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Category: Business

“Market is resetting”: South Florida’s office values decline after reaching record levels
Business

“Market is resetting”: South Florida’s office values decline after reaching record levels

June 10, 2025June 10, 2025

South Florida’s office values are recalibrating.  From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record

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Simon expands at Dadeland Mall, pays M for JCPenney ground lease
Business

Simon expands at Dadeland Mall, pays $16M for JCPenney ground lease

June 10, 2025June 10, 2025

Simon Property Group is JCPenney’s new landlord at Dadeland Mall in Kendall, acquiring the ground lease for the big box store for $15.6 million. An

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Steve Mnuchin’s stepsister sells waterfront Palm Beach house for M 
Business

Steve Mnuchin’s stepsister sells waterfront Palm Beach house for $24M 

June 10, 2025June 10, 2025

Lisa Hedley, the stepsister of former Treasury Secretary Steve Mnuchin, sold a waterfront Palm Beach house for $23.8 million. Records show Hedley and her husband,

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Douglas Elliman exec Susan de França buys Boca Raton condo
Business

Douglas Elliman exec Susan de França buys Boca Raton condo

June 10, 2025June 10, 2025

Douglas Elliman executive Susan de França liked an Elliman development so much, she bought a unit there.  Property records show de França, president and CEO

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M Fisher Island closing tops Miami-Dade weekly condo sales 
Business

$12M Fisher Island closing tops Miami-Dade weekly condo sales 

June 10, 2025June 10, 2025

Miami-Dade County’s condo sales and dollar volume dipped in the first week of June.  Brokers closed 123 condo sales totaling $115.1 million from May 30

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Mexican REIT bosses drop M on another Acqualina condo
Business

Mexican REIT bosses drop $18M on another Acqualina condo

June 9, 2025June 9, 2025

The heads of Mexico’s largest real estate investment trust, Fibra Uno, dropped $17.9 million on another condo at Sunny Isles Beach’s Estates at Acqualina. Records

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New York Life buys medical offices in Pembroke Pines for M 
Business

New York Life buys medical offices in Pembroke Pines for $38M 

June 9, 2025June 9, 2025

New York Life Real Estate Investors bought a medical office complex in Pembroke Pines for $38.3 million.  The real estate arm of insurance giant New

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0M Indian Creek sale next to Bezos’ property leads pending contracts 
Business

$110M Indian Creek sale next to Bezos’ property leads pending contracts 

June 9, 2025June 9, 2025

Amazon billionaire Jeff Bezos could soon have a new neighbor in Indian Creek.  The lot next door to Bezos’ property, asking $130 million, is in

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Trilogy completes Edgewater assemblage with M purchase of Crescent Heights’ HQ
Business

Trilogy completes Edgewater assemblage with $42M purchase of Crescent Heights’ HQ

June 9, 2025June 9, 2025

Crescent Heights sold its headquarters in Miami’s Edgewater to Trilogy Real Estate Group for $41.9 million, The Real Deal has learned.  Chicago-based Trilogy, led by

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Lease roundup: West Elm opening in Wynwood, Sushi Sake in Weston
Business

Lease roundup: West Elm opening in Wynwood, Sushi Sake in Weston

June 9, 2025June 9, 2025

West Elm | Wynwood | Miami  West Elm will open at the Dorsey mixed-use building in Miami’s Wynwood.  The furnishings brand leased more than 12,000

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