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Category: Business

Family sells waterfront Gables Estates teardown for M
Business

Family sells waterfront Gables Estates teardown for $17M

March 13, 2025March 13, 2025

Family members sold their late parents’ waterfront teardown in Gables Estates for $17.3 million, a year after listing it for $21.5 million. Records show Ricardo

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TM Real Estate scores M construction loan for 250-unit Boynton Beach complex, amid South Florida multifamily supply overhang 
Business

TM Real Estate scores $54M construction loan for 250-unit Boynton Beach complex, amid South Florida multifamily supply overhang 

March 13, 2025March 13, 2025

A developer scored a $53.5 million construction loan for a 250-unit apartment complex in Boynton Beach, amid a multifamily supply overhang in South Florida.  TM

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Botched M land deal costs city of Doral nearly double the price six years later
Business

Botched $11M land deal costs city of Doral nearly double the price six years later

March 13, 2025March 13, 2025

Six years after allegedly trashing a vacant property it intended to buy for $10.7 million, the city of Doral will pay the landowner nearly double

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Developer Vivian Dimond to revive stalled waterfront North Bay Village condo project
Business

Developer Vivian Dimond to revive stalled waterfront North Bay Village condo project

March 13, 2025March 13, 2025

Developer Vivian Dimond took over the stalled condo building in North Bay Village, a 15-story shell on Harbor Island, The Real Deal has learned.  The

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Solemar closing tops Broward weekly condo sales
Business

Solemar closing tops Broward weekly condo sales

March 13, 2025March 13, 2025

Broward County’s condo sales and dollar volume fell in the first week of March. Brokers closed 128 condo sales totaling $46 million from Mar. 2

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BH3 adds 200-plus units to its planned two-tower DNA project in Fort Lauderdale’s Flagler Village
Business

BH3 adds 200-plus units to its planned two-tower DNA project in Fort Lauderdale’s Flagler Village

March 12, 2025March 12, 2025

BH3 Management proposes 844 units at its two-tower project in Fort Lauderdale’s Flagler Village, up 38 percent from its previous plan.  Fort Lauderdale-based BH3 raised

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Collins Avenue retail storefront targeted in M foreclosure
Business

Collins Avenue retail storefront targeted in $6M foreclosure

March 12, 2025March 12, 2025

The retail woes along a stretch of Collins Avenue in South Beach have sparked a foreclosure lawsuit against a storefront owner that allegedly owes $5.5

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Freight heir sells waterfront Fort Lauderdale mansion for M after price cuts
Business

Freight heir sells waterfront Fort Lauderdale mansion for $15M after price cuts

March 12, 2025March 12, 2025

Freight heir Phillip Kirschbaum sold his waterfront mansion in Fort Lauderdale’s gated Coral Ridge Country Club for $15 million, following two years of price cuts.

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Russell Galbut plans 410-unit Live Local Act project in Miami-Dade, amid rush on state workforce housing law 
Business

Russell Galbut plans 410-unit Live Local Act project in Miami-Dade, amid rush on state workforce housing law 

March 12, 2025March 12, 2025

Russell Galbut’s GFO Investments plans a 410-unit Live Local Act apartment project in Miami-Dade County, as developers seize on the state affordable housing law.  Miami-based

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Brokerage Real Estate Authority merges with Charles Rutenberg Realty Fort Lauderdale
Business

Brokerage Real Estate Authority merges with Charles Rutenberg Realty Fort Lauderdale

March 12, 2025March 12, 2025

United Real Estate is expanding in South Florida.  The Dallas-based brokerage announced that its Charles Rutenberg Realty Fort Lauderdale merged with Real Estate Authority, a

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