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Category: Business

Alo Yoga founders expand retail portfolio with M South Beach acquisition
Business

Alo Yoga founders expand retail portfolio with $17M South Beach acquisition

September 18, 2024September 18, 2024

Alo Yoga founders Danny Harris and Marco DeGeorge expanded their retail portfolio by acquiring a South Beach condominium’s ground-floor retail space. An entity managed by

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Goya heir Andrew Unanue revealed as buyer of M Palm Beach estate
Business

Goya heir Andrew Unanue revealed as buyer of $63M Palm Beach estate

September 18, 2024September 18, 2024

More than a year after the deal closed, Goya Foods heir Andrew Unanue is revealed as the buyer of a $63.4 million lakefront estate in

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Macy’s offloads two South Florida retail properties for a combined M
Business

Macy’s offloads two South Florida retail properties for a combined $28M

September 18, 2024September 18, 2024

Macy’s offloaded a couple of retail properties in South Florida, selling both for a combined $28 million. Most recently, an affiliate of Columbus, Ohio-based Washington

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Lease roundup: West Palm Beach adds hundreds of rentals
Business

Lease roundup: West Palm Beach adds hundreds of rentals

September 18, 2024September 18, 2024

Thousands of residential units are in the development pipeline in West Palm Beach, following a rush of post-pandemic investment in the coastal city.  While many

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Ira Giller’s Miami Beach mixed-use project design greenlit
Business

Ira Giller’s Miami Beach mixed-use project design greenlit

September 18, 2024September 18, 2024

Miami Beach architect Ira Giller can move forward with plans for a new mixed-use building in his home city’s Mid-Beach neighborhood. Earlier this month, the

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Florida leads nation with half of residential floodplain development
Business

Florida leads nation with half of residential floodplain development

September 17, 2024September 17, 2024

Half of all residential development on flood-prone land in the U.S. over the past two decades has been built in Florida  From 2001 to 2019,

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Aimco scores 2M construction loan, M in equity for Edgewater apartment tower
Business

Aimco scores $172M construction loan, $56M in equity for Edgewater apartment tower

September 17, 2024September 17, 2024

Aimco scored a $228 million financing package to develop a 114-unit apartment tower in Miami’s Edgewater, as construction loans keep flowing in South Florida.  The

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Robert Rivani’s Black Lion scores design approval for Miami Beach mixed-use building renovation
Business

Robert Rivani’s Black Lion scores design approval for Miami Beach mixed-use building renovation

September 17, 2024September 17, 2024

A Miami Beach board gave Robert Rivani’s Black Lion the green light to revamp the exterior of a mixed-use building off Lincoln Road. Earlier this

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MG Developer taps Serhant to lead sales of Coral Gables townhomes
Business

MG Developer taps Serhant to lead sales of Coral Gables townhomes

September 17, 2024September 17, 2024

Alirio Torrealba’s MG Developer is launching sales of the final phase of its Biltmore Square development in Coral Gables.  The Coral Gables-based firm hired Serhant

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Resi roundup: Private equity investor, aviation mogul, epidemiologist buy, sell South Florida homes
Business

Resi roundup: Private equity investor, aviation mogul, epidemiologist buy, sell South Florida homes

September 17, 2024September 17, 2024

In the latest roundup of South Florida luxury residential deals, sales spanned Pinecrest to Wellington and ranged in price from $6.8 million to $11 million. 

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