What happened, and who moved.

An assisted-living facility near Delray Beach traded for $140 million, marking one of the top trades for senior centers in South Florida in recent years. Chevy Chase, Maryland-based Artemis Real Estate Partners bought the 207-unit The Arbor at Delray complex at 6595 Morikami Park Road in unincorporated Palm Beach…

West Palm Beach commissioners are set to consider Related Ross’ Hilton Curio hotel at CityPlace that would replace an overflow surface parking lot that has served the Palm Beach County Convention Center and Hilton Hotel for the past decade. City commissioners are scheduled to vote on the final hearing of the…

The developer and dozens of contractors behind an exclusive residential enclave in Central Florida settled shoddy construction claims for $26.5 million. It’s not the largest construction-defect settlement in Florida, but at $2.7 million per unit across the 10 townhomes at Park Hill in Winter Park, it may be among…

Residential: The most expensive residential sale recorded was $22.8 million for a 5,500-square-foot home at 508 West Dilido Drive in Miami Beach, built in 2018. The 508 W Dilido Drive Land Trust sold the property to 508 Di Lido Land Trust after purchasing it for $18.5 million in February of this year. Reid Heidenry…

South Florida’s deep roots in aviation sprouted two high-profile real estate deals this week. An affiliate of Boston-based Hill City Capital placed the winning bid of $93.3 million for the vacant Spirit Airlines headquarters in Boca Raton, the Miami Herald reported. That’s less than half of its 2024 construction…

Brickell homeowners’ fight against 13th Floor Investments’ planned branded condo tower behind a historic church has been resurrected. A court overturned the city of Miami’s previous decision to quash the landmark status for a portion of the First Miami Presbyterian Church lot where 13th Floor Investments wants to…

🏆 New Building: The largest permit issued was an $85.6 million new construction permit for Mohawk at Wynwood, a 300-unit apartment project at 50 Northeast 29th Street in Miami. The permit covers 488,880 square feet for Miami-based Rilea Group’s development. In January, the developer secured a $149.2 million…

Citadel’s Ken Griffin is cashing out of a 52-year-old Palm Beach office property, selling the Worth Avenue building to Blackstone’s Revantage for $86 million. The billionaire hedge fund titan agreed to sell the 50,000-square-foot Class A office building at 125 Worth Avenue to the Chicago-based real estate…

Atlantic Pacific Companies is bringing hundreds of affordable housing units to publicly owned sites in Miami-Dade County across two land-lease deals. The Boca Raton-based firm plans 364 income-restricted apartments on part of a school property that it is leasing from Miami-Dade County Public Schools. And it’s…

Harvey Hernandez’s Newgard Group scooped up a 2.6-acre site in West Palm Beach that could soon showcase luxury cars. The Miami-based developer’s commercial division plans to build a luxury car and lifestyle concept at 2500 North Florida Mango Road that would include 20 automotive studios, which will be sold to…

GL Homes won site-plan approval for an eight-story multifamily development near the Sawgrass Mills shopping mall in Sunrise, where it is planning a massive mixed-use development of highrises. The Sunrise City Commission voted Tuesday night to approve the 294-unit project’s site plan. It spans 5.5 acres within a…

One co-owner of multifamily investment platform ESG Kullen is suing the other for alleged fraud, forgery, concealed financing deals and unauthorized equity transfers. Kullen King Properties and its managing member, Thomas DelPonti, filed a complaint last month in New York County Supreme Court against Eric…

🏆 Residential: The top recorded home sale was in Key Biscayne. Gusisa Limited, whose president is Concha Dominguez, sold the waterfront residence at 591 North Mashta Drive for $14 million to a company managed by Alvaro Castro Mendivil. The home measures 4,300 square feet, pricing the sale at $3,300 per square…

Commercial real estate investment in South Florida has soared since last year. But don’t get excited yet. Most property types are feeling the weight of elevated inflation and interest rates. “When you have those two things going on, the institutional markets are like, ‘We don’t have certainty. Pencils down,’” said…

A developer scored an $84.5 million construction loan for the first portion of its planned roughly 1,000-unit development along Bird Road in west Miami-Dade County. Miami-based Coastland Residential plans the eight-story Vybe 75 with 366 units at 4383 Southwest 75th Avenue, according to the developer’s news…

