JPMorgan added another South Florida commercial property to its real estate portfolio, spending a combined $77 million this month after acquiring a Miami Beach bank building and a Coral Springs shopping center. In the most recent deal, the New York-based bank, led by CEO Jamie Dimon, paid $23.5 million for the 25,030-square-foot building housing JPMorgan’s … Read more
Mortgage rates ticked down on Wednesday as markets awaited the release of more economic data delayed by the government shutdown, and a divided Federal Reserve appeared to be leaning toward another rate cut in December. The average rate on 30-year fixed home loans dipped to 6.23% for the week ending Nov. 26, down from 6.26% … Read more
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
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
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
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
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
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
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