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Category: Business

Michael Stern’s JDS scores upzoning approval to build South Beach condo tower
Business

Michael Stern’s JDS scores upzoning approval to build South Beach condo tower

April 25, 2025April 25, 2025

The Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury

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Raanan Katz jumps onboard Publix buying spree, pays M for Miramar site
Business

Raanan Katz jumps onboard Publix buying spree, pays $16M for Miramar site

April 25, 2025April 25, 2025

Raanan Katz is getting in on the Publix action. His Sunny Isles Beach-based RK Centers paid $16.4 million for a Miramar shopping center anchored by

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Freehold Capital pays M for dev site approved for 309 townhouses in south Miami-Dade 
Business

Freehold Capital pays $32M for dev site approved for 309 townhouses in south Miami-Dade 

April 25, 2025April 25, 2025

Legacy Residential Group and CD Group sold a development site near Florida City for $31.6 million, scrapping their plan for 309 rental townhouses.  Boston-based Freehold

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Patrick Carroll agrees to mental health program in LA criminal case
Business

Patrick Carroll agrees to mental health program in LA criminal case

April 25, 2025April 25, 2025

Patrick Carroll will undergo mental health counseling for two years, in exchange for Los Angeles prosecutors dismissing a criminal case against him. The multifamily syndicator

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Resi sales fall across South Florida in March
Business

Resi sales fall across South Florida in March

April 25, 2025April 25, 2025

Home sales fell across South Florida in March. Still, dollar volume rose for the region, according to Multiple Listing Service data collected by the Miami

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Spec developer Patrick Carney plans Palm Beach mansion, faces pushback from neighbors
Business

Spec developer Patrick Carney plans Palm Beach mansion, faces pushback from neighbors

April 25, 2025April 25, 2025

Spec developer Patrick Carney is planning to build a mansion in Palm Beach, but neighbors are pushing back against the project. Carney bought the home

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Billionaire Russell Weiner wins Miami Beach foreclosure battle, plans “most incredible” estate
Business

Billionaire Russell Weiner wins Miami Beach foreclosure battle, plans “most incredible” estate

April 25, 2025April 25, 2025

Billionaire Russell Weiner foreclosed on Richard and Maria Meruelo’s waterfront Miami Beach home — capping a nearly four-year legal battle over the property that sits

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Irish-Italian restaurateur flips waterfront Coral Gables teardown for M — after owning it for three days
Business

Irish-Italian restaurateur flips waterfront Coral Gables teardown for $16M — after owning it for three days

April 24, 2025April 24, 2025

An Irish-Italian restaurateur bought a waterfront Coral Gables teardown on April 1st for $3 million — and flipped it three days later for $15.8 million.

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Hialeah affordable housing incentives get initial green light
Business

Hialeah affordable housing incentives get initial green light

April 24, 2025April 24, 2025

Developer-driven legislation in Hialeah to reward more density to projects that set aside apartments for low-income residents is likely to win final approval. On Wednesday,

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Miami board approves Braman Motors’ Edgewater auto building, Ex-MLB player’s Live Local Act tower in Wynwood Norte
Business

Miami board approves Braman Motors’ Edgewater auto building, Ex-MLB player’s Live Local Act tower in Wynwood Norte

April 24, 2025April 24, 2025

A Miami board approved Braman Motors’ 11-story automotive building in Edgewater and former professional baseballer Alex Guerrero’s apartment tower in Wynwood Norte. But the board

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