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Category: Business

Spec developer sells waterfront North Bay Road mansion for M
Business

Spec developer sells waterfront North Bay Road mansion for $23M

September 25, 2024September 25, 2024

Spec developer Francisco Perez sold a waterfront North Bay Road mansion in Miami Beach for $23.3 million after a trio of price cuts this year. 

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Surfside spec developers set record with M sale of waterfront mansion
Business

Surfside spec developers set record with $20M sale of waterfront mansion

September 25, 2024September 25, 2024

Spec developers Reuven and Iris Herssein sold their waterfront mansion in Surfside for a record $19.8 million, The Real Deal has learned.  The Hersseins sold

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Omega scores 3M refi, bridge loan for North Miami apartment project, as South Florida financing flows  
Business

Omega scores $103M refi, bridge loan for North Miami apartment project, as South Florida financing flows  

September 25, 2024September 25, 2024

A developer scored a $103 million loan for a nearly finished apartment project in North Miami, marking a continuing surge in South Florida lending.  Omega

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Excelsior closing tops Palm Beach County weekly condo sales
Business

Excelsior closing tops Palm Beach County weekly condo sales

September 25, 2024September 25, 2024

Palm Beach County’s condo sales and dollar volume slipped last week, while the average sale price rose. Brokers closed 67 condo sales totaling $39.7 million

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As Palm Beach’s high season approaches, agents anticipate a busy luxury market
Business

As Palm Beach’s high season approaches, agents anticipate a busy luxury market

September 25, 2024September 25, 2024

With the dog days of summer in the rearview mirror, Palm Beach’s busy season is fast approaching, and real estate agents are getting ready.  

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Cleared for landing: Patrick Bet-David pays M for Broward office building and airplane hangar
Business

Cleared for landing: Patrick Bet-David pays $25M for Broward office building and airplane hangar

September 24, 2024September 24, 2024

Patrick Bet-David and partners are ready for takeoff after paying $25 million for a Fort Lauderdale office building and airplane hangar An entity managed by

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Romero Britto buys his art studio in Miami’s Little River
Business

Romero Britto buys his art studio in Miami’s Little River

September 24, 2024September 24, 2024

Brazilian artist and sculptor Romero Britto purchased his biggest gallery piece, his company’s headquarters.  Britto paid $11.8 million for the 58,000-square-foot art studio at 795

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September 24, 2024

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JV buys Delray Beach hotel for M, amid resurgence of hospitality investment sales
Business

JV buys Delray Beach hotel for $58M, amid resurgence of hospitality investment sales

September 24, 2024September 24, 2024

A joint venture scooped up the Ray Hotel Delray Beach, Curio Collection by Hilton for $57.7 million, marking a resurgence of hospitality investment sales.  Tmgoc

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Sienna Motors expands in Pompano Beach, buys shuttered dealership for M
Business

Sienna Motors expands in Pompano Beach, buys shuttered dealership for $22M

September 24, 2024September 24, 2024

Sienna Motors is expanding in Pompano Beach, acquiring a shuttered dealership less than a block away from its existing auto sales site for $21.9 million. 

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