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Category: Business

Aconcagua proposes 162-unit apartment building in Princeton, amid a development rush on south Miami-Dade
Business

Aconcagua proposes 162-unit apartment building in Princeton, amid a development rush on south Miami-Dade

February 7, 2025February 7, 2025

A developer proposes a 162-unit apartment project in Princeton, amid a continued rush on south Miami-Dade County.  Aconcagua Developers wants to build an eight-story building

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BH adds to portfolio, pays M for waterfront North Bay Village apartment complex
Business

BH adds to portfolio, pays $83M for waterfront North Bay Village apartment complex

February 7, 2025February 7, 2025

BH Group expanded its South Florida portfolio once again, dropping $83 million for a waterfront North Bay Village multifamily project. The Aventura-based firm acquired Wake

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Billionaire William Lauder finds buyer for oceanfront Palm Beach lots asking 8M
Business

Billionaire William Lauder finds buyer for oceanfront Palm Beach lots asking $178M

February 6, 2025February 6, 2025

Billionaire beauty heir William Lauder found a buyer for 2.3 oceanfront acres in Palm Beach asking $177.8 million, setting the stage for a potentially record-breaking

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La Clara condo owners in West Palm, allegedly “stripped” of promised luxury experience, sue development team
Business

La Clara condo owners in West Palm, allegedly “stripped” of promised luxury experience, sue development team

February 6, 2025February 6, 2025

Condo owners at La Clara in West Palm Beach were promised a luxurious experience with high-end finishes “smooth and free of imperfections.” But now they’re

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Poof! Judge dismisses foreclosure lawsuit against Masoud Shojaee 
Business

Poof! Judge dismisses foreclosure lawsuit against Masoud Shojaee 

February 6, 2025February 6, 2025

In one of the shortest lived foreclosure actions, City National Bank of Florida resolved a loan dispute with developer Masoud Shojaee in less than a

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Dealership expanding? Craig Zinn Automotive pays M for Hollywood church site near its Toyota sales centers
Business

Dealership expanding? Craig Zinn Automotive pays $15M for Hollywood church site near its Toyota sales centers

February 6, 2025February 6, 2025

Craig Zinn Automotive Group paid $14.5 million for a Hollywood church building that’s near its existing Toyota dealerships.  The Hollywood-based auto dealer, led by CEO

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Developer files for bankruptcy over North Miami Beach apartment tower dev site, amid dispute with lender 
Business

Developer files for bankruptcy over North Miami Beach apartment tower dev site, amid dispute with lender 

February 6, 2025February 6, 2025

Developer Celal Ozkan filed for bankruptcy on his North Miami Beach development site for a 341-unit apartment tower, marking the latest in his nearly yearlong

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The Palms closing tops Broward weekly condo sales 
Business

The Palms closing tops Broward weekly condo sales 

February 6, 2025February 6, 2025

Broward County’s condo sales and dollar volume rose last week. Brokers closed 118 condo sales totaling $50.1 million from Jan. 26 to Feb. 2. The

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Gils tap Chad Carroll to lead sales for luxury single-family community near Delray Beach
Business

Gils tap Chad Carroll to lead sales for luxury single-family community near Delray Beach

February 5, 2025February 5, 2025

Developers Yosi and Guy Gil tapped Compass agent Chad Carroll to lead sales for their planned 20-single-family home luxury project near Delray Beach. The Gils’

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Dead deal: Related Urban cancels mixed-use project at former Homestead city hall
Business

Dead deal: Related Urban cancels mixed-use project at former Homestead city hall

February 5, 2025February 5, 2025

After nearly four years of negotiations, Related Urban is backing out of a pending deal to partner with the city of Homestead on a major

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