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Category: Business

White Oak scores M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang
Business

White Oak scores $67M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang

February 27, 2025February 27, 2025

White Oak Development scored a $67 million construction loan for a 286-unit apartment project in Davie.  Coral Springs-based White Oak and Los Angeles-based Ares Management

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Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
Business

Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal

February 27, 2025February 27, 2025

A lender for Nightingale Properties is the new owner of a Miami Beach building that played a leading role in the downfall of Nightingale CEO

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Doug Levine cashes out of another Wynwood project, sells office condos for M
Business

Doug Levine cashes out of another Wynwood project, sells office condos for $24M

February 27, 2025February 27, 2025

Crunch Fitness founder Doug Levine is burning more weight off his commercial portfolio in Miami’s Wynwood neighborhood.  Levine, who leads Miami Beach-based Big Move Properties,

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100 Las Olas closing tops Broward weekly condo sales 
Business

100 Las Olas closing tops Broward weekly condo sales 

February 27, 2025February 27, 2025

Broward County’s condo sales and dollar volume rose last week.  Brokers closed 101 condo sales totaling $32.6 million from Feb. 16 to Feb. 23. The

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Florida bill would scrap Citizens insurance for condo associations that fail safety rules, boost financial transparency over condo-hotels
Business

Florida bill would scrap Citizens insurance for condo associations that fail safety rules, boost financial transparency over condo-hotels

February 26, 2025February 26, 2025

Florida Rep. Vicki Lopez filed a bill that would limit the state’s insurer of last resort, Citizens Property Insurance, to condo associations that are abiding

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Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for M 
Business

Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for $44M 

February 26, 2025February 26, 2025

Walton Street Capital and Lincoln Property Company are gunning for Broward County industrial sites, paying $43.7 million for a Weston warehouse four months after acquiring

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MMG Equity scores approval for 38 townhouses on West Kendall site previously planned for apartments
Business

MMG Equity scores approval for 38 townhouses on West Kendall site previously planned for apartments

February 26, 2025February 26, 2025

MMG Equity Partners scored approval for a complex with 38 townhomes and retail in West Kendall, marking a change from its previous plan for apartments. 

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Karolina Kurkova, husband allege Fisher Island Club illegally targeted them
Business

Karolina Kurkova, husband allege Fisher Island Club illegally targeted them

February 26, 2025February 26, 2025

Model Karolina Kurkova and her husband, actor and broker Archie Drury, are suing the Fisher Island Club, alleging in a dramatic lawsuit that the board

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Block Capital’s Wynwood dev site hits market with M asking price
Business

Block Capital’s Wynwood dev site hits market with $16M asking price

February 26, 2025February 26, 2025

The Miculitzki family’s Block Capital is looking to shed a prime development site in Miami’s Wynwood neighborhood.  Miami-based Block Capital is listing a 16,866-square-foot retail

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SeaGlass closing tops Palm Beach County weekly condo sales 
Business

SeaGlass closing tops Palm Beach County weekly condo sales 

February 26, 2025February 26, 2025

Palm Beach County’s condo dollar volume rose last week, despite a dip in sales. Brokers closed 68 condo sales totaling $70.5 million from Feb. 16

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