MG Developer is entering the hospitality sector after paying $36 million for a hotel near Miami International Airport. Coral Gables-based MG, led by Alirio Torrealba
Tag: Commercial
Rreef sells Pembroke Pines multifamily complex for $110M — a 9% discount from purchase price two years ago
Rreef Property Trust sold a 368-unit apartment complex in Pembroke Pines for $110 million, marking a 9 percent discount from its purchase price two years
Publix’s $83M double play: Grocer adds two Broward shopping centers to South Florida portfolio
Publix continues expanding its South Florida portfolio, picking up a pair of Davie shopping centers for a combined $83 million. The Lakeland-based grocery chain paid
Invesca lands $55M loan for rental-to-condo conversion in Pompano Beach, aiming to match demand
Invesca Development Group landed a $55.2 million loan for an apartment-to-condo conversion of a 214-unit complex in Pompano Beach. The plan to switch the Envy
Saddled with debt woes, Raoul Thomas’ hotel investments are unraveling. But he’s not giving up.
As Raoul Thomas clung to hope that he would recapitalize his $285 million loan on the Waldorf Astoria Washington DC in time to avoid losing
Citrix sells its Fort Lauderdale HQ for $37M, leases back office space
Cloud computing and software company Citrix sold its headquarters in Fort Lauderdale for $37 million, leasing back its office space. Citrix sold the nine-story building
Lease roundup: FIFA opens permanent office in Coral Gables ahead of 2026 World Cup
FIFA | Coral Gables FIFA expanded its South Florida office ahead of the 2026 World Cup, with plans to keep the space permanently as a
Pembroke Pines condo complex deemed structurally unsafe to hit the market
A Pembroke Pines condo complex that was evacuated following monthslong structural safety concerns and allegations of prior board members’ mismanagement will hit the market. Heron
Panattoni picks up former Miami Herald headquarters in Doral
Panattoni Development jumped into the Doral office submarket, picking up a two-story building that previously housed the headquarters for Miami Herald and El Nuevo Herald.
Grant Cardone is on a Broward multifamily buying binge, paying more than $200M for two projects
Grant Cardone can’t get enough of Broward County. In recent months, funds affiliated with his Aventura-based Cardone Capital acquired two apartment complexes in Fort Lauderdale