🏆 Residential: The top recorded home sale was in Surfside, where a condo at the Four Seasons Residences at the Surf Club at 9001 Collins Avenue traded for $19 million. A trust tied to Richard Gold sold unit 307 in the south tower to an LLC managed by William Papariella, a private aviation executive, and Michael…

Broward County is planning a massive mixed-use development for the area surrounding the Florida Panthers’ Sunrise home base. County officials submitted an application for the project, which would bring multifamily units, commercial space, hotel rooms and green space to the 154-acre site surrounding the Amerant Bank…

New-to-market investment bank Solomon Partners and analytics firm MSCI landed at one of Steve Ross’ downtown West Palm Beach office properties. The deals come as Ross, the octogenarian billionaire who is downtown West Palm’s biggest office landlord, is re-making the area, including into a hub for financial service…

Two hyperscale data center proposals in Florida made waves in county commission meetings and state politics, sending local governments into a moratorium frenzy and residents into skirmishes over the future of their communities. The developers behind those projects are equally splashy. A commercial rock-mining…

A cluster of single-family homes on 1-acre lots and vacant parcels near Baptist Hospital of Miami are slated for redevelopment with more than 200 apartments, proposals that riled up hundreds of neighbors in a pocket of Kendall. Four planned projects range from three to five stories, in a less than two-block area…

🏆 Residential: Hillsboro Beach had the priciest recorded home sale in the region. Car dealership executive Mike Manley sold the 9,000-square-foot home at 955 Hillsboro Mile, which is on the Atlantic Ocean and Intracoastal Waterway, for $14.5 million. The buyers were developers Ulises and Milexys Fernandez and U.R.…

Fannie Mae and Freddie Mac are now requiring lenders to pay even closer attention to a condo building’s finances. This shouldn’t really be a shock for anyone who’s been paying attention to the condo market, especially in Florida. Effective last Monday, Fannie Mae retired its limited review process, and Freddie Mac…

A land bank for D.R. Horton, the nation’s largest homebuilder, bought 232 homesites in Florida City for $28.5 million. Miami-based Trans Florida Development, through an affiliate, bought the 40-acre vacant parcel on the southwest corner of Redland Road and Southwest 336th Street from an entity tied to Carrollton,…

Developer Jeffrey Soffer put “unrelenting pressure” on the city of Aventura for the approval of a pair of condo towers in an exclusive waterfront enclave, a new lawsuit says. The condominium associations for the North and South towers on Turnberry Isle sued the city and YCM Acquisition, an entity managed by Soffer,…

A Delray Beach-based private equity real estate firm and its partners acquired a 53-building industrial portfolio valued at $628 million that spans seven states. Redfearn Capital, TPG Redfearn, Atlanta Property Group and Matterhorn Venture Partners purchased 5.4 million square feet of distribution, logistics and…

A three-tower Live Local Act project is proposed to take the place of a former Winn-Dixie in Fort Lauderdale. An entity linked to property owner John Thompson Loos III and Amy Loos Mergler filed an application for a residential project with 306 workforce housing units on a 3.1-acre site at 1625 and 1645 Cordova…

🏆 Residential: The top recorded home sale was in Miami, where a condo at 7811 Fisher Island Drive changed hands for $15 million. The seller was a company led by Olga Postolnikov, and the buyer was software executive Mark Sutcliffe. The 3,600-square-foot pad spans three bedrooms, three and a half bathrooms and…

🏆 New Building: The largest permit issued was a $97 million phased new construction permit for The Shore Club Private Collection condos at 1901 Collins Avenue in Miami Beach. The permit covers 481,200 square feet, and the project is being developed by Witkoff and Monroe Capital. The developers secured $430 million…

Opa-locka, a city that’s remained largely overlooked by developers, is getting closer to a half-billion-dollar redevelopment with 1,500 apartments, retail and a hotel in downtown. The city’s community redevelopment agency approved negotiations with a group of developers for a ground lease for nearly 1.5 city-owned…

A Moe’s Southwest Grill franchisee that operates over 50 locations has filed for bankruptcy and seeks to quickly end the leases at 16 locations, creating potential vacancies for shopping center landlords across Florida, Georgia and Virginia. Palm Beach-based Quality Fresca I petitioned for Chapter 11…

