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Category: Business

Palm Beach County weekly condo sales surge to 3M, fueled by Alina Residences   
Business

Palm Beach County weekly condo sales surge to $103M, fueled by Alina Residences   

May 21, 2025May 21, 2025

Palm Beach County’s condo sales and dollar volume surged last week, fueled by closings at Alina Residences in Boca Raton. Brokers closed 127 condo sales

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Alden Global-linked entity sells waterfront North Bay Road spec home for M
Business

Alden Global-linked entity sells waterfront North Bay Road spec home for $30M

May 20, 2025May 20, 2025

An entity linked to the hedge fund Alden Global Capital sold a waterfront spec house on Miami Beach’s North Bay Road for $29.5 million. 4774

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Canero completes Coconut Grove condo buyout 
Business

Canero completes Coconut Grove condo buyout 

May 20, 2025May 20, 2025

Jose Canero’s Canero Group paid $17.3 million to acquire all the units in a Coconut Grove condo building.  Property records show Canero affiliate WNG Miami

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Developer proposes 42-unit condo project with workforce units in Kendall
Business

Developer proposes 42-unit condo project with workforce units in Kendall

May 20, 2025May 20, 2025

A developer proposes a 42-unit condo project with workforce units in Kendall, amid a flurry of proposals for below-market rate housing in South Florida.  An

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PMG again looks to attract crypto condo buyers
Business

PMG again looks to attract crypto condo buyers

May 20, 2025May 20, 2025

PMG is jumping back into the cryptocurrency buyer pool via a collaboration with Shift4, a payment processing company.  Miami-based PMG is offering the option to

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Giuseppe Iadisernia scores 2M construction loan for second Hallandale Beach condo tower
Business

Giuseppe Iadisernia scores $112M construction loan for second Hallandale Beach condo tower

May 20, 2025May 20, 2025

Developer Giuseppe Iadisernia scored a $112 million construction loan for the east tower of his planned Oasis Hallandale condo development, bringing his total financing for

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Miami-Dade weekly condo sales hit 4M, Fisher Island deal tops closings
Business

Miami-Dade weekly condo sales hit $124M, Fisher Island deal tops closings

May 20, 2025May 20, 2025

Miami-Dade County’s condo sales and dollar volume rose last week, despite a drop in the average sale price.  Brokers closed 127 condo sales totaling $123.7

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Miami Worldcenter developers list retail for sale, seek over 0M
Business

Miami Worldcenter developers list retail for sale, seek over $300M

May 19, 2025May 19, 2025

Miami Worldcenter Associates listed the retail component of the mixed-use downtown Miami development for sale, The Real Deal has learned.  The developer, a joint venture

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Gencom, Fortune land 0M refi for Key Biscayne Grand Bay project
Business

Gencom, Fortune land $300M refi for Key Biscayne Grand Bay project

May 19, 2025May 19, 2025

Karim Alibhai’s Gencom and Edgardo DeFortuna’s Fortune International Group are teaming up to combine two Key Biscayne waterfront sites, consisting of a Ritz-Carlton hotel and

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Hot stuff: Envision Cold enters Florida by picking up West Little River freezer facilities for M
Business

Hot stuff: Envision Cold enters Florida by picking up West Little River freezer facilities for $47M

May 19, 2025May 19, 2025

Envision Cold made its first Florida commercial real estate play, paying $47.2 million for a freezer facility complex in West Little River. An affiliate of

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