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Category: Business

Lease roundup: Regus takes over WeWork’s former South of Fifth space, Ares opening Sunset Harbour office
Business

Lease roundup: Regus takes over WeWork’s former South of Fifth space, Ares opening Sunset Harbour office

December 16, 2024December 16, 2024

Regus | Miami Beach  Co-working firm Regus took over office space vacated by WeWork in Miami Beach’s South of Fifth neighborhood.  Regus leased the entire

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Here are South Florida’s largest multifamily sales of 2024
Business

Here are South Florida’s largest multifamily sales of 2024

December 16, 2024December 16, 2024

South Florida’s multifamily market felt the pinch of elevated interest rates this year.  No single-asset purchase by an institutional investor broke the $200 million threshold,

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Movers & Shakers: Colliers taps Boca Raton-based VP
Business

Movers & Shakers: Colliers taps Boca Raton-based VP

December 16, 2024December 16, 2024

Firms made a flurry of South Florida real estate personnel moves ahead of the holiday season. Colliers brought in Michael Osiecki as a vice president,

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The Weekly Dirt: The Feds come knocking for the Alexander brothers
Business

The Weekly Dirt: The Feds come knocking for the Alexander brothers

December 15, 2024December 15, 2024

Oren, Tal and Alon Alexander are sitting in jail, days after the FBI arrested the brothers on federal sex trafficking charges.  It would be an

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Owens Realty, Galium sell Palm Beach Gardens Seacoast building for M
Business

Owens Realty, Galium sell Palm Beach Gardens Seacoast building for $30M

December 13, 2024December 13, 2024

Owens Realty Capital and Galium Capital sold the Seacoast Banking Centre building in Palm Beach Gardens for $30.3 million.  The deal comes at a time

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BREAKING: Construction accident injures three at Fort Partners’ condo site in Surfside
Business

BREAKING: Construction accident injures three at Fort Partners’ condo site in Surfside

December 13, 2024December 13, 2024

Miami-Dade County Fire Rescue responded to a construction accident that left three workers injured at the Surfside site of a Fort Partners condo project.  Two

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Loan trouble for Miami Real Housewife and hubby? Lender sues Stephanie and Masoud Shojaee over allegedly unpaid M debt
Business

Loan trouble for Miami Real Housewife and hubby? Lender sues Stephanie and Masoud Shojaee over allegedly unpaid $11M debt

December 13, 2024December 13, 2024

Masoud and Stephanie Shojaee are facing off against an aggressive lender seeking repayment of a $10.5 million loan. On Tuesday, an affiliate of Delaware entity

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Midtown Miami developer Jon Samuel heads north, pays M for Broward Mall’s shuttered Sears store
Business

Midtown Miami developer Jon Samuel heads north, pays $28M for Broward Mall’s shuttered Sears store

December 13, 2024December 13, 2024

Jon Samuel, one of the first developers at Midtown Miami, is venturing into Broward County, acquiring a shuttered Sears store for $28 million. An affiliate

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Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach
Business

Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach

December 13, 2024December 13, 2024

Developer Al Adelson and the Morrison family’s Sympatico Real Estate broke ground and launched sales for their planned West Palm Beach condo project. Shovels hit

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Miami Heat’s Jimmy Butler renting waterfront Miami Beach mansion for over K
Business

Miami Heat’s Jimmy Butler renting waterfront Miami Beach mansion for over $70K

December 12, 2024December 12, 2024

Miami Heat superstar Jimmy Butler is renting a waterfront Miami Beach home for more than $70,000 a month, The Real Deal has learned.  Butler, who

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