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Category: Business

Distressed Miami River dev site hits market with M asking price
Business

Distressed Miami River dev site hits market with $18M asking price

July 23, 2025July 23, 2025

A distressed Miami River development site tied to allegations of fraud hit the market again with a reduced asking price of $18 million. The 1.8-acre

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Brokerage boom: Engel & Völkers adds Miami Beach office, plans Coconut Grove relaunch
Business

Brokerage boom: Engel & Völkers adds Miami Beach office, plans Coconut Grove relaunch

July 23, 2025July 23, 2025

Engel & Völkers is expanding in Miami-Dade County. The brokerage is opening an office in Miami Beach’s South of Fifth neighborhood and planning to reopen

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When cash is king: Inside Spanish billionaire Amancio Ortega’s South Florida investments
Business

When cash is king: Inside Spanish billionaire Amancio Ortega’s South Florida investments

July 23, 2025July 23, 2025

Spanish billionaire Amancio Ortega is on a global summer shopping spree, making a splash in South Florida.  Ortega’s Ponte Gadea real estate investment family office

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M Boca Raton closing tops Palm Beach weekly condo sales 
Business

$6M Boca Raton closing tops Palm Beach weekly condo sales 

July 23, 2025July 23, 2025

Palm Beach County’s condo sales and dollar volume rose last week.  Brokers closed 77 condo sales totaling $34.3 million from July 14 to July 20.

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Fort Partners drops M on condo in its Seaway project in Surfside
Business

Fort Partners drops $25M on condo in its Seaway project in Surfside

July 22, 2025July 22, 2025

Nearly a year after closings began, Fort Partners dropped $24.5 million on a unit in its Seaway condo project in Surfside.  Records show HBV Seaway

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Raoul Thomas’ CGI racks up another foreclosure, could lose Miami Beach hotel
Business

Raoul Thomas’ CGI racks up another foreclosure, could lose Miami Beach hotel

July 22, 2025July 22, 2025

For the second time in two years, Raoul Thomas’ CGI Merchant Group could lose a South Florida hotel to foreclosure.  The legal action is the

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Integral plans 330 affordable and workforce housing units in Miami-Dade
Business

Integral plans 330 affordable and workforce housing units in Miami-Dade

July 22, 2025July 22, 2025

Integral Group plans 330 affordable and workforce housing units in two projects in Liberty City and Homestead. In Liberty City, Atlanta-based Integral wants to develop

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Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking 0M
Business

Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking $300M

July 22, 2025July 22, 2025

Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with

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Medac founder’s Palm Beach house asking M tops signed contracts
Business

Medac founder’s Palm Beach house asking $12M tops signed contracts

July 22, 2025July 22, 2025

Two listings in Palm Beach were the most expensive homes to find buyers in Palm Beach County last week.  Buyers signed eight contracts between July

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M Five Park PH tops Miami-Dade weekly condo sales
Business

$18M Five Park PH tops Miami-Dade weekly condo sales

July 22, 2025July 22, 2025

Miami-Dade County’s condo sales and dollar volume rose last week.  Brokers closed 85 condo sales totaling $89.2 million from July 14 to July 20. That’s

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