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Category: Business

Movers & Shakers: Elliman taps new development marketing VP
Business

Movers & Shakers: Elliman taps new development marketing VP

February 24, 2025February 24, 2025

Douglas Elliman tapped Drew Backoff as its vice president of marketing for new development, according to a press release. As part of his role, Backoff

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The Weekly Dirt: Flip side of the Trump bump
Business

The Weekly Dirt: Flip side of the Trump bump

February 23, 2025February 23, 2025

President Trump’s tariff threats and immigration policies will likely hit the construction industry.  Though few South Florida developers want to talk about it (at least

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Mexican mogul drops M on Aston Martin condo in Brickell
Business

Mexican mogul drops $18M on Aston Martin condo in Brickell

February 21, 2025February 21, 2025

Mexican industrial magnate Luis Castelazo bought a condo at Aston Martin Residences in Miami’s Brickell neighborhood for $18 million. Records show Castelazo’s First Aston LLC,

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Self-storage facility owner backed by Easton faces M foreclosure
Business

Self-storage facility owner backed by Easton faces $22M foreclosure

February 21, 2025February 21, 2025

A self-storage facility owner backed by Doral-based Easton Group is in danger of losing a seven-story warehouse in Miami’s Allapattah tied to a $22.1 million

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Karltons set Allison Island record with M sale of waterfront spec mansion
Business

Karltons set Allison Island record with $32M sale of waterfront spec mansion

February 21, 2025February 21, 2025

Karlton Companies sold a waterfront spec mansion for $31.5 million, marking a record for Allison Island in Miami Beach.  An affiliate of the company sold

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Edgewater dev site in Miami hits market for M, as partners abandon plans for mixed-use tower
Business

Edgewater dev site in Miami hits market for $32M, as partners abandon plans for mixed-use tower

February 21, 2025February 21, 2025

A group of developers are scrapping plans for a mixed-use tower in Miami’s Edgewater and are listing the site with an asking price of $32

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Four Seasons closing tops Broward weekly condo sales
Business

Four Seasons closing tops Broward weekly condo sales

February 21, 2025February 21, 2025

Broward County’s condo sales and dollar volume dropped in the second week of February. Brokers closed 51 condo sales totaling $31.9 million from Feb. 10

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Billionaire WhatsApp co-founder hunting for a waterfront South Florida estate
Business

Billionaire WhatsApp co-founder hunting for a waterfront South Florida estate

February 20, 2025February 20, 2025

The billionaire co-founder of WhatsApp has been shopping for an ultra-luxury waterfront estate in South Florida, The Real Deal has learned.  Ukranian-American businessman and computer

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IP Capital boosts industrial portfolio, paying M for its first Miami cold storage facility 
Business

IP Capital boosts industrial portfolio, paying $26M for its first Miami cold storage facility 

February 20, 2025February 20, 2025

IP Capital Partners boosted its industrial holdings in South Florida, acquiring a cold storage facility near Miami International Airport for $25.7 million. A JLL team

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Ex-Patrón boss sells Bears Club mansion for M, shattering Jupiter price record
Business

Ex-Patrón boss sells Bears Club mansion for $48M, shattering Jupiter price record

February 20, 2025February 20, 2025

The retired head of Patrón Spirits sold his Bears Club mansion for $48 million, making it the most expensive home ever sold in Jupiter and

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