South Florida’s office values are recalibrating. From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record
Category: Business
Simon expands at Dadeland Mall, pays $16M for JCPenney ground lease
Simon Property Group is JCPenney’s new landlord at Dadeland Mall in Kendall, acquiring the ground lease for the big box store for $15.6 million. An
Steve Mnuchin’s stepsister sells waterfront Palm Beach house for $24M
Lisa Hedley, the stepsister of former Treasury Secretary Steve Mnuchin, sold a waterfront Palm Beach house for $23.8 million. Records show Hedley and her husband,
Douglas Elliman exec Susan de França buys Boca Raton condo
Douglas Elliman executive Susan de França liked an Elliman development so much, she bought a unit there. Property records show de França, president and CEO
$12M Fisher Island closing tops Miami-Dade weekly condo sales
Miami-Dade County’s condo sales and dollar volume dipped in the first week of June. Brokers closed 123 condo sales totaling $115.1 million from May 30
Mexican REIT bosses drop $18M on another Acqualina condo
The heads of Mexico’s largest real estate investment trust, Fibra Uno, dropped $17.9 million on another condo at Sunny Isles Beach’s Estates at Acqualina. Records
New York Life buys medical offices in Pembroke Pines for $38M
New York Life Real Estate Investors bought a medical office complex in Pembroke Pines for $38.3 million. The real estate arm of insurance giant New
$110M Indian Creek sale next to Bezos’ property leads pending contracts
Amazon billionaire Jeff Bezos could soon have a new neighbor in Indian Creek. The lot next door to Bezos’ property, asking $130 million, is in
Trilogy completes Edgewater assemblage with $42M purchase of Crescent Heights’ HQ
Crescent Heights sold its headquarters in Miami’s Edgewater to Trilogy Real Estate Group for $41.9 million, The Real Deal has learned. Chicago-based Trilogy, led by
Lease roundup: West Elm opening in Wynwood, Sushi Sake in Weston
West Elm | Wynwood | Miami West Elm will open at the Dorsey mixed-use building in Miami’s Wynwood. The furnishings brand leased more than 12,000