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Category: Business

Sime Realty founders sell Medley industrial portfolio for M
Business

Sime Realty founders sell Medley industrial portfolio for $23M

August 6, 2025August 6, 2025

Real estate investors Scott and Belinda Sime sold a Miami-Dade County industrial portfolio for $22.7 million. An affiliate of Miami-based WREV, led by Tyler Workman,

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Billionaire Wayne Rothbaum sells second oceanfront Delray Beach lot for M
Business

Billionaire Wayne Rothbaum sells second oceanfront Delray Beach lot for $22M

August 6, 2025August 6, 2025

Billionaire Quogue Capital founder Wayne Rothbaum sold a second oceanfront lot in Delray Beach for $22 million, bringing his total sale to $44 million in

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Homestead approves 80-year lease for 5M sports-themed mixed-use project
Business

Homestead approves 80-year lease for $275M sports-themed mixed-use project

August 6, 2025August 6, 2025

A consortium that includes retired Latin American sports stars landed an 80-year ground lease to develop a $275 million sports-themed mixed-use project in Homestead.  Last

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Ritz-Carlton developers moving forward with Lincoln Road streetscape plan
Business

Ritz-Carlton developers moving forward with Lincoln Road streetscape plan

August 6, 2025August 6, 2025

The developers of Ritz-Carlton Residences, South Beach are moving forward with plans to revamp a portion of Lincoln Road.  Miami Beach commissioners approved a resolution

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Billionaire Nelson Peltz takes out M mortgage on oceanfront Palm Beach estate
Business

Billionaire Nelson Peltz takes out $69M mortgage on oceanfront Palm Beach estate

August 6, 2025August 6, 2025

Billionaire investor Nelson Peltz and his wife, Claudia, took out a $68.5 million mortgage on their oceanfront Palm Beach estate known as Montsorrel. Records show

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Palm Beach County condo sales surge to M 
Business

Palm Beach County condo sales surge to $37M 

August 6, 2025August 6, 2025

Palm Beach County’s condo sales and dollar volume surged last week. Brokers closed 94 condo sales totaling $37.1 million from July 28 to Aug. 3.

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Dubai hospitality firm buys Brickell City Centre dev site for M
Business

Dubai hospitality firm buys Brickell City Centre dev site for $45M

August 5, 2025August 5, 2025

Dubai-based hospitality firm Kerzner International bought a Brickell City Centre development site for $45 million.  The deal marks Swire Properties’ continued divestment of Brickell City

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Investment banker sells waterfront Key Biscayne home for M
Business

Investment banker sells waterfront Key Biscayne home for $32M

August 5, 2025August 5, 2025

Latin American investment banker Daniel Canel and his wife, Silvia Estela, sold their waterfront Key Biscayne home for $31.8 million.  The sale marks one of

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East Capital JV sells Hialeah warehouse, Homestead acreage for M
Business

East Capital JV sells Hialeah warehouse, Homestead acreage for $53M

August 5, 2025August 5, 2025

East Capital Partners and Vlietco Enterprises sold a recently completed Hialeah warehouse and 15 undeveloped acres near Homestead for $52.8 million. An affiliate of Martinez

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Integra offers M stalking horse bid for distressed Pembroke Pines condo complex
Business

Integra offers $21M stalking horse bid for distressed Pembroke Pines condo complex

August 5, 2025August 5, 2025

Integra Real Estate offered $20.5 million for a sprawling Pembroke Pines condo complex in receivership, setting the floor price for an upcoming auction of the

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