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Category: Business

South Florida’s luxury spec market is bottlenecking
Business

South Florida’s luxury spec market is bottlenecking

December 2, 2024December 2, 2024

It was the second day of The Real Deal’s South Florida Forum, and a crowd of disciples had stayed till the very end to hear

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At the Hammocks, corrupt board members leaned on family to aid in massive fraud, prosecutors say
Business

At the Hammocks, corrupt board members leaned on family to aid in massive fraud, prosecutors say

December 2, 2024December 2, 2024

In 2020, Hammocks board President Marglli Gallego allegedly suggested that Monica Ghilardi should get paid for her work as the homeowners association’s treasurer.   But

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OKO Group’s Vanessa Grout lists waterfront Miami Beach home
Business

OKO Group’s Vanessa Grout lists waterfront Miami Beach home

November 28, 2024November 28, 2024

OKO Group Real Estate CEO Vanessa Grout is seeking to part ways with her waterfront Miami Beach mansion.  Grout, who leads sales and marketing of

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South Florida by the numbers: Thanks for giving
Business

South Florida by the numbers: Thanks for giving

November 27, 2024November 27, 2024

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  While Miami’s business and real

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Bell Partners drops M for Kendall West apartment complex, its second South Florida multifamily deal this month 
Business

Bell Partners drops $79M for Kendall West apartment complex, its second South Florida multifamily deal this month 

November 27, 2024November 27, 2024

Bell Partners scooped up a 228-unit apartment complex in Kendall West for $78.5 million, marking its second investment this month in South Florida’s multifamily market. 

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Longpoint’s industrial binge: 1M South Florida warehouse portfolio purchase from Blackstone
Business

Longpoint’s industrial binge: $331M South Florida warehouse portfolio purchase from Blackstone

November 27, 2024November 27, 2024

Longpoint Realty Partners continues to gorge on South Florida industrial properties, picking up a Blackstone warehouse portfolio for a combined $331.3 million. The purchase represents

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Closings begin at Martin and Galbut’s B Five Park tower, tallest in Miami Beach
Business

Closings begin at Martin and Galbut’s $1B Five Park tower, tallest in Miami Beach

November 27, 2024November 27, 2024

Developers Russell Galbut and David Martin completed the tallest building in Miami Beach, a 48-story condo tower called Five Park.  Galbut’s family office, Miami-based GFO

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Resi roundup: Luxury spec developers snap up and sell properties 
Business

Resi roundup: Luxury spec developers snap up and sell properties 

November 27, 2024November 27, 2024

In the latest roundup of South Florida luxury residential sales, luxury spec developers snapped up and sold properties. Deals spanned from Coral Gables to Fort

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Two City Plaza closing tops Palm Beach County weekly condo sales 
Business

Two City Plaza closing tops Palm Beach County weekly condo sales 

November 27, 2024November 27, 2024

Palm Beach County’s condo sales rose last week, while dollar volume fell. Brokers closed 82 condo sales totaling $31.7 million from Nov. 17th to Nov.

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Electra, BH land 5M pre-dev loan for B Southplace City Center in Cutler Bay
Business

Electra, BH land $125M pre-dev loan for $1B Southplace City Center in Cutler Bay

November 26, 2024November 26, 2024

Electra America and BH Group are gearing up for the first phase of a $1 billion mixed-use project in Cutler Bay after landing a $125

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