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Category: Business

L'Hermitage closing tops Broward weekly condo sales 
Business

L'Hermitage closing tops Broward weekly condo sales 

May 1, 2025May 1, 2025

Broward County’s condo dollar volume dropped last week, despite higher sales.  Brokers closed 137 condo sales totaling $46.1 million from April 20 to April 27.

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Embattled senior living tycoon Leo Friedman pays M for Delray Beach facility
Business

Embattled senior living tycoon Leo Friedman pays $30M for Delray Beach facility

April 30, 2025May 1, 2025

Controversial senior living tycoon Leo Friedman bought a facility in Delray Beach for $30 million.  New York-based Citadel Care Centers, led by founder and CEO

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Morgan picks up waterfront Deerfield Beach dev site four years after initial offer
Business

Morgan picks up waterfront Deerfield Beach dev site four years after initial offer

April 30, 2025April 30, 2025

Morgan Group paid $12 million for a waterfront Deerfield Beach development site, four years after an initial $16 million deal fizzled for the same property. 

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Index scores approval for 323-unit multifamily project with workforce apartments in West Palm Beach
Business

Index scores approval for 323-unit multifamily project with workforce apartments in West Palm Beach

April 30, 2025April 30, 2025

A developer scored approval for a 323-unit multifamily project in West Palm Beach that will include workforce apartments.  Index Investment Group, a Jupiter-based firm that

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Goal! Jorge Mas, David Beckham, Ares score 0M construction loan for soccer stadium
Business

Goal! Jorge Mas, David Beckham, Ares score $450M construction loan for soccer stadium

April 30, 2025April 30, 2025

Billionaire Jorge Mas, David Beckham and Ares Management nabbed a $450 million loan for a planned soccer stadium in Miami that is already under construction.

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Island Capital’s Andrew Farkas sells Palm Beach mansion for M
Business

Island Capital’s Andrew Farkas sells Palm Beach mansion for $51M

April 30, 2025April 30, 2025

Andrew Farkas, chairman and CEO of Island Capital Group, sold his oceanfront Palm Beach mansion for $51.4 million, making it one of the most expensive

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5000 North Ocean closing tops Palm Beach County weekly condo sales 
Business

5000 North Ocean closing tops Palm Beach County weekly condo sales 

April 30, 2025April 30, 2025

Palm Beach County’s condos sales and dollar volume fell last week. Brokers closed 105 condo sales totaling $52.6 million from April 20 to April 27.

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Butters sells Delray Beach dev site for M where buyer plans new HQ
Business

Butters sells Delray Beach dev site for $20M where buyer plans new HQ

April 29, 2025April 29, 2025

Butters Group sold a development site in Delray Beach for $20 million, where the buyer is building a new headquarters. Hoerbiger Corp. of America, led

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Pérez family’s Related proposes 800-plus-unit Live Local Act project at Jackson Memorial Miami campus
Business

Pérez family’s Related proposes 800-plus-unit Live Local Act project at Jackson Memorial Miami campus

April 29, 2025April 29, 2025

The Pérez family’s Related Group proposes an 842-unit Live Local Act project with a hotel at  Jackson Memorial Hospital’s campus in Miami.  Coconut Grove-based Related’s

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Waterfront North Bay Road lot sells for M, latest land deal on Miami Beach’s prime resi strip
Business

Waterfront North Bay Road lot sells for $23M, latest land deal on Miami Beach’s prime resi strip

April 29, 2025April 29, 2025

A waterfront lot on North Bay Road sold for $22.9 million, making it the latest land sale on Miami Beach’s most coveted residential street.  Records

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