Cardone Capital dropped $89.8 million on a rental community in Naples, according to a deed recorded Wednesday. The Aventura-based firm, headed by crowdfunding multifamily syndicator and online influencer Grant Cardone, acquired Orchid Run, a 282-unit complex at 10991 Lost Lake Drive, from an affiliate of The Inland…

First Eagle Management and PPG Development secured rezoning and site plan approval for a 166-acre redevelopment of The Club at Emerald Hills golf course in Hollywood. The project, which has been several years in the making, drew mixed reactions from residents, with some supporting the aging club’s revitalization…

🏆 Residential: Miami had the most expensive residential sale to hit records. A trust scooped up the home at 4040 Kiaora Street for $22.5 million from an affiliate of luxury homebuilder Pascal Nicolai. Built last year, the home measures 8,500 square feet and has six bedrooms, seven and a half bathrooms and a guest…

Clara Homes landed a $101.5 million refinancing for the first two phases of a luxury multifamily development in Bay Harbour Islands. Hudson Bay Capital provided the loan for the project at 10281 West Bay Harbor Drive and 1147-1155 100th Street, which is a part of the three-phase Clara Bay Harbour apartment…

A Brightline-affiliated entity that owns the retail space at MiamiCentral station was hit with a $65 million foreclosure lawsuit, as the separately owned passenger rail operator grapples with its own debt and profitability troubles. U.S. Bank represented two lender groups in suing Brightline Investment Holdings,…

Miami Dolphins owner and Related Ross CEO Steve Ross is passing the reins of his sports and entertainment portfolio to the next generation. The 86-year-old billionaire and real estate titan tapped his son-in-law Daniel Sillman to lead the new parent company Ross Sports & Entertainment, which oversees the Dolphins,…

Harbor Group International beefed up its South Florida portfolio with a $109 million purchase of an over 500-unit apartment complex near Zoo Miami. The deal, which marked a $2 million gain from the property’s 2021 price, comes amid a cooling multifamily investment market in the region amid higher costs, elevated…

Prosper Group and European firm Versluys Group bought a condo development site on the Miami River in Brickell for $50 million. They put the 1-acre lot under contract last year from Harvey Hernandez’s Newgard Development Group and Two Roads Development. The property was part of the sellers’ One Brickell Riverfront…

Property Markets Group sued the condo association at the Elser Hotel & Residences, marking the latest dispute between them over control of the downtown Miami condo-hotel. Last week, an affiliate of Miami-based PMG sued 398 NE 5th Street Condominium Association, the property management firm RealManage and Steve…

Robert Rivani’s namesake firm added another Miami Beach property to its portfolio, acquiring an office and retail building at the gateway to the South of Fifth neighborhood. Rivani purchased the eight-story building at 404 Washington Avenue, which spans 61,000 square feet and includes a four-level parking garage,…

Ian Bruce Eichner’s Continuum Company sued Suffolk Construction, claiming sloppy management, runaway costs and shoddy work at the luxury La Baia South, filing the complaint less than a month after the contractor alleged it hasn’t been paid millions of dollars for the project. The dueling allegations mark an all-out…

🏆 Residential: Pinecrest logged the top recorded home sale in the region. Mauro Ivan Korlaet Araya, a financier, and Daniela Fernandez Nazer, a lifestyle and fashion influencer, purchased the vacant plot of land at 9601 Southwest 67th Avenue for $14.5 million. The seller was a company tied to Santiago Capurro,…

Related Ross is moving forward with plans to bring a second hotel to the Palm Beach County Convention Center. The development firm, led by billionaire Steve Ross, is seeking a sale-leaseback deal with Palm Beach County, which would allow for the development of a 400-room Hilton Curio on the 1.8-acre site at 900…

Walmart is setting up shop in Palm Beach County’s Westlake community, answering retail and grocery demand in one of the state’s fastest-growing areas. Coconut Creek-based developer Minto Communities USA sold a 24-acre parcel to the retail giant for a 189,000-square-foot Walmart Supercenter, according to a company…

