Brickellsold 
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
A California judge says she is closing to forcing the sale of Nicki Minaj‘s $20 million mansion—after the rapper allegedly refused to pay damages that were awarded to a former security guard who claims he was assaulted by her husband, Kenneth Petty. In a hearing on Nov. 24, Los Angeles Superior Court Judge Cindy Pánuco … Read more
Miami Dade College’s board of trustees is hitting the reset button on a land giveaway for Donald Trump’s planned $950 million presidential library and high-rise complex next to downtown Miami’s Freedom Tower, bowing to a legal challenge that accused the school’s leaders of skirting Florida’s open-government rules. The board will hold a newly noticed public … Read more
Palm Beach County luxury contracts maintained their post-Mamdani momentum last week, with deal and dollar volume showing explosive growth. Buyers signed 30 contracts between Nov. 17 and Nov. 23 for luxury properties in Palm Beach County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $271.1 million … Read more
Meghan Markle‘s latest attempt to spread some holiday cheer ended in yet another online controversy after she came under fire for encouraging budding hosts to rely on ready-made pancakes and quiche when whipping up a festive breakfast—despite selling her own pancake mix. In a video posted to the Instagram account for her lifestyle brand, As … Read more
Commercial real estate investor Robert Rivani paid $23 million for a waterfront Miami Beach mansion, The Real Deal has learned. Rivani, who leads his Miami-based firm Rivani, formerly called Black Lion, plans to spend millions of dollars to renovate the 9,200-square-foot mansion at 16 Palm Avenue, according to sources. Rivani lives in Miami’s Morningside and … Read more