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Category: Business

Longpoint bulks up South Florida industrial portfolio with M Medley purchase
Business

Longpoint bulks up South Florida industrial portfolio with $27M Medley purchase

September 6, 2024September 6, 2024

Longpoint continues bulking up its South Florida industrial portfolio, recently paying $27.2 million for three Medley warehouses. An affiliate of Boston-based Longpoint, led by founding

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MG Developer expands into hospitality after buying Miami hotel for M
Business

MG Developer expands into hospitality after buying Miami hotel for $36M

September 6, 2024September 6, 2024

MG Developer is entering the hospitality sector after paying $36 million for a hotel near Miami International Airport. Coral Gables-based MG, led by Alirio Torrealba

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Lennar in contract to buy Barry University land, downsizes proposed project to 227 townhomes
Business

Lennar in contract to buy Barry University land, downsizes proposed project to 227 townhomes

September 6, 2024September 6, 2024

Lennar proposes a 227-townhouse development on Barry University land in Miami Shores, marking a significant downsizing of the homebuilder’s previously planned project.  Miami-based Lennar is

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Rreef sells Pembroke Pines multifamily complex for 0M — a 9% discount from purchase price two years ago
Business

Rreef sells Pembroke Pines multifamily complex for $110M — a 9% discount from purchase price two years ago

September 6, 2024September 6, 2024

Rreef Property Trust sold a 368-unit apartment complex in Pembroke Pines for $110 million, marking a 9 percent discount from its purchase price two years

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Summer slump: Miami-Dade condo sales volume drops in August to 0M 
Business

Summer slump: Miami-Dade condo sales volume drops in August to $470M 

September 6, 2024September 6, 2024

Miami-Dade County’s condo sales, dollar volume, and price per square foot fell all last month amid the summer slump. August condo sales totaled $470 million,

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Resi roundup: Former auctioneer Leslie Hindman sells Palm Beach home
Business

Resi roundup: Former auctioneer Leslie Hindman sells Palm Beach home

September 6, 2024September 6, 2024

In the latest roundup of South Florida luxury residential deals, pioneering Chicago auctioneer Leslie Hindman sold her Palm Beach house for $9.8 million. Other luxury

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Elliman’s Eklund-Gomes team taking over sales of SoLé Mia condo tower
Business

Elliman’s Eklund-Gomes team taking over sales of SoLé Mia condo tower

September 5, 2024September 5, 2024

Douglas Elliman’s Eklund-Gomes team is taking over sales and marketing of One Park Tower, a luxury condo building under construction at SoLé Mia, a master-planned

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Publix bags two more South Florida shopping centers for M
Business

Publix bags two more South Florida shopping centers for $67M

September 5, 2024September 5, 2024

Publix filled up its real estate cart with more South Florida shopping centers, paying a combined $67 million for a pair of Palm Beach retail

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Hammocks receiver scales down HOA oversight, settles suits against vendors accused of aiding alleged fraud
Business

Hammocks receiver scales down HOA oversight, settles suits against vendors accused of aiding alleged fraud

September 5, 2024September 5, 2024

The Hammocks, the embattled West Kendall homeowners association where former board members allegedly ran a massive fraud, has exited receivership. But that doesn’t mean it

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Jeff Greene fires back at One West Palm’s former project manager
Business

Jeff Greene fires back at One West Palm’s former project manager

September 5, 2024September 5, 2024

Billionaire Jeff Greene is hitting back at the general contractor previously overseeing his One West Palm mixed-use project.  Greene’s development entity 1370 South Ocean on

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