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A joint venture between Forest Development and Dan Kodsi’s Royal Palm Companies scored a $269 million construction loan for a waterfront condo project in Palm Beach County’s Lake Park. Boca Raton-based Forest Development recently partnered with Miami-based Royal Palm on the two 24-story tower Nautilus 220 development along the Intracoastal Waterway at 220 Lake Shore […]

CP Group and DRA Advisors teamed up to buy Miami Tower, a landmark downtown office skyscraper known for its color-changing LED exterior, for $60 million less than its owner paid six years ago in a bet that the recent rush of major employers to South Florida will continue. A source close to the deal said […]

Uncertainty in the wake of left-wing Colombian presidential candidate Gustavo Petro’s victory in a June runoff election has Miami preparing for a wave of buyers from Latin America. Brokerages say they’ve been sending agents to Colombia to market both new developments and existing properties in South Florida, hoping to capitalize on demand from wealthy residents […]

Oak Row Equities, the developer and private equity firm that until recently was known as Carpe Real Estate Partners, is planning a roughly 40-story apartment and office tower in Miami’s booming Edgewater neighborhood. The newly renamed firm, led by founders Erik Rutter and David Weitz, purchased the 2-acre site between Northeast Second Avenue and Biscayne […]

Kaufman Lynn Construction sold its Palm Beach County headquarters for $10.3 million, but is staying put. An entity managed by Kaufman President and CEO Michael Kaufman sold the 22,000-square-foot, single-tenant office building at 3185 South Congress Avenue in Delray Beach, records show. The buyer, J.J.D. Associates of Palm Beach, an entity tied to Westmount Management’s […]

The tragedy rattled a Fla. insurance industry that was already struggling. One Palm Beach condo complex expected a 25% increase – but coverage rose by 82%.

Older adults often want to stay in their home, and new tech tools – smart beds, fall detectors, security cameras, etc. – make it easier to do that.

A committee looked at the impact on first-time buyers and minorities – and the real estate industry – if a high percentage of traditional family homes become rentals.

The three big credit reporting agencies now don’t include medical debt in reports for banks, landlords, etc.; and they won’t report small medical debts at all in 2023.

Some advocates worry that investors in subsidized government housing will drop the affordable-housing subsidies in order to raise rents and pursue higher profits.