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Category: Business

In 1M deal, Blackstone and Link sell another South Florida industrial portfolio
Business

In $121M deal, Blackstone and Link sell another South Florida industrial portfolio

April 23, 2025April 23, 2025

Blackstone and Link Logistics unloaded another set of South Florida warehouses. Affiliates of Blackstone, a New York-based investment giant led by Stephen Schwarzman, and its

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Developer, Pennsylvania businessman swap M of Fort Lauderdale resi deals
Business

Developer, Pennsylvania businessman swap $37M of Fort Lauderdale resi deals

April 23, 2025April 23, 2025

A developer and a businessman from Pennsylvania swapped waterfront mansions in Fort Lauderdale in a pair of deals totaling $37 million. Records show developer Louis

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Alexanders list waterfront Miami Beach house for rent for K a month
Business

Alexanders list waterfront Miami Beach house for rent for $55K a month

April 23, 2025April 23, 2025

A waterfront Miami Beach home owned by disgraced agent Oren Alexander hit the rental market for $55,000 a month.  The 4,267-square-foot house at 1611 West

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After the office boom: Miami-Dade construction starts drop to nine-year low as projects “just don't pencil out”
Business

After the office boom: Miami-Dade construction starts drop to nine-year low as projects “just don't pencil out”

April 23, 2025April 23, 2025

South Florida became a magnet for out-of-state companies in recent years, prompting giddiness over the tri-county region’s office market. Even as headwinds emerged, developers pushed

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Alina Boca Raton closing tops Palm Beach County weekly condo sales 
Business

Alina Boca Raton closing tops Palm Beach County weekly condo sales 

April 23, 2025April 23, 2025

Palm Beach County’s condo sales and dollar volume rose last week.  Brokers closed 139 condo sales totaling $70.5 million from April 13 to April 20.

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PMG, Lndmrk plan short-term rental-friendly condos in Miami’s Wynwood
Business

PMG, Lndmrk plan short-term rental-friendly condos in Miami’s Wynwood

April 22, 2025April 22, 2025

PMG and Lndmrk Development are teaming up to build a short-term rental-friendly condo project in Miami’s Wynwood neighborhood. The developers are planning the eight-story, 233-unit

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Canadian investor pays M for Boca Raton office building 
Business

Canadian investor pays $21M for Boca Raton office building 

April 22, 2025April 22, 2025

A Canadian investment firm bought an office building in Boca Raton for $20.6 million.  Ontario-based Axia GeoCapital, led by Nickolas Georghiades, bought the seven-story One

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Moto Capital boss sells Fisher Island penthouse for M
Business

Moto Capital boss sells Fisher Island penthouse for $21M

April 22, 2025April 22, 2025

In a case of not island hopping, but island home hopping, the head of a local investment firm sold his Fisher Island penthouse for $20.5

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Hialeah to consider affordable housing density bonuses
Business

Hialeah to consider affordable housing density bonuses

April 22, 2025April 22, 2025

Developers could add more density to mixed-income multifamily projects in Hialeah, if they set aside units for low-income residents.  On Wednesday, the Hialeah City Council

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Florida lawmakers consider bill that would eliminate real estate’s regulatory board 
Business

Florida lawmakers consider bill that would eliminate real estate’s regulatory board 

April 22, 2025April 22, 2025

The future of the Florida Real Estate Commission is in the hands of lawmakers.  FREC, which oversees real estate agents, brokers and brokerages, could be

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