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Category: Business

Cost of Climate Change: Natural Disasters Cause B in Damage
Business

Cost of Climate Change: Natural Disasters Cause $57B in Damage

February 17, 2022February 17, 2022

(CoreLogic, iStock, Illustration by Kevin Cifuentes for The Real Deal) Fire, water and freezing temperatures last year posed increasingly dangerous — and expensive — concerns

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Potamkin Bros Buy Miami Beach Commercial Properties For M
Business

Potamkin Bros Buy Miami Beach Commercial Properties For $10M

February 16, 2022February 16, 2022

Alan and Robert Potamkin and the property at 1695 Alton Road in Miami Beach (The Potamkin Prize, BHS) Auto dealership magnates Alan Potamkin and Robert

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Utah Real Estate Honcho Buys Jupiter Island Home for M
Business

Utah Real Estate Honcho Buys Jupiter Island Home for $14M

February 16, 2022February 16, 2022

488 South Beach Road (Photos via Kevin Dickenson) A Utah real estate and investment mogul paid $14.1 million for a waterfront Jupiter Island teardown. Property

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Miami Investment Honcho Pays M for Coconut Grove House
Business

Miami Investment Honcho Pays $5M for Coconut Grove House

February 16, 2022February 16, 2022

Azora Capital’ Ravi Chopra with 3600 Matheson Avenue (The Keyes Company, LinkedIn) Azora Capital investment firm founder Ravi Chopra paid $5.1 million for a waterfront

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U.S. CMBS Market Surged to 14-Year High in 2021
Business

U.S. CMBS Market Surged to 14-Year High in 2021

February 16, 2022February 16, 2022

(iStock/Illustration by Kevin Rebong for The Real Deal) The market for commercial mortgage backed securities is back and bigger than ever. Private-label CMBS issuance surged

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IG Logistics Buys Pompano Beach Outdoor Storage Facilities
Business

IG Logistics Buys Pompano Beach Outdoor Storage Facilities

February 16, 2022February 16, 2022

Imperial Capital IG Logistics’ Daniel Glaser and Sam Schneider (Imperial Capital, Google Maps. iStock) In a pair of off-market deals totaling $12 million, IG Logistics

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Blackstone Buying Multifamily REIT in .8B Deal
Business

Blackstone Buying Multifamily REIT in $5.8B Deal

February 16, 2022February 16, 2022

From left: Jacob Werner, senior managing director, Blackstone; Joel Murphy, chief executive officer, Preferred Apartment Communities (Preferred Apartment Communities, Blackstone, iStock/Illustration by Steven Dilakian for

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Miami Most Expensive US Housing Market
Business

Miami Most Expensive US Housing Market

February 16, 2022February 16, 2022

(iStock/Illustration by Shea Monahan for The Real Deal) Miami is the most expensive housing market in the country, surpassing New York, according to a RealtyHop

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Michelle Bernstein Reopening Sra. Martinez in Coral Gables
Business

Michelle Bernstein Reopening Sra. Martinez in Coral Gables

February 16, 2022February 16, 2022

Michelle Bernstein with 2325 Galiano Street in Coral Gables (Getty, Google Maps) Celebrity chef Michelle Bernstein plans to re-open her Sra. Martinez restaurant, this time

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Commercial Real Estate Investment Shot Up 86% in 2021
Business

Commercial Real Estate Investment Shot Up 86% in 2021

February 15, 2022February 15, 2022

(iStock) Commercial real estate investors spent $53 billion on properties in Los Angeles, $49 billion in New York and $41 billion in Dallas last year,

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