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Category: Business

Tate proposes 348-unit apartment project on its North Miami HQ site, as redevelopment in city’s western side ramps up
Business

Tate proposes 348-unit apartment project on its North Miami HQ site, as redevelopment in city’s western side ramps up

October 23, 2024October 23, 2024

Tate Capital proposes a 348-unit apartment project in North Miami, as redevelopment plans for the long-overlooked western side of the city ramp up.  The firm,

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Melo submits M stalking horse bid for 16-acre former trailer park in El Portal
Business

Melo submits $35M stalking horse bid for 16-acre former trailer park in El Portal

October 23, 2024October 23, 2024

Melo Group could expand its development pipeline into El Portal after placing a $35 million stalking horse bid for 16 acres along Biscayne Boulevard. An

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Sing us a song tonight: Billy Joel sells oceanfront Manalapan mansion for M
Business

Sing us a song tonight: Billy Joel sells oceanfront Manalapan mansion for $43M

October 23, 2024October 23, 2024

The Piano Man finally found a buyer for one of his oceanfront homes.  Billy Joel sold his oceanfront Manalapan mansion for $42.6 million, after listing

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Silverstone sells Palm Beach County senior living facility for M in deed in lieu of foreclosure deal
Business

Silverstone sells Palm Beach County senior living facility for $24M in deed in lieu of foreclosure deal

October 23, 2024October 23, 2024

Silverstone sold a senior living facility in Palm Beach County for $23.5 million, as part of a three-way deed in lieu of foreclosure deal.  The

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Alan Faena heads to the Miami River: Fortune, KAR to launch Faena-branded condos
Business

Alan Faena heads to the Miami River: Fortune, KAR to launch Faena-branded condos

October 23, 2024October 23, 2024

Developers Edgardo Defortuna and Shahab Karmely plan a Faena District along the Miami River, The Real Deal has learned.  Defortuna’s Fortune International Group and Karmely’s

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Boca Beach closing tops Palm Beach weekly condo sales
Business

Boca Beach closing tops Palm Beach weekly condo sales

October 23, 2024October 23, 2024

Palm Beach County’s condo sales rose last week, while dollar volume fell. Brokers closed 78 condo sales totaling $43.1 million from Oct. 13th to Oct.

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Institute of Contemporary Art, Miami expanding show space, pays M for building on same block
Business

Institute of Contemporary Art, Miami expanding show space, pays $25M for building on same block

October 22, 2024October 22, 2024

The Institute of Contemporary Art, Miami is nearly doubling its show space, paying $25 million for the former home of the de la Cruz Collection.

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Patrick Carroll jailed in Wyoming, wanted in Tampa
Business

Patrick Carroll jailed in Wyoming, wanted in Tampa

October 22, 2024October 22, 2024

Multifamily syndicator Patrick Carroll is a wanted man in his native Tampa. The Hillsborough County Sheriff’s Office recently issued a warrant for his arrest stemming

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Gulfstream Park owner Belinda Stronach buys Surfside condo for M
Business

Gulfstream Park owner Belinda Stronach buys Surfside condo for $15M

October 22, 2024October 22, 2024

Stronach Group CEO Belinda Stronach, owner of Hallandale Beach’s Gulfstream Park, bought a condo in the newly completed Seaway at the Surf Club for $14.6

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Developers bankroll former Miami Mayor Tomas Regalado’s bid for county property appraiser
Business

Developers bankroll former Miami Mayor Tomas Regalado’s bid for county property appraiser

October 22, 2024October 22, 2024

Former Miami Mayor Tomas Regalado’s bid to become the next Miami-Dade County Property Appraiser is largely bankrolled by prominent developers and commercial property owners, an

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