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Category: Business

After M discount, family office boss buys Fisher Island mansion for M
Business

After $7M discount, family office boss buys Fisher Island mansion for $21M

January 17, 2025January 17, 2025

Guilherme Federico, CEO and portfolio manager of a Miami-based family office, bought a Fisher Island mansion for $21 million. Records show 6915 Valencia Drive, a

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Witkoff, Blavatnik sell 10 acres at Banyan Cay to homebuilder Schickedanz for M
Business

Witkoff, Blavatnik sell 10 acres at Banyan Cay to homebuilder Schickedanz for $15M

January 17, 2025January 17, 2025

Witkoff and Len Blavatnik’s Access Industries sold a portion of the former Banyan Cay Resort & Golf Club in West Palm Beach to homebuilder Schickedanz. 

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Miami-Dade pays M for industrial sites to use as staging for MIA improvements, expansion
Business

Miami-Dade pays $17M for industrial sites to use as staging for MIA improvements, expansion

January 16, 2025January 16, 2025

Miami-Dade County bought a 3.4-acre industrial site for $17 million that it plans to use as staging for improvements and expansion of the nearby international

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Related, BH launch sales for Viceroy Residences Aventura
Business

Related, BH launch sales for Viceroy Residences Aventura

January 16, 2025January 16, 2025

Frequent development partners Related Group and BH Group are launching sales for Viceroy Residences Aventura, one of the city’s first planned condo towers in years. 

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Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner apartments, dodging 5M UCC auction
Business

Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner apartments, dodging $145M UCC auction

January 16, 2025January 16, 2025

An affiliate of Penn-Florida Companies filed bankruptcy on its 101 Via Mizner apartment building in Boca Raton, warding off a foreclosure auction over a $145

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Planned oceanfront Manalapan spec mansion next to Larry Ellison’s estate lists for 5M
Business

Planned oceanfront Manalapan spec mansion next to Larry Ellison’s estate lists for $285M

January 16, 2025January 16, 2025

An oceanfront estate planned in Manalapan is hitting the market for $285 million, marking the second-most expensive home for sale in Florida.  If it sells

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Trump scores final approval for 1,500 condos at Trump National Doral
Business

Trump scores final approval for 1,500 condos at Trump National Doral

January 16, 2025January 16, 2025

Doral City Council members voted unanimously in favor of the Trump Organization’s plan to develop up to 1,500 luxury condos on the Trump National Doral

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Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere
Business

Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere

January 16, 2025January 16, 2025

Hedge fund Alden Global Capital’s real estate division allegedly tried to shortchange a former property manager and investor in his payout for South Florida hotels

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AquaBlu closing tops Broward weekly condo sales 
Business

AquaBlu closing tops Broward weekly condo sales 

January 16, 2025January 16, 2025

Broward County’s condo sales and dollar volume dropped in the second week of January. Brokers closed 76 condo sales totaling $24.8 million from Jan. 5

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Industrial vacancies up across South Florida in the fourth quarter, as rents drop in Broward and Palm Beach counties
Business

Industrial vacancies up across South Florida in the fourth quarter, as rents drop in Broward and Palm Beach counties

January 15, 2025January 15, 2025

South Florida’s industrial market took a hit in the fourth quarter of last year, as vacancies rose across the tri-county region, and rents dropped in

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