Robert A.M. Stern died last week at the age of 86, leaving behind the legacy of a 60-year career designing schools, libraries, museums, and, most notably, condos. The founder of Robert A.M. Stern Architects (RAMSA) built a career out of making new things that feel old. He is best known for his prewar inspired works … Read more
Prologis lightened its South Florida industrial portfolio after selling three Broward County warehouses for $53.1 million. An affiliate of Arnet Pharmaceuticals, led by CEO Jose Tabacinic, acquired the industrial complex at 2501 to 2555 Davie Road in Davie from San Francisco-based Prologis, led by CEO Hamid Moghadam, records show. The buyer partially financed the purchase … Read more
The last couple of years have been rough on developer Brian Tuttle. In December 2023, faced with a maturity date on three loans totaling $38.4 million secured by a Royal Palm Beach development site, Tuttle was on the hunt for new lenders to refinance the debt, and new equity partners that could provide capital to … Read more
Florida Gov. Ron DeSantis is pushing to eliminate property taxes on homeowners in the state, but a new analysis suggests the move would come at a heavy price for renters and first-time homebuyers. DeSantis has argued that taxes on homeowners are oppressive and fuel wasteful spending by bloated local governments. “Property taxes effectively require homeowners … 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
“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Last month, it was a house strapped to a skyward rocket, (with a poor real estate agent hanging on for dear life). This month, the house is blasting into the skies all on its own. … Read more
Billionaire WeatherTech founder David F. MacNeil has put his newly built Fort Lauderdale mansion on the market for $35.99 million—just months after his headline-grabbing purchase of an enormous Manalapan property that was on the market for $95 million. According to records, MacNeil, 66, managed to snag quite the discount on his Manalapan home, with the … Read more
As the weather cools heading into late fall, so does the U.S. housing market, with Florida leading the nation in metros experiencing the steepest home price declines. A recent report from real estate analytics firm Cotality revealed that of the 10 coolest markets in the U.S. among the 100 largest metros, seven were in Florida. … Read more
An exclusive community in southern Florida is proving itself to be a rising power player in the luxury housing market, going toe-to-toe against the likes of Palm Beach and Miami in a David vs. Goliath-style battle of wealth and privilege. For years, Florida’s most moneyed residents have flocked to Miami and its surrounding areas, seeking … Read more
South Florida’s residential market continued its explosive resurgence in October, reversing a monthslong slowdown. Dollar volume in Miami-Dade, Broward and Palm Beach counties rose 14 percent to $4.8 billion, compared to $4.2 billion last October, according to Multiple Listing Service data collected by the Miami Association of Realtors. Still, the tri-county region’s condo market has … Read more