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Category: Business

Stabilized purchase: BentallGreenOak pays M for Medley warehouse with locked-in tenant
Business

Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant

November 12, 2024November 12, 2024

BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based

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Grovenor House closing tops Miami-Dade weekly condo sales 
Business

Grovenor House closing tops Miami-Dade weekly condo sales 

November 12, 2024November 12, 2024

Miami-Dade County’s condo sales and total dollar volume fell last week. Brokers closed 83 condo sales totaling $61 million from Nov. 3rd to Nov. 10th.

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“Flight to Florida” will continue despite high costs, limited inventory: takeaways from The Real Deal Miami forum
Business

“Flight to Florida” will continue despite high costs, limited inventory: takeaways from The Real Deal Miami forum

November 11, 2024November 11, 2024

Property Markets Group’s Kevin Maloney (Photos by Alive Coverage) The pandemic’s effects on South Florida’s real estate industry are well documented. Prices for homes and

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Grand Peaks buys rental complex near Boca Raton for M –– a slight discount from its last sale price 
Business

Grand Peaks buys rental complex near Boca Raton for $91M –– a slight discount from its last sale price 

November 11, 2024November 11, 2024

Grand Peaks bought a 448-unit apartment complex near Boca Raton for $90.9 million, marking a slight discount from its last sale price five years ago. 

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Wife of Planet Hollywood co-founder finds buyer for waterfront Miami Beach home
Business

Wife of Planet Hollywood co-founder finds buyer for waterfront Miami Beach home

November 11, 2024November 11, 2024

Ann Barish, a socialite who is married to Planet Hollywood co-founder and film producer Keith Barish, secured a buyer for her waterfront Miami Beach home. 

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Lease roundup: Steve Ross lands GoldenTree, Amerant Bank at his downtown West Palm towers
Business

Lease roundup: Steve Ross lands GoldenTree, Amerant Bank at his downtown West Palm towers

November 11, 2024November 11, 2024

GoldenTree Asset Management, Vista Investments of Florida, more | downtown West Palm Beach  Steve Ross scored new tenants and lease renewals at his downtown West Palm

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Todd Glaser is spending more time renovating mansions than building new ones
Business

Todd Glaser is spending more time renovating mansions than building new ones

November 11, 2024November 11, 2024

Skyrocketing land prices and construction costs for spec mansions has forced Todd Michael Glaser to focus more on renovations than building millionaire and billionaire bunkers

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Palm Beach County condo sales jump in October to 9M 
Business

Palm Beach County condo sales jump in October to $239M 

November 11, 2024November 11, 2024

Palm Beach County’s condo sales and dollar volume rose last month, beating September’s totals. October condo sales totaled $239 million, rising from $221 million in

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The Weekly Dirt: Despite slowdown, South Florida is still the “it” real estate market
Business

The Weekly Dirt: Despite slowdown, South Florida is still the “it” real estate market

November 10, 2024November 10, 2024

South Florida is still the place to be, despite some distress, a slowdown in deal volume, the high cost of development and more.  That’s the

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Ex-Hammocks HOA controller charged in alleged massive fraud scheme 
Business

Ex-Hammocks HOA controller charged in alleged massive fraud scheme 

November 8, 2024November 8, 2024

A former controller for the Hammocks was charged in connection with the homeowners association’s alleged massive fraud scheme, marking the latest fallout in the case. 

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