MG Developer is entering the hospitality sector after paying $36 million for a hotel near Miami International Airport. Coral Gables-based MG, led by Alirio Torrealba
Category: Business
Lennar in contract to buy Barry University land, downsizes proposed project to 227 townhomes
Lennar proposes a 227-townhouse development on Barry University land in Miami Shores, marking a significant downsizing of the homebuilder’s previously planned project. Miami-based Lennar is
Rreef sells Pembroke Pines multifamily complex for $110M — a 9% discount from purchase price two years ago
Rreef Property Trust sold a 368-unit apartment complex in Pembroke Pines for $110 million, marking a 9 percent discount from its purchase price two years
Summer slump: Miami-Dade condo sales volume drops in August to $470M
Miami-Dade County’s condo sales, dollar volume, and price per square foot fell all last month amid the summer slump. August condo sales totaled $470 million,
Resi roundup: Former auctioneer Leslie Hindman sells Palm Beach home
In the latest roundup of South Florida luxury residential deals, pioneering Chicago auctioneer Leslie Hindman sold her Palm Beach house for $9.8 million. Other luxury
Elliman’s Eklund-Gomes team taking over sales of SoLé Mia condo tower
Douglas Elliman’s Eklund-Gomes team is taking over sales and marketing of One Park Tower, a luxury condo building under construction at SoLé Mia, a master-planned
Publix bags two more South Florida shopping centers for $67M
Publix filled up its real estate cart with more South Florida shopping centers, paying a combined $67 million for a pair of Palm Beach retail
Hammocks receiver scales down HOA oversight, settles suits against vendors accused of aiding alleged fraud
The Hammocks, the embattled West Kendall homeowners association where former board members allegedly ran a massive fraud, has exited receivership. But that doesn’t mean it
Jeff Greene fires back at One West Palm’s former project manager
Billionaire Jeff Greene is hitting back at the general contractor previously overseeing his One West Palm mixed-use project. Greene’s development entity 1370 South Ocean on
Financier sets record with $70M sale of Fort Lauderdale estate
Financier Donald Sussman sold his waterfront mansion in Fort Lauderdale for $70 million, setting a record for the coastal city. Sussman sold the 20,000-square-foot, 10-bedroom,