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Category: Business

Buying spree for grocery-anchored shopping centers propel South Florida’s retail market in third quarter
Business

Buying spree for grocery-anchored shopping centers propel South Florida’s retail market in third quarter

November 14, 2024November 14, 2024

South Florida’s retail market is in the midst of a buying spree for grocery-anchored shopping centers, buoyed by low single-digit vacancy rates and healthy asking

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Ecuadorian ex-official's son pleads guilty in connection to Odebrecht money laundering scheme involving Miami real estate
Business

Ecuadorian ex-official's son pleads guilty in connection to Odebrecht money laundering scheme involving Miami real estate

November 14, 2024November 14, 2024

The son of a former Ecuadorian government official pleaded guilty in connection to an alleged  $16.5 million international bribery scheme that funneled funds into Miami-Dade

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State attorney dismisses aggravated stalking charge against Patrick Carroll
Business

State attorney dismisses aggravated stalking charge against Patrick Carroll

November 14, 2024November 14, 2024

Patrick Carroll has one less criminal case to worry about after a Florida state attorney dismissed an aggravated stalking felony charge against him in his

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Car dealer sells sprawling Southwest Ranches estate for M
Business

Car dealer sells sprawling Southwest Ranches estate for $15M

November 14, 2024November 14, 2024

A Fort Lauderdale car dealer sold his 4.7-acre Southwest Ranches estate for $14.5 million, as demand and prices continue to trend upward in the luxe

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Beresford closing tops Palm Beach County weekly condo sales
Business

Beresford closing tops Palm Beach County weekly condo sales

November 14, 2024November 14, 2024

Palm Beach County’s condo sales and dollar volume fell last week. Brokers closed 65 condo sales totaling $27.8 million from Nov. 3rd to Nov. 10th.

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Two Roads joins Harvey Hernandez on three-tower Miami River project
Business

Two Roads joins Harvey Hernandez on three-tower Miami River project

November 13, 2024November 13, 2024

Two Roads Development is partnering with Harvey Hernandez’s firm on his planned One Brickell Riverfront project along the Miami River, The Real Deal has learned. 

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Condo buyer sues developer of Amrit project on Singer Island over association control
Business

Condo buyer sues developer of Amrit project on Singer Island over association control

November 13, 2024November 13, 2024

A buyer at Amrit Ocean Resort & Residences was promised peace and happiness when he purchased his condo at the wellness-oriented beachfront Singer Island development. 

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Developer drops M on waterfront Sunset Islands teardown
Business

Developer drops $21M on waterfront Sunset Islands teardown

November 13, 2024November 13, 2024

A developer dropped $21 million on a waterfront Sunset Islands teardown — and immediately listed it for rent for $30,000 a month. Records show Glenn

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Estate scores 0M refi for North Miami Beach apartment tower, as financing continues to flow 
Business

Estate scores $110M refi for North Miami Beach apartment tower, as financing continues to flow 

November 13, 2024November 13, 2024

Estate Companies landed a $110 million refinancing for its completed North Miami Beach apartment tower.  Los Angeles-based Ares Management provided the refinancing for the 23-story

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Abacus Capital pays M for 620-unit dev site in Palm Beach Gardens, amid record multifamily pipeline 
Business

Abacus Capital pays $33M for 620-unit dev site in Palm Beach Gardens, amid record multifamily pipeline 

November 13, 2024November 13, 2024

Abacus Capital Group paid $32.5 million for a multifamily development site within Catalfumo Companies’ mixed-use PGA Station project in Palm Beach Gardens.  New York-based Abacus

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