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Category: Business

Florida mortgage lender settles redlining claims for .8M  
Business

Florida mortgage lender settles redlining claims for $1.8M  

January 9, 2025January 9, 2025

The Mortgage Firm agreed to pay $1.75 million to settle a lawsuit alleging that the company engaged in lending discrimination and redlining in mostly Black

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Ritz-Carlton Fort Lauderdale closing tops Broward weekly condo sales
Business

Ritz-Carlton Fort Lauderdale closing tops Broward weekly condo sales

January 9, 2025January 9, 2025

Here’s a breakdown of the top 10 sales from Dec. 30 to Jan. 6:   Most Expensive Ritz-Carlton, Fort Lauderdale, 1 North Fort Lauderdale Beach

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Location Ventures’ Miami Beach dev site sold for M — but investors are frozen out
Business

Location Ventures’ Miami Beach dev site sold for $18M — but investors are frozen out

January 8, 2025January 8, 2025

Another piece of Rishi Kapoor’s former real estate empire sold for $17.5 million, but the deal froze out more than 30 co-living condo buyers. Bernice

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Terra launches sales for Well-branded condos in Coconut Grove
Business

Terra launches sales for Well-branded condos in Coconut Grove

January 8, 2025January 8, 2025

In step with New Year’s health-and-fitness resolutions, David Martin is launching  a Coconut Grove project designed for the wellness zealot.  David Martin’s Terra launched sales

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Steve Ross lands 0 refi for downtown West Palm convention center hotel, as billionaire continues area investment  
Business

Steve Ross lands $150 refi for downtown West Palm convention center hotel, as billionaire continues area investment  

January 8, 2025January 8, 2025

Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll.  His company, Related Ross, scored a $150

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Waterfront estate in Miami’s Bay Point sells for record M 
Business

Waterfront estate in Miami’s Bay Point sells for record $85M 

January 8, 2025January 8, 2025

A waterfront estate in Miami’s Bay Point sold for just over $85 million, marking one of the most expensive home sales ever in Miami-Dade County.

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Prive sues South American partners for more than M in damages
Business

Prive sues South American partners for more than $20M in damages

January 8, 2025January 8, 2025

Usually, when a South Florida real estate project goes haywire, it’s the investors accusing the developer of a double-cross. But the tables have turned, according

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Four Hundred South Ocean closing tops Palm Beach County weekly condo sales 
Business

Four Hundred South Ocean closing tops Palm Beach County weekly condo sales 

January 8, 2025January 8, 2025

Palm Beach County’s condo sales and dollar volume rose in the first week of the year. Brokers closed 95 condo sales totaling $61 million from

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Dubai-based developer of Surfside collapse site plans B US data centers investment
Business

Dubai-based developer of Surfside collapse site plans $20B US data centers investment

January 7, 2025January 7, 2025

The developer of the Surfside collapse site plans to pump at least $20 billion into data centers across the U.S.  Dubai-based Damac Properties, led by

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Lennar proposes 119 single-family homes in Homestead, amid development flurry in south Miami-Dade
Business

Lennar proposes 119 single-family homes in Homestead, amid development flurry in south Miami-Dade

January 7, 2025January 7, 2025

Lennar proposes 119 single-family homes in Homestead, as the flurry of residential development continues in south Miami-Dade County.  The homebuilder wants to build a high-end

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