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Category: Business

Synagogue to sell its waterfront West Palm Beach campus to Related Ross for M
Business

Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M

December 11, 2024December 11, 2024

The members of West Palm Beach’s Temple Israel approved a $30 million deal to sell a majority of the synagogue’s waterfront campus to Related Ross,

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Related Ross lands 0M refi for CityPlace in downtown West Palm, as lending flows in South Florida
Business

Related Ross lands $200M refi for CityPlace in downtown West Palm, as lending flows in South Florida

December 11, 2024December 11, 2024

Developer Steve Ross landed a $200 million refinancing for a portion of the CityPlace mixed-use complex in downtown West Palm Beach.  The deal marks a

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Three all-star teams of developers qualify to bid on B Miami-Dade project
Business

Three all-star teams of developers qualify to bid on $10B Miami-Dade project

December 11, 2024December 11, 2024

Miami-Dade County’s ambitious plan to redevelop 17 acres of land in downtown Miami into a $10 billion mixed-use project will pit some of the biggest

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Embattled Arch Companies sells rental complex near West Palm for M, amid year-end surge of multifamily deals
Business

Embattled Arch Companies sells rental complex near West Palm for $18M, amid year-end surge of multifamily deals

December 11, 2024December 11, 2024

F/Advance Capital bought a 60-unit apartment complex near West Palm Beach for $17.5 million, amid a year-end surge of multifamily investment sales in South Florida. 

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Downtown Miami Holiday Inn hit with M UCC foreclosure, as debt woes pop up in South Florida
Business

Downtown Miami Holiday Inn hit with $70M UCC foreclosure, as debt woes pop up in South Florida

December 11, 2024December 11, 2024

The Holiday Inn Port of Miami-Downtown is headed to a foreclosure auction.  Lender Cirrus Real Estate Partners filed a Uniform Commercial Code foreclosure against the

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Beresford closing tops Palm Beach County weekly condo sales 
Business

Beresford closing tops Palm Beach County weekly condo sales 

December 11, 2024December 11, 2024

Palm Beach County’s condo sales and dollar volume surged in the first week of December. The average price per square foot also rose, as the

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Blackstone cashes out of another South Florida industrial portfolio, selling five facilities for 6M
Business

Blackstone cashes out of another South Florida industrial portfolio, selling five facilities for $206M

December 10, 2024December 10, 2024

Blackstone continued lightening its industrial property load in South Florida, selling five Sunrise warehouses for a combined $205.5 million. The deal is on the heels

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Shaken, not stirred: Retired CEO drops record M on James Bond-inspired Delray Beach spec mansion
Business

Shaken, not stirred: Retired CEO drops record $37M on James Bond-inspired Delray Beach spec mansion

December 10, 2024December 10, 2024

Barry Smith, a retired health care CEO, bought a James Bond-inspired spec estate dubbed “Villa Spectre” for $36.8 million, making it Delray Beach’s most expensive

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Billionaire hedge fund manager Dan Loeb sells Miami Beach mansion for over M 
Business

Billionaire hedge fund manager Dan Loeb sells Miami Beach mansion for over $35M 

December 10, 2024December 10, 2024

Billionaire hedge fund manager Dan Loeb sold his waterfront mansion in Miami Beach for about $35.5 million, The Real Deal has learned.  Loeb, founder and

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Chetrit scores financing, new partner for long-awaited Collins Park Hotel in Miami Beach
Business

Chetrit scores financing, new partner for long-awaited Collins Park Hotel in Miami Beach

December 10, 2024December 10, 2024

Chetrit Group is nearing the finish line of a long-awaited Miami Beach hotel project. Joe Chetrit’s firm refinanced its loan on the Collins Park Hotel

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