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Category: Business

Brooklyn developer launches sales for second Bay Harbor Islands condo project
Business

Brooklyn developer launches sales for second Bay Harbor Islands condo project

October 11, 2024October 11, 2024

Brooklyn-based developer Redhoek+ is launching sales for its second planned condo project in Bay Harbor Islands. The planned seven-story, 18-unit Pool Haus at 1130 100th

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Casa Murano closing tops Broward weekly condo sales 
Business

Casa Murano closing tops Broward weekly condo sales 

October 11, 2024October 11, 2024

Broward County’s condo sales and dollar volume rose last week. Brokers closed 142 condo sales totaling $55.1 million from Sept. 29th to Oct. 6th. The

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The Daily Dirt: Developers open up about failure, seeking help
Business

The Daily Dirt: Developers open up about failure, seeking help

October 11, 2024October 11, 2024

In the wake of Artem Tepler and Brandon Miller’s suicides, I pitched a story to our staff about how real estate developers deal with disaster.

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Hurricane Milton’s destruction: crane collapse, tornado damage, flooding
Business

Hurricane Milton’s destruction: crane collapse, tornado damage, flooding

October 10, 2024October 10, 2024

  In the wake of Hurricane Milton, developers and contractors in the Tampa Bay area are evaluating damage at project sites, calling insurers and preparing

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Värde seeks M foreclosure against Coral Gables office complex owner
Business

Värde seeks $77M foreclosure against Coral Gables office complex owner

October 10, 2024October 10, 2024

Värde Partners is foreclosing on the owner of a Coral Gables office complex for allegedly defaulting on a $68.9 million mortgage. Since August, the amount

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Aimco under contract to sell Hamilton multifamily tower, nearby Edgewater dev site for 4M combined
Business

Aimco under contract to sell Hamilton multifamily tower, nearby Edgewater dev site for $204M combined

October 10, 2024October 10, 2024

Aimco is selling the Hamilton apartment tower in Edgewater and a nearby development site for a combined $204 million.  The pending deals come as the

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“Broken promises:” Broker sues ex-husband over commission on M sale of Star Island estate 
Business

“Broken promises:” Broker sues ex-husband over commission on $57M sale of Star Island estate 

October 10, 2024October 10, 2024

Broker Alyssa Morgan spent a year and a half trying to sell her ex-husband’s waterfront Star Island mansion in Miami Beach, coordinating showings and negotiating

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Lennar drops M for 172 homesites at Lotis mixed-use project in Wellington
Business

Lennar drops $54M for 172 homesites at Lotis mixed-use project in Wellington

October 10, 2024October 10, 2024

Lennar paid $54 million for 172 homesites at a planned mixed-use project in Wellington, marking the homebuilder’s continued residential investment.  Miami-based Lennar bought the nearly

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Azure closing tops Palm Beach County weekly condo sales 
Business

Azure closing tops Palm Beach County weekly condo sales 

October 10, 2024October 10, 2024

Palm Beach County’s sales and dollar volume rose last week. Brokers closed 123 condo sales totaling $54.7 million from Sept. 29th to Oct. 6th. The

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Ares cements top ranking for pricey purchases in South Florida, paying 7M for Miami Lakes industrial complex
Business

Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex

October 9, 2024October 9, 2024

Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the

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