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,
Category: Business
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
Lotis nabs another construction loan for Wellington mixed-use project
Lotis Group landed a $28.2 million construction loan for a Wellington mixed-use project. Amerant Bank provided the financing for the commercial portion of The Square
Chicago financier sells renovated Palm Beach mansion near Mar-a-Lago for $40M
Financier David Herro sold a renovated non-waterfront Palm Beach estate near Mar-a-Lago for $40 million, amid a busy season with turnkey homes selling for top
Proposed housing bills expand on Florida’s Live Local Act, further reducing local government authority
Florida Rep. Vicki Lopez filed two housing bills that would ease the development of Live Local Act and other affordable housing projects. Lopez, a Miami
Online gaming mogul pays record $45M for Hibiscus Island mansion
A gaming entrepreneur paid $45 million for a waterfront mansion in Miami Beach, setting a record for Palm Island, The Real Deal has learned. MI
Ritz-Carlton closing tops Palm Beach County weekly condo sales
Palm Beach County’s condo sales and dollar volume rose last week. Brokers closed 129 condo sales totaling $79.7 million from Feb. 23 to Mar. 2.
Pino’s Century Homebuilders sells three sites to Lennar for $25M
Lennar Homes paid nearly $25 million for a portfolio of three Century Homebuilders Group residential development sites in south Miami-Dade County. A land bank tied
Fraud accusations fly in Miami waterfront dev site foreclosure suit
A lender is accusing Gomez Development Group and Avenue 4 Partners’ joint venture of engaging in fraud to obtain a $10 million loan. An affiliate