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Category: Business

Galbut family pays off 3M construction loan for downtown Miami tower, amid unit closings
Business

Galbut family pays off $213M construction loan for downtown Miami tower, amid unit closings

August 20, 2024August 20, 2024

An affiliate of Galbut Family Office paid off the $213.4 million construction for the Gale Hotel & Residences project in downtown Miami.  Bank OZK provided

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Vanderbilt wants to build a 0M West Palm Beach campus
Business

Vanderbilt wants to build a $520M West Palm Beach campus

August 20, 2024August 20, 2024

Vanderbilt University pitched county leaders on a $520 million campus in downtown West Palm Beach. The Nashville-based “Southern Ivy” officially presented its vision for a

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Palm Beach, Secret Service reach agreement on Mar-a-Lago road closure 
Business

Palm Beach, Secret Service reach agreement on Mar-a-Lago road closure 

August 20, 2024August 20, 2024

One month after the U.S. Secret Service instituted a round-the-clock closure of South Ocean Boulevard in Palm Beach, the agency and the town have reached

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Miami International Mall’s market value plummets to 9M
Business

Miami International Mall’s market value plummets to $159M

August 20, 2024August 20, 2024

Simon Property Group’s Miami International Mall is in precipitous condition.  The struggling indoor retail center ‘s current market value nosedived to $159 million, compared to

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Grove at Grand Bay closing tops Miami-Dade weekly condo sales 
Business

Grove at Grand Bay closing tops Miami-Dade weekly condo sales 

August 20, 2024August 20, 2024

Miami-Dade County’s sales volume rose last week, while dollar volume and price per square foot fell. Brokers closed 110 condo sales totaling $76.4 million from

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Lynd considers M capital call to investors for Miami Gardens rental complex
Business

Lynd considers $9M capital call to investors for Miami Gardens rental complex

August 19, 2024August 19, 2024

Multifamily investor Lynd is considering asking its investors in a Miami Gardens apartment complex to pony up additional capital, as skyrocketing insurance premiums and other

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Lender wins final foreclosure judgment for Caroline Weiss’ Blue Lagoon dev site
Business

Lender wins final foreclosure judgment for Caroline Weiss’ Blue Lagoon dev site

August 19, 2024August 19, 2024

Caroline Weiss is on track to lose a waterfront Blue Lagoon development site at the center of a bitter legal fight with her eldest daughter.

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Ben-Josef family proposes 561-unit rental project near North Miami, amid record South Florida multifamily construction pipeline 
Business

Ben-Josef family proposes 561-unit rental project near North Miami, amid record South Florida multifamily construction pipeline 

August 19, 2024August 19, 2024

The Ben-Josef family, owners of the Sagamore Hotel South Beach, propose a 561-unit apartment building near North Miami.  Their plan comes as South Florida is

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Luxe resi contracts reach 4M last week in Miami-Dade, led by Surfside deal 
Business

Luxe resi contracts reach $164M last week in Miami-Dade, led by Surfside deal 

August 19, 2024August 19, 2024

Buyers signed contracts for 18 luxury properties last week in Miami-Dade County, a sign that the slow summer season may be coming to a close. 

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Lease roundup: Latin Securities opens in downtown Miami, Spanish restaurant picks A&E District for first US outpost
Business

Lease roundup: Latin Securities opens in downtown Miami, Spanish restaurant picks A&E District for first US outpost

August 19, 2024August 19, 2024

Latin Securities | downtown Miami  Financial services firm Latin Securities opened an office in downtown Miami.  Buenos Aires, Argentina-based Latin Securities, which offers wealth management,

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