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Category: Business

These were 2024’s biggest news stories in South Florida real estate 
Business

These were 2024’s biggest news stories in South Florida real estate 

December 31, 2024December 31, 2024

This year saw record prices for waterfront homes and new projects launched by developers, buoyed by enduring demand.  On the flip side, South Florida’s office

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Baron buys out MG Developer’s interest in two South Florida projects
Business

Baron buys out MG Developer’s interest in two South Florida projects

December 31, 2024December 31, 2024

Baron Property Group has taken full control of two apartment projects in Hialeah and near Coral Gables after buying out its partner, MG Developer.  “We

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Douglas Elliman takes over Vector Group’s office in Miami
Business

Douglas Elliman takes over Vector Group’s office in Miami

December 31, 2024December 31, 2024

Douglas Elliman is taking over Vector Group’s office lease in Miami’s Design District. The brokerage will now occupy the entire 10th floor of the building

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Oak Row buying Aimco’s bayfront Brickell assemblage for 0M
Business

Oak Row buying Aimco’s bayfront Brickell assemblage for $520M

December 31, 2024December 31, 2024

Oak Row Equities is in line for one of South Florida’s biggest real estate deals.  The firm is in contract to purchase a 4.25-acre bayfront

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Regency Development lands M construction loan for Bay Harbor condo project, as South Florida financings flow
Business

Regency Development lands $56M construction loan for Bay Harbor condo project, as South Florida financings flow

December 31, 2024December 31, 2024

Regency Development Group landed a $55.7 million construction loan for a luxury waterfront condo project in Bay Harbor Islands.  The deal adds to a torrent

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M waterfront Miami Beach home tops year-end signed contracts report 
Business

$25M waterfront Miami Beach home tops year-end signed contracts report 

December 30, 2024December 30, 2024

The pending sale of a waterfront Miami Beach home asking $25 million topped last week’s signed contracts in Miami-Dade County, closing out the final full

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Cleveland Clinic plans outpatient center at Steve Ross project in downtown West Palm
Business

Cleveland Clinic plans outpatient center at Steve Ross project in downtown West Palm

December 30, 2024December 30, 2024

Cleveland Clinic is planning an outpatient center at one of Steve Ross’ projects in downtown West Palm Beach in addition to a separate new hospital

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Cabot acquires Lake Park complex for M as warehouse deals surge
Business

Cabot acquires Lake Park complex for $91M as warehouse deals surge

December 30, 2024December 30, 2024

Cabot Properties joined the list of South Florida’s top industrial buyers in 2024 after paying $91.3 million for a recently completed industrial complex in Lake

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Lease roundup: Ferraro moving law office to Miami’s Edgewater, boutique investment bank opens in Brickell 
Business

Lease roundup: Ferraro moving law office to Miami’s Edgewater, boutique investment bank opens in Brickell 

December 30, 2024December 30, 2024

Ferraro Law Firm | Edgewater | Miami Ferraro Law Firm is ditching Brickell in favor of Edgewater.  The law firm leased 28,000 square feet at

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Here are South Florida’s biggest industrial leases of 2024
Business

Here are South Florida’s biggest industrial leases of 2024

December 30, 2024December 30, 2024

South Florida’s industrial market started showing signs of softening this year.  The three biggest leases signed this year were for 200,000 square feet or more,

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