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Category: Business

Azure closing tops Palm Beach County weekly condo sales 
Business

Azure closing tops Palm Beach County weekly condo sales 

October 10, 2024October 10, 2024

Palm Beach County’s sales and dollar volume rose last week. Brokers closed 123 condo sales totaling $54.7 million from Sept. 29th to Oct. 6th. The

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Ares cements top ranking for pricey purchases in South Florida, paying 7M for Miami Lakes industrial complex
Business

Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex

October 9, 2024October 9, 2024

Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the

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MG Developer, Prosper pay M for North Bay Village condo dev site 
Business

MG Developer, Prosper pay $31M for North Bay Village condo dev site 

October 9, 2024October 9, 2024

MG Developer teamed up with Prosper Group to acquire a waterfront condo development site in North Bay Village for $30.9 million, The Real Deal has

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Bluenest buys Homestead site for 219 townhouses, as south Miami-Dade resi development keeps surging
Business

Bluenest buys Homestead site for 219 townhouses, as south Miami-Dade resi development keeps surging

October 9, 2024October 9, 2024

Bluenest Development bought a Homestead site with plans for 219 townhouses, as residential construction in south Miami-Dade County continues to surge.  The Miami-based firm scooped

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East Capital’s Miami-Dade industrial buying binge continues with M purchase near Aventura
Business

East Capital’s Miami-Dade industrial buying binge continues with $48M purchase near Aventura

October 9, 2024October 9, 2024

East Capital Partners is amassing industrial properties in Miami-Dade County, buying its third warehouse complex this year. An affiliate of Darien, Connecticut-based East Capital, led

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Oil heiress sells Manalapan mansion for M, as tony enclave heats up
Business

Oil heiress sells Manalapan mansion for $16M, as tony enclave heats up

October 9, 2024October 9, 2024

Oil heiress Jean Christine Thompson sold an oceanfront estate in Manalapan for $15.6 million, as luxury activity picks up in the tony enclave. Thompson’s Dos

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Murano at Portofino closing tops Miami-Dade weekly condo sales
Business

Murano at Portofino closing tops Miami-Dade weekly condo sales

October 9, 2024October 9, 2024

Miami-Dade County’s condo sales dollar volume dropped last week, as a closing at Murano at Portofino in Miami Beach led the way. Brokers closed 120

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Damage from hurricanes Helene, Milton could top 0B
Business

Damage from hurricanes Helene, Milton could top $200B

October 8, 2024October 8, 2024

As Florida’s Tampa Bay region braces for Hurricane Milton to make landfall on Wednesday, many in the storm’s path are still reeling from Hurricane Helene’s

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Elliott completes Brickell office tower purchase for 3M, solidifying the hedge fund’s position as major South Florida player
Business

Elliott completes Brickell office tower purchase for $443M, solidifying the hedge fund’s position as major South Florida player

October 8, 2024October 8, 2024

Paul Singer’s Elliott Investment Management completed its purchase of a Brickell office tower for $443 million. The deal, billed as the second largest office deal

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Hotusa checks into Miami Beach, pays M for Art Deco hotel
Business

Hotusa checks into Miami Beach, pays $20M for Art Deco hotel

October 8, 2024October 8, 2024

Grupo Hotusa is booking into Miami Beach, acquiring an Art Deco hotel for $19.7 million. An affiliate of Barcelona-based Hotusa, led by President Amancio Lòpez

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