Asking dollar volume for signed contracts in Palm Beach County surged last week, rallying to a late summer high. Buyers signed 18 contracts between Aug.
Category: Business
Steve Ross-backed Wellington private school to open in 2028
A private school planned for Wellington’s K-Park and backed by billionaire Related Ross Chairman Steve Ross is set to open to students in 2028. Wingrove
Ex-Advanta CEO sells Hillsboro Beach mansion for $27M
Ex-Advanta CEO Dennis Alter sold his oceanfront Hillsboro Beach mansion for $27.1 million, The Real Deal has learned. Alter sold the home at 1111 Hillsboro
AvalonBay drops $98M for 270-unit apartment complex in Coconut Creek
AvalonBay Communities bought a 270-unit apartment complex in Coconut Creek for $98.3 million, marking an uptick in South Florida multifamily investment sales. Arlington, Virginia-based AvalonBay
Ophthalmologist’s pending sale of Venetian Islands house tops slow week of signed contracts
The summer slowdown hit especially hard last week for luxury residential properties across Miami-Dade County. Buyers signed nine contracts between Aug. 11 and Aug. 17,
Lease roundup: Ultra Padel opening in Midtown Miami, Ugo Colombo lands Italian restaurant at Grove Isle condo project
Ultra Club Midtown | Miami A 2-acre padel club will open at a planned $2 billion mixed-use development at Midtown Miami, reportedly marking the largest
Movers & Shakers: United Capital taps Adam Lipkin as managing director
In the latest roundup of South Florida real estate hiring news, firms tapped new leaders and brokers made moves. Miami Beach-based United Capital tapped Adam
The Weekly Dirt: Developers bail on South Florida’s multifamily boom
The cycle for new multifamily construction is ending, and owners of multifamily development sites are looking for an out. It makes sense. Many developers are
Meta Development scores $28M loan to build Coconut Grove condos
Meta Development scored a $28M construction loan to build Opus, a planned 12-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing
Warren Buffett’s Berkshire Hathaway invests nearly $800M in homebuilding giant Lennar
Warren Buffett’s Berkshire Hathaway made a major investment in Miami-based homebuilding giant Lennar, purchasing over 7 million shares for nearly $800 million in the first