
Business

Ex-MLB player Alex Guerrero proposes 234-unit Live Local Act tower in Miami’s Wynwood Norte 

April 16, 2025April 16, 2025

Former Los Angeles Dodgers player Alex Guerrero proposes a 234-unit Live Local Act tower in Miami’s Wynwood Norte neighborhood.  AG Wyn, managed by Guerrero and

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Blackstone unloads another South Florida property, sells office building for M
Business

Blackstone unloads another South Florida property, sells office building for $21M

April 16, 2025April 16, 2025

Blackstone continues to make its South Florida portfolio lighter, selling a Miami Lakes office building for $20.5 million. An affiliate of Blackstone, the New York-based

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Compass to lead condo sales at Witkoff, Blavatnik’s Belgrove in West Palm
Business

Compass to lead condo sales at Witkoff, Blavatnik’s Belgrove in West Palm

April 16, 2025April 16, 2025

Compass is leading condo sales at The Belgrove Resort & Spa, Witkoff and Len Blavatnik’s luxury resort development in West Palm Beach, The Real Deal

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Jeffrey Soffer’s Fontainebleau Miami Beach sues three brokerages over condo-hotel bookings
Business

Jeffrey Soffer’s Fontainebleau Miami Beach sues three brokerages over condo-hotel bookings

April 16, 2025April 16, 2025

A trio of brokerages are caught in the legal crosshairs of Jeffrey Soffer’s Fontainebleau Miami Beach.  The iconic oceanfront resort’s ownership entity, an affiliate of

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