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Category: Business

YMP Real Estate adds another Broward office complex to portfolio
Business

YMP Real Estate adds another Broward office complex to portfolio

August 7, 2024August 7, 2024

For the second time in five months, YMP Real Estate beefed up its commercial portfolio by acquiring a Broward County office complex. An affiliate of

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Lennar drops M on Homestead dev site, in contract for Princeton site
Business

Lennar drops $28M on Homestead dev site, in contract for Princeton site

August 7, 2024August 7, 2024

One of the largest homebuilders in the country is scooping up more development sites in Miami-Dade County. Records show Lennar bought a 59-acre site in

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Citizens Property Insurance seeks approval for rate hike 
Business

Citizens Property Insurance seeks approval for rate hike 

August 7, 2024August 7, 2024

Citizens Property Insurance requested a 13.5 percent rate hike that will likely affect property owners in the most expensive home insurance market in the country. 

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Dezer seeks site plan, waivers approval for long-planned Uptown Harbour project
Business

Dezer seeks site plan, waivers approval for long-planned Uptown Harbour project

August 7, 2024August 7, 2024

Four years after scoring a key approval for the redevelopment of North Miami Beach’s Intracoastal Mall, Dezer Development is taking the next step. Sunny Isles

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Miami-Dade County condo sales dollar volume drops in July to 4M 
Business

Miami-Dade County condo sales dollar volume drops in July to $624M 

August 7, 2024August 7, 2024

Miami-Dade County’s sales, dollar volume and price per square foot tumbled in July. July condo sales totaled $624 million, falling from $699 million in June.

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BDT & MSD nets M with B refi of Boca Raton Resort & Club
Business

BDT & MSD nets $64M with $1B refi of Boca Raton Resort & Club

August 6, 2024August 6, 2024

BDT & MSD Partners is making big equity gains thanks to a $1 billion refinancing of Boca Raton Resort & Club.  Citi Real Estate Funding

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CMC, Morabito finish Bay Harbor Islands condo project
Business

CMC, Morabito finish Bay Harbor Islands condo project

August 6, 2024August 6, 2024

CMC Group and Morabito Properties completed Onda Residences, their waterfront luxury Bay Harbor Islands condo project.  The joint venture has sold all but three units

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Centaur scores 0M loan for Panther National project in Avenir
Business

Centaur scores $160M loan for Panther National project in Avenir

August 6, 2024August 6, 2024

Centaur Holdings landed a $160 million loan for Panther National, a planned luxury single-family home community near Palm Beach Gardens.  West Palm Beach-based Southern Realty

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Residences by Armani/Casa closing tops Miami-Dade weekly condo sales 
Business

Residences by Armani/Casa closing tops Miami-Dade weekly condo sales 

August 6, 2024August 6, 2024

Miami-Dade County’s condo sales and dollar volume rose last week, with a unit at Residences by Armani/Casa leading the way. Brokers closed 156 condo sales

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South Florida’s multifamily construction pipeline reaches record, as developers seize on south Miami-Dade
Business

South Florida’s multifamily construction pipeline reaches record, as developers seize on south Miami-Dade

August 5, 2024August 5, 2024

Across South Florida, developers are building a record number of multifamily units. The booming pipeline comes as the tri-county region’s leasing frenzy has slowed and

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