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Category: Business

Broward condo sales drop in September to 9M
Business

Broward condo sales drop in September to $199M

October 8, 2024October 8, 2024

Broward County’s September condo sales and dollar volume hit their lowest levels so far this year. September condo sales totaled $199 million, falling from $253

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Isaac Lustgarten exits Alexanders’ Official, joins Corcoran
Business

Isaac Lustgarten exits Alexanders’ Official, joins Corcoran

October 7, 2024October 7, 2024

Oren Alexander’s longtime associate, Isaac Lustgarten, exited Official and joined the Corcoran Group, The Real Deal has learned.  Lustgarten is the latest agent to depart

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SmartStop adds fourth self-storage facility to South Florida portfolio, paying M for North Miami site
Business

SmartStop adds fourth self-storage facility to South Florida portfolio, paying $31M for North Miami site

October 7, 2024October 7, 2024

SmartStop beefed up its South Florida self-storage portfolio, buying a recently completed North Miami facility for $30.8 million. An affiliate of Ladera Ranch, California-based SmartStop,

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P6 enters Miami-Dade market after paying M for dev site near Aventura Mall
Business

P6 enters Miami-Dade market after paying $16M for dev site near Aventura Mall

October 7, 2024October 7, 2024

P6 Group expanded its pipeline into Miami-Dade County, paying $16 million for a development site near Aventura Mall. The Boca Raton-based developer is planning The

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Stearns family secures buyer for waterfront Key Biscayne mansion asking M
Business

Stearns family secures buyer for waterfront Key Biscayne mansion asking $27M

October 7, 2024October 7, 2024

A waterfront mansion on the market for $26.5 million in Key Biscayne secured a buyer, topping last week’s signed residential contracts report in Miami-Dade County. 

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Palm Beach County condo sales drop in September to 1M 
Business

Palm Beach County condo sales drop in September to $221M 

October 7, 2024October 7, 2024

Palm Beach County’s condo sales and dollar volume fell last month. September condo sales totaled $221 million, falling from $233 million in August. Brokers closed

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Movers & Shakers: Forman Capital names associate VP
Business

Movers & Shakers: Forman Capital names associate VP

October 7, 2024October 7, 2024

Firms are bulking up on personnel in the latest roundup of South Florida real estate hiring news. In Palm Beach, commercial lender Forman Capital promoted

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Morgan and Carlyle pay M for Pompano Beach dev site that includes closed Macy’s store
Business

Morgan and Carlyle pay $19M for Pompano Beach dev site that includes closed Macy’s store

October 4, 2024October 4, 2024

Morgan Group and Carlyle Group are moving ahead with plans for a new garden-style apartment complex in Pompano Beach after paying $18.8 million for a

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Former TV advertising boss sells Jupiter spec mansion for M
Business

Former TV advertising boss sells Jupiter spec mansion for $16M

October 4, 2024October 4, 2024

Ahead of South Florida real estate’s busy season, a former TV advertising boss sold a $16.3 million Jupiter waterfront spec mansion in an off-market deal.

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Northwood dips into South Florida’s industrial market with M warehouse purchase
Business

Northwood dips into South Florida’s industrial market with $47M warehouse purchase

October 4, 2024October 4, 2024

Northwood Investors is wading into South Florida’s booming industrial market after paying $46.5 million for a Doral warehouse.  An affiliate of Northwood, a Denver-based real

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