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Category: Business

Brand mogul Anand Khubani pays M for billionaire’s North Bay Road mansion
Business

Brand mogul Anand Khubani pays $40M for billionaire’s North Bay Road mansion

January 23, 2025January 23, 2025

Brand mogul Anand Khubani added to his luxury portfolio in Miami Beach with the $40 million purchase of a waterfront mansion on North Bay Road. 

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IMC Equity advances mixed-use project with 233 apartments at Lauderhill Mall
Business

IMC Equity advances mixed-use project with 233 apartments at Lauderhill Mall

January 23, 2025January 23, 2025

IMC Equity Group advanced plans to develop a three-building, mid-rise complex with 233 apartments on the south side of the Lauderhill Mall. IMC Equity, led

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Auberge Beach closing tops Broward weekly condo sales 
Business

Auberge Beach closing tops Broward weekly condo sales 

January 23, 2025January 23, 2025

Broward County’s condo sales and dollar volume rose in the third week of January. Brokers closed 119 condo sales totaling $42.6 million from Jan. 12

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Château, Fortune score site plan changes for St. Regis Sunny Isles
Business

Château, Fortune score site plan changes for St. Regis Sunny Isles

January 22, 2025January 22, 2025

Château Group and Fortune International Group secured changes to their site plan for St. Regis Residences, Sunny Isles Beach.  Sunny Isles commissioners last week approved

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South Florida office vacancies and asking rents hold steady in fourth quarter, despite some foreclosures and discounted deals
Business

South Florida office vacancies and asking rents hold steady in fourth quarter, despite some foreclosures and discounted deals

January 22, 2025January 22, 2025

Outside Miami’s Brickell neighborhood and downtown West Palm Beach, office landlords in South Florida faced troubling trends in the fourth quarter of last year. Older

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Monceau ramps up Live Local Act pipeline with proposals for 120-unit project in Naranja, 252-unit building in Goulds
Business

Monceau ramps up Live Local Act pipeline with proposals for 120-unit project in Naranja, 252-unit building in Goulds

January 22, 2025January 22, 2025

The Haccoun family’s Monceau Real Estate proposes a 120-unit apartment project in Naranja and a 252-unit development in Goulds, as the firm ramps up its

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eXp Realty acquires 102-agent brokerage in Miami
Business

eXp Realty acquires 102-agent brokerage in Miami

January 22, 2025January 22, 2025

eXp Realty acquired a 102-agent brokerage in Miami, expanding its South Florida presence. The Bellingham, Washington-based firm acquired OnePath Realty, according to a press release.

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Private equity billionaire sues Sapir over alleged construction defects at oceanfront Arte condo in Surfside
Business

Private equity billionaire sues Sapir over alleged construction defects at oceanfront Arte condo in Surfside

January 22, 2025January 22, 2025

The billionaire owner of a penthouse at Arte, an oceanfront luxury condo building in Surfside, is suing the developer over alleged construction defects.  The suit

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Twenty One Hundred closing tops Palm Beach County weekly condo sales
Business

Twenty One Hundred closing tops Palm Beach County weekly condo sales

January 22, 2025January 22, 2025

Palm Beach County’s condo sales dollar volume rose in the third week of January, despite a drop in deals.  Brokers closed 81 condo sales totaling

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Codina lands 4M refi for Downtown Doral apartments, uses part of capital to buy out partner Invesco
Business

Codina lands $124M refi for Downtown Doral apartments, uses part of capital to buy out partner Invesco

January 21, 2025January 21, 2025

Codina Partners scored a $124 million refinancing for a pair of Downtown Doral apartment towers, using part of the capital to buy out Invesco’s stake

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