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Category: Business

Mexican REIT bosses buy Estates at Acqualina condo for M
Business

Mexican REIT bosses buy Estates at Acqualina condo for $20M

September 10, 2024September 10, 2024

The heads of Mexico’s largest real estate investment trust dropped $20 million on an Estates at Acqualina condo in Sunny Isles Beach.  Records show Estatemann

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Pricey digs: A look at the most expensive condo rentals in Miami-Dade
Business

Pricey digs: A look at the most expensive condo rentals in Miami-Dade

September 10, 2024September 10, 2024

A penthouse at the oceanfront Faena House is renting out for $135,000 a month, marking the most expensive condo rental in Miami-Dade County since 2021. 

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Acre scores controversial upzoning approval for 337-unit rental project near MiMo’s Legion park 
Business

Acre scores controversial upzoning approval for 337-unit rental project near MiMo’s Legion park 

September 10, 2024September 10, 2024

A developer scored approval for a controversial upzoning for a 337-unit apartment project adjacent to Miami’s Legion Memorial Park, despite vehement pushback from neighbors.   The

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Broward condo sales volume drops in August to 3M
Business

Broward condo sales volume drops in August to $253M

September 10, 2024September 10, 2024

Broward County’s condo sales dollar volume and price per square foot slid in August. August condo sales totaled $253 million, falling from $261 million in

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Related, Integra JV pays 0M for waterfront St. Regis Brickell site
Business

Related, Integra JV pays $100M for waterfront St. Regis Brickell site

September 9, 2024September 9, 2024

Integra Investments sold the St. Regis Residences, Miami development site to a joint venture it formed with the Related Group.  Downtown Miami-based Integra, led by

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Gus Machado’s family sells late car dealer’s longtime Hialeah dealership for M
Business

Gus Machado’s family sells late car dealer’s longtime Hialeah dealership for $19M

September 9, 2024September 9, 2024

Gus Machado Ford in Hialeah is no longer owned by the late car dealer’s family, which sold the auto retailer site for $19.3 million. A

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Health care app owner nabs buyer for M Fisher Island townhouse
Business

Health care app owner nabs buyer for $20M Fisher Island townhouse

September 9, 2024September 9, 2024

Buyers signed contracts for four luxury homes and condos last week, a major drop-off during the holiday week.  Health care app owner Tony Hai and

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Lease roundup: Pipeline Workspaces renews Coral Gables office, French bakery opening in Kendall 
Business

Lease roundup: Pipeline Workspaces renews Coral Gables office, French bakery opening in Kendall 

September 9, 2024September 9, 2024

Pipeline Workspaces | Coral Gables  Co-working and shared office space provider Pipeline Workspaces is staying put in Coral Gables.  Miami-based Pipeline renewed its 14,000-square-foot lease

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Palm Beach County condo sales volume drops in August to 3M
Business

Palm Beach County condo sales volume drops in August to $233M

September 9, 2024September 9, 2024

Palm Beach County’s condo sales slid last month, with total dollar volume and sales both dropping. August condo sales totaled $233 million, falling from $301

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Movers & Shakers: Bobby Jones jumps from Compass to Elliman
Business

Movers & Shakers: Bobby Jones jumps from Compass to Elliman

September 9, 2024September 9, 2024

In the latest roundup of South Florida real estate hiring news, firms continue to bulk up their teams. Longtime Compass agent Bobby Jones jumped to

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