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Category: Business

Federal judge recommends Joe Carollo keep Coconut Grove home
Business

Federal judge recommends Joe Carollo keep Coconut Grove home

July 29, 2024July 29, 2024

Miami City Commissioner Joe Carollo shouldn’t have to lose his Coconut Grove home, despite owing a $63.5 million judgment to a pair of developers, according

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Financially troubled Columbus Center in Coral Gables facing deed in lieu of foreclosure 
Business

Financially troubled Columbus Center in Coral Gables facing deed in lieu of foreclosure 

July 29, 2024July 29, 2024

Affinius Capital may not own the Columbus Center in Coral Gables for much longer. The lender on the office building could move forward in a

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Värde, Unity Medical partner up for West Palm Gardens office acquisition
Business

Värde, Unity Medical partner up for West Palm Gardens office acquisition

July 29, 2024July 29, 2024

Värde Partners and Unity Medical Properties are partnering up to acquire a medical office building in Palm Beach Gardens. An affiliate of Värde, a Minneapolis-based

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M Hibiscus Island mansion tops luxe signed contracts report
Business

$45M Hibiscus Island mansion tops luxe signed contracts report

July 29, 2024July 29, 2024

The $45 million listing of a waterfront Miami Beach mansion topped last week’s signed contracts report, making it the most expensive property to go under

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Lease roundup: Restaurant Sant Ambroeus will open at Fifth Miami Beach project 
Business

Lease roundup: Restaurant Sant Ambroeus will open at Fifth Miami Beach project 

July 29, 2024July 29, 2024

Sant Ambroeus | Miami Beach  Italian restaurant Sant Ambroeus will open its first Miami-Dade County outpost in South Beach.  Sant Ambroeus leased more than 7,000

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Movers & Shakers: Shoreham Capital taps VP of investments
Business

Movers & Shakers: Shoreham Capital taps VP of investments

July 29, 2024July 29, 2024

In the latest roundup of South Florida real estate hiring news, firms are bringing in new leadership and expanding their ranks. In West Palm Beach,

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The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly 
Business

The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly 

July 28, 2024July 28, 2024

Summers are usually slower than the rest of the year. Our sources go on vacation. Deal activity slows down. Properties are taken off the market. 

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Watson Island condo revamp? Developers’ 0M+ purchases of city-owned sites head to Miami voters
Business

Watson Island condo revamp? Developers’ $160M+ purchases of city-owned sites head to Miami voters

July 26, 2024July 26, 2024

Voters will decide whether the city can sell land on Miami’s Watson Island to two development groups in separate deals geared at developing more condos. 

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L+R Hotels’ M loan on Fort Lauderdale Marriott enters special servicing 
Business

L+R Hotels’ $22M loan on Fort Lauderdale Marriott enters special servicing 

July 26, 2024July 26, 2024

A $22.4 million loan on the Fort Lauderdale Marriott North entered special servicing, according to data from Morningstar Credit, further evidence of South Florida commercial

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Lisa Hochstein’s boyfriend sells waterfront Miami Beach home
Business

Lisa Hochstein’s boyfriend sells waterfront Miami Beach home

July 26, 2024July 26, 2024

Tech CEO Jody Glidden, the boyfriend of Lisa Hochstein of “The Real Housewives of Miami” fame, sold his waterfront Miami Beach home to his next-door

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