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Category: Business

OceanLand scores M construction loan for Sixth&Rio Fort Lauderdale condos
Business

OceanLand scores $96M construction loan for Sixth&Rio Fort Lauderdale condos

November 5, 2024November 5, 2024

OceanLand Investments scored a $96 million construction loan for its planned Sixth&Rio condo project in Fort Lauderdale.  The Fort Lauderdale-based developer landed financing from Invictus

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AW Property scoops up pair of Jupiter medical office buildings for M 
Business

AW Property scoops up pair of Jupiter medical office buildings for $18M 

November 5, 2024November 5, 2024

AW Property scooped up a pair of medical office buildings in Jupiter for $17.8 million, combined.  In the bigger deal, Healthcare Realty Trust sold the

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Jade Signature closing tops Miami-Dade weekly condo sales 
Business

Jade Signature closing tops Miami-Dade weekly condo sales 

November 5, 2024November 5, 2024

Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 120 condo sales totaling $92.5 million from Oct. 27th to Nov. 3rd. The

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Late developer Sergio Pino’s Miami apartment building faces M foreclosure 
Business

Late developer Sergio Pino’s Miami apartment building faces $45M foreclosure 

November 4, 2024November 4, 2024

A Miami apartment building developed by the late Sergio Pino is facing a $45.4 million foreclosure suit.  Pino, a prominent South Florida real estate figure

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Bowery Properties boss buys last piece of La Gorce Island assemblage for M
Business

Bowery Properties boss buys last piece of La Gorce Island assemblage for $22M

November 4, 2024November 4, 2024

A multifamily investor bought the last piece of the late Dr. M. Lee Pearce’s La Gorce Island assemblage for $22.1 million, two months after Ideavillage

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Automotive exec scores buyer for M waterfront Miami Beach home
Business

Automotive exec scores buyer for $18M waterfront Miami Beach home

November 4, 2024November 4, 2024

An automotive executive and his wife found a buyer for their waterfront Miami Beach home asking $18.1 million, which topped last week’s signed contracts report. 

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Lease roundup: Tricap, Foster + Partners opening Miami Design District offices; Eataly, pickleball on tap at CityPlace in West Palm
Business

Lease roundup: Tricap, Foster + Partners opening Miami Design District offices; Eataly, pickleball on tap at CityPlace in West Palm

November 4, 2024November 4, 2024

Tricap, Foster + Partners | Miami Design District  Real estate firm Tricap and architecture firm Foster + Partners will open offices at the Design 41

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Movers & Shakers: Elliman’s Exclusive Group expands to Vero Beach
Business

Movers & Shakers: Elliman’s Exclusive Group expands to Vero Beach

November 4, 2024November 4, 2024

In the latest roundup of personnel moves, firms across South Florida’s real estate industry are ramping up hiring. Douglas Elliman’s Exclusive Group, led by Gary

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The condo-hotel conundrum: new state law tweaks balance of power at mixed-use complexes
Business

The condo-hotel conundrum: new state law tweaks balance of power at mixed-use complexes

November 4, 2024November 4, 2024

Many residents bought their condos at the Carillon Miami Wellness Resort because living in a luxury hotel had an obvious allure. The branded oceanfront property

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Miami hustle: Top agents lean into challenging market
Business

Miami hustle: Top agents lean into challenging market

November 4, 2024November 4, 2024

To talk with Miami’s real estate agents is to get the sense that their market is El Dorado, and its riches are for the hustlers

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