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Category: Business

Singaporean REIT sells Boca Raton office building for M –– an 18% discount from 2021
Business

Singaporean REIT sells Boca Raton office building for $82M –– an 18% discount from 2021

July 22, 2024July 22, 2024

A Singaporean real estate investment trust sold the One Town Center office building in Boca Raton for $82 million, marking a 17.6 percent discount from

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Pending sale of M waterfront home on North Bay Road tops slow week in Miami-Dade
Business

Pending sale of $28M waterfront home on North Bay Road tops slow week in Miami-Dade

July 22, 2024July 22, 2024

A renovated waterfront home in Miami Beach asking $27.5 million was the priciest residential property to enter into contract last week in Miami-Dade County.  The

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Movers & Shakers: ULI taps Anthony Graziano as Southeast Florida chair 
Business

Movers & Shakers: ULI taps Anthony Graziano as Southeast Florida chair 

July 22, 2024July 22, 2024

In the latest roundup of South Florida real estate hiring news, the Urban Land Institute tapped Integra Realty Resources CEO Anthony Graziano to serve as

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The Weekly Dirt: A shocking end to developer Sergio Pino’s legacy
Business

The Weekly Dirt: A shocking end to developer Sergio Pino’s legacy

July 21, 2024July 21, 2024

Developer Sergio Pino ended his life as the FBI was planning to arrest him for allegedly ordering the failed murder (not once, but twice) of

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Lender sues to foreclose on waterfront Bay Harbor Islands condo site
Business

Lender sues to foreclose on waterfront Bay Harbor Islands condo site

July 19, 2024July 19, 2024

An affiliate of Allure Development Group is being sued for foreclosure over a stalled waterfront condo development in Bay Harbor Islands.  Saluda Grade Alternative Mortgage

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Waterfront Palm Beach spec mansion sells for M — a M discount in offseason
Business

Waterfront Palm Beach spec mansion sells for $29M — a $15M discount in offseason

July 19, 2024July 19, 2024

It’s the offseason for Palm Beach, but deals are still closing.  A trust named for the address bought the spec mansion at 584 Island Drive

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Resi roundup: Theme park, sandwich and marketing moguls buy, sell homes 
Business

Resi roundup: Theme park, sandwich and marketing moguls buy, sell homes 

July 19, 2024July 19, 2024

In the latest roundup of South Florida luxury residential deals, moguls from theme park, marketing and sandwich businesses bought and sold homes.  The deals spanned

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Shaya Prager asks M for Golden Beach estate, as creditors circle
Business

Shaya Prager asks $68M for Golden Beach estate, as creditors circle

July 19, 2024July 19, 2024

When is the best time to sell a beachfront estate in one of South Florida’s most coveted towns? If you ask New Jersey-based investor Shaya

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Heading cross-country: California tile heir drops M on Coral Gables spec mansion 
Business

Heading cross-country: California tile heir drops $17M on Coral Gables spec mansion 

July 19, 2024July 19, 2024

Another Californian is moving to Florida. Laguna Beach flooring heir Thomas Peck dropped $17 million on a 1.1-acre spec estate in Coral Gables. Records show

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Prestige scores M construction loan for Davie workforce housing project 
Business

Prestige scores $20M construction loan for Davie workforce housing project 

July 19, 2024July 19, 2024

Prestige Companies can move ahead with a workforce housing project in Davie after landing a $20 million construction loan. A Boca Raton-based entity, Mint 12

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