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Category: Business

Revealed: Hedge funder Ara Cohen linked to M worth of Palm Beach resi deals
Business

Revealed: Hedge funder Ara Cohen linked to $67M worth of Palm Beach resi deals

April 9, 2025April 9, 2025

A case of Palm Beach house-hopping has amounted to more than $67 million in residential deals on the island. Hedge funder Ara Cohen is linked

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Holy war: Brickell residents crusade against 13th Floor and Key’s planned 80-story tower behind Presbyterian church 
Business

Holy war: Brickell residents crusade against 13th Floor and Key’s planned 80-story tower behind Presbyterian church 

April 9, 2025April 9, 2025

For some Brickell residents, a planned 80-story condo tower behind First Miami Presbyterian Church is far from a blessing.  Since at least 2021, Arnaud Karsenti’s

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Nigerian national sentenced to six years in prison for fraud scheme in Boca Raton, Lake Worth
Business

Nigerian national sentenced to six years in prison for fraud scheme in Boca Raton, Lake Worth

April 9, 2025April 9, 2025

A Nigerian national was sentenced to six years in federal prison for orchestrating a scheme in which he impersonated sellers of residential properties in Palm

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Studio Three gym leases at OKO, Cain’s 830 Brickell tower
Business

Studio Three gym leases at OKO, Cain’s 830 Brickell tower

April 9, 2025April 9, 2025

Studio Three will open a gym at the 830 Brickell tower in Miami.  The fitness studio leased 5,800 square feet at the 57-story office tower

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Russell Galbut makes another play for historic Miami-Dade courthouse
Business

Russell Galbut makes another play for historic Miami-Dade courthouse

April 9, 2025April 9, 2025

For the second time in eight years, Russell Galbut is seeking to make a deal with Miami-Dade County for control of the historic Flagler Street

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Adam Neumann lands 5M loan for Miami Flow House condos
Business

Adam Neumann lands $155M loan for Miami Flow House condos

April 9, 2025April 9, 2025

Adam Neumann scored a $155 million loan for his under-construction Flow House condos in downtown Miami. Invictus Real Estate Partners and Integritas Capital, both based

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Kirkland House closing tops Palm Beach County weekly condo sales 
Business

Kirkland House closing tops Palm Beach County weekly condo sales 

April 9, 2025April 9, 2025

Palm Beach County’s condo sales and dollar volume surged last week.  Brokers closed 174 condo sales totaling $216.4 million from Mar. 30 to Apr. 6.

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Stuart Miller won’t face fines for 5K in allegedly illegal political donations
Business

Stuart Miller won’t face fines for $125K in allegedly illegal political donations

April 8, 2025April 8, 2025

Lennar head honcho Stuart Miller won’t face punishment for allegedly dropping $125,000 in illegal political contributions to committees supporting Republican candidates. The Federal Elections Commission

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Biotech fund manager buys penthouse at Martin and Galbut’s Five Park tower
Business

Biotech fund manager buys penthouse at Martin and Galbut’s Five Park tower

April 8, 2025April 8, 2025

A biotech fund manager at Citadel’s Surveyor Capital paid $19.5 million for a penthouse at Five Park, Russell Galbut and David Martin’s Miami Beach condo

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DC construction boss drops M on Admirals Cove home in Jupiter
Business

DC construction boss drops $15M on Admirals Cove home in Jupiter

April 8, 2025April 8, 2025

Kenneth Grunley, CEO of Grunley Construction, bought a waterfront home in Jupiter’s gated Admirals Cove community for $15.3 million. Records show Grunley bought the house

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