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Category: Business

Hammocks ex-president’s uncle charged in alleged massive fraud
Business

Hammocks ex-president’s uncle charged in alleged massive fraud

October 24, 2024October 24, 2024

An uncle of former Hammocks board president Marglli Gallego, the alleged ringleader of a massive fraud that unfolded at the homeowners association, was charged in

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Homeowners’ secret deal to support Barry Sternlicht and partners’ plan to redevelop Standard Miami Beach creates ethical dilemma
Business

Homeowners’ secret deal to support Barry Sternlicht and partners’ plan to redevelop Standard Miami Beach creates ethical dilemma

October 24, 2024October 24, 2024

A secret $1.2 million deal between billionaire Barry Sternlicht, his partners and a homeowner’s group for supporting a $61 million redevelopment of the Standard Miami

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South Florida resi sales, dollar volume plummet in September 
Business

South Florida resi sales, dollar volume plummet in September 

October 24, 2024October 24, 2024

South Florida’s residential market took a nosedive in September, with sales and dollar volume dropping throughout the tri-county region.    Total dollar volume dropped 16

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Lowenstein family’s Lionstone buys Pearl condo dev site in Palm Beach Shores
Business

Lowenstein family’s Lionstone buys Pearl condo dev site in Palm Beach Shores

October 24, 2024October 24, 2024

The Lowenstein family’s Lionstone Development bought the site for a planned condo project in Palm Beach Shores. Records show a Lionstone affiliate bought the site

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Sabbia Beach closing tops Broward weekly condo sales
Business

Sabbia Beach closing tops Broward weekly condo sales

October 24, 2024October 24, 2024

Broward County’s condo sales, dollar volume and price per square foot rose last week. Brokers closed 111 condo sales totaling $33.5 million from Oct. 13th

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Billionaire biopharma CEO buys Brickell penthouse for record M
Business

Billionaire biopharma CEO buys Brickell penthouse for record $33M

October 23, 2024October 23, 2024

The billionaire CEO of Summit Pharmaceuticals and his partner/co-CEO paid $33 million for a penthouse in Brickell, marking a price record for condo sales in

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Tate proposes 348-unit apartment project on its North Miami HQ site, as redevelopment in city’s western side ramps up
Business

Tate proposes 348-unit apartment project on its North Miami HQ site, as redevelopment in city’s western side ramps up

October 23, 2024October 23, 2024

Tate Capital proposes a 348-unit apartment project in North Miami, as redevelopment plans for the long-overlooked western side of the city ramp up.  The firm,

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Melo submits M stalking horse bid for 16-acre former trailer park in El Portal
Business

Melo submits $35M stalking horse bid for 16-acre former trailer park in El Portal

October 23, 2024October 23, 2024

Melo Group could expand its development pipeline into El Portal after placing a $35 million stalking horse bid for 16 acres along Biscayne Boulevard. An

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Sing us a song tonight: Billy Joel sells oceanfront Manalapan mansion for M
Business

Sing us a song tonight: Billy Joel sells oceanfront Manalapan mansion for $43M

October 23, 2024October 23, 2024

The Piano Man finally found a buyer for one of his oceanfront homes.  Billy Joel sold his oceanfront Manalapan mansion for $42.6 million, after listing

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Silverstone sells Palm Beach County senior living facility for M in deed in lieu of foreclosure deal
Business

Silverstone sells Palm Beach County senior living facility for $24M in deed in lieu of foreclosure deal

October 23, 2024October 23, 2024

Silverstone sold a senior living facility in Palm Beach County for $23.5 million, as part of a three-way deed in lieu of foreclosure deal.  The

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