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Category: Business

Summer slowdown: Miami weekly condo sales slump to M
Business

Summer slowdown: Miami weekly condo sales slump to $68M

June 17, 2025June 17, 2025

Miami-Dade County’s condo sales and dollar volume dropped in the second week of June, as the summer slowdown begins.  Brokers closed 89 condo sales totaling

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Partner accuses Canero Group of “fraudulent scheme” involving Miami-Dade projects
Business

Partner accuses Canero Group of “fraudulent scheme” involving Miami-Dade projects

June 17, 2025June 17, 2025

A fallout between Canero Group’s principals and a high-profile partner has sparked allegations of fraud and mismanagement involving six projects in Miami and Homestead.  Justin

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Spec developer Steve Bendat sells waterfront West Palm Beach home for M, down from M asking
Business

Spec developer Steve Bendat sells waterfront West Palm Beach home for $28M, down from $40M asking

June 17, 2025June 17, 2025

Spec developer Steve Bendat’s Aquantis Group sold a waterfront spec home in West Palm Beach for $28.2 million. Records show an Aquantis affiliate sold the

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Melo plans 1,600 resi units in two Edgewater projects, Bazbaz proposes its second Miami Live Local Act tower 
Business

Melo plans 1,600 resi units in two Edgewater projects, Bazbaz proposes its second Miami Live Local Act tower 

June 16, 2025June 16, 2025

A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could

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Griffis drops M for downtown West Palm apartment tower
Business

Griffis drops $87M for downtown West Palm apartment tower

June 16, 2025June 16, 2025

Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million.  The deal marks a slight uptick in South Florida multifamily

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Real estate investor finds buyer for M Gables Estates mansion
Business

Real estate investor finds buyer for $47M Gables Estates mansion

June 16, 2025June 16, 2025

Real estate investor Rafael Perez secured a buyer for his waterfront Gables Estates mansion, asking $47 million.  The pending sale led last week’s Eklund-Gomes report. 

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Aerospace power couple sells 10-acre Davie estate for record M
Business

Aerospace power couple sells 10-acre Davie estate for record $26M

June 16, 2025June 16, 2025

A massive estate in Davie sold for $25.5 million, marking a record for home sales in the western Broward County town.  Laurent and Laure Parelle

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Lease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral
Business

Lease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral

June 16, 2025June 16, 2025

Alo Yoga, Massimo Dutti, Vuori | Miami  Swire Properties’ Brickell City Centre scored eight tenants.  In the biggest lease, global fashion label Massimo Dutti will

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Movers & Shakers: Bainbridge Companies taps facilities VP
Business

Movers & Shakers: Bainbridge Companies taps facilities VP

June 16, 2025June 16, 2025

In the latest roundup of South Florida real estate hiring news, firms made leadership moves. Wellington-based Bainbridge Companies hired Kevin Kochersperger as vice president of

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How South Florida builders are prepping for hurricane season
Business

How South Florida builders are prepping for hurricane season

June 16, 2025June 16, 2025

Hurricane season is on, and South Florida’s real estate industry is preparing. Hundreds of projects are under construction across the region, and all are at

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