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Category: Business

Clara Homes lands M construction loan for Bay Harbor Islands project, amid record South Florida multifamily pipeline
Business

Clara Homes lands $54M construction loan for Bay Harbor Islands project, amid record South Florida multifamily pipeline

August 16, 2024August 16, 2024

Clara Homes scored a $53.6 million construction loan for its Bay Harbor Islands multifamily project, advancing the development into its next stage.  The deal comes

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Witkoff, Blavatnik plan luxury hotel and private golf club at former Banyan Cay Resort in West Palm
Business

Witkoff, Blavatnik plan luxury hotel and private golf club at former Banyan Cay Resort in West Palm

August 16, 2024August 16, 2024

West Palm Beach is getting a new private golf club and a luxury hotel after years of stalled progress at the Banyan Cay Resort site. 

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Agent exodus expected in South Florida as NAR policy changes take effect
Business

Agent exodus expected in South Florida as NAR policy changes take effect

August 15, 2024August 15, 2024

South Florida agents and brokers have spent months preparing for policy shifts that will take effect this weekend, affecting how buyer’s agents are compensated.  But

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Doral City Council green-lights Trump Doral condo expansion
Business

Doral City Council green-lights Trump Doral condo expansion

August 15, 2024August 15, 2024

Doral City Council members approved the Trump Organization’s proposal to develop up to 1,500 luxury condos on the Trump National Doral Miami property.  Mayor Christi

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Multiplan launches sales for oceanfront Surfside condos 
Business

Multiplan launches sales for oceanfront Surfside condos 

August 15, 2024August 15, 2024

Multiplan Real Estate Asset Management is launching sales of a planned boutique oceanfront condo building in Surfside, seven months after buying the site. The 12-story

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Construction mogul’s widow sells waterfront Key Biscayne home for M
Business

Construction mogul’s widow sells waterfront Key Biscayne home for $20M

August 15, 2024August 15, 2024

The widow of a construction mogul sold her waterfront Key Biscayne home for $19.5 million, marking the latest pricey sale on the island enclave this

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Miami-Dade’s aviation department moving to new digs after M purchase of office building near MIA
Business

Miami-Dade’s aviation department moving to new digs after $26M purchase of office building near MIA

August 15, 2024August 15, 2024

Miami-Dade County paid $26.3 million for an office building for its aviation department.  The county bought the six-story, 112,500-square-foot building at 7200 Northwest 19th Street

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Loews getting 5M refi for oceanfront Miami Beach resort
Business

Loews getting $305M refi for oceanfront Miami Beach resort

August 14, 2024August 14, 2024

Loews Corporation is getting a $305 million refinancing of the loan backing its oceanfront Miami Beach resort.  The financing is for the 5-acre, 790-key hotel

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Palm Beach considers closing Mar-a-Lago in response to road closure
Business

Palm Beach considers closing Mar-a-Lago in response to road closure

August 14, 2024August 14, 2024

With the high season just around the corner, Palm Beach is considering closing Donald Trump’s Mar-a-Lago Club to members, guests and events. The town is

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13th Floor lands M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction
Business

13th Floor lands $83M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction

August 14, 2024August 14, 2024

13th Floor Investments landed an $83 million construction loan for a planned 398-unit apartment complex in Hallandale Beach.    The deal comes as South Florida is

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