Russell Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance paid $73 million for Galleria Fort Lauderdale, representing a significant discount off
Category: Business
Mainstreet at Tuttle developer averts foreclosure auction with bankruptcy filing
The owner of the mixed-use Mainstreet at Tuttle development site in Royal Palm Beach narrowly avoided a foreclosure auction by filing for bankruptcy. The courthouse
Workman Real Estate picks up another Miami-Dade warehouse, paying $16M for Miami facility
Workman Real Estate Ventures bought its fourth Miami-Dade industrial property, buying a Miami facility for $16 million. But the deal was almost derailed by an
Slowdown continues: South Florida resi sales, dollar volume drop in August
Residential sales and dollar volume dropped in South Florida in August, as the market continues to soften. Dollar volume in Miami-Dade, Broward and Palm Beach
Developer Sergio Pino’s widow, daughters allege Century Midtown transfers to his girlfriend were fraudulent: lawsuit
Sergio Pino’s widow, Tatiana, and their daughters filed a new lawsuit against Pino’s longtime mistress and others they claim were involved in allegedly fraudulent transfers
Compass, Anywhere deal will consolidate Miami market dominance
Compass’ plan to acquire Anywhere Real Estate for $1.6 billion would further consolidate the brokerages’ dominance in South Florida, where brands carry significant weight. Compass,
Seminole Tribe sues Lennar over allegedly defective homes across Florida
The Seminole Tribe of Florida is suing Lennar for allegedly building 465 defective homes on tribal land across Florida. In an amended Aug. 29 lawsuit
Masaveu owns most of Brickell block after $24M Wendy’s purchase
Masaveu Real Estate US has assembled almost an entire block in Miami’s Brickell neighborhood after paying $24 million for a Wendy’s restaurant. The American subsidiary
GTS founder Ari Rubenstein drops $15M on waterfront Palm Island home
Ari Rubenstein, the founder of financial services firm GTS, dropped $15 million on a waterfront Palm Island house in Miami Beach. Records show Rubenstein and
Ron DeSantis eyes Miami site next to Freedom Tower for Trump presidential library
Florida Gov. Ron DeSantis is eyeing a parking lot next to Miami’s Freedom Tower for a Donald Trump presidential library. The state’s top elected official