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Category: Business

Grover Corlew lands 4M refi for 355-unit Pompano Beach rental complex
Business

Grover Corlew lands $114M refi for 355-unit Pompano Beach rental complex

December 6, 2024December 6, 2024

Grover Corlew landed a $114.4 million refinancing for its newly finished 355-unit apartment complex in Pompano Beach.  The deal marks a continuation of loan deals

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Edelstein, Karakhanian and Integra list Design District dev site for M
Business

Edelstein, Karakhanian and Integra list Design District dev site for $47M

December 6, 2024December 6, 2024

David Edelstein’s Tricap, Integra Investments and Alex Karakhanian’s Lndmrk Development are listing their development site at the entrance to the Design District and Midtown Miami

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Music producer sells Bears Club mansion in Jupiter for M, as market heats up
Business

Music producer sells Bears Club mansion in Jupiter for $15M, as market heats up

December 6, 2024December 6, 2024

Music producer Matthew Resnicoff sold his mansion in Jupiter’s Bears Club for $15.3 million, just over a year after buying it for $14.5 million. The

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Miami-Dade condo sales drop to 6M in November, marking the slowest month so far this year
Business

Miami-Dade condo sales drop to $426M in November, marking the slowest month so far this year

December 6, 2024December 6, 2024

Miami-Dade’s condo sales and dollar volume fell in November to their lowest points so far this year. November condo sales totaled $426 million, compared to

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CGI Merchant hit with M UCC foreclosure on Coral Gables office building, its fourth distressed asset 
Business

CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset 

December 5, 2024December 5, 2024

Raoul Thomas is having a rough year.  After losing two of his marquee hotels to lenders and facing an auction of a Miami Beach hotel,

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University of Miami beefs up commercial portfolio with M Allapattah purchase
Business

University of Miami beefs up commercial portfolio with $68M Allapattah purchase

December 5, 2024December 5, 2024

The University of Miami expanded its real estate portfolio near its Allapattah medical school campus, picking up three commercial properties for a combined $68 million. 

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Asi Cymbal wins approval for first phase of  .5B project with 1,200-plus residential units and hotel near downtown Fort Lauderdale
Business

Asi Cymbal wins approval for first phase of  $1.5B project with 1,200-plus residential units and hotel near downtown Fort Lauderdale

December 5, 2024December 5, 2024

Developer Asi Cymbal expects to start construction next year on the first two towers of Nautico District, a planned development with more than 1,200 residential

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Harvey Hernandez taps One Sotheby’s to lead Fort Lauderdale condo sales after split with Cervera 
Business

Harvey Hernandez taps One Sotheby’s to lead Fort Lauderdale condo sales after split with Cervera 

December 5, 2024December 5, 2024

Harvey Hernandez’s Newgard Development Group hired One Sotheby’s International Realty to take over sales for Natiivo Fort Lauderdale, a short-term rental-friendly condo project near the

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Harvey Hernandez taps One Sotheby’s to lead Fort Lauderdale condo sales after split with Cervera 
Business

Harvey Hernandez taps One Sotheby’s to lead Fort Lauderdale condo sales after split with Cervera 

December 5, 2024December 5, 2024

Harvey Hernandez’s Newgard Development Group hired One Sotheby’s International Realty to take over sales for Natiivo Fort Lauderdale, a short-term rental-friendly condo project near the

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Ten30 condo association sues Shoma for alleged construction defects
Business

Ten30 condo association sues Shoma for alleged construction defects

December 5, 2024December 5, 2024

Shoma Group developed a shoddy luxury boutique condo project in South Beach, a new lawsuit alleges. The Ten30 Condominium Association is suing the Coral Gables-based

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