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Category: Business

Two Roads joins Harvey Hernandez on three-tower Miami River project
Business

Two Roads joins Harvey Hernandez on three-tower Miami River project

November 13, 2024November 13, 2024

Two Roads Development is partnering with Harvey Hernandez’s firm on his planned One Brickell Riverfront project along the Miami River, The Real Deal has learned. 

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Condo buyer sues developer of Amrit project on Singer Island over association control
Business

Condo buyer sues developer of Amrit project on Singer Island over association control

November 13, 2024November 13, 2024

A buyer at Amrit Ocean Resort & Residences was promised peace and happiness when he purchased his condo at the wellness-oriented beachfront Singer Island development. 

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Developer drops M on waterfront Sunset Islands teardown
Business

Developer drops $21M on waterfront Sunset Islands teardown

November 13, 2024November 13, 2024

A developer dropped $21 million on a waterfront Sunset Islands teardown — and immediately listed it for rent for $30,000 a month. Records show Glenn

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Estate scores 0M refi for North Miami Beach apartment tower, as financing continues to flow 
Business

Estate scores $110M refi for North Miami Beach apartment tower, as financing continues to flow 

November 13, 2024November 13, 2024

Estate Companies landed a $110 million refinancing for its completed North Miami Beach apartment tower.  Los Angeles-based Ares Management provided the refinancing for the 23-story

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Abacus Capital pays M for 620-unit dev site in Palm Beach Gardens, amid record multifamily pipeline 
Business

Abacus Capital pays $33M for 620-unit dev site in Palm Beach Gardens, amid record multifamily pipeline 

November 13, 2024November 13, 2024

Abacus Capital Group paid $32.5 million for a multifamily development site within Catalfumo Companies’ mixed-use PGA Station project in Palm Beach Gardens.  New York-based Abacus

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Broward condo sales rise slightly in October to 0M 
Business

Broward condo sales rise slightly in October to $210M 

November 13, 2024November 13, 2024

Broward County’s October condo sales and dollar volume rose slightly compared to September. October condo sales totaled $210 million, surpassing September’s $209 million. Brokers closed

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Investors sue developer Icon Equity for alleged fraud
Business

Investors sue developer Icon Equity for alleged fraud

November 12, 2024November 12, 2024

Icon Equity Group allegedly duped investors into funding a quartet of uncompleted luxury home, condominium and restaurant projects in Broward and Palm Beach counties, according

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Fort Partners nabs 1M construction loan for oceanfront Surfside condos
Business

Fort Partners nabs $111M construction loan for oceanfront Surfside condos

November 12, 2024November 12, 2024

Fort Partners is forging ahead with plans for another oceanfront condo development in Surfside.  The Fort Lauderdale-based firm, led by Nadim Ashi, secured a $110.7

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Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for M
Business

Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M

November 12, 2024November 12, 2024

Most developers worry about finding buyers for their projects. Todd Glaser found Herbert Wertheim admiring his car in front of SurfSide Diner in Palm Beach. 

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 Morrison family’s firm pays M for apartment complex with workforce units near West Palm Beach
Business

 Morrison family’s firm pays $17M for apartment complex with workforce units near West Palm Beach

November 12, 2024November 12, 2024

The Morrison family’s Sympatico Real Estate scooped up an apartment complex with some workforce units near West Palm Beach for $17 million.  Sympatico bought the

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