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Category: Business

Baywood scores approval for 124-key Hyatt House in Doral, amid uptick in hospitality project proposals
Business

Baywood scores approval for 124-key Hyatt House in Doral, amid uptick in hospitality project proposals

September 13, 2024September 13, 2024

Baywood Hotels scored approval for a 124-key Hyatt House hotel in Doral, amid an uptick in hospitality project proposals across South Florida.  The six-story building

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Location Ventures’ receiver seeks to sell Miami Beach dev site for M
Business

Location Ventures’ receiver seeks to sell Miami Beach dev site for $18M

September 13, 2024September 13, 2024

The receiver managing the assets of defunct firm Location Ventures wants permission to sell a Miami Beach development site for $17.5 million. Receiver Bernice Lee

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Lennar drops M on 38-acre Homestead site amid development spree 
Business

Lennar drops $17M on 38-acre Homestead site amid development spree 

September 13, 2024September 13, 2024

Lennar is continuing its Miami-Dade County shopping spree. The Miami-based homebuilder dropped $16.6 million on a 38.2-acre development site in Homestead. Records show Lennar bought

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Focus Healthcare drops M for Palm Beach County assisted living facility, as senior care deals continue
Business

Focus Healthcare drops $64M for Palm Beach County assisted living facility, as senior care deals continue

September 13, 2024September 13, 2024

Focus Healthcare Partners scooped up a 377-unit assisted living facility in Palm Beach County for $63.8 million, as South Florida senior care facilities continue to

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Maxx scoops up 145-unit apartment complex in Wilton Manors for M, amid multifamily investment sales slowdown
Business

Maxx scoops up 145-unit apartment complex in Wilton Manors for $47M, amid multifamily investment sales slowdown

September 13, 2024September 13, 2024

Maxx Properties scooped up a 145-unit apartment complex in Wilton Manors for $46.6 million, amid a South Florida multifamily investment sales slowdown.  The Purchase, New

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Artefacto’s Paulo Bacchi sells two waterfront Palm Island properties for M
Business

Artefacto’s Paulo Bacchi sells two waterfront Palm Island properties for $20M

September 13, 2024September 13, 2024

Artefacto owner Paulo Bacchi sold a pair of waterfront properties on Miami Beach’s Palm Island to concrete mogul Randall Edgar for a combined $20 million. 

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Miami-Dade departments getting new offices after 2M acquisition
Business

Miami-Dade departments getting new offices after $182M acquisition

September 12, 2024September 12, 2024

Miami-Dade County paid $182 million for a 1970s office complex that will house various departments. An affiliate of New York-based Bushburg Properties sold The Current

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Ansin family’s Sunbeam proposes nearly 3,000-unit resi project in Miramar, amid record apartment pipeline
Business

Ansin family’s Sunbeam proposes nearly 3,000-unit resi project in Miramar, amid record apartment pipeline

September 12, 2024September 12, 2024

The billionaire Ansin family proposes a massive mixed-use project with more than 2,800 residential units in Miramar, amid a record multifamily construction pipeline in South

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Infinity Collective evicts LuxUrban Hotels from South Beach building
Business

Infinity Collective evicts LuxUrban Hotels from South Beach building

September 12, 2024September 12, 2024

Infinity Collective is the latest Miami Beach landlord to give troubled hospitality firm LuxUrban Hotels the boot.  Last month, New York-based Infinity, led by Steve

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Palm Beach home sells for M, M markup in four years 
Business

Palm Beach home sells for $17M, $7M markup in four years 

September 12, 2024September 12, 2024

A non-waterfront Palm Beach home traded between two trusts for $17.1 million, marking a $6.8 million uptick in price from its last sale in 2020. 

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