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Category: Business

Private equity mogul sells Miami Beach PH to Kayak’s Steve Hafner for M
Business

Private equity mogul sells Miami Beach PH to Kayak’s Steve Hafner for $24M

March 14, 2025March 14, 2025

Private equity mogul Marc Leder sold his waterfront Miami Beach penthouse to Kayak CEO Steve Hafner for $24 million, marking a South of Fifth price-per-square-foot

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Longtime Elliman agent Pablo Alfaro joins Compass
Business

Longtime Elliman agent Pablo Alfaro joins Compass

March 14, 2025March 14, 2025

Longtime Douglas Elliman agent Pablo Alfaro joined Compass.  Alfaro left Elliman after about 14 years. He’s been involved in sales totaling more than $1 billion

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Why Manalapan’s trophy market is booming right now
Business

Why Manalapan’s trophy market is booming right now

March 14, 2025March 14, 2025

Just south of Palm Beach, the small island town known for its popularity with the rich and powerful, lies an even smaller island town: Manalapan.

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More South Florida distress: Brickell commercial condo owner’s bankruptcy filing delays foreclosure sale
Business

More South Florida distress: Brickell commercial condo owner’s bankruptcy filing delays foreclosure sale

March 13, 2025March 13, 2025

A disgraced Venezuelan ex-banker identified in the Panama Papers joins a growing number of South Florida commercial real estate owners feeling the pinch of distress. 

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Family sells waterfront Gables Estates teardown for M
Business

Family sells waterfront Gables Estates teardown for $17M

March 13, 2025March 13, 2025

Family members sold their late parents’ waterfront teardown in Gables Estates for $17.3 million, a year after listing it for $21.5 million. Records show Ricardo

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TM Real Estate scores M construction loan for 250-unit Boynton Beach complex, amid South Florida multifamily supply overhang 
Business

TM Real Estate scores $54M construction loan for 250-unit Boynton Beach complex, amid South Florida multifamily supply overhang 

March 13, 2025March 13, 2025

A developer scored a $53.5 million construction loan for a 250-unit apartment complex in Boynton Beach, amid a multifamily supply overhang in South Florida.  TM

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Botched M land deal costs city of Doral nearly double the price six years later
Business

Botched $11M land deal costs city of Doral nearly double the price six years later

March 13, 2025March 13, 2025

Six years after allegedly trashing a vacant property it intended to buy for $10.7 million, the city of Doral will pay the landowner nearly double

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Developer Vivian Dimond to revive stalled waterfront North Bay Village condo project
Business

Developer Vivian Dimond to revive stalled waterfront North Bay Village condo project

March 13, 2025March 13, 2025

Developer Vivian Dimond took over the stalled condo building in North Bay Village, a 15-story shell on Harbor Island, The Real Deal has learned.  The

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Solemar closing tops Broward weekly condo sales
Business

Solemar closing tops Broward weekly condo sales

March 13, 2025March 13, 2025

Broward County’s condo sales and dollar volume fell in the first week of March. Brokers closed 128 condo sales totaling $46 million from Mar. 2

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BH3 adds 200-plus units to its planned two-tower DNA project in Fort Lauderdale’s Flagler Village
Business

BH3 adds 200-plus units to its planned two-tower DNA project in Fort Lauderdale’s Flagler Village

March 12, 2025March 12, 2025

BH3 Management proposes 844 units at its two-tower project in Fort Lauderdale’s Flagler Village, up 38 percent from its previous plan.  Fort Lauderdale-based BH3 raised

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