The real estate industry is no stranger to dynastic rule. For as long as real estate has been a business, it’s been a family business. That tradition is alive and well with the Frisbie Group, a Palm Beach homegrown development firm where nearly every employee shares the same last name. Decades into the business, the … Read more
Palm Beach’s “trash kingpin” is looking to clean up with the sale of his waterfront megamansion—listing the dwelling for the sky-high price of $59.5 million, just weeks after he sold off another nearby property for $38 million. Waste management tycoon and prominent Trump donor Anthony Lomangino purchased the sprawling Florida abode for the relatively paltry … Read more
Steven Meiner rode into the Miami Beach mayor’s office in 2023 after beating his former city commission colleague, Michael Gongora, in a run-off. Meiner made good on one of his campaign promises to make it a little harder for developers to seek more density for their projects. Last year, the city commission unanimously approved his … Read more
13th Floor Investments and its partners scored a $139 million refinancing for a 420-unit apartment complex in Delray Beach, amid a continuing lending flurry in South Florida. Coconut Grove-based 13th Floor, Brickell-based Key International, West Palm Beach-based Wexford Real Estate Investors and Boca Raton-based CDS International completed the Savio apartment complex last year at 1874 … Read more
The widow of a former pharmaceuticals CEO found a buyer for their Palm Beach house asking $21.5 million after seven months on the market. It was one in a surge of luxury contracts signed in Palm Beach County last week. Buyers signed 19 contracts between Oct. 20 and Oct. 26 for luxury properties in Palm … Read more
Related Group and BH Group are dangling $4.8 million for park and public transit improvements in West Palm Beach to score approval for a 27-story waterfront condominium. The joint venture is seeking a height bonus of 195 feet for a 0.8-acre development site at 2001 North Flagler Drive that is currently zoned for a building … Read more
TA Realty picked up a 476-unit apartment complex in Palm Beach Gardens for $193 million, marking a continuing uptick of multifamily investment sales in South Florida. Boston-based TA Realty bought the gated garden-style community at 100 Portofino Drive from New York-based Blackstone, according to records and real estate database Vizzda. The deal breaks down to … Read more
Forest Development, Kenco Communities and a partnership led by Frontier Development & Hospitality Group will make presentations to Riviera Beach officials next month, as they compete to acquire 2.2 acres of vacant publicly owned land near the waterfront. Riviera Beach’s Community Redevelopment Agency received five proposals in response to a request for offers to buy … Read more
A North Miami Beach development site approved for a 1,217-unit mixed-use megaproject hit the market for roughly $26 million, after a previous contract fell through and led to lawsuits, The Real Deal has learned. The nearly 3-acre site on the northeast corner of Northeast 163rd Street and Harriet Tubman Highway was home to North Miami … Read more