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Category: Business

Solemar closing tops Broward weekly condo sales 
Business

Solemar closing tops Broward weekly condo sales 

December 5, 2024December 5, 2024

Broward County’s condo sales and dollar volume fell over Thanksgiving week.  Brokers closed 83 condo sales totaling $32.3 million from Nov. 24th to Dec. 1st.

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Lore, Element Development to launch boutique condo project in Coconut Grove
Business

Lore, Element Development to launch boutique condo project in Coconut Grove

December 4, 2024December 4, 2024

A joint venture between Lore Development Group and Element Development is moving forward with plans for the Lincoln Coconut Grove, a boutique condominium project.  Brickell-based

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Auto exec sells waterfront Normandy Shores spec house in Miami Beach for M 
Business

Auto exec sells waterfront Normandy Shores spec house in Miami Beach for $16M 

December 4, 2024December 4, 2024

BorgWarner executive Stefan Demmerle sold a waterfront spec home in Miami Beach’s gated Normandy Shores neighborhood in North Beach for $16 million, as South Florida

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Penn-Florida hit with 5M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow
Business

Penn-Florida hit with $195M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow

December 4, 2024December 4, 2024

Penn-Florida Companies could lose its 101 Via Mizner apartment building in Boca Raton to foreclosure over its alleged failure to pay off a $195 million

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Entity linked to health care mogul drops M on Seaway condos in Surfside
Business

Entity linked to health care mogul drops $31M on Seaway condos in Surfside

December 4, 2024December 4, 2024

An entity linked to health care mogul Frederick Howe bought two units in Fort Partners’ newly completed oceanfront condo project, Seaway at the Surf Club,

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Collins retail revival? Art Deco assemblage hits market for roughly M
Business

Collins retail revival? Art Deco assemblage hits market for roughly $50M

December 4, 2024December 4, 2024

Does the arrival of the Vivienne Westwood brand on South Beach signal a retail revival for Collins Avenue? A pair of Miami Beach retail brokers

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Beach Point closing tops Palm Beach County weekly condo sales 
Business

Beach Point closing tops Palm Beach County weekly condo sales 

December 4, 2024December 4, 2024

Palm Beach County’s condo sales and dollar volume fell during Thanksgiving week. Brokers closed 53 condo sales totaling $17.7 million from Nov. 24th to Dec.

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Billionaire Teddy Sagi closes on M Pine Tree Road teardown in Miami Beach
Business

Billionaire Teddy Sagi closes on $24M Pine Tree Road teardown in Miami Beach

December 3, 2024December 3, 2024

Billionaire Teddy Sagi closed on a sprawling waterfront teardown estate on Miami Beach’s Pine Tree Drive, 11 months after going into contract, The Real Deal

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Related, Dezer score approval for Rosewood Residences in Hillsboro Beach after nabbing 7M loan
Business

Related, Dezer score approval for Rosewood Residences in Hillsboro Beach after nabbing $307M loan

December 3, 2024December 3, 2024

Related Group and Dezer Development received back-to-back good news for their Rosewood Residences luxury condo project planned in Hillsboro Beach.  After securing $307 million in

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Sean Hannity drops M on waterfront Manalapan mansion
Business

Sean Hannity drops $24M on waterfront Manalapan mansion

December 3, 2024December 3, 2024

Sean Hannity officially moved to Florida earlier this year, announcing his arrival while denouncing New York in a radio broadcast: “I am out. I am

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