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Category: Business

Värde seeks M foreclosure against Coral Gables office complex owner
Business

Värde seeks $77M foreclosure against Coral Gables office complex owner

October 10, 2024October 10, 2024

Värde Partners is foreclosing on the owner of a Coral Gables office complex for allegedly defaulting on a $68.9 million mortgage. Since August, the amount

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Aimco under contract to sell Hamilton multifamily tower, nearby Edgewater dev site for 4M combined
Business

Aimco under contract to sell Hamilton multifamily tower, nearby Edgewater dev site for $204M combined

October 10, 2024October 10, 2024

Aimco is selling the Hamilton apartment tower in Edgewater and a nearby development site for a combined $204 million.  The pending deals come as the

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“Broken promises:” Broker sues ex-husband over commission on M sale of Star Island estate 
Business

“Broken promises:” Broker sues ex-husband over commission on $57M sale of Star Island estate 

October 10, 2024October 10, 2024

Broker Alyssa Morgan spent a year and a half trying to sell her ex-husband’s waterfront Star Island mansion in Miami Beach, coordinating showings and negotiating

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Lennar drops M for 172 homesites at Lotis mixed-use project in Wellington
Business

Lennar drops $54M for 172 homesites at Lotis mixed-use project in Wellington

October 10, 2024October 10, 2024

Lennar paid $54 million for 172 homesites at a planned mixed-use project in Wellington, marking the homebuilder’s continued residential investment.  Miami-based Lennar bought the nearly

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Azure closing tops Palm Beach County weekly condo sales 
Business

Azure closing tops Palm Beach County weekly condo sales 

October 10, 2024October 10, 2024

Palm Beach County’s sales and dollar volume rose last week. Brokers closed 123 condo sales totaling $54.7 million from Sept. 29th to Oct. 6th. The

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Ares cements top ranking for pricey purchases in South Florida, paying 7M for Miami Lakes industrial complex
Business

Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex

October 9, 2024October 9, 2024

Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the

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MG Developer, Prosper pay M for North Bay Village condo dev site 
Business

MG Developer, Prosper pay $31M for North Bay Village condo dev site 

October 9, 2024October 9, 2024

MG Developer teamed up with Prosper Group to acquire a waterfront condo development site in North Bay Village for $30.9 million, The Real Deal has

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Bluenest buys Homestead site for 219 townhouses, as south Miami-Dade resi development keeps surging
Business

Bluenest buys Homestead site for 219 townhouses, as south Miami-Dade resi development keeps surging

October 9, 2024October 9, 2024

Bluenest Development bought a Homestead site with plans for 219 townhouses, as residential construction in south Miami-Dade County continues to surge.  The Miami-based firm scooped

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East Capital’s Miami-Dade industrial buying binge continues with M purchase near Aventura
Business

East Capital’s Miami-Dade industrial buying binge continues with $48M purchase near Aventura

October 9, 2024October 9, 2024

East Capital Partners is amassing industrial properties in Miami-Dade County, buying its third warehouse complex this year. An affiliate of Darien, Connecticut-based East Capital, led

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Oil heiress sells Manalapan mansion for M, as tony enclave heats up
Business

Oil heiress sells Manalapan mansion for $16M, as tony enclave heats up

October 9, 2024October 9, 2024

Oil heiress Jean Christine Thompson sold an oceanfront estate in Manalapan for $15.6 million, as luxury activity picks up in the tony enclave. Thompson’s Dos

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