Terra proposes 724-unit Live Local Act project on portion of South Dade Government Center 

Terra proposes a 724-unit Live Local Act project on land at South Dade Government Center that it leased from the county through a no-bid deal.  The Coconut Grove-based firm wants to build a two-phase project on a 12-acre site at 10710, 10750 and 10800 Southwest 211th Street in Cutler Bay, according

Coastal sells waterfront Fisher Island home lot for $43M

Coastal Homes, the luxury custom home builder arm of Coastal Construction, sold a waterfront site on Fisher Island for $42.5 million.  Property records show Coastal Homes of South Florida sold the 1.1-acre property at 6901 Valencia Drive to Villa One Fisher, a Wyoming LLC. The true buyer is hidden. 

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Boeing agreed to plead guilty to fraud charges tied to its troubled 737 Max crashes last year.

Codina lands $39M loan to build 25K sf of retail at Downtown Doral

After nabbing a $38.8 million construction loan, Codina Partners is gearing up to build the last retail piece at Downtown Doral. Miami-based Ocean Bank provided the financing to an affiliate of Coral Gables-based Codina that is developing 25,000 square feet of retail and 932 parking spaces on Northw

From Google to Expedia, AI travel agents planning future trip far beyond 'assistant' status

AI agents, from Google to OpenAI to Expedia, are set to upend travel planning at a level that hasn't occurred since the rose of mobile internet.

Riviera Beach extends deadline for bids to buy public land near waterfront

Developers interested in buying Rivieria Beach public land near the waterfront will have another month to make an offer. Riviera Beach council members, sitting as the board of directors of the city’s Community Redevelopment Agency, extended the deadline for offers to acquire and redevelop 2.2 acres

Florida lawmakers amend condo-hotel law — again

Florida lawmakers amended a state law that governs the delicate balance of power between unit owners and investors at condo-hotel complexes.  The change, made during the ongoing legislative session, marks the second consecutive year that legislators try to tackle the controversy that’s shrouding man

Applied Underwriters co-founder sells oceanfront Highland Beach mansion for $27M

Sidney Ferenc, the co-founder of Applied Underwriters, sold his oceanfront Highland Beach mansion for $27.1 million. Records show Ferenc sold the home at 2363 South Ocean Boulevard to the 23 Ocean Family Trust, with attorney M. Rahat Faderani signing on behalf of the buyer. The true buyer is unknown

Late financier’s Palm Beach house sells for $18M, down from $24M asking price

The family of the late financier George Summers sold his Palm Beach house for $17.5 million, after it hit the market asking $24 million in August. Records show Summers’ widow and children sold the house at 215 El Bravo Way to a trust named for the address and managed by local attorney Maura Ziska. T

“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach

An unforeseen construction defect will significantly delay the planned Bulgari hotel project in Miami Beach. On Tuesday, the Miami Beach Historic Preservation Board approved modifications to the planned redevelopment of the Seagull Hotel at 100 21st Street that entails tearing down most of the histo

Developer proposes 192-unit apartment project with workforce rentals in Naranja

A developer proposes a 192-unit apartment project with workforce rentals in Naranja.  Entities tied to Coinco Investment filed an application to develop three four-story buildings on the southeast corner of U.S. 1 and Southwest 232nd Street in unincorporated Miami-Dade County, according to a filing

Yacht-zee! Miki Naftali’s boat broker awarded $800K in commission dispute

A jury awarded more than $800,000 to yacht broker Scott Goldsworthy in a commission dispute involving developer Miki Naftali.  Goldsworthy sued Naftali and Italian megayacht builder Baglietto in 2019, seeking a $725,000 commission on the sale of a custom luxury yacht. A jury in Broward County awarde

Broward weekly condo sales volume sinks to $38M

Broward County’s condo sales and dollar volume dropped last week, with the average sale price falling as well. Brokers closed 115 condo sales totaling $37.5 million from May 4 to May 11. The previous week, brokers closed 188 condo sales totaling $73.7 million.  Last week’s units sold for an average

The world's best airport is building a mega terminal to ride the travel boom in Asia

Changi's Terminal 5 is just the latest instance of countries around Asia splurging on their airports so as to capture the fast growing travel market in Asia.

He lives in Thailand but 'supercommutes' to Singapore—living off what he makes from 3 hours a week

It took a layoff to make Shao Chun Chen realize he was financially independent in early 2024, giving him the flexibility to change his life.

That’s a wrap: Frozen burrito inventor drops $49M on oceanfront Palm Beach mansion

That’s a wrap: After three months on the market, an oceanfront Palm Beach estate sold for $48.5 million to the inventor of the frozen burrito. Records show Duane and Kelly Roberts bought the mansion at 1519 North Ocean Way from Edward Mulé. Dana Koch and Allison Wren with the Corcoran Group had the

Oceanfront Lost Tree Village estate in North Palm Beach sells for record $55M

Canadian baby products mogul Maurice Pinsonnault sold an oceanfront estate in North Palm Beach’s gated Lost Tree Village for $55 million, marking the most expensive home ever sold in the enclave.  Records show Pinsonnault sold the mansion at 12032 East End to Fontaine Road LLC, a Delaware entity. Th

Edens pays $51M for Davie shopping center with a big box vacancy

Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean, paid $51.2 million for Weston Road Shopping Center at 4410-4484 Weston Road, records and real estate database Vizzda show. This month, the shopping ce

D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade

D.R. Horton proposes a 247-unit residential development in south Miami-Dade County.  The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an applicati

Live Local developers eye outcome of civil lawsuits and latest bill

Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law.  The amendments, unanimously approved by the House and Senate, which now await Gov. Ron De