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Category: Business

Waterfront Naples estate sells for 5M, marking second-highest US home sale
Business

Waterfront Naples estate sells for $225M, marking second-highest US home sale

April 28, 2025April 28, 2025

The billionaire DeGroote family sold their waterfront Naples estate for $225 million, marking the second-highest priced home sale in the country.  The sale, to a

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Lease roundup: Restaurateur Jay Shirodkar plans steakhouse in Flagler Village, CDS Realty lands office tenants in Hollywood
Business

Lease roundup: Restaurateur Jay Shirodkar plans steakhouse in Flagler Village, CDS Realty lands office tenants in Hollywood

April 28, 2025April 28, 2025

Jay’s Steakhouse | Fort Lauderdale  Prominent restaurateur Jay Shirodkar, known for his Naked Taco venues in South Florida, plans a new dining concept in Fort

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Movers & Shakers: Elliman names Kellen Porter Florida COO
Business

Movers & Shakers: Elliman names Kellen Porter Florida COO

April 28, 2025April 28, 2025

Douglas Elliman named Kellen Porter chief operating officer for Florida, according to a company announcement. Porter joins Elliman from Pacific Sotheby’s International Realty in San

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The Weekly Dirt: Are height increases for sale in the city of Miami Beach?
Business

The Weekly Dirt: Are height increases for sale in the city of Miami Beach?

April 27, 2025April 27, 2025

“Hypocrite” was a word that got thrown around at last week’s Miami Beach commission meeting.  But it wasn’t residents or other members of the public

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Michael Stern’s JDS scores upzoning approval to build South Beach condo tower
Business

Michael Stern’s JDS scores upzoning approval to build South Beach condo tower

April 25, 2025April 25, 2025

The Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury

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Raanan Katz jumps onboard Publix buying spree, pays M for Miramar site
Business

Raanan Katz jumps onboard Publix buying spree, pays $16M for Miramar site

April 25, 2025April 25, 2025

Raanan Katz is getting in on the Publix action. His Sunny Isles Beach-based RK Centers paid $16.4 million for a Miramar shopping center anchored by

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Freehold Capital pays M for dev site approved for 309 townhouses in south Miami-Dade 
Business

Freehold Capital pays $32M for dev site approved for 309 townhouses in south Miami-Dade 

April 25, 2025April 25, 2025

Legacy Residential Group and CD Group sold a development site near Florida City for $31.6 million, scrapping their plan for 309 rental townhouses.  Boston-based Freehold

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Patrick Carroll agrees to mental health program in LA criminal case
Business

Patrick Carroll agrees to mental health program in LA criminal case

April 25, 2025April 25, 2025

Patrick Carroll will undergo mental health counseling for two years, in exchange for Los Angeles prosecutors dismissing a criminal case against him. The multifamily syndicator

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Resi sales fall across South Florida in March
Business

Resi sales fall across South Florida in March

April 25, 2025April 25, 2025

Home sales fell across South Florida in March. Still, dollar volume rose for the region, according to Multiple Listing Service data collected by the Miami

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Spec developer Patrick Carney plans Palm Beach mansion, faces pushback from neighbors
Business

Spec developer Patrick Carney plans Palm Beach mansion, faces pushback from neighbors

April 25, 2025April 25, 2025

Spec developer Patrick Carney is planning to build a mansion in Palm Beach, but neighbors are pushing back against the project. Carney bought the home

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