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Swire nixes plan for office supertall in Brickell, citing “challenging” market and slow preleasing
Business

Swire nixes plan for office supertall in Brickell, citing “challenging” market and slow preleasing

January 27, 2025January 27, 2025

Swire nixed its plan for an office supertall in Brickell, amid questions over the long-term viability of South Florida’s office market.  The real estate arm

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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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Ken Griffin taps Related Cos. to co-develop Citadel’s new B-plus Miami HQ
Business

Ken Griffin taps Related Cos. to co-develop Citadel’s new $1B-plus Miami HQ

January 24, 2025January 24, 2025

Ken Griffin is bringing in the heavy guns, partnering with Related Companies to build Citadel’s new $1 billion-plus Miami headquarters on the bay. Spokespersons for

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South Florida office vacancies and asking rents hold steady in fourth quarter, despite some foreclosures and discounted deals
Business

South Florida office vacancies and asking rents hold steady in fourth quarter, despite some foreclosures and discounted deals

January 22, 2025January 22, 2025

Outside Miami’s Brickell neighborhood and downtown West Palm Beach, office landlords in South Florida faced troubling trends in the fourth quarter of last year. Older

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Lease roundup: Pura Vida Miami opens new outposts, Big 4 ad agency moves to Coral Gables
Business

Lease roundup: Pura Vida Miami opens new outposts, Big 4 ad agency moves to Coral Gables

January 20, 2025January 20, 2025

Pura Vida Miami | Miami Beach, Fort Lauderdale  Pura Vida Miami, the café known for its health-conscious menu that includes smoothies and açaí bowls, opened

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Office bargain: Foundry sells Sunrise building for M –– 36% discount from purchase price seven years ago
Business

Office bargain: Foundry sells Sunrise building for $37M –– 36% discount from purchase price seven years ago

January 14, 2025January 14, 2025

Foundry Commercial sold an office building in Sunrise for $20.9 million less than it had paid seven years ago, as suburban properties continued to trade

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Lease roundup: Attorney referral provider moving HQ to Coral Gables, La Mar by Gastón Acurio finds new Brickell home
Business

Lease roundup: Attorney referral provider moving HQ to Coral Gables, La Mar by Gastón Acurio finds new Brickell home

January 13, 2025January 13, 2025

The No-Fault Group | Coral Gables  An attorney referral service firm will move its headquarters to Coral Gables.  The No-Fault Group, which connects people with

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Map: A look at CGI Merchant’s unraveling real estate investments amid mounting debt woes
Business

Map: A look at CGI Merchant’s unraveling real estate investments amid mounting debt woes

January 10, 2025January 10, 2025

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl. Not pictured: Waldorf Astoria Washington DC, On Aug. 5, BDT & MSD

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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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Inside Steve Ross’ all-in wager on West Palm Beach
Business

Inside Steve Ross’ all-in wager on West Palm Beach

January 2, 2025January 2, 2025

During the pandemic, Steve Ross took refuge in his historic Palm Beach estate, known as the Reef. But the now 84-year-old wasn’t just weathering the

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