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Category: Business

Grocery honcho buys M waterfront mansion near Palm Beach Gardens  
Business

Grocery honcho buys $16M waterfront mansion near Palm Beach Gardens  

February 12, 2025February 12, 2025

Grocery honcho David Cesario and his wife, Leann Cesario, bought a waterfront mansion near Palm Beach Gardens for $15.5 million. Records show the Cesarios bought

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Asi Cymbal scores 4M refi for Live Local Act apartment complex in Miami Gardens, as South Florida loans flow 
Business

Asi Cymbal scores $114M refi for Live Local Act apartment complex in Miami Gardens, as South Florida loans flow 

February 12, 2025February 12, 2025

Asi Cymbal scored a $114 million refinancing for a 341-unit Live Local Act apartment complex in Miami Gardens, as loans keep flowing in South Florida. 

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Baywood, Dolphin Capital score M loan for Wynwood’s Moxy hotel, as they bring in new partner
Business

Baywood, Dolphin Capital score $36M loan for Wynwood’s Moxy hotel, as they bring in new partner

February 12, 2025February 12, 2025

When DolphinBay Hospitality sold a majority stake in the Moxy Miami Wynwood hotel recently, the joint venture also secured $35.5 million in new financing.  DolphinBay

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Presidential Place closing tops Palm Beach County weekly condo sales
Business

Presidential Place closing tops Palm Beach County weekly condo sales

February 12, 2025February 12, 2025

Palm Beach County’s condo sales and dollar volume dropped in the first week of February. Brokers closed 70 condo sales totaling $35.3 million from Feb.

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Checking in: Hospitality mogul buys Venetian Islands spec home for M
Business

Checking in: Hospitality mogul buys Venetian Islands spec home for $19M

February 11, 2025February 11, 2025

Hospitality mogul Nick Patel bought a waterfront spec home on Miami’s Venetian Islands from developer Pascal Nicolai for $19.4 million. Records show Patel’s Kalyan Miami

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Calta lands M construction loan for Hollywood apartments, amid South Florida multifamily supply overhang 
Business

Calta lands $54M construction loan for Hollywood apartments, amid South Florida multifamily supply overhang 

February 11, 2025February 11, 2025

The Caltagirone brothers’ Calta Group scored a $53.7 million construction loan for a pair of Hollywood apartment projects with a total of 251 units.  The

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M Bay Point home tops signed contracts report in Miami-Dade
Business

$24M Bay Point home tops signed contracts report in Miami-Dade

February 11, 2025February 11, 2025

A waterfront Bay Point house asking $24 million topped last week’s signed contracts report in Miami-Dade County.  Sixteen contracts were marked in the Multiple Listing

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Equinox preleases 31K sf at Oak Row’s Edgewater project, as it expands in South Florida 
Business

Equinox preleases 31K sf at Oak Row’s Edgewater project, as it expands in South Florida 

February 11, 2025February 11, 2025

Equinox will open at one of Oak Row Equities’ mixed-use multifamily projects in Miami’s Edgewater, as it expands in South Florida, The Real Deal has

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Marathon Asset Management CEO buys Palm Beach lot for M
Business

Marathon Asset Management CEO buys Palm Beach lot for $20M

February 11, 2025February 11, 2025

Marathon Asset Management CEO Bruce Richards bought a non-waterfront lot in Palm Beach for $19.5 million, adjacent to President Donald Trump’s Mar-a-Lago Club and several

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Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 
Business

Surf Club Four Seasons closing tops Miami-Dade weekly condo sales 

February 11, 2025February 11, 2025

Miami-Dade County’s condo sales and dollar volume fell in the first week of February. Brokers closed 84 condo sales totaling $67.6 million from Feb. 2

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