The Toledano family’s BH Group and the Pérez family’s Related Group are cleared to close on the Transit Village site, after an arbitrator broke a yearslong deadlock between the developers and Palm Beach County. Aventura-based BH Group and Coconut Grove-based Related plan the 1.3 million-square-foot development with…

Phillip Procacci sold a development site near the Galleria Mall that he long planned to develop, most recently proposing a 259-unit multifamily project. Boca Raton-based Procacci Development, through an affiliate, sold the 2.4-acre vacant lot in Fort Lauderdale to an entity tied to Dallas-based multifamily company…

In the thick of more than 15 lawsuits involving him and his companies, including a foreclosure over his most high-profile condo project at the moment, developer Michael Stern says that he’s pretty “unflappable.” Two years ago, the developer of Brooklyn Tower, the tallest building in the borough, gave up the…

🏆 Residential: The most expensive home sale to hit records in South Florida was in Boca Raton. A trust purchased the newly built home at 1642 Sabal Palm Drive for $21.5 million from John and Mary Hargrove, who purchased it for $6 million last year. The home, in the Royal Palm Yacht and Country Club, measures 9,400…

Downtown Miami’s largest landowner Moishe Mana just made his portfolio even bigger, adding $33 million worth of properties within 10 days. Mana’s firm, Mana Common, paid $20.3 million for the 35,550-square-foot Historic U.S. Post Office Building at 100 Northeast First Avenue and the adjacent 15,000-square-foot…

Hollywood is poised to relax some of its development rules to allow oceanfront towers in the area where BH Group and Related group have a historic hotel under contract. The city is considering an overhaul that could bring up to 340-foot projects under restrictive regulations near the historic Hollywood Beach…

🏆 Residential: Fort Lauderdale had the priciest home sale recorded in South Florida. A company managed by Michael D. Snyder, founder and CEO of MDS Energy Development, parted with the home at 340 San Marco Drive for $9.5 million. The buyer was a company tied to Margaret Yu and Thomas Lee. The property last sold…

Kimco Realty went on a $109 million grocery-anchored shopping spree in Broward County, picking up a pair of retail centers from KPR Centers. The Jericho, New York-based real estate giant dropped $56 million for Sunshine Plaza in Tamarac and $53 million for Pompano Marketplace in Pompano Beach, records show. The…

The rapper whose hit single “Hustlin’” debuted two decades ago is bringing his hustle to real estate development. Rick Ross joined the development team of EnSima, an eight-story 670-unit residential project in Miami Gardens, Bisnow reported. The Grammy-nominated artist is partnering with EnSima Miami I, led by…
A Port Richey-based real estate investment trust and its founders are under fire for allegedly swindling $5 million from a $152 million real estate fund and spending it on expenses like jets, jewelry, gun ranges and adult nightclubs. The SEC filed charges on July 29 in the U.S. District Court for the Middle…

🏆 Alteration: The largest permit issued was for a $45 million interior alteration permit at 8900 North Kendall Drive in Kendall, where Baptist Health South Florida is undertaking the expansion of its main campus, Baptist Hospital Miami, spanning 111,500 square feet. Job Filing Number: 2026060461 📊 Alteration: The…

The lender that foreclosed on the Hillsboro Beach Resort has taken control of the property, winning it at auction with a $40,100 credit bid. Emerald Creek Capital acquired the oceanfront resort at 1159 Hillsboro Mile in a July 16 foreclosure sale, months after suing the ownership entities controlled by BH3…
Developer Raimundo Onetto has been weaning leasing incentives for new tenants at his 296-unit Crest apartment building. “We saw a shift in the market since the end of last year,” said Onetto, who leads Coconut Grove-based Alta Developers. The building is 95 percent leased, he said. “We have been trying to recapture…

Pinnacle secured $41 million in financing for an affordable seniors housing project in Naranja, as the firm seizes on south Miami-Dade County’s growth. Miami-based Pinnacle plans the 110-unit apartment project reserved for tenants who are 62 and older and earn 30 percent to 60 percent of the area median income,…

Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26th Street, which…

A waterfront residential parcel in Golden Beach sold for $24 million, representing one of the few remaining available oceanfront properties of its size in the ultra-luxury enclave. An entity led by Amicus Medical Group president David Rodriguez, bought the 0.6-acre lot at 625 Ocean Boulevard and financed the deal…