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Category: Business

Peebles, Sternlicht Lincoln Office Projects Get Tentative OK
Business

Peebles, Sternlicht Lincoln Office Projects Get Tentative OK

June 22, 2022June 22, 2022

Starwood’s Barry Sternlicht and Don Peebles III with rendering of proposed office project (Getty, Starwood, Integra, Comras JV) Controversial proposals to build offices in Miami

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Steve Ross’ Plan to Redevelop Deauville Miami Beach Advances
Business

Steve Ross’ Plan to Redevelop Deauville Miami Beach Advances

June 22, 2022June 22, 2022

Steven Ross with the Deauville resort (Getty, Google Maps) Billionaire developer Steve Ross is one step closer to achieving his goal of buying and redeveloping

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Miami Leads Nation in Rent Hikes
Business

Miami Leads Nation in Rent Hikes

June 22, 2022June 22, 2022

(iStock/Illustration by The Real Deal) If rising rents were a race, Miami would be crushing the competition. Miami rents climbed 45.8 percent in May compared

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Keyes Co. Buys Skye Louis Realty in Coconut Creek, Delray
Business

Keyes Co. Buys Skye Louis Realty in Coconut Creek, Delray

June 22, 2022June 22, 2022

Skye Louis’ Jud Henry with Keyes’ Steven Reibel and Mike Pappas (LinkedIn, The Keyes Company, iStock) One of South Florida’s largest independent brokerages acquired Skye

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Larry Ellison Buyer of 3M South Florida Compound
Business

Larry Ellison Buyer of $173M South Florida Compound

June 22, 2022June 22, 2022

Larry Ellison and Jim Clark and 2000 South Ocean Boulevard (Getty, Sotheby’s) Larry Ellison, the billionaire co-founder of Oracle, paid $173 million for a Manalapan

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Investor drops M for North Lauderdale shopping center – The Real Deal South Florida
Business

Investor drops $31M for North Lauderdale shopping center – The Real Deal South Florida

June 22, 2022June 22, 2022

Arena Shoppes at 7296 West McNab Road, North Lauderdale (CBRE, iStock) A North Miami Beach investor beefed up his South Florida retail portfolio with a

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Jade Signature Closing Leads Miami-Dade Weekly Condo Sales
Business

Jade Signature Closing Leads Miami-Dade Weekly Condo Sales

June 22, 2022June 22, 2022

A photo illustration of Jade Signature (Compass Real Estate, iStock) Miami-Dade County condo sales last week remained essentially flat, in line with closings from the

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Lennar’s Strong Earnings Tempered by Housing Slowdown
Business

Lennar’s Strong Earnings Tempered by Housing Slowdown

June 21, 2022June 21, 2022

Lennar exec chairman Stuart Miller (Real-Estate-Impact.Miami.edu, iStock) Lennar’s second-quarter earnings surpassed expectations, though the company tempered the good news with a warning about what lies

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South Florida Home Sales Fall in May 2022
Business

South Florida Home Sales Fall in May 2022

June 21, 2022June 21, 2022

(iStock) South Florida isn’t immune to rising interest rates and growing inventory. Residential sales fell across South Florida in May for the second consecutive month,

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Shvo’s Norman Foster Office Project in Miami Beach Scores OK
Business

Shvo’s Norman Foster Office Project in Miami Beach Scores OK

June 21, 2022June 21, 2022

Michael Shvo and Norman Foster and renderings of The Alton (Getty, Wikipedia, Foster + Partners) Developer Michael Shvo’s plans for a Norman Foster-designed Class A

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