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Category: Business

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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Downtown Miami hotel planned for 82-story redevelopment hits market
Business

Downtown Miami hotel planned for 82-story redevelopment hits market

April 29, 2025April 29, 2025

Four months after filing for bankruptcy on his downtown Miami hotel, Brazilian investor Gilberto Bomeny put the storied building planned for a massive redevelopment on

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Northlink launches sales for short-term rental-friendly North Beach condos
Business

Northlink launches sales for short-term rental-friendly North Beach condos

April 29, 2025April 29, 2025

Northlink Capital is launching sales for a planned short-term rental-friendly condo project in Miami Beach’s North Beach neighborhood.   Prices at 7200 Collins, the 12-story, 222-unit

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Six-story hotel to replace aging, single-story motel on U.S. 1 in Dania Beach
Business

Six-story hotel to replace aging, single-story motel on U.S. 1 in Dania Beach

April 29, 2025April 29, 2025

A developer won city approvals to replace an aging, single-story motel on U.S. Highway 1 in Dania Beach with a six-story, 79-room hotel that would

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Grovenor House closing tops Miami-Dade weekly condo sales 
Business

Grovenor House closing tops Miami-Dade weekly condo sales 

April 29, 2025April 29, 2025

Miami-Dade County’s condo sales and dollar volume fell last week.  Brokers closed 109 condo sales totaling $106 million from April 20 to April 27. The

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