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Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere
Business

Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere

January 16, 2025January 16, 2025

Hedge fund Alden Global Capital’s real estate division allegedly tried to shortchange a former property manager and investor in his payout for South Florida hotels

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Palm Beach Biltmore closing tops Palm Beach County’s weekly condo sales 
Business

Palm Beach Biltmore closing tops Palm Beach County’s weekly condo sales 

January 15, 2025January 15, 2025

Palm Beach County’s condo sales and dollar volume rose slightly in the second week of January. Brokers closed 99 condo sales totaling $61.3 million from

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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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Steve Ross lands 0 refi for downtown West Palm convention center hotel, as billionaire continues area investment  
Business

Steve Ross lands $150 refi for downtown West Palm convention center hotel, as billionaire continues area investment  

January 8, 2025January 8, 2025

Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll.  His company, Related Ross, scored a $150

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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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Cleveland Clinic plans outpatient center at Steve Ross project in downtown West Palm
Business

Cleveland Clinic plans outpatient center at Steve Ross project in downtown West Palm

December 30, 2024December 30, 2024

Cleveland Clinic is planning an outpatient center at one of Steve Ross’ projects in downtown West Palm Beach in addition to a separate new hospital

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Steve Wynn drops M on waterfront West Palm Beach teardown
Business

Steve Wynn drops $13M on waterfront West Palm Beach teardown

December 17, 2024December 17, 2024

Billionaire casino magnate Steve Wynn bought a waterfront teardown in West Palm Beach for $12.9 million, more than a year after selling a mansion in

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Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach
Business

Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach

December 13, 2024December 13, 2024

Developer Al Adelson and the Morrison family’s Sympatico Real Estate broke ground and launched sales for their planned West Palm Beach condo project. Shovels hit

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Synagogue to sell its waterfront West Palm Beach campus to Related Ross for M
Business

Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M

December 11, 2024December 11, 2024

The members of West Palm Beach’s Temple Israel approved a $30 million deal to sell a majority of the synagogue’s waterfront campus to Related Ross,

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Related Ross lands 0M refi for CityPlace in downtown West Palm, as lending flows in South Florida
Business

Related Ross lands $200M refi for CityPlace in downtown West Palm, as lending flows in South Florida

December 11, 2024December 11, 2024

Developer Steve Ross landed a $200 million refinancing for a portion of the CityPlace mixed-use complex in downtown West Palm Beach.  The deal marks a

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