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Category: Business

Movers & Shakers: Shoreham Capital taps VP of investments
Business

Movers & Shakers: Shoreham Capital taps VP of investments

July 29, 2024July 29, 2024

In the latest roundup of South Florida real estate hiring news, firms are bringing in new leadership and expanding their ranks. In West Palm Beach,

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The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly 
Business

The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly 

July 28, 2024July 28, 2024

Summers are usually slower than the rest of the year. Our sources go on vacation. Deal activity slows down. Properties are taken off the market. 

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Watson Island condo revamp? Developers’ 0M+ purchases of city-owned sites head to Miami voters
Business

Watson Island condo revamp? Developers’ $160M+ purchases of city-owned sites head to Miami voters

July 26, 2024July 26, 2024

Voters will decide whether the city can sell land on Miami’s Watson Island to two development groups in separate deals geared at developing more condos. 

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L+R Hotels’ M loan on Fort Lauderdale Marriott enters special servicing 
Business

L+R Hotels’ $22M loan on Fort Lauderdale Marriott enters special servicing 

July 26, 2024July 26, 2024

A $22.4 million loan on the Fort Lauderdale Marriott North entered special servicing, according to data from Morningstar Credit, further evidence of South Florida commercial

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Lisa Hochstein’s boyfriend sells waterfront Miami Beach home
Business

Lisa Hochstein’s boyfriend sells waterfront Miami Beach home

July 26, 2024July 26, 2024

Tech CEO Jody Glidden, the boyfriend of Lisa Hochstein of “The Real Housewives of Miami” fame, sold his waterfront Miami Beach home to his next-door

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One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower
Business

One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower

July 26, 2024July 26, 2024

Michael Stern’s JDS Development Group replaced Official, the brokerage co-founded by Tal and Oren Alexander brothers, as the sales and marketing firm for 888 Brickell,

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New York financier sells Surf Club Four Seasons condo for M, more than doubling price in five years
Business

New York financier sells Surf Club Four Seasons condo for $19M, more than doubling price in five years

July 26, 2024July 26, 2024

Financier Bippy Siegal and his wife sold their condo at the oceanfront Four Seasons Residences at the Surf Club in Surfside for $18.5 million, months

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Kolter drops M for Delray Beach dev site, amid its South Florida resi construction spree
Business

Kolter drops $22M for Delray Beach dev site, amid its South Florida resi construction spree

July 26, 2024July 26, 2024

Kolter Group scooped up an asphalt paving business’s headquarters in Delray Beach for $21.9 million as a potential development site.  Delray Beach-based Kolter bought the

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Ex-Miami commissioner Alex Diaz de la Portilla faces new lawsuit alleging marina shakedown
Business

Ex-Miami commissioner Alex Diaz de la Portilla faces new lawsuit alleging marina shakedown

July 25, 2024July 25, 2024

Lobbyist Manuel Prieguez relaunched his legal offensive against former Miami commissioner Alex Diaz de la Portilla, filing an amended lawsuit over an alleged shakedown involving

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Lennar, BH drop M on shuttered Aventura area golf course to develop homes
Business

Lennar, BH drop $18M on shuttered Aventura area golf course to develop homes

July 25, 2024July 25, 2024

Lennar and BH Group dropped $17.5 million on a shuttered 104.3-acre golf course near Aventura, to redevelop with single-family homes. The partnership plans to tear

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