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Category: Business

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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Meet Miami-Dade’s go-to lobbyists for real estate developers
Business

Meet Miami-Dade’s go-to lobbyists for real estate developers

September 3, 2024September 3, 2024

They add skyscrapers to Miami’s skyline and bring new single-family home communities into existence in southwest Miami-Dade. But they’re not the developers. No, they’re the

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Citrix sells its Fort Lauderdale HQ for M, leases back office space   
Business

Citrix sells its Fort Lauderdale HQ for $37M, leases back office space   

August 30, 2024August 30, 2024

Cloud computing and software company Citrix sold its headquarters in Fort Lauderdale for $37 million, leasing back its office space.  Citrix sold the nine-story building

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Masoud Shojaee gets grilled in court depo about Shoma bank accounts
Business

Masoud Shojaee gets grilled in court depo about Shoma bank accounts

August 30, 2024August 30, 2024

In an intense court deposition this month, Masoud Shojaee was grilled about multiple bank transfers involving affiliates of his Coral Gables-based firm, Shoma Group. The

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