South Florida’s industrial market softened this year, largely due to speculative construction that added vacant space to the market. Although leasing was steady, activity didn’t
Category: Business
World’s richest optometrist pays $62M for oceanfront Manalapan mansion
Billionaire optometrist and inventor Dr. Herbert Wertheim paid $65 million for an oceanfront estate in Manalapan, adding to his portfolio of luxury homes. Property records
In for a bad time: Miami Beach's Goodtime Hotel owners in legal battle over $149M debt
The developers of Miami Beach’s Goodtime Hotel are in for a not-so-good time over a payment guarantee tied to an allegedly defaulted $149.3 million mortgage.
Keurig Green Mountain billionaire inks deal for waterfront Palm Beach mansion asking $84M
Coffee magnate Bob Stiller’s pending deal to sell his lakefront Palm Beach mansion, asking $84 million, topped a strong week of luxury contracts in Palm
Inexpensive short-term rental project in Overtown scores $93M construction loan
PMG, Michael Simkins’ Lion Development Group and Alex Karakhanian’s Lndmrk Development scored a $92.5 million construction loan for their short-term-rental friendly condo project in Miami’s
Here are South Florida’s top residential sales of 2025
South Florida’s most expensive residential sales this year show a bifurcated market: one for the billionaires, and one for the rest. It’s a sign of
Votes on tap: Namdar, Helm seize on Live Local Act with resi towers
Three developers with plans to add 1,600 multifamily units to Miami, including some workforce apartments through the Live Local Act, are headed to a city
Publix buying spree bags Boca Raton shopping center for $83M
Publix added another South Florida shopping center anchored by one of its stores to the grocer’s growing portfolio, dropping $83 million for a retail site
Former Royal Caribbean CEO Richard Fain finds buyer for $37M mansion
Royal Caribbean Group’s former longtime chairman and CEO Richard Fain signed a contract to sell his waterfront Coral Gables estate, asking $37 million. The pending
Wrigley chewing gum heir sells North Palm Beach compound for $98M
William Wrigley Jr., an heir to the Wrigley chewing gum fortune, sold a waterfront compound in North Palm Beach for $97.5 million. Wrigley sold the