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Category: Business

Developer buys renovated Boca Raton mansion for M, as busy season heats up
Business

Developer buys renovated Boca Raton mansion for $16M, as busy season heats up

February 28, 2025February 28, 2025

Developer Mitchell Robbins bought a renovated waterfront Boca Raton mansion for $16.2 million, as South Florida real estate’s busy season hits its stride.  Records show

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Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Business

Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group

February 28, 2025February 28, 2025

Investor Raoul Thomas is having a hard time stemming the collapse of his commercial real estate portfolio. Recently, Thomas’ CGI Merchant Group lost its Coconut

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Oceanfront Lost Tree Village house sells for record M, latest Palm Beach County pricey deal
Business

Oceanfront Lost Tree Village house sells for record $32M, latest Palm Beach County pricey deal

February 27, 2025February 27, 2025

An oceanfront house in North Palm Beach’s Lost Tree Village sold for $31.9 million, making it the most expensive home ever sold in the gated

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Alexander twins, Ohad Fisherman could be tried together in state rape case as early as May
Business

Alexander twins, Ohad Fisherman could be tried together in state rape case as early as May

February 27, 2025February 27, 2025

Oren and Alon Alexander could have a joint trial on state rape charges, alongside family friend Ohad Fisherman, as early as May.   Oren, a former

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White Oak scores M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang
Business

White Oak scores $67M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang

February 27, 2025February 27, 2025

White Oak Development scored a $67 million construction loan for a 286-unit apartment project in Davie.  Coral Springs-based White Oak and Los Angeles-based Ares Management

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Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
Business

Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal

February 27, 2025February 27, 2025

A lender for Nightingale Properties is the new owner of a Miami Beach building that played a leading role in the downfall of Nightingale CEO

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Doug Levine cashes out of another Wynwood project, sells office condos for M
Business

Doug Levine cashes out of another Wynwood project, sells office condos for $24M

February 27, 2025February 27, 2025

Crunch Fitness founder Doug Levine is burning more weight off his commercial portfolio in Miami’s Wynwood neighborhood.  Levine, who leads Miami Beach-based Big Move Properties,

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100 Las Olas closing tops Broward weekly condo sales 
Business

100 Las Olas closing tops Broward weekly condo sales 

February 27, 2025February 27, 2025

Broward County’s condo sales and dollar volume rose last week.  Brokers closed 101 condo sales totaling $32.6 million from Feb. 16 to Feb. 23. The

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Florida bill would scrap Citizens insurance for condo associations that fail safety rules, boost financial transparency over condo-hotels
Business

Florida bill would scrap Citizens insurance for condo associations that fail safety rules, boost financial transparency over condo-hotels

February 26, 2025February 26, 2025

Florida Rep. Vicki Lopez filed a bill that would limit the state’s insurer of last resort, Citizens Property Insurance, to condo associations that are abiding

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Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for M 
Business

Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for $44M 

February 26, 2025February 26, 2025

Walton Street Capital and Lincoln Property Company are gunning for Broward County industrial sites, paying $43.7 million for a Weston warehouse four months after acquiring

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