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Category: Business

Longpoint expands South Florida retail portfolio with M Pompano Beach purchase
Business

Longpoint expands South Florida retail portfolio with $33M Pompano Beach purchase

August 16, 2024August 16, 2024

Longpoint Realty Partners added another grocery store-anchored shopping center to its South Florida retail portfolio. An affiliate of Boston-based Longpoint paid $33.1 million for Palm

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Prologis pays M for Verizon subsidiary HQ near Doral, with plans for industrial redevelopment
Business

Prologis pays $55M for Verizon subsidiary HQ near Doral, with plans for industrial redevelopment

August 16, 2024August 16, 2024

Prologis bought a Verizon subsidiary’s headquarters near Doral for $54.5 million, with plans for an industrial redevelopment.  The San Francisco-based real estate investment trust scooped

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Resi roundup: Luxury homes trade despite slow season
Business

Resi roundup: Luxury homes trade despite slow season

August 16, 2024August 16, 2024

In the latest roundup of South Florida luxury sales, homes continued to sell despite the summer slowdown.  Sales spanned Sunny Isles Beach to Palm Beach,

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Clara Homes lands M construction loan for Bay Harbor Islands project, amid record South Florida multifamily pipeline
Business

Clara Homes lands $54M construction loan for Bay Harbor Islands project, amid record South Florida multifamily pipeline

August 16, 2024August 16, 2024

Clara Homes scored a $53.6 million construction loan for its Bay Harbor Islands multifamily project, advancing the development into its next stage.  The deal comes

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Witkoff, Blavatnik plan luxury hotel and private golf club at former Banyan Cay Resort in West Palm
Business

Witkoff, Blavatnik plan luxury hotel and private golf club at former Banyan Cay Resort in West Palm

August 16, 2024August 16, 2024

West Palm Beach is getting a new private golf club and a luxury hotel after years of stalled progress at the Banyan Cay Resort site. 

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Agent exodus expected in South Florida as NAR policy changes take effect
Business

Agent exodus expected in South Florida as NAR policy changes take effect

August 15, 2024August 15, 2024

South Florida agents and brokers have spent months preparing for policy shifts that will take effect this weekend, affecting how buyer’s agents are compensated.  But

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Doral City Council green-lights Trump Doral condo expansion
Business

Doral City Council green-lights Trump Doral condo expansion

August 15, 2024August 15, 2024

Doral City Council members approved the Trump Organization’s proposal to develop up to 1,500 luxury condos on the Trump National Doral Miami property.  Mayor Christi

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Multiplan launches sales for oceanfront Surfside condos 
Business

Multiplan launches sales for oceanfront Surfside condos 

August 15, 2024August 15, 2024

Multiplan Real Estate Asset Management is launching sales of a planned boutique oceanfront condo building in Surfside, seven months after buying the site. The 12-story

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Construction mogul’s widow sells waterfront Key Biscayne home for M
Business

Construction mogul’s widow sells waterfront Key Biscayne home for $20M

August 15, 2024August 15, 2024

The widow of a construction mogul sold her waterfront Key Biscayne home for $19.5 million, marking the latest pricey sale on the island enclave this

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Miami-Dade’s aviation department moving to new digs after M purchase of office building near MIA
Business

Miami-Dade’s aviation department moving to new digs after $26M purchase of office building near MIA

August 15, 2024August 15, 2024

Miami-Dade County paid $26.3 million for an office building for its aviation department.  The county bought the six-story, 112,500-square-foot building at 7200 Northwest 19th Street

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