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Category: Business

PPG, BH3 score 5M refi for Hallandale Beach apartment tower, as lending still flows in South Florida 
Business

PPG, BH3 score $225M refi for Hallandale Beach apartment tower, as lending still flows in South Florida 

March 14, 2025March 14, 2025

PPG Development and BH3 Management scored a $225 million refinancing for the Slate Hallandale Beach apartment tower.  The deal marks continued lending in South Florida,

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Miami Beach mayor’s threat to evict O Cinema will test tenant free speech protections, experts say
Business

Miami Beach mayor’s threat to evict O Cinema will test tenant free speech protections, experts say

March 14, 2025March 14, 2025

The First Amendment may not save O Cinema from getting evicted for screening an Oscar winning documentary about the Gaza War and events that led

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Spec developers buy Bay Point mansion for M — after price slashed in half
Business

Spec developers buy Bay Point mansion for $21M — after price slashed in half

March 14, 2025March 14, 2025

Spec developers Ricardo Halfen and Matthew Rosenblatt bought a waterfront Bay Point mansion for $21 million, half off its 2022 asking price. Records show 4355

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Lewis Swezy plans age-restricted low-income apartment project in Miami-Dade, as developers target affordable housing
Business

Lewis Swezy plans age-restricted low-income apartment project in Miami-Dade, as developers target affordable housing

March 14, 2025March 14, 2025

Affordable housing developer Lewis Swezy plans an 80-unit age-restricted apartment project near the Earlington Heights Metrorail stop in Miami-Dade County.  Swezy, through his Miami Lakes-based

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Private equity mogul sells Miami Beach PH to Kayak’s Steve Hafner for M
Business

Private equity mogul sells Miami Beach PH to Kayak’s Steve Hafner for $24M

March 14, 2025March 14, 2025

Private equity mogul Marc Leder sold his waterfront Miami Beach penthouse to Kayak CEO Steve Hafner for $24 million, marking a South of Fifth price-per-square-foot

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Longtime Elliman agent Pablo Alfaro joins Compass
Business

Longtime Elliman agent Pablo Alfaro joins Compass

March 14, 2025March 14, 2025

Longtime Douglas Elliman agent Pablo Alfaro joined Compass.  Alfaro left Elliman after about 14 years. He’s been involved in sales totaling more than $1 billion

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Why Manalapan’s trophy market is booming right now
Business

Why Manalapan’s trophy market is booming right now

March 14, 2025March 14, 2025

Just south of Palm Beach, the small island town known for its popularity with the rich and powerful, lies an even smaller island town: Manalapan.

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More South Florida distress: Brickell commercial condo owner’s bankruptcy filing delays foreclosure sale
Business

More South Florida distress: Brickell commercial condo owner’s bankruptcy filing delays foreclosure sale

March 13, 2025March 13, 2025

A disgraced Venezuelan ex-banker identified in the Panama Papers joins a growing number of South Florida commercial real estate owners feeling the pinch of distress. 

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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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