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Category: Business

Steve Ross lands 0 refi for downtown West Palm convention center hotel, as billionaire continues area investment  
Business

Steve Ross lands $150 refi for downtown West Palm convention center hotel, as billionaire continues area investment  

January 8, 2025January 8, 2025

Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll.  His company, Related Ross, scored a $150

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Waterfront estate in Miami’s Bay Point sells for record M 
Business

Waterfront estate in Miami’s Bay Point sells for record $85M 

January 8, 2025January 8, 2025

A waterfront estate in Miami’s Bay Point sold for just over $85 million, marking one of the most expensive home sales ever in Miami-Dade County.

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Prive sues South American partners for more than M in damages
Business

Prive sues South American partners for more than $20M in damages

January 8, 2025January 8, 2025

Usually, when a South Florida real estate project goes haywire, it’s the investors accusing the developer of a double-cross. But the tables have turned, according

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Four Hundred South Ocean closing tops Palm Beach County weekly condo sales 
Business

Four Hundred South Ocean closing tops Palm Beach County weekly condo sales 

January 8, 2025January 8, 2025

Palm Beach County’s condo sales and dollar volume rose in the first week of the year. Brokers closed 95 condo sales totaling $61 million from

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Dubai-based developer of Surfside collapse site plans B US data centers investment
Business

Dubai-based developer of Surfside collapse site plans $20B US data centers investment

January 7, 2025January 7, 2025

The developer of the Surfside collapse site plans to pump at least $20 billion into data centers across the U.S.  Dubai-based Damac Properties, led by

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Lennar proposes 119 single-family homes in Homestead, amid development flurry in south Miami-Dade
Business

Lennar proposes 119 single-family homes in Homestead, amid development flurry in south Miami-Dade

January 7, 2025January 7, 2025

Lennar proposes 119 single-family homes in Homestead, as the flurry of residential development continues in south Miami-Dade County.  The homebuilder wants to build a high-end

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Rockstar Energy billionaire alleges project manager of waterfront Miami Beach estate stole M
Business

Rockstar Energy billionaire alleges project manager of waterfront Miami Beach estate stole $20M

January 7, 2025January 7, 2025

A company owned by Rockstar Energy billionaire Russell Weiner is suing the project manager he hired to manage construction of his waterfront Miami Beach estate,

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Duty Free Americas family sells waterfront Bal Harbour home for M
Business

Duty Free Americas family sells waterfront Bal Harbour home for $18M

January 7, 2025January 7, 2025

The Falic family, owners of the Duty Free Americas empire, sold a waterfront home in Bal Harbour for $17.5 million. Redfin shows the family’s Central-Med

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Oceana Key Biscayne closing tops Miami-Dade weekly condo sales
Business

Oceana Key Biscayne closing tops Miami-Dade weekly condo sales

January 7, 2025January 7, 2025

Miami-Dade County’s condo sales and dollar volume fell in the first week of the year. Brokers closed 92 condo sales totaling $59.5 million from Dec.

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Valoro Capital buys Miami Beach office building for M, a slight discount from its price a decade ago
Business

Valoro Capital buys Miami Beach office building for $23M, a slight discount from its price a decade ago

January 7, 2025January 7, 2025

Valoro Capital bought an office building in Miami Beach for $22.7 million, marking a slight discount off its purchase price a decade ago.  The deal

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