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Category: Business

Florida bill would scrap Citizens insurance for condo associations that fail safety rules, boost financial transparency over condo-hotels
Business

Florida bill would scrap Citizens insurance for condo associations that fail safety rules, boost financial transparency over condo-hotels

February 26, 2025February 26, 2025

Florida Rep. Vicki Lopez filed a bill that would limit the state’s insurer of last resort, Citizens Property Insurance, to condo associations that are abiding

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Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for M 
Business

Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for $44M 

February 26, 2025February 26, 2025

Walton Street Capital and Lincoln Property Company are gunning for Broward County industrial sites, paying $43.7 million for a Weston warehouse four months after acquiring

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MMG Equity scores approval for 38 townhouses on West Kendall site previously planned for apartments
Business

MMG Equity scores approval for 38 townhouses on West Kendall site previously planned for apartments

February 26, 2025February 26, 2025

MMG Equity Partners scored approval for a complex with 38 townhomes and retail in West Kendall, marking a change from its previous plan for apartments. 

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Karolina Kurkova, husband allege Fisher Island Club illegally targeted them
Business

Karolina Kurkova, husband allege Fisher Island Club illegally targeted them

February 26, 2025February 26, 2025

Model Karolina Kurkova and her husband, actor and broker Archie Drury, are suing the Fisher Island Club, alleging in a dramatic lawsuit that the board

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Block Capital’s Wynwood dev site hits market with M asking price
Business

Block Capital’s Wynwood dev site hits market with $16M asking price

February 26, 2025February 26, 2025

The Miculitzki family’s Block Capital is looking to shed a prime development site in Miami’s Wynwood neighborhood.  Miami-based Block Capital is listing a 16,866-square-foot retail

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SeaGlass closing tops Palm Beach County weekly condo sales 
Business

SeaGlass closing tops Palm Beach County weekly condo sales 

February 26, 2025February 26, 2025

Palm Beach County’s condo dollar volume rose last week, despite a dip in sales. Brokers closed 68 condo sales totaling $70.5 million from Feb. 16

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Uber’s third hire drops M on One Park Grove PH 
Business

Uber’s third hire drops $23M on One Park Grove PH 

February 25, 2025February 25, 2025

Ryan McKillen, the third hire at ridesharing giant Uber, bought a penthouse at One Park Grove in Miami for $22.5 million. Records show McKillen and

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Constellation, Boschetti switch Coral Gables multifamily project to “wellness condos” 
Business

Constellation, Boschetti switch Coral Gables multifamily project to “wellness condos” 

February 25, 2025February 25, 2025

Eduardo Otaola and Jose Boschetti are launching sales for Cora, a planned wellness-focused condo project in Coral Gables. Otaola’s Constellation Group and Boschetti’s Boschetti Group

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Verizon leases at Waterford Business District after selling its HQ near Doral
Business

Verizon leases at Waterford Business District after selling its HQ near Doral

February 25, 2025February 25, 2025

Verizon will move its offices to the Waterford Business District near Miami International Airport, after selling its headquarters near Doral.  The telecommunications firm leased 51,500

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Xebec Realty slashes Miami industrial portfolio in half, sells warehouse for M
Business

Xebec Realty slashes Miami industrial portfolio in half, sells warehouse for $27M

February 25, 2025February 25, 2025

Xebec Realty Investments is down to one warehouse project in Miami-Dade County after selling a Liberty City industrial property for $26.8 million. Dallas-based Xebec Realty,

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