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Category: Business

The Weekly Dirt: Examining DOGE’s potential South Florida sell-off 
Business

The Weekly Dirt: Examining DOGE’s potential South Florida sell-off 

March 9, 2025March 9, 2025

Elon Musk’s potential purge of federal properties across the country includes three South Florida office buildings and the FBI’s headquarters in Miramar.  The properties could

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“Out of scale”: Michael Stern’s and Gianluca Vacchi’s condo tower proposal shot down by Miami Beach board, now heads to commission vote
Business

“Out of scale”: Michael Stern’s and Gianluca Vacchi’s condo tower proposal shot down by Miami Beach board, now heads to commission vote

March 7, 2025March 7, 2025

Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group are heading to the Miami Beach City Commission next month with an unfavorable recommendation

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More mileage: Krause Auto buys two Palm Beach County dealerships for M
Business

More mileage: Krause Auto buys two Palm Beach County dealerships for $31M

March 7, 2025March 7, 2025

Krause Automotive Group is branching out to South Florida after acquiring a pair of Nissan dealerships in Palm Beach County for a combined $30.5 million. 

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Savanna lands 0M construction loan for Olara in West Palm
Business

Savanna lands $380M construction loan for Olara in West Palm

March 7, 2025March 7, 2025

Savanna landed $380 million in construction financing for its waterfront Olara project in West Palm Beach. It marks a crucial milestone for the firm’s first

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13th Floor, LeFrak and Related take over Shoma dev site in Miami
Business

13th Floor, LeFrak and Related take over Shoma dev site in Miami

March 7, 2025March 8, 2025

Shoma Group is abandoning plans to redevelop a shuttered car dealership, selling the 2.5-acre site for $35 million to a group that includes Richard LeFrak’s

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Developer Vlad Doronin sells waterfront Star Island estate for record 0M 
Business

Developer Vlad Doronin sells waterfront Star Island estate for record $120M 

March 7, 2025March 7, 2025

Billionaire developer Vlad Doronin sold his waterfront Star Island estate for $120 million, setting a new record for home sales in Miami-Dade County.  Doronin’s Garden

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Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units 
Business

Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units 

March 7, 2025March 7, 2025

Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami.  Coconut Grove-based Swerdlow

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Resi roundup: Fitness, fashion moguls buy South Florida homes
Business

Resi roundup: Fitness, fashion moguls buy South Florida homes

March 7, 2025March 7, 2025

In the latest roundup of South Florida luxury residential deals, buyers from the fitness, fashion and film industries bought homes. Deals spanned Coral Gables to

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No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project
Business

No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project

March 6, 2025March 6, 2025

Miami-Dade officials could forgo competitive bidding to have developer Michael Swerdlow build a workforce housing project near a site he’s buying from the county for

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Car dealer sells Palm Beach house for M, as season heats up
Business

Car dealer sells Palm Beach house for $19M, as season heats up

March 6, 2025March 6, 2025

A Connecticut car dealer sold his non-waterfront Palm Beach home for $19 million, marking the latest early season luxury sale to close.  Records show Jeffrey

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