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Category: Business

Brazilian mogul who sold his waterfront Indian Creek property to Jeff Bezos sues Douglas Elliman
Business

Brazilian mogul who sold his waterfront Indian Creek property to Jeff Bezos sues Douglas Elliman

September 11, 2024September 11, 2024

Brazilian mogul Leo Kryss sold his waterfront estate on Indian Creek Island to billionaire Jeff Bezos for $79 million last year. He had enlisted Douglas

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German group scores approval for 214-unit hotel with 87 condos in Wynwood, amid district’s development boom 
Business

German group scores approval for 214-unit hotel with 87 condos in Wynwood, amid district’s development boom 

September 11, 2024September 11, 2024

A German group scored design approval for a 214-key hotel with condos in Wynwood, amid a continuing flurry of development proposals in Miami’s arts district. 

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Porsche Design Tower closing tops Miami-Dade weekly condo sales
Business

Porsche Design Tower closing tops Miami-Dade weekly condo sales

September 11, 2024September 11, 2024

Miami-Dade County’s condo sales and total dollar volume slid during the Labor Day holiday week. Brokers closed 90 condo sales totaling $53.3 million from Sept.

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Triple Double, Stonerock Capital could lose downtown Miami office buildings to foreclosure
Business

Triple Double, Stonerock Capital could lose downtown Miami office buildings to foreclosure

September 10, 2024September 10, 2024

Two years after buying a pair of downtown Miami office buildings, Triple Double Real Estate and Stonerock Capital Partners could lose the properties to foreclosure.

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Monceau entangled in legal rift with partner over Goulds workforce housing dev site
Business

Monceau entangled in legal rift with partner over Goulds workforce housing dev site

September 10, 2024September 10, 2024

Family-owned Monceau Real Estate allegedly reneged on buying out a partner involved in a Goulds workforce housing development site, a recently filed lawsuit alleges. Jason

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Mexican REIT bosses buy Estates at Acqualina condo for M
Business

Mexican REIT bosses buy Estates at Acqualina condo for $20M

September 10, 2024September 10, 2024

The heads of Mexico’s largest real estate investment trust dropped $20 million on an Estates at Acqualina condo in Sunny Isles Beach.  Records show Estatemann

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Pricey digs: A look at the most expensive condo rentals in Miami-Dade
Business

Pricey digs: A look at the most expensive condo rentals in Miami-Dade

September 10, 2024September 10, 2024

A penthouse at the oceanfront Faena House is renting out for $135,000 a month, marking the most expensive condo rental in Miami-Dade County since 2021. 

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Acre scores controversial upzoning approval for 337-unit rental project near MiMo’s Legion park 
Business

Acre scores controversial upzoning approval for 337-unit rental project near MiMo’s Legion park 

September 10, 2024September 10, 2024

A developer scored approval for a controversial upzoning for a 337-unit apartment project adjacent to Miami’s Legion Memorial Park, despite vehement pushback from neighbors.   The

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Broward condo sales volume drops in August to 3M
Business

Broward condo sales volume drops in August to $253M

September 10, 2024September 10, 2024

Broward County’s condo sales dollar volume and price per square foot slid in August. August condo sales totaled $253 million, falling from $261 million in

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Related, Integra JV pays 0M for waterfront St. Regis Brickell site
Business

Related, Integra JV pays $100M for waterfront St. Regis Brickell site

September 9, 2024September 9, 2024

Integra Investments sold the St. Regis Residences, Miami development site to a joint venture it formed with the Related Group.  Downtown Miami-based Integra, led by

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