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Category: Business

13th Floor, Barings nab 5M construction loan for Miami apartment project
Business

13th Floor, Barings nab $125M construction loan for Miami apartment project

May 27, 2025May 27, 2025

13th Floor Investments and Barings secured $125 million in financing for a Miami multifamily project that’s under construction. A syndicate of Santander Bank and TD

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Movers & Shakers: Cushman retail veterans jump to Newmark
Business

Movers & Shakers: Cushman retail veterans jump to Newmark

May 27, 2025May 27, 2025

In the latest roundup of South Florida real estate hiring news, Newmark bulked up its retail leasing leadership.  In Miami, two retail leasing veterans jumped

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M Perigon Miami Beach condo tops signed contracts in Miami-Dade
Business

$18M Perigon Miami Beach condo tops signed contracts in Miami-Dade

May 27, 2025May 27, 2025

A condo asking $18.4 million at Mast Capital’s Perigon Residences in Miami Beach led last week’s signed contracts report.   Buyers signed 14 contracts for luxury

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Simi Capital pumps up South Florida industrial portfolio with M acquisition
Business

Simi Capital pumps up South Florida industrial portfolio with $31M acquisition

May 27, 2025May 27, 2025

Simi Capital added a fifth property to its South Florida industrial portfolio, paying $31 million for a Medley warehouse.  Based in New York and Bay

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Lease roundup: Lululemon and Shake Shack coming to Dania Pointe, Ocean Bank moves a Miami-Dade branch
Business

Lease roundup: Lululemon and Shake Shack coming to Dania Pointe, Ocean Bank moves a Miami-Dade branch

May 27, 2025May 27, 2025

Shake Shack, Face Foundriė, more | Dania Beach  Kimco Realty landed four new retailers at its Dania Pointe mixed-use development in Dania Beach.  Shake Shack

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Beacon Hill plans 112-unit Live Local Act project in Princeton 
Business

Beacon Hill plans 112-unit Live Local Act project in Princeton 

May 27, 2025May 27, 2025

Beacon Hill Property Group will start construction of a 112-unit Live Local Act complex in Princeton, marking one of the first Miami-Dade County projects under

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The Weekly Dirt: Why Miami condo developers are again courting crypto buyers
Business

The Weekly Dirt: Why Miami condo developers are again courting crypto buyers

May 25, 2025May 25, 2025

Miami developers are dipping their toes back into the crypto buyer pool, nearly three years after the collapse of the cryptocurrency exchange FTX.  Bitcoin buyers

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Related nabs 1M construction loan for Pininfarina condo project in Fort Lauderdale
Business

Related nabs $231M construction loan for Pininfarina condo project in Fort Lauderdale

May 23, 2025May 23, 2025

Related Group secured a $230.8 million construction loan for Andare Residences, a Pininfarina-designed luxury condo project in Fort Lauderdale.  Coconut Grove-based Related, led by Jorge

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Prime delivery: EQT pays M for two Broward industrial facilities 
Business

Prime delivery: EQT pays $55M for two Broward industrial facilities 

May 23, 2025May 23, 2025

EQT Real Estate picked up a pair of Broward industrial sites, including an Amazon distribution center, for a combined $55.3 million. In Deerfield Beach, Radnor,

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South Florida residential sales plunge in April, as inventory surges 
Business

South Florida residential sales plunge in April, as inventory surges 

May 23, 2025May 23, 2025

Residential sales and dollar volume dropped across South Florida last month, as the slowdown continues in the tri-country region.  Combined dollar volume in Miami-Dade, Broward

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