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Category: Business

Checking in: Hospitality mogul buys Venetian Islands spec home for M
Business

Checking in: Hospitality mogul buys Venetian Islands spec home for $19M

February 11, 2025February 11, 2025

Hospitality mogul Nick Patel bought a waterfront spec home on Miami’s Venetian Islands from developer Pascal Nicolai for $19.4 million. Records show Patel’s Kalyan Miami

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Calta lands M construction loan for Hollywood apartments, amid South Florida multifamily supply overhang 
Business

Calta lands $54M construction loan for Hollywood apartments, amid South Florida multifamily supply overhang 

February 11, 2025February 11, 2025

The Caltagirone brothers’ Calta Group scored a $53.7 million construction loan for a pair of Hollywood apartment projects with a total of 251 units.  The

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M Bay Point home tops signed contracts report in Miami-Dade
Business

$24M Bay Point home tops signed contracts report in Miami-Dade

February 11, 2025February 11, 2025

A waterfront Bay Point house asking $24 million topped last week’s signed contracts report in Miami-Dade County.  Sixteen contracts were marked in the Multiple Listing

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Equinox preleases 31K sf at Oak Row’s Edgewater project, as it expands in South Florida 
Business

Equinox preleases 31K sf at Oak Row’s Edgewater project, as it expands in South Florida 

February 11, 2025February 11, 2025

Equinox will open at one of Oak Row Equities’ mixed-use multifamily projects in Miami’s Edgewater, as it expands in South Florida, The Real Deal has

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Marathon Asset Management CEO buys Palm Beach lot for M
Business

Marathon Asset Management CEO buys Palm Beach lot for $20M

February 11, 2025February 11, 2025

Marathon Asset Management CEO Bruce Richards bought a non-waterfront lot in Palm Beach for $19.5 million, adjacent to President Donald Trump’s Mar-a-Lago Club and several

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Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 
Business

Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 

February 11, 2025February 11, 2025

Miami-Dade County’s condo sales and dollar volume fell in the first week of February. Brokers closed 84 condo sales totaling $67.6 million from Feb. 2

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De la Vegas sued by family of UM student killed in crash
Business

De la Vegas sued by family of UM student killed in crash

February 10, 2025February 10, 2025

One Sotheby’s International Realty President Daniel de la Vega and his wife, Veronica Bilbao de la Vega, were sued by the family of Daniel Bishop,

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Todd Glaser, partners in contract to pay record 5M for waterfront North Bay Road estate 
Business

Todd Glaser, partners in contract to pay record $105M for waterfront North Bay Road estate 

February 10, 2025February 10, 2025

Spec home developer Todd Michael Glaser is looking to set another record — this time in Miami Beach.  Glaser and his partners are under contract

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Raimundo Onetto’s Alta plans 466-unit condo project on Hollywood site previously slated for apartments 
Business

Raimundo Onetto’s Alta plans 466-unit condo project on Hollywood site previously slated for apartments 

February 10, 2025February 10, 2025

Developer Raimundo Onetto plans a 466-unit wellness-focused condo project near the Hollywood Beach Golf Club, shifting from his previous plan for apartments, The Real Deal

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MG, Vertical launch condo sales for Alhambra Parc in Coral Gables
Business

MG, Vertical launch condo sales for Alhambra Parc in Coral Gables

February 10, 2025February 10, 2025

MG Developer and Vertical Developments are launching sales for their planned Coral Gables project, Alhambra Parc. The 78-unit condominium is planned for 33 Alhambra Circle,

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