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Category: Business

Miami-Dade cracks down on 800-plus restaurants that failed to collect 1% sales tax
Business

Miami-Dade cracks down on 800-plus restaurants that failed to collect 1% sales tax

June 4, 2025June 4, 2025

Denise Yaniz, owner of Kendall restaurant Sushi2Mee, experienced a seismic jolt to her business six months ago. On top of tacking Florida’s 7 percent sales

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Bridge Industrial scores M refi for warehouse complex near Miami-Opa locka Executive Airport
Business

Bridge Industrial scores $78M refi for warehouse complex near Miami-Opa locka Executive Airport

June 4, 2025June 4, 2025

Bridge Industrial scored a $77.6 million refinancing for its warehouse complex near the Miami-Opa locka Executive Airport.  State Farm Life Insurance Company provided the loan

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Redwood Dev Co drops M on Lennar townhomes
Business

Redwood Dev Co drops $80M on Lennar townhomes

June 4, 2025June 4, 2025

David Burstyn and Brian Sidman’s Redwood Dev Co bought 223 newly built townhomes in two projects for $80 million. Miami Beach-based Redwood bought the 174-unit

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Palm Beach County weekly condo sales surge to M
Business

Palm Beach County weekly condo sales surge to $63M

June 4, 2025June 4, 2025

Palm Beach County’s condo sales and dollar volume rose in the last week of May.  Brokers closed 129 condo sales totaling $62.6 million from May

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Miami-Dade’s taxable property values reach 2B, as growth slows
Business

Miami-Dade’s taxable property values reach $512B, as growth slows

June 3, 2025June 3, 2025

Taxable property values in Miami-Dade keep growing, but momentum is easing — and condos are dragging down the market, according to the property appraiser’s latest

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Barry Sternlicht’s Starwood sells West Palm retail center for 3M
Business

Barry Sternlicht’s Starwood sells West Palm retail center for $133M

June 3, 2025June 3, 2025

Barry Sternlicht’s Starwood Capital Group sold a Whole Foods-anchored shopping center in West Palm Beach for $133.2 million. An affiliate of Atlanta-based Invesco purchased The

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Grover Corlew scores M construction loan for 312-unit apartment project in Fort Lauderdale 
Business

Grover Corlew scores $92M construction loan for 312-unit apartment project in Fort Lauderdale 

June 3, 2025June 3, 2025

Grover Corlew scored a $92 million construction loan for a 312-unit apartment project in Fort Lauderdale.  The deal comes as lending continues to flow in

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Mansion in Boca Raton’s most expensive neighborhood sells for M
Business

Mansion in Boca Raton’s most expensive neighborhood sells for $32M

June 3, 2025June 3, 2025

A family that made its fortune in perfumes sold their late mother’s waterfront Boca Raton mansion for $31.5 million in an off-market deal. It marks

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Indefinitely deferred: Massive Little Haiti project remains mysteriously pending for four years
Business

Indefinitely deferred: Massive Little Haiti project remains mysteriously pending for four years

June 3, 2025June 3, 2025

Four years ago, Justin Podolsky’s proposed massive mixed-use project in Miami’s Little Haiti overcame a major hurdle.  The 5.9 million-square-foot development made it past a

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M Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 
Business

$20M Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 

June 3, 2025June 3, 2025

Miami-Dade County’s condo sales and dollar volume surged in the last week of May. Brokers closed 129 condo sales totaling $151.4 million from May 23

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