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Category: Business

Maxx scoops up 145-unit apartment complex in Wilton Manors for M, amid multifamily investment sales slowdown
Business

Maxx scoops up 145-unit apartment complex in Wilton Manors for $47M, amid multifamily investment sales slowdown

September 13, 2024September 13, 2024

Maxx Properties scooped up a 145-unit apartment complex in Wilton Manors for $46.6 million, amid a South Florida multifamily investment sales slowdown.  The Purchase, New

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Artefacto’s Paulo Bacchi sells two waterfront Palm Island properties for M
Business

Artefacto’s Paulo Bacchi sells two waterfront Palm Island properties for $20M

September 13, 2024September 13, 2024

Artefacto owner Paulo Bacchi sold a pair of waterfront properties on Miami Beach’s Palm Island to concrete mogul Randall Edgar for a combined $20 million. 

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Miami-Dade departments getting new offices after 2M acquisition
Business

Miami-Dade departments getting new offices after $182M acquisition

September 12, 2024September 12, 2024

Miami-Dade County paid $182 million for a 1970s office complex that will house various departments. An affiliate of New York-based Bushburg Properties sold The Current

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Ansin family’s Sunbeam proposes nearly 3,000-unit resi project in Miramar, amid record apartment pipeline
Business

Ansin family’s Sunbeam proposes nearly 3,000-unit resi project in Miramar, amid record apartment pipeline

September 12, 2024September 12, 2024

The billionaire Ansin family proposes a massive mixed-use project with more than 2,800 residential units in Miramar, amid a record multifamily construction pipeline in South

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Infinity Collective evicts LuxUrban Hotels from South Beach building
Business

Infinity Collective evicts LuxUrban Hotels from South Beach building

September 12, 2024September 12, 2024

Infinity Collective is the latest Miami Beach landlord to give troubled hospitality firm LuxUrban Hotels the boot.  Last month, New York-based Infinity, led by Steve

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Palm Beach home sells for M, M markup in four years 
Business

Palm Beach home sells for $17M, $7M markup in four years 

September 12, 2024September 12, 2024

A non-waterfront Palm Beach home traded between two trusts for $17.1 million, marking a $6.8 million uptick in price from its last sale in 2020. 

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Mexican firm sells condo dev site in Brickell to partner
Business

Mexican firm sells condo dev site in Brickell to partner

September 12, 2024September 12, 2024

A Mexican firm that invested in Brickell development sites over the past two years sold one of the properties. Yet, it still plans to partner

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Mixed messages: South Florida agents adjust to NAR changes
Business

Mixed messages: South Florida agents adjust to NAR changes

September 12, 2024September 12, 2024

South Florida broker David Kurz got a call recently from a prospective buyer who asked to see an Aventura home that same day.  To do

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Shops at Sunset Place redevelopment scores South Miami approval
Business

Shops at Sunset Place redevelopment scores South Miami approval

September 11, 2024September 11, 2024

Alex Vadia’s Midtown Development is moving forward with plans to redevelop the Shops at Sunset Place in South Miami into a mixed-use project with about

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Graham family plans 220-unit multifamily complex in Miami Lakes, amid record South Florida rentals pipeline
Business

Graham family plans 220-unit multifamily complex in Miami Lakes, amid record South Florida rentals pipeline

September 11, 2024September 11, 2024

Graham Companies, the family owned developer of Miami Lakes and its biggest property owner, proposes a 220-unit multifamily complex in the town.  Led by CEO

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