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Category: Business

Applied Underwriters co-founder sells oceanfront Highland Beach mansion for M
Business

Applied Underwriters co-founder sells oceanfront Highland Beach mansion for $27M

May 15, 2025May 15, 2025

Sidney Ferenc, the co-founder of Applied Underwriters, sold his oceanfront Highland Beach mansion for $27.1 million. Records show Ferenc sold the home at 2363 South

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Late financier’s Palm Beach house sells for M, down from M asking price
Business

Late financier’s Palm Beach house sells for $18M, down from $24M asking price

May 15, 2025May 15, 2025

The family of the late financier George Summers sold his Palm Beach house for $17.5 million, after it hit the market asking $24 million in

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“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach
Business

“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach

May 15, 2025May 15, 2025

An unforeseen construction defect will significantly delay the planned Bulgari hotel project in Miami Beach. On Tuesday, the Miami Beach Historic Preservation Board approved modifications

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Developer proposes 192-unit apartment project with workforce rentals in Naranja
Business

Developer proposes 192-unit apartment project with workforce rentals in Naranja

May 15, 2025May 15, 2025

A developer proposes a 192-unit apartment project with workforce rentals in Naranja.  Entities tied to Coinco Investment filed an application to develop three four-story buildings

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Yacht-zee! Miki Naftali's boat broker awarded 0K in commission dispute
Business

Yacht-zee! Miki Naftali's boat broker awarded $800K in commission dispute

May 15, 2025May 15, 2025

A jury awarded more than $800,000 to yacht broker Scott Goldsworthy in a commission dispute involving developer Miki Naftali.  Goldsworthy sued Naftali and Italian megayacht

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Broward weekly condo sales volume sinks to M
Business

Broward weekly condo sales volume sinks to $38M

May 15, 2025May 15, 2025

Broward County’s condo sales and dollar volume dropped last week, with the average sale price falling as well. Brokers closed 115 condo sales totaling $37.5

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That’s a wrap: Frozen burrito inventor drops M on oceanfront Palm Beach mansion
Business

That’s a wrap: Frozen burrito inventor drops $49M on oceanfront Palm Beach mansion

May 14, 2025May 14, 2025

That’s a wrap: After three months on the market, an oceanfront Palm Beach estate sold for $48.5 million to the inventor of the frozen burrito.

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Oceanfront Lost Tree Village estate in North Palm Beach sells for record M
Business

Oceanfront Lost Tree Village estate in North Palm Beach sells for record $55M

May 14, 2025May 14, 2025

Canadian baby products mogul Maurice Pinsonnault sold an oceanfront estate in North Palm Beach’s gated Lost Tree Village for $55 million, marking the most expensive

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Edens pays M for Davie shopping center with a big box vacancy
Business

Edens pays $51M for Davie shopping center with a big box vacancy

May 14, 2025May 14, 2025

Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean,

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D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade
Business

D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade

May 14, 2025May 14, 2025

D.R. Horton proposes a 247-unit residential development in south Miami-Dade County.  The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest

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