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Category: Business

Investors scoop up dev site near Pompano Beach casino for M, amid near record South Florida multifamily pipeline
Business

Investors scoop up dev site near Pompano Beach casino for $29M, amid near record South Florida multifamily pipeline

July 24, 2024July 24, 2024

Atlantic Residential and Northwestern Mutual Life Insurance scooped up a development site for $29.1 million, to build apartments near Harrah’s Pompano Beach Casino.  Their purchase

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830 Brickell office tower lands 5M perm loan, among South Florida’s biggest refinancings ever
Business

830 Brickell office tower lands $565M perm loan, among South Florida’s biggest refinancings ever

July 24, 2024July 24, 2024

The office tower 830 Brickell scored a $565 million loan from an Elliott Investment Management-backed lender, marking one of South Florida’s biggest refinancings ever.  Vlad

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South Florida resi sales, dollar volume tumble in June
Business

South Florida resi sales, dollar volume tumble in June

July 24, 2024July 24, 2024

Residential sales and dollar volume dropped across South Florida in June. Price growth is persisting in the tri-county region, according to data collected by the

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Billionaire Ken Griffin submits site plan for mixed-use Miami supertall
Business

Billionaire Ken Griffin submits site plan for mixed-use Miami supertall

July 24, 2024July 24, 2024

Billionaire Ken Griffin is moving forward with plans to develop a $1 billion-plus mixed-use tower in Miami’s Brickell Financial District. Griffin’s attorney, Neisen Kasdin, this

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South Florida by the numbers: Fireworks in July
Business

South Florida by the numbers: Fireworks in July

July 24, 2024July 24, 2024

“South Florida By the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Summer tends to be a

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Asana sells West Palm Beach’s repurposed warehouse district for M, as South Florida retail deals flow
Business

Asana sells West Palm Beach’s repurposed warehouse district for $20M, as South Florida retail deals flow

July 24, 2024July 24, 2024

Asana Partners sold a portfolio of West Palm Beach warehouses repurposed into retail, restaurant and office space for $19.5 million. The deal comes as such

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Block Capital buys into Diesel Wynwood project, plans relaunch
Business

Block Capital buys into Diesel Wynwood project, plans relaunch

July 23, 2024July 23, 2024

The Miculitzki family’s Block Capital Group bought into Diesel Wynwood, Bel Invest Group’s planned branded condominium project in the trendy Miami neighborhood, The Real Deal

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SJC, Nuveen drop M for Doral dev site, plan Whole Foods-anchored mixed-use project
Business

SJC, Nuveen drop $32M for Doral dev site, plan Whole Foods-anchored mixed-use project

July 23, 2024July 23, 2024

SJC Ventures and Nuveen Real Estate scooped up a development site in Doral for $32 million, with plans for a Whole Foods Market-anchored project.  Atlanta-based

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Boca Raton spec mansion sells for M in offseason deal
Business

Boca Raton spec mansion sells for $29M in offseason deal

July 23, 2024July 23, 2024

Following a busy season for Boca Raton’s priciest neighborhood, another waterfront spec mansion in Royal Palm Yacht & Country Club sold for $28.5 million. Records

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Zaragon sells Plantation office building for M, a 6% discount from 2018
Business

Zaragon sells Plantation office building for $16M, a 6% discount from 2018

July 23, 2024July 23, 2024

Zaragon sold an office building in Plantation for $15.7 million, a 5.5 percent discount from the firm’s purchase price six years ago.  The deal comes

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