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Category: Business

Investors sue developer Icon Equity for alleged fraud
Business

Investors sue developer Icon Equity for alleged fraud

November 12, 2024November 12, 2024

Icon Equity Group allegedly duped investors into funding a quartet of uncompleted luxury home, condominium and restaurant projects in Broward and Palm Beach counties, according

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Fort Partners nabs 1M construction loan for oceanfront Surfside condos
Business

Fort Partners nabs $111M construction loan for oceanfront Surfside condos

November 12, 2024November 12, 2024

Fort Partners is forging ahead with plans for another oceanfront condo development in Surfside.  The Fort Lauderdale-based firm, led by Nadim Ashi, secured a $110.7

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Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for M
Business

Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M

November 12, 2024November 12, 2024

Most developers worry about finding buyers for their projects. Todd Glaser found Herbert Wertheim admiring his car in front of SurfSide Diner in Palm Beach. 

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 Morrison family’s firm pays M for apartment complex with workforce units near West Palm Beach
Business

 Morrison family’s firm pays $17M for apartment complex with workforce units near West Palm Beach

November 12, 2024November 12, 2024

The Morrison family’s Sympatico Real Estate scooped up an apartment complex with some workforce units near West Palm Beach for $17 million.  Sympatico bought the

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Stabilized purchase: BentallGreenOak pays M for Medley warehouse with locked-in tenant
Business

Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant

November 12, 2024November 12, 2024

BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based

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Grovenor House closing tops Miami-Dade weekly condo sales 
Business

Grovenor House closing tops Miami-Dade weekly condo sales 

November 12, 2024November 12, 2024

Miami-Dade County’s condo sales and total dollar volume fell last week. Brokers closed 83 condo sales totaling $61 million from Nov. 3rd to Nov. 10th.

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“Flight to Florida” will continue despite high costs, limited inventory: takeaways from The Real Deal Miami forum
Business

“Flight to Florida” will continue despite high costs, limited inventory: takeaways from The Real Deal Miami forum

November 11, 2024November 11, 2024

Property Markets Group’s Kevin Maloney (Photos by Alive Coverage) The pandemic’s effects on South Florida’s real estate industry are well documented. Prices for homes and

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Grand Peaks buys rental complex near Boca Raton for M –– a slight discount from its last sale price 
Business

Grand Peaks buys rental complex near Boca Raton for $91M –– a slight discount from its last sale price 

November 11, 2024November 11, 2024

Grand Peaks bought a 448-unit apartment complex near Boca Raton for $90.9 million, marking a slight discount from its last sale price five years ago. 

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Wife of Planet Hollywood co-founder finds buyer for waterfront Miami Beach home
Business

Wife of Planet Hollywood co-founder finds buyer for waterfront Miami Beach home

November 11, 2024November 11, 2024

Ann Barish, a socialite who is married to Planet Hollywood co-founder and film producer Keith Barish, secured a buyer for her waterfront Miami Beach home. 

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Lease roundup: Steve Ross lands GoldenTree, Amerant Bank at his downtown West Palm towers
Business

Lease roundup: Steve Ross lands GoldenTree, Amerant Bank at his downtown West Palm towers

November 11, 2024November 11, 2024

GoldenTree Asset Management, Vista Investments of Florida, more | downtown West Palm Beach  Steve Ross scored new tenants and lease renewals at his downtown West Palm

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