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Category: Business

Murano at Portofino closing tops Miami-Dade weekly condo sales
Business

Murano at Portofino closing tops Miami-Dade weekly condo sales

October 9, 2024October 9, 2024

Miami-Dade County’s condo sales dollar volume dropped last week, as a closing at Murano at Portofino in Miami Beach led the way. Brokers closed 120

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Damage from hurricanes Helene, Milton could top 0B
Business

Damage from hurricanes Helene, Milton could top $200B

October 8, 2024October 8, 2024

As Florida’s Tampa Bay region braces for Hurricane Milton to make landfall on Wednesday, many in the storm’s path are still reeling from Hurricane Helene’s

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Elliott completes Brickell office tower purchase for 3M, solidifying the hedge fund’s position as major South Florida player
Business

Elliott completes Brickell office tower purchase for $443M, solidifying the hedge fund’s position as major South Florida player

October 8, 2024October 8, 2024

Paul Singer’s Elliott Investment Management completed its purchase of a Brickell office tower for $443 million. The deal, billed as the second largest office deal

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Hotusa checks into Miami Beach, pays M for Art Deco hotel
Business

Hotusa checks into Miami Beach, pays $20M for Art Deco hotel

October 8, 2024October 8, 2024

Grupo Hotusa is booking into Miami Beach, acquiring an Art Deco hotel for $19.7 million. An affiliate of Barcelona-based Hotusa, led by President Amancio Lòpez

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Site Centers offloads another South Florida retail property, selling Boynton Beach shopping center for M
Business

Site Centers offloads another South Florida retail property, selling Boynton Beach shopping center for $31M

October 8, 2024October 8, 2024

Less than a month after selling a Midtown Miami building anchored by Target, Site Centers offloaded a Boynton Beach shopping center. An affiliate of Beachwood,

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That’s hot: Hiltons expanding brokerage to Palm Beach amid market boom
Business

That’s hot: Hiltons expanding brokerage to Palm Beach amid market boom

October 8, 2024October 8, 2024

Barron Hilton is bringing his family’s namesake brokerage, Hilton Hilton, to Palm Beach, The Real Deal has learned. The fourth generation scion of the Hilton

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Cosmetic surgery center owner sells oceanfront Golden Beach home for M
Business

Cosmetic surgery center owner sells oceanfront Golden Beach home for $22M

October 8, 2024October 8, 2024

The owner of a Miami cosmetic surgery center sold his oceanfront Golden Beach home for $22 million, one month after upsizing to a larger mansion

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Broward condo sales drop in September to 9M
Business

Broward condo sales drop in September to $199M

October 8, 2024October 8, 2024

Broward County’s September condo sales and dollar volume hit their lowest levels so far this year. September condo sales totaled $199 million, falling from $253

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Isaac Lustgarten exits Alexanders’ Official, joins Corcoran
Business

Isaac Lustgarten exits Alexanders’ Official, joins Corcoran

October 7, 2024October 7, 2024

Oren Alexander’s longtime associate, Isaac Lustgarten, exited Official and joined the Corcoran Group, The Real Deal has learned.  Lustgarten is the latest agent to depart

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SmartStop adds fourth self-storage facility to South Florida portfolio, paying M for North Miami site
Business

SmartStop adds fourth self-storage facility to South Florida portfolio, paying $31M for North Miami site

October 7, 2024October 7, 2024

SmartStop beefed up its South Florida self-storage portfolio, buying a recently completed North Miami facility for $30.8 million. An affiliate of Ladera Ranch, California-based SmartStop,

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