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Category: Business

Coastal sells waterfront Fisher Island home lot for M
Business

Coastal sells waterfront Fisher Island home lot for $43M

May 16, 2025May 16, 2025

Coastal Homes, the luxury custom home builder arm of Coastal Construction, sold a waterfront site on Fisher Island for $42.5 million.  Property records show Coastal

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Codina lands M loan to build 25K sf of retail at Downtown Doral
Business

Codina lands $39M loan to build 25K sf of retail at Downtown Doral

May 16, 2025May 16, 2025

After nabbing a $38.8 million construction loan, Codina Partners is gearing up to build the last retail piece at Downtown Doral. Miami-based Ocean Bank provided

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Riviera Beach extends deadline for bids to buy public land near waterfront
Business

Riviera Beach extends deadline for bids to buy public land near waterfront

May 16, 2025May 16, 2025

Developers interested in buying Rivieria Beach public land near the waterfront will have another month to make an offer. Riviera Beach council members, sitting as

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Florida lawmakers amend condo-hotel law — again
Business

Florida lawmakers amend condo-hotel law — again

May 16, 2025May 16, 2025

Florida lawmakers amended a state law that governs the delicate balance of power between unit owners and investors at condo-hotel complexes.  The change, made during

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Applied Underwriters co-founder sells oceanfront Highland Beach mansion for M
Business

Applied Underwriters co-founder sells oceanfront Highland Beach mansion for $27M

May 15, 2025May 15, 2025

Sidney Ferenc, the co-founder of Applied Underwriters, sold his oceanfront Highland Beach mansion for $27.1 million. Records show Ferenc sold the home at 2363 South

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Late financier’s Palm Beach house sells for M, down from M asking price
Business

Late financier’s Palm Beach house sells for $18M, down from $24M asking price

May 15, 2025May 15, 2025

The family of the late financier George Summers sold his Palm Beach house for $17.5 million, after it hit the market asking $24 million in

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“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach
Business

“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach

May 15, 2025May 15, 2025

An unforeseen construction defect will significantly delay the planned Bulgari hotel project in Miami Beach. On Tuesday, the Miami Beach Historic Preservation Board approved modifications

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Developer proposes 192-unit apartment project with workforce rentals in Naranja
Business

Developer proposes 192-unit apartment project with workforce rentals in Naranja

May 15, 2025May 15, 2025

A developer proposes a 192-unit apartment project with workforce rentals in Naranja.  Entities tied to Coinco Investment filed an application to develop three four-story buildings

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Yacht-zee! Miki Naftali's boat broker awarded 0K in commission dispute
Business

Yacht-zee! Miki Naftali's boat broker awarded $800K in commission dispute

May 15, 2025May 15, 2025

A jury awarded more than $800,000 to yacht broker Scott Goldsworthy in a commission dispute involving developer Miki Naftali.  Goldsworthy sued Naftali and Italian megayacht

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Broward weekly condo sales volume sinks to M
Business

Broward weekly condo sales volume sinks to $38M

May 15, 2025May 15, 2025

Broward County’s condo sales and dollar volume dropped last week, with the average sale price falling as well. Brokers closed 115 condo sales totaling $37.5

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