Savanna landed $380 million in construction financing for its waterfront Olara project in West Palm Beach. It marks a crucial milestone for the firm’s first
Category: Business
13th Floor, LeFrak and Related take over Shoma dev site in Miami
Shoma Group is abandoning plans to redevelop a shuttered car dealership, selling the 2.5-acre site for $35 million to a group that includes Richard LeFrak’s
Developer Vlad Doronin sells waterfront Star Island estate for record $120M
Billionaire developer Vlad Doronin sold his waterfront Star Island estate for $120 million, setting a new record for home sales in Miami-Dade County. Doronin’s Garden
Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units
Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow
Resi roundup: Fitness, fashion moguls buy South Florida homes
In the latest roundup of South Florida luxury residential deals, buyers from the fitness, fashion and film industries bought homes. Deals spanned Coral Gables to
No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project
Miami-Dade officials could forgo competitive bidding to have developer Michael Swerdlow build a workforce housing project near a site he’s buying from the county for
Car dealer sells Palm Beach house for $19M, as season heats up
A Connecticut car dealer sold his non-waterfront Palm Beach home for $19 million, marking the latest early season luxury sale to close. Records show Jeffrey
DOGE federal property purge may create redevelopment plays in South Florida
Elon Musk’s purge of nationwide federal properties owned and leased by the U.S. government is causing ripples in South Florida’s commercial real estate market. Already,
Canadian waste management mogul sells partially built Bal Harbour mansion for record $70M
One of Canada’s wealthiest businessmen sold a waterfront house in Bal Harbour for $69.5 million, The Real Deal has learned. The deal marks a record
Solemar closing tops Broward weekly condo sales
Broward County’s condo sales and dollar volume rose last week. Brokers closed 152 condo sales totaling $57 million from Feb. 23 to Mar. 2. The