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Category: Business

Location Ventures’ court-appointed receiver sells incomplete Coconut Grove spec home for M
Business

Location Ventures’ court-appointed receiver sells incomplete Coconut Grove spec home for $18M

August 13, 2024August 13, 2024

The court-appointed receiver managing defunct Location Ventures’ assets sold an unfinished Coconut Grove spec mansion for $17.5 million after fighting off a lender’s attempt to

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Developer lands M construction loan for Hallandale Beach condo tower, as South Florida financing defies nationwide slump 
Business

Developer lands $85M construction loan for Hallandale Beach condo tower, as South Florida financing defies nationwide slump 

August 13, 2024August 13, 2024

Developer Giuseppe Iadisernia scored an $85 million construction loan for a 250-unit Hallandale Beach condo tower.  The deal comes as South Florida construction lending continues

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“A lot of square footage”: Six office buildings are on tap in Miami Beach. Will all get leased?
Business

“A lot of square footage”: Six office buildings are on tap in Miami Beach. Will all get leased?

August 13, 2024August 13, 2024

As South Florida became a magnet for out-of-state companies in the past four years, Miami Beach emerged as a budding office market.  The city landed

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Turnberry Ocean Club closing tops Miami-Dade weekly condo sales 
Business

Turnberry Ocean Club closing tops Miami-Dade weekly condo sales 

August 13, 2024August 13, 2024

Miami-Dade County’s condo sales and dollar volume tumbled last week, but the average sale price and price per square foot rose. Brokers closed 92 condo

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South Florida submarkets see rent declines, amid hefty new apartment supply
Business

South Florida submarkets see rent declines, amid hefty new apartment supply

August 12, 2024August 12, 2024

Across South Florida, some municipalities are experiencing a drop in apartment rents, marking a sharp turnaround from the tri-county region’s record rate hikes of recent

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Trump National Doral seeks approval for 1,500 condos
Business

Trump National Doral seeks approval for 1,500 condos

August 12, 2024August 12, 2024

The Trump Organization is reviving plans to expand Trump National Doral Miami, with up to 1,500 luxury condos and commercial space.  An affiliate of Donald

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“Full House” creator finds buyer for waterfront Venetian Islands lot 
Business

“Full House” creator finds buyer for waterfront Venetian Islands lot 

August 12, 2024August 12, 2024

Only three luxury properties in Miami-Dade County went under contract last week, marking the slowest week so far this summer, according to last week’s signed

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Lease roundup: Downtown Miami’s Citigroup Center, Hollo family’s 1101 Brickell land tenants
Business

Lease roundup: Downtown Miami’s Citigroup Center, Hollo family’s 1101 Brickell land tenants

August 12, 2024August 12, 2024

Fowler White Burnett, Pescanova, Scotiabank, more | downtown Miami  Law firm Fowler White Burnett will move its office to downtown Miami from the city’s Brickell

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Ken Griffin tops big donors list for Miami-Dade Mayor Daniella Levine Cava
Business

Ken Griffin tops big donors list for Miami-Dade Mayor Daniella Levine Cava

August 12, 2024August 12, 2024

An all-star roster of South Florida real estate heavyweights want Miami-Dade Mayor Daniella Levine Cava to serve another four years, an analysis by The Real

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The Weekly Dirt: Is Miami’s condo-hotel boom a bust for buyers in the long run?
Business

The Weekly Dirt: Is Miami’s condo-hotel boom a bust for buyers in the long run?

August 11, 2024August 11, 2024

Developers have fully embraced short-term rental-friendly condos, thanks to strong demand from buyers.  The huge pipeline of these projects, most of which are rebranded condo-hotels,

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