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Category: Business

Receiver sells alleged predatory lender’s Jupiter home after her husband’s RICO sentencing
Business

Receiver sells alleged predatory lender’s Jupiter home after her husband’s RICO sentencing

June 13, 2025June 13, 2025

The Jupiter home of alleged predatory lender and fraudster Lisa McElhone sold out of receivership for $12.2 million.  The sale is part of a years-long

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Realty Income sells West Palm car lot for M to Jon Samuel
Business

Realty Income sells West Palm car lot for $24M to Jon Samuel

June 13, 2025June 13, 2025

Miami-based investor Jon Samuel paid $24 million for a shuttered car lot in West Palm Beach that was the former headquarters of a defunct auto

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Here’s the real picture of South Florida’s housing market 
Business

Here’s the real picture of South Florida’s housing market 

June 13, 2025June 13, 2025

Residential broker Erin Sykes recently reduced the price on a condo she listed at the Regency of Palm Beach, a 60-year-old oceanfront building.  The 1,358-square-foot

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Argentine developers propose 25-story Goulds tower –– area’s tallest –– under Live Local Act
Business

Argentine developers propose 25-story Goulds tower –– area’s tallest –– under Live Local Act

June 13, 2025June 13, 2025

An Argentine real estate firm wants to develop a 25-story Live Local Act multifamily tower in Goulds, marking the tallest proposed building in the south

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Lennar advances plan to build 50 townhouses in Wilton Manors
Business

Lennar advances plan to build 50 townhouses in Wilton Manors

June 13, 2025June 13, 2025

Lennar expects to break ground by year-end on 50 townhouses in Wilton Manors and sell them at prices starting above $800,000. The Wilton Manors City

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Amazon expands planned Wynwood office to 76K sf
Business

Amazon expands planned Wynwood office to 76K sf

June 12, 2025June 12, 2025

Amazon expanded its planned office in Miami’s Wynwood, The Real Deal has learned, re-invigorating a push to turn the neighborhood into a tech mecca.  Jeff

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Ex-Hearst Magazines boss Cathie Black buys, sells Palm Beach homes in deals totaling M
Business

Ex-Hearst Magazines boss Cathie Black buys, sells Palm Beach homes in deals totaling $30M

June 12, 2025June 12, 2025

In a case of island home-hopping, media mogul Cathie Black and her husband, Thomas Harvey, sold their Palm Beach house for $18 million in an

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Seritage sells shuttered Sears in Boca Raton to Simon for M
Business

Seritage sells shuttered Sears in Boca Raton to Simon for $23M

June 12, 2025June 12, 2025

Simon Property Group finalized its takeover of a shuttered Sears store at Town Center at Boca Raton in Palm Beach County. An affiliate of Indianapolis-based

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Oakland A’s pitcher buys Pinecrest mansion
Business

Oakland A’s pitcher buys Pinecrest mansion

June 12, 2025June 12, 2025

Major League Baseball pitcher Luis Severino paid $10.7 million for a home under construction in Pinecrest.  Severino, who plays for the Oakland Athletics, and his

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Boca Raton approves 289-unit mixed-income apartment project
Business

Boca Raton approves 289-unit mixed-income apartment project

June 12, 2025June 12, 2025

Developers can move forward with plans to build a seven-story, 289-unit mixed-income apartment building with workforce and affordable housing in Boca Raton, where a hotel

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