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Category: Business

Calta scores M construction loan for Coral Gables townhomes
Business

Calta scores $30M construction loan for Coral Gables townhomes

January 15, 2025January 15, 2025

The Calta Group scored a $30 million construction loan for its planned Via Veneto townhomes in Coral Gables. The Coral Gables-based developer, led by brothers

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Leadership shift at Compass, as brokerage looks to expand further into new dev sales, luxury market
Business

Leadership shift at Compass, as brokerage looks to expand further into new dev sales, luxury market

January 15, 2025January 15, 2025

Change is underway at Compass in Florida, as the firm looks to expand in the luxury market and new development business. Two longtime executives left

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Goya heir Andrew Unanue sells Palm Beach mansion for M
Business

Goya heir Andrew Unanue sells Palm Beach mansion for $28M

January 15, 2025January 15, 2025

Andrew Unanue, a scion of the billionaire family that owns Goya Foods, sold a Palm Beach house for $27.5 million, two years after buying a

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Map: Here is Broward County’s condo development pipeline
Business

Map: Here is Broward County’s condo development pipeline

January 15, 2025January 15, 2025

South Florida’s condo developers want to build, baby, build –– in Broward County.  Long overshadowed by Miami-Dade and Palm Beach counties, its more expensive neighbors

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Palm Beach Biltmore closing tops Palm Beach County’s weekly condo sales 
Business

Palm Beach Biltmore closing tops Palm Beach County’s weekly condo sales 

January 15, 2025January 15, 2025

Palm Beach County’s condo sales and dollar volume rose slightly in the second week of January. Brokers closed 99 condo sales totaling $61.3 million from

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Billionaire Bill Malhotra’s Claridge Homes launches sales for luxury condos in Pompano Beach
Business

Billionaire Bill Malhotra’s Claridge Homes launches sales for luxury condos in Pompano Beach

January 14, 2025January 14, 2025

Billionaire developer Bill Malhotra is launching sales for Ocean580, a luxury oceanfront condo project in Pompano Beach. Malhotra’s Ottawa, Ontario-based Claridge Homes is planning the

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Financiers sell waterfront Palm Beach house for M
Business

Financiers sell waterfront Palm Beach house for $25M

January 14, 2025January 14, 2025

Financiers Richard and Cornelia Thornburgh sold their waterfront home on Palm Beach’s Everglades Island for $25.4 million. Records show the Thornburghs sold the house at

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Office bargain: Foundry sells Sunrise building for M –– 36% discount from purchase price seven years ago
Business

Office bargain: Foundry sells Sunrise building for $37M –– 36% discount from purchase price seven years ago

January 14, 2025January 14, 2025

Foundry Commercial sold an office building in Sunrise for $20.9 million less than it had paid seven years ago, as suburban properties continued to trade

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Mike Tyson buys lakefront spec mansion in Delray Beach
Business

Mike Tyson buys lakefront spec mansion in Delray Beach

January 14, 2025January 14, 2025

Former pro boxer Mike Tyson bought a lakefront spec mansion in Delray Beach for $13 million.  Tyson and his wife, Lakiha, signed a purchase agreement

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BDT & MSD proposes 60-unit project at Boca Raton Resort, amid luxury condo frenzy in South Florida
Business

BDT & MSD proposes 60-unit project at Boca Raton Resort, amid luxury condo frenzy in South Florida

January 14, 2025January 14, 2025

BDT & MSD Partners proposes a 60-unit condominium at Boca Raton Resort & Club, amid a development frenzy for luxury projects in South Florida.  The

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