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Category: Business

Resi roundup: Fitness, fashion moguls buy South Florida homes
Business

Resi roundup: Fitness, fashion moguls buy South Florida homes

March 7, 2025March 7, 2025

In the latest roundup of South Florida luxury residential deals, buyers from the fitness, fashion and film industries bought homes. Deals spanned Coral Gables to

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No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project
Business

No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project

March 6, 2025March 6, 2025

Miami-Dade officials could forgo competitive bidding to have developer Michael Swerdlow build a workforce housing project near a site he’s buying from the county for

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Car dealer sells Palm Beach house for M, as season heats up
Business

Car dealer sells Palm Beach house for $19M, as season heats up

March 6, 2025March 6, 2025

A Connecticut car dealer sold his non-waterfront Palm Beach home for $19 million, marking the latest early season luxury sale to close.  Records show Jeffrey

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DOGE federal property purge may create redevelopment plays in South Florida
Business

DOGE federal property purge may create redevelopment plays in South Florida

March 6, 2025March 6, 2025

Elon Musk’s purge of nationwide federal properties owned and leased by the U.S. government is causing ripples in South Florida’s commercial real estate market.  Already,

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Canadian waste management mogul sells partially built Bal Harbour mansion for record M
Business

Canadian waste management mogul sells partially built Bal Harbour mansion for record $70M

March 6, 2025March 6, 2025

One of Canada’s wealthiest businessmen sold a waterfront house in Bal Harbour for $69.5 million, The Real Deal has learned.  The deal marks a record

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Solemar closing tops Broward weekly condo sales
Business

Solemar closing tops Broward weekly condo sales

March 6, 2025March 6, 2025

Broward County’s condo sales and dollar volume rose last week.  Brokers closed 152 condo sales totaling $57 million from Feb. 23 to Mar. 2. The

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Lotis nabs another construction loan for Wellington mixed-use project
Business

Lotis nabs another construction loan for Wellington mixed-use project

March 5, 2025March 5, 2025

Lotis Group landed a $28.2 million construction loan for a Wellington mixed-use project. Amerant Bank provided the financing for the commercial portion of The Square

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Chicago financier sells renovated Palm Beach mansion near Mar-a-Lago for M
Business

Chicago financier sells renovated Palm Beach mansion near Mar-a-Lago for $40M

March 5, 2025March 5, 2025

Financier David Herro sold a renovated non-waterfront Palm Beach estate near Mar-a-Lago for $40 million, amid a busy season with turnkey homes selling for top

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Proposed housing bills expand on Florida’s Live Local Act, further reducing local government authority
Business

Proposed housing bills expand on Florida’s Live Local Act, further reducing local government authority

March 5, 2025March 5, 2025

Florida Rep. Vicki Lopez filed two housing bills that would ease the development of Live Local Act and other affordable housing projects.  Lopez, a Miami

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Online gaming mogul pays record M for Hibiscus Island mansion
Business

Online gaming mogul pays record $45M for Hibiscus Island mansion

March 5, 2025March 5, 2025

A gaming entrepreneur paid $45 million for a waterfront mansion in Miami Beach, setting a record for Palm Island, The Real Deal has learned.  MI

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