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Category: Business

FCP buys 400-unit Sunrise apartment complex for M, amid slow investment sales so far this year
Business

FCP buys 400-unit Sunrise apartment complex for $90M, amid slow investment sales so far this year

February 28, 2025February 28, 2025

FCP bought a 400-unit apartment complex in Sunrise for $90 million.  Chevy Chase, Maryland-based FCP bought the Arium Sunrise complex at 1501 Northwest 124th Terrace

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Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses
Business

Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses

February 28, 2025February 28, 2025

The owner of a boat storage facility in Dania Beach plans to replace the property’s marina with two spec warehouses. Banyan Bay Marine Center won

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Developer buys renovated Boca Raton mansion for M, as busy season heats up
Business

Developer buys renovated Boca Raton mansion for $16M, as busy season heats up

February 28, 2025February 28, 2025

Developer Mitchell Robbins bought a renovated waterfront Boca Raton mansion for $16.2 million, as South Florida real estate’s busy season hits its stride.  Records show

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Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Business

Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group

February 28, 2025February 28, 2025

Investor Raoul Thomas is having a hard time stemming the collapse of his commercial real estate portfolio. Recently, Thomas’ CGI Merchant Group lost its Coconut

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Oceanfront Lost Tree Village house sells for record M, latest Palm Beach County pricey deal
Business

Oceanfront Lost Tree Village house sells for record $32M, latest Palm Beach County pricey deal

February 27, 2025February 27, 2025

An oceanfront house in North Palm Beach’s Lost Tree Village sold for $31.9 million, making it the most expensive home ever sold in the gated

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Alexander twins, Ohad Fisherman could be tried together in state rape case as early as May
Business

Alexander twins, Ohad Fisherman could be tried together in state rape case as early as May

February 27, 2025February 27, 2025

Oren and Alon Alexander could have a joint trial on state rape charges, alongside family friend Ohad Fisherman, as early as May.   Oren, a former

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White Oak scores M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang
Business

White Oak scores $67M construction loan for 286 apartments in Davie, amid South Florida multifamily supply overhang

February 27, 2025February 27, 2025

White Oak Development scored a $67 million construction loan for a 286-unit apartment project in Davie.  Coral Springs-based White Oak and Los Angeles-based Ares Management

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Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
Business

Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal

February 27, 2025February 27, 2025

A lender for Nightingale Properties is the new owner of a Miami Beach building that played a leading role in the downfall of Nightingale CEO

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Doug Levine cashes out of another Wynwood project, sells office condos for M
Business

Doug Levine cashes out of another Wynwood project, sells office condos for $24M

February 27, 2025February 27, 2025

Crunch Fitness founder Doug Levine is burning more weight off his commercial portfolio in Miami’s Wynwood neighborhood.  Levine, who leads Miami Beach-based Big Move Properties,

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100 Las Olas closing tops Broward weekly condo sales 
Business

100 Las Olas closing tops Broward weekly condo sales 

February 27, 2025February 27, 2025

Broward County’s condo sales and dollar volume rose last week.  Brokers closed 101 condo sales totaling $32.6 million from Feb. 16 to Feb. 23. The

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