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Category: Business

One Thousand Museum closing tops Miami-Dade weekly condo sales
Business

One Thousand Museum closing tops Miami-Dade weekly condo sales

September 4, 2024September 4, 2024

Miami-Dade County’s condo sales and dollar volume rose last week, while the average sale price and price per square foot fell. Brokers closed 154 condo

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Scaffolding partially collapses at oceanfront Miami Beach condo building 
Business

Scaffolding partially collapses at oceanfront Miami Beach condo building 

September 3, 2024September 3, 2024

A partial collapse of scaffolding at an oceanfront condo building in Miami Beach injured two people on Tuesday afternoon.  The accident happened at Villa Di

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DJ David Guetta sells Setai condo for M
Business

DJ David Guetta sells Setai condo for $16M

September 3, 2024September 3, 2024

A year after going into contract to buy a trophy estate in Indian Creek Village, French DJ and music producer David Guetta sold his Setai

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Publix’s M double play: Grocer adds two Broward shopping centers to South Florida portfolio 
Business

Publix’s $83M double play: Grocer adds two Broward shopping centers to South Florida portfolio 

September 3, 2024September 3, 2024

Publix continues expanding its South Florida portfolio, picking up a pair of Davie shopping centers for a combined $83 million.  The Lakeland-based grocery chain paid

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Invesca lands M loan for rental-to-condo conversion in Pompano Beach, aiming to match demand
Business

Invesca lands $55M loan for rental-to-condo conversion in Pompano Beach, aiming to match demand

September 3, 2024September 3, 2024

Invesca Development Group landed a $55.2 million loan for an apartment-to-condo conversion of a 214-unit complex in Pompano Beach.  The plan to switch the Envy

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Coral Gables teardown, Coconut Grove unit lead luxury contracts in Miami-Dade
Business

Coral Gables teardown, Coconut Grove unit lead luxury contracts in Miami-Dade

September 3, 2024September 3, 2024

Buyers signed contracts to purchase 19 luxury properties in Miami-Dade County last week, a jump in activity at the unofficial end of summer.  The contracts,

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Movers & Shakers: Suffolk taps new South Florida VP
Business

Movers & Shakers: Suffolk taps new South Florida VP

September 3, 2024September 3, 2024

In the latest roundup of South Florida hiring news, firms are bulking up their leadership.  Suffolk Construction, one of the nation’s largest construction firms, tapped

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Saddled with debt woes, Raoul Thomas’ hotel investments are unraveling. But he’s not giving up.
Business

Saddled with debt woes, Raoul Thomas’ hotel investments are unraveling. But he’s not giving up.

September 3, 2024September 3, 2024

As Raoul Thomas clung to hope that he would recapitalize his $285 million loan on the Waldorf Astoria Washington DC in time to avoid losing

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The builders: Ranking Miami’s construction firms
Business

The builders: Ranking Miami’s construction firms

September 3, 2024September 3, 2024

At a busy intersection in North Miami, construction of the 382-unit Manor Biscayne apartment project is underway. So far, the eight-story building is a gray

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The last piece of paradise: Palm Beach battles for its only major dev site left
Business

The last piece of paradise: Palm Beach battles for its only major dev site left

September 3, 2024September 3, 2024

The room burst into applause.  That’s not typical for development review meetings. But Maggie Zeidman, then-president of Palm Beach’s Town Council, had just suggested a

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