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Category: Business

Billionaire developer Steve Ross buying nearly half of Miami Open 
Business

Billionaire developer Steve Ross buying nearly half of Miami Open 

July 1, 2025July 1, 2025

Billionaire Steve Ross is buying a stake in the Miami Open, marking the real estate mogul’s continued investment in South Florida sports.  The 85-year-old is

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Related, Dezer and BH complete Sunny Isles buyout for planned condo tower
Business

Related, Dezer and BH complete Sunny Isles buyout for planned condo tower

July 1, 2025July 1, 2025

A trio of real estate heavyweights closed on the remaining units at an aging condo complex in Sunny Isles Beach for $131.8 million, after more

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Enrique Iglesias is assembling land across from his Bay Point compound in Miami
Business

Enrique Iglesias is assembling land across from his Bay Point compound in Miami

July 1, 2025July 1, 2025

A company tied to Enrique Iglesias added to his and his partner, retired tennis star Anna Kournikova’s compound in Miami’s Bay Point.  Records show an

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M Admirals Cove mansion tops Palm Beach County signed contracts
Business

$10M Admirals Cove mansion tops Palm Beach County signed contracts

July 1, 2025July 1, 2025

Palm Beach County’s buyers are on summer vacation, and they’re signing fewer contracts for luxury homes. Buyers signed just seven contracts between June 23 and

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Il Villaggio closing tops Miami-Dade weekly condo sales
Business

Il Villaggio closing tops Miami-Dade weekly condo sales

July 1, 2025July 1, 2025

Miami-Dade County’s condo sales and dollar volume plunged last week, following a mid-month market surge.  Brokers closed 84 condo sales totaling $60.1 million from June

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Inside financier Forman Capital’s playbook amid private lending boom
Business

Inside financier Forman Capital’s playbook amid private lending boom

July 1, 2025July 1, 2025

Late last year, a developer needed a hefty loan to get started on a 15-story condo tower in Naples. Prospects were grim.  Banks had retrenched

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Ex-basketball player Raanan Katz keeps growing his South Florida retail empire
Business

Ex-basketball player Raanan Katz keeps growing his South Florida retail empire

July 1, 2025July 1, 2025

Those who can’t ball anymore, make it their logo. Raanan Katz loves basketball and shopping centers. But the 89-year-old Israeli-born retail investor is no longer

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The Closing: Jon Paul Pérez
Business

The Closing: Jon Paul Pérez

July 1, 2025July 1, 2025

Jon Paul Pérez assumed that he would start working at his father’s company, the Related Group, shortly after graduating from college.  It made sense. He

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Winners and losers emerge in South Florida’s condo boom
Business

Winners and losers emerge in South Florida’s condo boom

July 1, 2025July 1, 2025

If you want to know if the South Florida housing market is doing okay, a Magic 8 Ball might give you as clear an answer

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Michael Stern’s JDS wins final OK on upzoning for South Beach high-rise
Business

Michael Stern’s JDS wins final OK on upzoning for South Beach high-rise

June 30, 2025June 30, 2025

Developer Michael Stern’s JDS Development Group notched a major win with the upzoning of a property in South Beach, where he plans a bayfront luxury

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