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Category: Business

Coal heir buys West Palm Beach condo for M
Business

Coal heir buys West Palm Beach condo for $15M

March 19, 2025March 19, 2025

A coal heir bought a Bristol condo in West Palm Beach for $14.9 million, more than double its previous sale price five years ago. Records

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Bristol closing tops Palm Beach County weekly condo sales 
Business

Bristol closing tops Palm Beach County weekly condo sales 

March 19, 2025March 19, 2025

Palm Beach County’s condo sales and dollar volume rose in the second week of March. Brokers closed 139 condo sales totaling $96.4 million from Mar.

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Tourmaline pays M for Coral Gables office complex facing foreclosure
Business

Tourmaline pays $76M for Coral Gables office complex facing foreclosure

March 18, 2025March 18, 2025

A year into Coral Gables’ Columbus Center’s debt woes, Tourmaline Capital Partners paid $76 million for the property facing foreclosure.  Bryn Mawr, Pennsylvania-based Tourmaline bought

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Shoma sheds another property, sells Hialeah project to IMC for M
Business

Shoma sheds another property, sells Hialeah project to IMC for $81M

March 18, 2025March 18, 2025

For the second time in less than a month, Shoma Group’s commercial portfolio got lighter — along with its overall debt.  The Coral Gables-based firm,

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13th Floor scores M construction loan for Davie rentals
Business

13th Floor scores $68M construction loan for Davie rentals

March 18, 2025March 18, 2025

13th Floor Investments and JSB Capital Group scored a $67.5 million construction loan for a 383-unit apartment complex near Broward College in Davie.  Coconut Grove-based

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Trinity leading development of JMH’s former condo project near Faena District
Business

Trinity leading development of JMH’s former condo project near Faena District

March 18, 2025March 18, 2025

Bill and Dana Lozito’s Trinity Southern is taking over development of a long-planned luxury condo project in Miami Beach called 29 Indian Creek, The Real

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Integra launches sales for Sereno Fort Lauderdale condos
Business

Integra launches sales for Sereno Fort Lauderdale condos

March 18, 2025March 18, 2025

Integra Investments is launching sales for Sereno Fort Lauderdale, a condo project with prices starting at $1.4 million. The Miami-based developer is planning the 14-story,

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Estates at Acqualina closing tops Miami-Dade weekly condo sales 
Business

Estates at Acqualina closing tops Miami-Dade weekly condo sales 

March 18, 2025March 18, 2025

Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 135 condo sales totaling $177.2 million from Mar. 9 to Mar. 16. The

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Trust buys Estates at Acqualina condo for M, adding to slew of pricey deals
Business

Trust buys Estates at Acqualina condo for $25M, adding to slew of pricey deals

March 17, 2025March 17, 2025

A trust bought a 9,100-square-foot Estates at Acqualina condo for $25 million, marking the latest pricey closing in the oceanfront luxury complex.  Records show Casa

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Habitus scores approval for 61-key hotel in Miami’s Edgewater, ramping up its South Florida hospitality investment 
Business

Habitus scores approval for 61-key hotel in Miami’s Edgewater, ramping up its South Florida hospitality investment 

March 17, 2025March 17, 2025

Habitus Capital scored approval for a 61-key boutique hotel in Miami’s Edgewater, marking the firm’s continued investment in South Florida’s hospitality market.  Brickell-based Habitus plans

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