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Category: Business

Repo king sells waterfront Fort Lauderdale mansion to Michael Andretti for M
Business

Repo king sells waterfront Fort Lauderdale mansion to Michael Andretti for $27M

August 11, 2025August 11, 2025

Retired racing driver Michael Andretti paid $27.4 million for a waterfront compound in Fort Lauderdale, marking one of the priciest home sales in the city

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AIDS Health Foundation drops M for Miami Gardens hotel in all-cash deal
Business

AIDS Health Foundation drops $24M for Miami Gardens hotel in all-cash deal

August 11, 2025August 11, 2025

In an all-cash deal, a Los Angeles-based organization that provides affordable housing to individuals diagnosed with HIV and AIDS bought an aging Miami Gardens hotel

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Convicted baby formula fraudster’s waterfront Golden Beach home finds buyer
Business

Convicted baby formula fraudster’s waterfront Golden Beach home finds buyer

August 11, 2025August 11, 2025

The penthouse at Regalia, a luxury condo tower in Sunny Isles Beach, finally secured a buyer, topping luxury residential sales activity last week across Miami-Dade

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Jenny Bernell’s Clearline scores M construction loan for 310-unit Wynwood apartment project 
Business

Jenny Bernell’s Clearline scores $89M construction loan for 310-unit Wynwood apartment project 

August 11, 2025August 11, 2025

Jenny Bernell’s Clearline Real Estate scored an $89 million construction loan for a 310-unit apartment project in Wynwood.  Clearline will start construction of the 12-story

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Lease roundup: Ideal Nutrition opens in Fort Lauderdale, Bridge Industrial scores tenant in Doral
Business

Lease roundup: Ideal Nutrition opens in Fort Lauderdale, Bridge Industrial scores tenant in Doral

August 11, 2025August 11, 2025

Ideal Nutrition | Fort Lauderdale  Ideal Nutrition opened a store in downtown Fort Lauderdale, as part of its statewide expansion.    The healthy meal delivery

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Movers & Shakers: Marcus & Millichap taps Max Beyderman in Fort Lauderdale office
Business

Movers & Shakers: Marcus & Millichap taps Max Beyderman in Fort Lauderdale office

August 11, 2025August 11, 2025

In the latest roundup of South Florida real estate hiring news, Marcus & Millichap added a commercial finance specialist to its ranks. Marcus & Millichap

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The Weekly Dirt: Is the B American Dream Miami too big to fail?
Business

The Weekly Dirt: Is the $4B American Dream Miami too big to fail?

August 10, 2025August 10, 2025

The Ghermezian family is still chasing the American Dream in Miami.  To the average person, it seems like the planned $4 billion, 6 million-square-foot entertainment

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Paul Cejas plans Lincoln Road apartment project
Business

Paul Cejas plans Lincoln Road apartment project

August 8, 2025August 8, 2025

Paul Cejas, the chairman of PLC Investments and ambassador to Belgium under Bill Clinton, is planning an apartment project on Lincoln Road. Cejas’ proposal for

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Acre scores M refi for Miami waterfront multifamily project
Business

Acre scores $72M refi for Miami waterfront multifamily project

August 8, 2025August 8, 2025

Acre landed a $72 million refinancing for a 236-unit multifamily project on Miami’s waterfront. Nuveen Real Estate, part of TIAA, provided the three-year, floating-rate loan

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Havenpark, PGIM Real Estate pay M mobile home park near Greenacres
Business

Havenpark, PGIM Real Estate pay $28M mobile home park near Greenacres

August 8, 2025August 8, 2025

A manufactured homes firm and PGIM Real Estate bought a mobile home community with 377 homesites near Greenacres for $28.1 million.  Orem, Utah-based Havenpark Communities

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