South Florida’s residential market has been slowing for months, and June was no exception. Sales fell in June, year-over-year, as dollar volume for Miami-Dade, Broward
Category: Business
MediaAlpha founder Eugene Nonko drops record $51M on oceanfront Delray Beach estate
Eugene Nonka, the co-founder of MediaAlpha, and his wife dropped a record $51.1 million on an oceanfront Delray Beach estate. Records show Eugene and Olga
Broward weekly condo sales jump to $35M
Broward County’s condo sales and dollar volume rose last week. Brokers closed 106 condo sales totaling $35.3 million from July 14 to July 20. That’s
Related and Macklowe secure approval for North Bay Village condo towers
The Pérez family’s Related Group and Harry Macklowe’s Macklowe Properties secured initial approval for their planned two-tower luxury condo development in North Bay Village. The
Related completes $50M deal for Office Depot campus dev site
Related Group paid $50 million for 10 acres at the Office Depot campus in Boca Raton. An affiliate of Coconut Grove-based Related, led by Jorge,
Distressed Miami River dev site hits market with $18M asking price
A distressed Miami River development site tied to allegations of fraud hit the market again with a reduced asking price of $18 million. The 1.8-acre
Brokerage boom: Engel & Völkers adds Miami Beach office, plans Coconut Grove relaunch
Engel & Völkers is expanding in Miami-Dade County. The brokerage is opening an office in Miami Beach’s South of Fifth neighborhood and planning to reopen
When cash is king: Inside Spanish billionaire Amancio Ortega’s South Florida investments
Spanish billionaire Amancio Ortega is on a global summer shopping spree, making a splash in South Florida. Ortega’s Ponte Gadea real estate investment family office
$6M Boca Raton closing tops Palm Beach weekly condo sales
Palm Beach County’s condo sales and dollar volume rose last week. Brokers closed 77 condo sales totaling $34.3 million from July 14 to July 20.
Fort Partners drops $25M on condo in its Seaway project in Surfside
Nearly a year after closings began, Fort Partners dropped $24.5 million on a unit in its Seaway condo project in Surfside. Records show HBV Seaway