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Category: Business

Multiplan launches sales for oceanfront Surfside condos 
Business

Multiplan launches sales for oceanfront Surfside condos 

August 15, 2024August 15, 2024

Multiplan Real Estate Asset Management is launching sales of a planned boutique oceanfront condo building in Surfside, seven months after buying the site. The 12-story

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Construction mogul’s widow sells waterfront Key Biscayne home for M
Business

Construction mogul’s widow sells waterfront Key Biscayne home for $20M

August 15, 2024August 15, 2024

The widow of a construction mogul sold her waterfront Key Biscayne home for $19.5 million, marking the latest pricey sale on the island enclave this

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Miami-Dade’s aviation department moving to new digs after M purchase of office building near MIA
Business

Miami-Dade’s aviation department moving to new digs after $26M purchase of office building near MIA

August 15, 2024August 15, 2024

Miami-Dade County paid $26.3 million for an office building for its aviation department.  The county bought the six-story, 112,500-square-foot building at 7200 Northwest 19th Street

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Loews getting 5M refi for oceanfront Miami Beach resort
Business

Loews getting $305M refi for oceanfront Miami Beach resort

August 14, 2024August 14, 2024

Loews Corporation is getting a $305 million refinancing of the loan backing its oceanfront Miami Beach resort.  The financing is for the 5-acre, 790-key hotel

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Palm Beach considers closing Mar-a-Lago in response to road closure
Business

Palm Beach considers closing Mar-a-Lago in response to road closure

August 14, 2024August 14, 2024

With the high season just around the corner, Palm Beach is considering closing Donald Trump’s Mar-a-Lago Club to members, guests and events. The town is

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13th Floor lands M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction
Business

13th Floor lands $83M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction

August 14, 2024August 14, 2024

13th Floor Investments landed an $83 million construction loan for a planned 398-unit apartment complex in Hallandale Beach.    The deal comes as South Florida is

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Sergio Pino’s widow, brother at odds over Century Homebuilders
Business

Sergio Pino’s widow, brother at odds over Century Homebuilders

August 14, 2024August 14, 2024

Sergio Pino’s widow and his brother sat on opposite sides of a downtown Miami courtroom as their attorneys argued over who should oversee the late

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Naftali scores M loan for planned Miami Worldcenter high-rise
Business

Naftali scores $35M loan for planned Miami Worldcenter high-rise

August 14, 2024August 14, 2024

Naftali Group secured a $35 million pre-development loan for its mixed-use condo and rental tower at Miami Worldcenter.  The New York-based developer obtained the financing

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Billionaire Bill Malhotra plans 220-room hotel in Pompano Beach
Business

Billionaire Bill Malhotra plans 220-room hotel in Pompano Beach

August 14, 2024August 14, 2024

Claridge Homes, a Canadian real estate development company led by billionaire Bill Malhotra, plans to build a 15-story, 220-room Courtyard by Marriott hotel near the

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Bessemer Trust sells Palm Beach building for M, opting for newer digs 
Business

Bessemer Trust sells Palm Beach building for $19M, opting for newer digs 

August 13, 2024August 13, 2024

Bessemer Trust sold a Palm Beach office building for $18.7 million to a mystery buyer.  New York-based Bessemer, a private wealth management firm, sold the

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