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Category: Business

Beach Club II closing tops Broward weekly condo sales
Business

Beach Club II closing tops Broward weekly condo sales

September 26, 2024September 26, 2024

Broward County’s condo sales, dollar volume and price per square foot rose last week. Brokers closed 73 condo sales totaling $20.19 million from Sept. 15th

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Foodmageddon: South Florida restaurant landlords experiencing record tenant turnover
Business

Foodmageddon: South Florida restaurant landlords experiencing record tenant turnover

September 26, 2024September 26, 2024

Goat Hospitality Group is giving up on its Miami taco stand.  The Miami-based food and beverage firm recently put on the market its lease for

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Sunrise OKs density boost for massive Metropica project
Business

Sunrise OKs density boost for massive Metropica project

September 25, 2024September 25, 2024

Developer Joseph Kavana secured initial approval from Sunrise commissioners this week to increase the density of his long-planned, phased, mixed-use development called Metropica.  The 65-acre

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CS Ventures buys Worth Avenue luxury storefronts for M
Business

CS Ventures buys Worth Avenue luxury storefronts for $30M

September 25, 2024September 25, 2024

Spencer Schlager and Charles Rosenberg’s CS Ventures bought six Worth Avenue luxury storefronts for $30.3 million. The investment firm bought the 8,500-square-foot retail building at

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Spec developer sells waterfront North Bay Road mansion for M
Business

Spec developer sells waterfront North Bay Road mansion for $23M

September 25, 2024September 25, 2024

Spec developer Francisco Perez sold a waterfront North Bay Road mansion in Miami Beach for $23.3 million after a trio of price cuts this year. 

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Surfside spec developers set record with M sale of waterfront mansion
Business

Surfside spec developers set record with $20M sale of waterfront mansion

September 25, 2024September 25, 2024

Spec developers Reuven and Iris Herssein sold their waterfront mansion in Surfside for a record $19.8 million, The Real Deal has learned.  The Hersseins sold

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Omega scores 3M refi, bridge loan for North Miami apartment project, as South Florida financing flows  
Business

Omega scores $103M refi, bridge loan for North Miami apartment project, as South Florida financing flows  

September 25, 2024September 25, 2024

A developer scored a $103 million loan for a nearly finished apartment project in North Miami, marking a continuing surge in South Florida lending.  Omega

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Excelsior closing tops Palm Beach County weekly condo sales
Business

Excelsior closing tops Palm Beach County weekly condo sales

September 25, 2024September 25, 2024

Palm Beach County’s condo sales and dollar volume slipped last week, while the average sale price rose. Brokers closed 67 condo sales totaling $39.7 million

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As Palm Beach’s high season approaches, agents anticipate a busy luxury market
Business

As Palm Beach’s high season approaches, agents anticipate a busy luxury market

September 25, 2024September 25, 2024

With the dog days of summer in the rearview mirror, Palm Beach’s busy season is fast approaching, and real estate agents are getting ready.  

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Cleared for landing: Patrick Bet-David pays M for Broward office building and airplane hangar
Business

Cleared for landing: Patrick Bet-David pays $25M for Broward office building and airplane hangar

September 24, 2024September 24, 2024

Patrick Bet-David and partners are ready for takeoff after paying $25 million for a Fort Lauderdale office building and airplane hangar An entity managed by

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