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Category: Business

Hedge funder Patrick McMahon sells Surf Club condo for M
Business

Hedge funder Patrick McMahon sells Surf Club condo for $25M

March 28, 2025March 28, 2025

Hedge funder Patrick McMahon sold his condo at Four Seasons Residences at the Surf Club for $24.9 million to an entity linked to WorldQuant founder

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Following South Florida buying binge, Longpoint sheds Miami-Dade warehouse for M
Business

Following South Florida buying binge, Longpoint sheds Miami-Dade warehouse for $44M

March 28, 2025March 28, 2025

Following a busy South Florida two-year buying binge, Longpoint shed a warehouse near Miami Gardens for $43.5 million. An affiliate of Boston-based Longpoint, led by

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South Florida by the numbers: Farewell to Florida property taxes?
Business

South Florida by the numbers: Farewell to Florida property taxes?

March 28, 2025March 28, 2025

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  In his recent State of

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Domino effect: Surge in trophy home sales brings spotlight back to Miami Beach
Business

Domino effect: Surge in trophy home sales brings spotlight back to Miami Beach

March 28, 2025March 28, 2025

Five years ago, a $120 million home sale in Miami Beach would have been unthinkable.  Then came the pandemic, supercharging the market across South Florida.

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Top Elliman agent Miltiadis Kastanis returns to Compass 
Business

Top Elliman agent Miltiadis Kastanis returns to Compass 

March 27, 2025March 27, 2025

One of Douglas Elliman’s top agents in Florida returned to Compass.  Miltiadis Kastanis, who had been with Elliman for about seven years, joined Compass on

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Public Storage beefs up Plantation presence with M facilities purchase
Business

Public Storage beefs up Plantation presence with $57M facilities purchase

March 27, 2025March 27, 2025

Public Storage expanded its portfolio in Plantation after dropping a combined $57.3 million for two facilities.  In the larger deal, Glendale, California-based Public Storage, led

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Will Pinnacle’s apartment project near Fort Lauderdale waterfront fetch M-plus? 
Business

Will Pinnacle’s apartment project near Fort Lauderdale waterfront fetch $50M-plus? 

March 27, 2025March 27, 2025

Pinnacle Housing Group’s two-year-old apartment project near Fort Lauderdale’s waterfront is hitting the market, and the listing brokers are expecting offers in the $50 million-plus

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Miami Beach’s Kimpton Surfcomber Hotel engulfed in messy ground lease dispute 
Business

Miami Beach’s Kimpton Surfcomber Hotel engulfed in messy ground lease dispute 

March 27, 2025March 27, 2025

A convoluted legal fight is brewing over a portion of the land underneath the Kimpton Surfcomber Hotel in Miami Beach. Sean and Nicole Mirmelli, as

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AquaBlu closing tops Broward weekly condo sales 
Business

AquaBlu closing tops Broward weekly condo sales 

March 27, 2025March 27, 2025

Broward County’s condo sales and dollar volume dropped last week. Brokers closed 116 condo sales totaling $38.2 million from Mar. 16 to Mar. 23. The

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Developer Ugo Colombo's wife buys waterfront home in Miami’s Bay Point
Business

Developer Ugo Colombo's wife buys waterfront home in Miami’s Bay Point

March 26, 2025March 26, 2025

Developer Ugo Colombo’s wife Sara bought a waterfront home in Miami’s Bay Point neighborhood, The Real Deal has learned.  Property records show Pardus Two LLC,

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