Malaysian casino conglomerate Genting Group sold a piece of its downtown Miami land holdings. An affiliate of Kuala Lumpur-based Genting sold the 0.8-acre, six-parcel assemblage
Category: Business
Panattoni offloads former Miami Herald HQ at a loss for $26M
Panattoni Development is abandoning plans to redevelop the Miami Herald’s former home in Doral, selling the 9-acre site at a loss for $25.9 million. A
Grant Cardone offers $230M for Boca Raton distressed multifamily project
A Grant Cardone-led entity submitted a $230 million stalking horse bid for Penn-Florida Companies’ 101 Via Mizner in Boca Raton. Aventura-based Cardone Real Estate Acquisitions
Pace Gallery CEO sells Palm Beach home at discount to ex-Dodgers CEO for $19M
Marc Glimcher, president and CEO of Pace Gallery, sold his lakefront Palm Beach house for $19.2 million to Jamie McCourt, the former Dodgers CEO and
Miami-Dade cracks down on 800-plus restaurants that failed to collect 1% sales tax
Denise Yaniz, owner of Kendall restaurant Sushi2Mee, experienced a seismic jolt to her business six months ago. On top of tacking Florida’s 7 percent sales
Bridge Industrial scores $78M refi for warehouse complex near Miami-Opa locka Executive Airport
Bridge Industrial scored a $77.6 million refinancing for its warehouse complex near the Miami-Opa locka Executive Airport. State Farm Life Insurance Company provided the loan
Redwood Dev Co drops $80M on Lennar townhomes
David Burstyn and Brian Sidman’s Redwood Dev Co bought 223 newly built townhomes in two projects for $80 million. Miami Beach-based Redwood bought the 174-unit
Palm Beach County weekly condo sales surge to $63M
Palm Beach County’s condo sales and dollar volume rose in the last week of May. Brokers closed 129 condo sales totaling $62.6 million from May
Miami-Dade’s taxable property values reach $512B, as growth slows
Taxable property values in Miami-Dade keep growing, but momentum is easing — and condos are dragging down the market, according to the property appraiser’s latest
Barry Sternlicht’s Starwood sells West Palm retail center for $133M
Barry Sternlicht’s Starwood Capital Group sold a Whole Foods-anchored shopping center in West Palm Beach for $133.2 million. An affiliate of Atlanta-based Invesco purchased The