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Category: Business

Health care app owner nabs buyer for M Fisher Island townhouse
Business

Health care app owner nabs buyer for $20M Fisher Island townhouse

September 9, 2024September 9, 2024

Buyers signed contracts for four luxury homes and condos last week, a major drop-off during the holiday week.  Health care app owner Tony Hai and

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Lease roundup: Pipeline Workspaces renews Coral Gables office, French bakery opening in Kendall 
Business

Lease roundup: Pipeline Workspaces renews Coral Gables office, French bakery opening in Kendall 

September 9, 2024September 9, 2024

Pipeline Workspaces | Coral Gables  Co-working and shared office space provider Pipeline Workspaces is staying put in Coral Gables.  Miami-based Pipeline renewed its 14,000-square-foot lease

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Palm Beach County condo sales volume drops in August to 3M
Business

Palm Beach County condo sales volume drops in August to $233M

September 9, 2024September 9, 2024

Palm Beach County’s condo sales slid last month, with total dollar volume and sales both dropping. August condo sales totaled $233 million, falling from $301

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Movers & Shakers: Bobby Jones jumps from Compass to Elliman
Business

Movers & Shakers: Bobby Jones jumps from Compass to Elliman

September 9, 2024September 9, 2024

In the latest roundup of South Florida real estate hiring news, firms continue to bulk up their teams. Longtime Compass agent Bobby Jones jumped to

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The Weekly Dirt: The lobbyists who run Miami real estate
Business

The Weekly Dirt: The lobbyists who run Miami real estate

September 8, 2024September 8, 2024

The Real Deal identified the top lobbyists behind Miami’s biggest developers, the hired guns who know the ins and outs of local government and get

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Longpoint bulks up South Florida industrial portfolio with M Medley purchase
Business

Longpoint bulks up South Florida industrial portfolio with $27M Medley purchase

September 6, 2024September 6, 2024

Longpoint continues bulking up its South Florida industrial portfolio, recently paying $27.2 million for three Medley warehouses. An affiliate of Boston-based Longpoint, led by founding

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MG Developer expands into hospitality after buying Miami hotel for M
Business

MG Developer expands into hospitality after buying Miami hotel for $36M

September 6, 2024September 6, 2024

MG Developer is entering the hospitality sector after paying $36 million for a hotel near Miami International Airport. Coral Gables-based MG, led by Alirio Torrealba

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Lennar in contract to buy Barry University land, downsizes proposed project to 227 townhomes
Business

Lennar in contract to buy Barry University land, downsizes proposed project to 227 townhomes

September 6, 2024September 6, 2024

Lennar proposes a 227-townhouse development on Barry University land in Miami Shores, marking a significant downsizing of the homebuilder’s previously planned project.  Miami-based Lennar is

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Rreef sells Pembroke Pines multifamily complex for 0M — a 9% discount from purchase price two years ago
Business

Rreef sells Pembroke Pines multifamily complex for $110M — a 9% discount from purchase price two years ago

September 6, 2024September 6, 2024

Rreef Property Trust sold a 368-unit apartment complex in Pembroke Pines for $110 million, marking a 9 percent discount from its purchase price two years

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Summer slump: Miami-Dade condo sales volume drops in August to 0M 
Business

Summer slump: Miami-Dade condo sales volume drops in August to $470M 

September 6, 2024September 6, 2024

Miami-Dade County’s condo sales, dollar volume, and price per square foot fell all last month amid the summer slump. August condo sales totaled $470 million,

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