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Category: Business

Developer Andres Isaias buys North Bay Road teardown for M, plans M spec mansion
Business

Developer Andres Isaias buys North Bay Road teardown for $17M, plans $65M spec mansion

April 3, 2025April 3, 2025

Developer Andres Isaias bought a waterfront North Bay Road teardown for $17 million, with plans to tear it down and build a trophy spec home. 

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Rent reprieve: Miami rates drop nearly 8% y-o-y, amid supply overhang
Business

Rent reprieve: Miami rates drop nearly 8% y-o-y, amid supply overhang

April 3, 2025April 3, 2025

After leading the nation in apartment rent hikes in recent years, South Florida is getting a reprieve.  In Miami, monthly rents for two-bedroom units averaged

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Apogee Beach closing tops Broward weekly condo sales 
Business

Apogee Beach closing tops Broward weekly condo sales 

April 3, 2025April 3, 2025

Broward County’s condo sales and dollar volume rose in the last week of March.  Brokers closed 152 condo sales totaling $49 million from Mar. 23

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Universal Property settles claims of insurance fraud, will pay state .5M
Business

Universal Property settles claims of insurance fraud, will pay state $6.5M

April 2, 2025April 2, 2025

Universal Property & Casualty Insurance Company will not receive more than $30 million that it sought in allegedly fraudulent insurance claims in Florida after settling

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Designer, former NYC commissioner sell Palm Beach house for M
Business

Designer, former NYC commissioner sell Palm Beach house for $16M

April 2, 2025April 2, 2025

Designer Regine Traulsen and her husband, Bill Diamond, a former New York City commissioner, sold their longtime Palm Beach home for $16.2 million. Records show

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Steve Ross commits M to Vanderbilt’s West Palm Beach campus
Business

Steve Ross commits $50M to Vanderbilt’s West Palm Beach campus

April 2, 2025April 2, 2025

Steve Ross committed a $50 million donation to Vanderbilt University for its planned West Palm Beach graduate school campus, an expansion the billionaire developer has

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Carlos Rosso and partners plan major mixed-use development on former Walmart site in Midtown Miami
Business

Carlos Rosso and partners plan major mixed-use development on former Walmart site in Midtown Miami

April 2, 2025April 2, 2025

Development of a long-vacant plot of land in Midtown Miami, where a controversial Walmart was once planned, is moving forward.  Proper Hospitality is teaming with

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Sun & Surf closing tops Palm Beach County weekly condo sales 
Business

Sun & Surf closing tops Palm Beach County weekly condo sales 

April 2, 2025April 2, 2025

Palm Beach County’s condo dollar volume rose in the last week of March.  Brokers closed 119 condo sales totaling $70.9 million from Mar. 23 to

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Behind the development boom coming for Broward County
Business

Behind the development boom coming for Broward County

April 2, 2025April 2, 2025

Ask a toddler to draw picture of a beach, and it would probably look like the one in Fort Lauderdale. The sand is white and

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Miami-Dade commissioners giving away land to favored groups
Business

Miami-Dade commissioners giving away land to favored groups

April 2, 2025April 2, 2025

If Abraham Lincoln had the Homestead Act — the 1862 measure that gave 160 acres of public land to almost any American who agreed to

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