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Category: Business

Company linked to Canadian billionaire adds to waterfront Allison Island compound
Business

Company linked to Canadian billionaire adds to waterfront Allison Island compound

August 1, 2025August 1, 2025

A company linked to the family office of Canadian billionaire Lino Saputo paid $16.5 million for a waterfront teardown on Miami Beach’s Allison Island.  It

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Category Five buys Sunrise multifamily portfolio for M
Business

Category Five buys Sunrise multifamily portfolio for $32M

August 1, 2025August 1, 2025

Category Five Real Estate expanded its multifamily holdings after paying $32.3 million for a Broward County portfolio. Aventura-based Category Five, led by brothers Leon and

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Nora developers plan 122 condos, 350 apartments at West Palm Beach district
Business

Nora developers plan 122 condos, 350 apartments at West Palm Beach district

August 1, 2025August 1, 2025

Nora District developers plan a 122-unit condo building and a 350-unit apartment building, marking the first residential development at the mixed-use downtown West Palm Beach

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DWS’ Todd Henderson on shedding offices, investing in multifamily and single-family rentals 
Business

DWS’ Todd Henderson on shedding offices, investing in multifamily and single-family rentals 

August 1, 2025August 1, 2025

German asset manager DWS Group and its U.S. real estate subsidiary Rreef are on an office selling spree, especially in South Florida.   In February, Frankfurt-based

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Fannie Mae seeks M foreclosure against North Miami apartment building owner
Business

Fannie Mae seeks $4M foreclosure against North Miami apartment building owner

August 1, 2025August 1, 2025

Fannie Mae filed a foreclosure complaint against the owner of a North Miami apartment building. On July 25, Fannie Mae, led by CEO Priscilla Almodovar,

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Spanish developer scores final approval for 4K-unit Live Local Act project –– South Florida’s biggest
Business

Spanish developer scores final approval for 4K-unit Live Local Act project –– South Florida’s biggest

August 1, 2025August 1, 2025

A Spanish developer scored final approval for a 4,032-unit Live Local Act project in West Little River.  The complex marks the biggest South Florida development

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Newly minted AI billionaire Daniel Nadler drops M on Surf Club Four Seasons PH 
Business

Newly minted AI billionaire Daniel Nadler drops $38M on Surf Club Four Seasons PH 

July 31, 2025July 31, 2025

Just weeks after officially joining the billionaires club, AI founder Daniel Nadler dropped $38.2 million on a fully furnished penthouse at Four Seasons Residences at

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Marius Fortelni lands M loan for Jupiter townhouse project
Business

Marius Fortelni lands $60M loan for Jupiter townhouse project

July 31, 2025July 31, 2025

Marius Fortelni’s Forté Development landed a $60 million construction loan for his planned waterfront townhouse project in Jupiter. Kriss Capital, a New York-based lender helmed

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Alex Sapir, partners re-list Miami Opportunity Zone site for M
Business

Alex Sapir, partners re-list Miami Opportunity Zone site for $38M

July 31, 2025July 31, 2025

Alex Sapir’s firm and its partners are re-listing their 1.5-acre assemblage in Miami’s Edgewater neighborhood for $38 million.  An affiliate of Israel-based Sapir Corp., which

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Cabot expands South Florida portfolio, pays M for Pompano Beach warehouse
Business

Cabot expands South Florida portfolio, pays $39M for Pompano Beach warehouse

July 31, 2025July 31, 2025

Cabot Properties bought a Pompano Beach distribution center for $38.7 million, expanding its industrial holdings in South Florida. An affiliate of Boston-based Cabot, led by

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