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South Florida pushed to make tech a core part of its economy. This didn't yield new office tenants
Business

South Florida pushed to make tech a core part of its economy. This didn't yield new office tenants

March 3, 2025March 3, 2025

In 2022, Dara Ladjevardian co-founded artificial intelligence digital clone firm Delphi in Miami, joining a wave of tech entrepreneurs moving to the city.  “Miami was

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Verizon leases at Waterford Business District after selling its HQ near Doral
Business

Verizon leases at Waterford Business District after selling its HQ near Doral

February 25, 2025February 25, 2025

Verizon will move its offices to the Waterford Business District near Miami International Airport, after selling its headquarters near Doral.  The telecommunications firm leased 51,500

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Bradford Allen pays 8M for Las Olas Centre I & II offices in downtown Fort Lauderdale 
Business

Bradford Allen pays $208M for Las Olas Centre I & II offices in downtown Fort Lauderdale 

February 13, 2025February 13, 2025

Bradford Allen Investment Advisors bought a two-building office complex in downtown Fort Lauderdale for $208 million, marking the biggest office sale this year.  Chicago-based Bradford

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The Weekly Dirt: Commercial distress, sluggishness on the horizon for South Florida
Business

The Weekly Dirt: Commercial distress, sluggishness on the horizon for South Florida

January 26, 2025January 27, 2025

We’re almost at the end of the first month of 2025, but it still feels in many ways like 2024.  We took a temperature check

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Valoro Capital buys Miami Beach office building for M, a slight discount from its price a decade ago
Business

Valoro Capital buys Miami Beach office building for $23M, a slight discount from its price a decade ago

January 7, 2025January 7, 2025

Valoro Capital bought an office building in Miami Beach for $22.7 million, marking a slight discount off its purchase price a decade ago.  The deal

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These were 2024’s biggest news stories in South Florida real estate 
Business

These were 2024’s biggest news stories in South Florida real estate 

December 31, 2024December 31, 2024

This year saw record prices for waterfront homes and new projects launched by developers, buoyed by enduring demand.  On the flip side, South Florida’s office

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Landau, Taubco land M construction loan for Bay Harbor office project, as South Florida financing keeps flowing
Business

Landau, Taubco land $74M construction loan for Bay Harbor office project, as South Florida financing keeps flowing

December 20, 2024December 20, 2024

Landau Properties and Taubco scored a $74 million construction loan for an office project in Bay Harbor Islands.  The deal comes as financing continues to

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Larsen MacColl scoops up Boca Corporate Center for M, as suburban offices keep trading
Business

Larsen MacColl scoops up Boca Corporate Center for $20M, as suburban offices keep trading

December 18, 2024December 18, 2024

Larsen MacColl Partners bought the Boca Corporate Center for $20 million, marking continued appetite for South Florida suburban office buildings.  The investment firm scooped up

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Owens Realty, Galium sell Palm Beach Gardens Seacoast building for M
Business

Owens Realty, Galium sell Palm Beach Gardens Seacoast building for $30M

December 13, 2024December 13, 2024

Owens Realty Capital and Galium Capital sold the Seacoast Banking Centre building in Palm Beach Gardens for $30.3 million.  The deal comes at a time

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CGI Merchant hit with M UCC foreclosure on Coral Gables office building, its fourth distressed asset 
Business

CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset 

December 5, 2024December 5, 2024

Raoul Thomas is having a rough year.  After losing two of his marquee hotels to lenders and facing an auction of a Miami Beach hotel,

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