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Category: Business

Insurer lands approval for 287 rentals in Boca Raton, after year of record multifamily construction
Business

Insurer lands approval for 287 rentals in Boca Raton, after year of record multifamily construction

January 10, 2025January 10, 2025

A developer landed preliminary approval for a 287-unit apartment project at the Park at Broken Sound in Boca Raton, following a year of record apartment

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Developers add 17 condos to planned hotel on Las Olas in Fort Lauderdale
Business

Developers add 17 condos to planned hotel on Las Olas in Fort Lauderdale

January 10, 2025January 10, 2025

What began as a mid-size hotel development on East Las Olas Boulevard in Fort Lauderdale has morphed into plans for the Whitfield, a boutique hotel

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Resi roundup: Todd Glaser buys next project site
Business

Resi roundup: Todd Glaser buys next project site

January 10, 2025January 10, 2025

In the latest roundup of South Florida luxury residential deals, investors and developers bought and sold homes across the region. Deals stretched from Miami Beach

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Atlanta Braves Chairman Terry McGuirk buys Palm Beach PH
Business

Atlanta Braves Chairman Terry McGuirk buys Palm Beach PH

January 9, 2025January 9, 2025

Terry McGuirk, chairman of the Atlanta Braves, bought a penthouse in Palm Beach for $5.9 million. Records show McGuirk and his wife, Nancy McGuirk, bought

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More trouble: Another lender accuses Shoma’s Masoud Shojaee of not repaying loan
Business

More trouble: Another lender accuses Shoma’s Masoud Shojaee of not repaying loan

January 9, 2025January 9, 2025

For the second time in a one-month span, Shoma Group CEO Masoud Shojaee is being sued for allegedly welching on a mortgage debt.  City National

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13th Floor nabs board approval for 340 rentals at Boca Raton Tri-Rail station, amid South Florida multifamily construction frenzy
Business

13th Floor nabs board approval for 340 rentals at Boca Raton Tri-Rail station, amid South Florida multifamily construction frenzy

January 9, 2025January 9, 2025

13th Floor Investments landed board approval for a 340-unit apartment project at the Boca Raton Tri-Rail station.  13th Floor, led by managing principal Arnaud Karsenti,

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Douglas Elliman sues Eichner’s firm over Continuum North Bay Village condo project
Business

Douglas Elliman sues Eichner’s firm over Continuum North Bay Village condo project

January 9, 2025January 9, 2025

Douglas Elliman is suing an affiliate of developer Ian Bruce Eichner’s firm for hiring two former Elliman agents to stay on the sales team for

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Florida mortgage lender settles redlining claims for .8M  
Business

Florida mortgage lender settles redlining claims for $1.8M  

January 9, 2025January 9, 2025

The Mortgage Firm agreed to pay $1.75 million to settle a lawsuit alleging that the company engaged in lending discrimination and redlining in mostly Black

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Ritz-Carlton Fort Lauderdale closing tops Broward weekly condo sales
Business

Ritz-Carlton Fort Lauderdale closing tops Broward weekly condo sales

January 9, 2025January 9, 2025

Here’s a breakdown of the top 10 sales from Dec. 30 to Jan. 6:   Most Expensive Ritz-Carlton, Fort Lauderdale, 1 North Fort Lauderdale Beach

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Location Ventures’ Miami Beach dev site sold for M — but investors are frozen out
Business

Location Ventures’ Miami Beach dev site sold for $18M — but investors are frozen out

January 8, 2025January 8, 2025

Another piece of Rishi Kapoor’s former real estate empire sold for $17.5 million, but the deal froze out more than 30 co-living condo buyers. Bernice

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