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Category: Business

Palm Beach considers closing Mar-a-Lago in response to road closure
Business

Palm Beach considers closing Mar-a-Lago in response to road closure

August 14, 2024August 14, 2024

With the high season just around the corner, Palm Beach is considering closing Donald Trump’s Mar-a-Lago Club to members, guests and events. The town is

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13th Floor lands M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction
Business

13th Floor lands $83M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction

August 14, 2024August 14, 2024

13th Floor Investments landed an $83 million construction loan for a planned 398-unit apartment complex in Hallandale Beach.    The deal comes as South Florida is

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Sergio Pino’s widow, brother at odds over Century Homebuilders
Business

Sergio Pino’s widow, brother at odds over Century Homebuilders

August 14, 2024August 14, 2024

Sergio Pino’s widow and his brother sat on opposite sides of a downtown Miami courtroom as their attorneys argued over who should oversee the late

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Naftali scores M loan for planned Miami Worldcenter high-rise
Business

Naftali scores $35M loan for planned Miami Worldcenter high-rise

August 14, 2024August 14, 2024

Naftali Group secured a $35 million pre-development loan for its mixed-use condo and rental tower at Miami Worldcenter.  The New York-based developer obtained the financing

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Billionaire Bill Malhotra plans 220-room hotel in Pompano Beach
Business

Billionaire Bill Malhotra plans 220-room hotel in Pompano Beach

August 14, 2024August 14, 2024

Claridge Homes, a Canadian real estate development company led by billionaire Bill Malhotra, plans to build a 15-story, 220-room Courtyard by Marriott hotel near the

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Bessemer Trust sells Palm Beach building for M, opting for newer digs 
Business

Bessemer Trust sells Palm Beach building for $19M, opting for newer digs 

August 13, 2024August 13, 2024

Bessemer Trust sold a Palm Beach office building for $18.7 million to a mystery buyer.  New York-based Bessemer, a private wealth management firm, sold the

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Price revealed: Billionaire Larry Ellison dropped 7M for Eau Palm Beach Resort in Manalapan
Business

Price revealed: Billionaire Larry Ellison dropped $277M for Eau Palm Beach Resort in Manalapan

August 13, 2024August 13, 2024

Billionaire Larry Ellison dropped $277.4 million for the 310-unit oceanfront Eau Palm Beach Resort & Spa in Manalapan.   Ellison, a co-founder of software company Oracle,

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Location Ventures’ court-appointed receiver sells incomplete Coconut Grove spec home for M
Business

Location Ventures’ court-appointed receiver sells incomplete Coconut Grove spec home for $18M

August 13, 2024August 13, 2024

The court-appointed receiver managing defunct Location Ventures’ assets sold an unfinished Coconut Grove spec mansion for $17.5 million after fighting off a lender’s attempt to

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Developer lands M construction loan for Hallandale Beach condo tower, as South Florida financing defies nationwide slump 
Business

Developer lands $85M construction loan for Hallandale Beach condo tower, as South Florida financing defies nationwide slump 

August 13, 2024August 13, 2024

Developer Giuseppe Iadisernia scored an $85 million construction loan for a 250-unit Hallandale Beach condo tower.  The deal comes as South Florida construction lending continues

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“A lot of square footage”: Six office buildings are on tap in Miami Beach. Will all get leased?
Business

“A lot of square footage”: Six office buildings are on tap in Miami Beach. Will all get leased?

August 13, 2024August 13, 2024

As South Florida became a magnet for out-of-state companies in the past four years, Miami Beach emerged as a budding office market.  The city landed

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