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Category: Business

Ex-Miami commissioner Alex Diaz de la Portilla faces new lawsuit alleging marina shakedown
Business

Ex-Miami commissioner Alex Diaz de la Portilla faces new lawsuit alleging marina shakedown

July 25, 2024July 25, 2024

Lobbyist Manuel Prieguez relaunched his legal offensive against former Miami commissioner Alex Diaz de la Portilla, filing an amended lawsuit over an alleged shakedown involving

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Lennar, BH drop M on shuttered Aventura area golf course to develop homes
Business

Lennar, BH drop $18M on shuttered Aventura area golf course to develop homes

July 25, 2024July 25, 2024

Lennar and BH Group dropped $17.5 million on a shuttered 104.3-acre golf course near Aventura, to redevelop with single-family homes. The partnership plans to tear

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Habitat, partner plan condo-hotel project in Brickell after paying M for dev site
Business

Habitat, partner plan condo-hotel project in Brickell after paying $15M for dev site

July 25, 2024July 25, 2024

Habitat Group is partnering with a Central Asian firm entering the U.S. market to build a condo-hotel on a Brickell development site acquired for $14.8

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Galbut family completes short-term rental-friendly Gale tower in Miami, closings underway
Business

Galbut family completes short-term rental-friendly Gale tower in Miami, closings underway

July 25, 2024July 25, 2024

The Galbut family completed Gale Miami Hotel & Residences, a short-term rental condominium and hotel tower in downtown Miami.  An affiliate of GFO Investments, led

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Construction loans keep flowing: Newrock, Brickbox land M to build 165-unit Oakland Park rental project 
Business

Construction loans keep flowing: Newrock, Brickbox land $60M to build 165-unit Oakland Park rental project 

July 25, 2024July 25, 2024

Newrock Partners and Brickbox Development landed a $60 million loan to build apartments in Oakland Park, as South Florida continues to defy a financing slowdown

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Here’s why luxury sales are booming in Boca Raton’s most expensive neighborhood
Business

Here’s why luxury sales are booming in Boca Raton’s most expensive neighborhood

July 25, 2024July 25, 2024

It’s been a busy year for luxury real estate sales at Royal Palm Yacht & Country Club. The gated golf community is Boca Raton’s most

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Investors scoop up dev site near Pompano Beach casino for M, amid near record South Florida multifamily pipeline
Business

Investors scoop up dev site near Pompano Beach casino for $29M, amid near record South Florida multifamily pipeline

July 24, 2024July 24, 2024

Atlantic Residential and Northwestern Mutual Life Insurance scooped up a development site for $29.1 million, to build apartments near Harrah’s Pompano Beach Casino.  Their purchase

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830 Brickell office tower lands 5M perm loan, among South Florida’s biggest refinancings ever
Business

830 Brickell office tower lands $565M perm loan, among South Florida’s biggest refinancings ever

July 24, 2024July 24, 2024

The office tower 830 Brickell scored a $565 million loan from an Elliott Investment Management-backed lender, marking one of South Florida’s biggest refinancings ever.  Vlad

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South Florida resi sales, dollar volume tumble in June
Business

South Florida resi sales, dollar volume tumble in June

July 24, 2024July 24, 2024

Residential sales and dollar volume dropped across South Florida in June. Price growth is persisting in the tri-county region, according to data collected by the

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Billionaire Ken Griffin submits site plan for mixed-use Miami supertall
Business

Billionaire Ken Griffin submits site plan for mixed-use Miami supertall

July 24, 2024July 24, 2024

Billionaire Ken Griffin is moving forward with plans to develop a $1 billion-plus mixed-use tower in Miami’s Brickell Financial District. Griffin’s attorney, Neisen Kasdin, this

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