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Category: Business

Stiles drops M for Wilton Manors shopping center, plans renovations
Business

Stiles drops $28M for Wilton Manors shopping center, plans renovations

December 20, 2024December 20, 2024

Stiles bought a shopping center in Wilton Manors for $27.6 million, but it won’t pursue the seller’s previous plan to redevelop a portion of the

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Condo owners at Murano at Portofino in South Beach approve second phase of nearly M in special assessments
Business

Condo owners at Murano at Portofino in South Beach approve second phase of nearly $60M in special assessments

December 19, 2024December 19, 2024

Condo owners at a luxury high-rise in South Beach are on the hook for a $27.2 million special assessment for repairs and renovations, two years

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TA Realty drops 0M for Opa-locka warehouse campus, marking South Florida’s third biggest industrial deal this year 
Business

TA Realty drops $160M for Opa-locka warehouse campus, marking South Florida’s third biggest industrial deal this year 

December 19, 2024December 19, 2024

TA Realty dropped $160 million for a warehouse complex in Opa-locka, marking the third biggest industrial deal in South Florida this year.  Boston-based TA Realty

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Whitman family lands mammoth 0M refi, construction loan for Bal Harbour Shops expansion
Business

Whitman family lands mammoth $740M refi, construction loan for Bal Harbour Shops expansion

December 19, 2024December 19, 2024

Bal Harbour Shops’ owner landed a $740 million loan for the high-end retail center, marking  continued lending in South Florida.  New York-based investment behemoth Blackstone

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BH targets North Bay Village, under contract to purchase multifamily project for M-plus
Business

BH targets North Bay Village, under contract to purchase multifamily project for $80M-plus

December 19, 2024December 19, 2024

BH Group is adding a North Bay Village multifamily project to its South Florida portfolio, The Real Deal has learned. The Aventura-based firm, led by

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Here are South Florida’s top residential sales of 2024
Business

Here are South Florida’s top residential sales of 2024

December 19, 2024December 19, 2024

South Florida’s top residential sales this year reveal a tropical region fundamentally changed.  Broward County, which has always lagged behind neighboring Palm Beach and Miami-Dade

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Broward condo sales, dollar volume fall last week
Business

Broward condo sales, dollar volume fall last week

December 19, 2024December 19, 2024

Broward County’s condo sales and dollar volume fell in the second week of December. Brokers closed 117 condo sales totaling $36.6 million from Dec. 8

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Lennar plans B land banking REIT spin-off
Business

Lennar plans $5B land banking REIT spin-off

December 18, 2024December 18, 2024

Lennar, one of the nation’s largest homebuilders, plans to spin off a land banking subsidiary, Millrose Properties. The Miami-based firm, led by co-CEOs Jon Jaffe

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Bowery buys 352-unit rental complex in Lauderhill for M, as year-end multifamily deals continue
Business

Bowery buys 352-unit rental complex in Lauderhill for $44M, as year-end multifamily deals continue

December 18, 2024December 18, 2024

Bowery Properties bought a 352-unit apartment complex in Lauderhill for $44.1 million, marking a continuation of the year-end rush of South Florida multifamily investment sales. 

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Cade Capital jumps into mobile home parks, acquiring 8-acre site in West Miami for M
Business

Cade Capital jumps into mobile home parks, acquiring 8-acre site in West Miami for $27M

December 18, 2024December 18, 2024

Cade Capital expanded its real estate holdings with the $26.5 million purchase of a West Miami motel, mobile home park and Autozone store. An affiliate

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