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Category: Business

Related, Merrimac score 0M loan for Waldorf Astoria Residences Pompano Beach
Business

Related, Merrimac score $160M loan for Waldorf Astoria Residences Pompano Beach

June 5, 2025June 5, 2025

The Pérez family’s Related Group and the Motwanis’ Merrimac Ventures secured a $160 million construction loan for their Waldorf Astoria Residences Pompano Beach condo development,

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Homeowner fires legal torpedo at Barrington Brothers’ latest El Portal project 
Business

Homeowner fires legal torpedo at Barrington Brothers’ latest El Portal project 

June 5, 2025June 5, 2025

An El Portal homeowner is seeking to overturn the controversial approval of Barrington Brothers’ next multifamily project in the village. Jerilyn Kobrick sued El Portal

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In M deal, Blackstone unloads another South Florida industrial property 
Business

In $90M deal, Blackstone unloads another South Florida industrial property 

June 5, 2025June 5, 2025

Blackstone’s South Florida industrial sell-off is chugging along with the $90.2 million sale of three Miami-Dade warehouses.  Including its latest divestiture, the New York-based investment

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Alden Global-linked entity sells West Palm spec mansion for M
Business

Alden Global-linked entity sells West Palm spec mansion for $17M

June 5, 2025June 5, 2025

An entity linked to the investment firm Alden Global Capital sold a waterfront West Palm Beach spec mansion for $16.8 million after a year on

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Redwood Dev Co scores 6M refi for 350-unit multifamily portfolio in north Miami-Dade
Business

Redwood Dev Co scores $126M refi for 350-unit multifamily portfolio in north Miami-Dade

June 5, 2025June 5, 2025

Redwood Dev Co scored a $126.3 million refinancing for a 350-unit multifamily portfolio in north Miami-Dade County.  The deal comes as lending continues to flow

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Broward weekly condo sales climb to M
Business

Broward weekly condo sales climb to $43M

June 5, 2025June 5, 2025

Broward County’s condo sales and dollar volume rose in the last week of May.  Brokers closed 127 condo sales totaling $43.4 million from May 23

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CC Homes and Turnberry plan to build 151 houses in Davie
Business

CC Homes and Turnberry plan to build 151 houses in Davie

June 5, 2025June 5, 2025

CC Homes and Turnberry are planning to launch sales this year and begin building The Estates by Turnberry, a gated community with 151 houses on

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Genting sells piece of downtown Miami assemblage to Opportunity Zone fund partnership
Business

Genting sells piece of downtown Miami assemblage to Opportunity Zone fund partnership

June 4, 2025June 4, 2025

Malaysian casino conglomerate Genting Group sold a piece of its downtown Miami land holdings.  An affiliate of Kuala Lumpur-based Genting sold the 0.8-acre, six-parcel assemblage

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Panattoni offloads former Miami Herald HQ at a loss for M
Business

Panattoni offloads former Miami Herald HQ at a loss for $26M

June 4, 2025June 4, 2025

Panattoni Development is abandoning plans to redevelop the Miami Herald’s former home in Doral, selling the 9-acre site at a loss for $25.9 million. A

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Grant Cardone offers 0M for Boca Raton distressed multifamily project
Business

Grant Cardone offers $230M for Boca Raton distressed multifamily project

June 4, 2025June 4, 2025

A Grant Cardone-led entity submitted a $230 million stalking horse bid for Penn-Florida Companies’ 101 Via Mizner in Boca Raton. Aventura-based Cardone Real Estate Acquisitions

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