Brickellsold 
Popstar Katy Perry is demanding that an ailing veteran whose Montecito mansion she purchased in 2020 pay her $5 million in damages, claiming that she lost millions in potential rental income while the duo were locked in a bitter yearslong legal battle over the $15 million property. In documents filed on Nov. 21, Perry, 41, … Read more
Michelle Obama has opened up about her visceral physical reaction to the demolition of the White House’s historic East Wing, which was razed to the ground to make way for President Donald Trump‘s $300 million ballroom. For years, the East Wing has housed the official office of the First Lady—and was where Michelle was based … Read more
UHealth, the health care division of the University of Miami, continues expanding its portfolio of South Florida medical office facilities after acquiring a Deerfield Beach building for $16.4 million. Coral Gables-based UHealth bought a 45,136-square-foot building at 1192 East Newport Center Drive, records show. The two-story facility is leased to the health system’s Sylvester Comprehensive … Read more
Is it a bird? Is it a plane? No, it’s your private helicopter delivering you straight to the helipad at your new $9 million Long Island paradise. At least, it can be, if you’re willing to dig deep into your pockets and fork out a small fortune for a rather vast slice of luxury, where … Read more
A Phoenix residence designed by renowned architect Ralph Haver and reimagined for the modern world by Joel Contreras has hit the market for $1.57 million—offering an array of intriguing amenities that blend traditional midcentury modern elegance with new-world luxury. Located in the neighborhood of Windemere, the property, which has shot to the top of the … Read more
After cashing out of Rockstar Energy in a multibillion-dollar sale to PepsiCo five years ago, founder Russell Weiner turned his attention from energy drinks to luxury Florida real estate. Weiner, who says he recently changed his name to Russell Savage, an homage to his father’s radio name, started with a pair of modest flips. In … Read more
The perceived probability of a Federal Reserve interest rate cut next month has jumped dramatically after top officials closely allied with Fed Chair Jerome Powell expressed support for further rate cuts. New York Fed President John Williams, a permanent voter and key voice on the rate-setting Federal Open Market Committee (FOMC), said on Nov. 21 … Read more
Mortgage applications slightly increased 0.2% for the week ending Nov. 21, according to the Mortgage Bankers Association (MBA). It’s a tick up from a week ago when new home loan demand decreased 5.2%. Meanwhile, the refinance share of mortgage activity decreased to 53.4% of total applications from 55.4% the previous week. The adjustable-rate mortgage (ARM) … Read more
Pebb Enterprises and the Toledano family’s BH Group scored an $89.9 million loan for a portion of their mixed-use redevelopment of Office Depot’s headquarters campus in Boca Raton. Boca Raton-based Pebb and Aventura-based BH Group will use the debt to refinance an existing loan, and also for the development of an Equinox facility and to … Read more
Naftali Group closed on nearly half a billion in financing for its JEM Private Residences at Miami Worldcenter. The New York-based development firm secured $235 million in C-PACE financing from Darien, Connecticut-based Nuveen Green Capital, and $230 million in traditional construction loans from BHI, the U.S. arm of Israel-based Bank Hapoalim, according to a press … Read more