South Florida - The Real Deal

South Florida Dirt: Inside the first week of broker George Pino’s trial

Katherine Kallergis — Sun, 14 Jun 2026 17:00:00 +0000

The first week of commercial broker George Pino’s criminal trial wrapped up last week. Pino is facing manslaughter and vessel homicide charges in the 2022 boat crash that killed 17-year-old Lucia “Lucy” Fernandez and injured ten others. The crash also caused debilitating injuries to now 21-year-old Katerina “Katy” Puig. Pino, CEO of Doral-based State Street Realty, was driving his 29-foot-boat when it collided into a channel marker in the Florida Keys on Labor Day Weekend. He, his wife, daughter and her friends were on the boat. Prosecutors initially charged him with careless boating, which is a misdemeanor, but bumped the […]

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From “Pompa-no to Pompa-now”: Mapping Pompano’s latest development boom

Grace McClung — Fri, 12 Jun 2026 19:14:36 +0000

Pompano Beach has woken up to a building boom. The once-sleepy beach town is seeing a surge in new developments as an influx of luxury projects reshape the city’s landscape. Developers have made Pompano Beach the new horizon, bringing brands like the Ritz-Carlton and Waldorf Astoria to the coast, which offers prime South Florida living without Miami or Palm Beach prices. Over a dozen major developments are underway in the area, including luxury condominiums, a revived downtown and massive apartment complexes. They’re contributing to a citywide transformation that’s drawing more eyes and more money to Pompano Beach. This map shows […]

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$17M in escrow funds gone overnight: Palm Beach law firm sues bank over cyber attack

Katherine Kallergis — Fri, 12 Jun 2026 18:00:39 +0000

In the early morning of a Thursday in January, more than $17 million of funds disappeared from the escrow account of a prominent real estate law firm in Palm Beach. Now, the law firm is suing the bank for the unrecovered funds, according to a lawsuit obtained by The Real Deal. Attorneys Guy Rabideau and David Klein’s Rabideau Klein sued First Horizon Bank this week, alleging the bank violated state law governing fund transfers, breach of contract and negligence. The firm handles deals for some of Palm Beach’s wealthiest clients. A quick Google search shows articles covering real estate deals […]

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Billionaire Paul Singer’s hedge fund, LHCG buy hotel from Brookfield for $69M

Eman Elshahawy — Fri, 12 Jun 2026 17:48:59 +0000

Billionaire Paul Singer’s hedge fund has joined forces with a company led by former Starwood Capital Group executive Keith Evans to acquire the Mayfair House Hotel & Garden in Miami’s Coconut Grove neighborhood for $69.4 million from Brookfield Asset Management, records show. An entity tied to West Palm Beach-based Elliott Investment Management and London-based Lifestyle Hospitality Capital Group purchased the property at 3000 Florida Avenue, assuming Brookfield’s $41 million mortgage from Acore Capital and increasing it to $79 million. The debt amount suggests the deal’s total value may exceed the recorded sale price once personal property and other assets are […]

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Rivani sells waterfront Palm Island home to Jose Mas, partners for $25M

Katherine Kallergis — Fri, 12 Jun 2026 15:07:56 +0000

Commercial real estate investor Robert Rivani sold a waterfront Miami Beach mansion for $25 million, just $2 million more than he paid roughly six months ago. The buyer? A company led by Jose Mas of the billionaire Mas family and architect Cesar Molina, who have been working together to acquire and redevelop homes in South Florida. Property records show Rivani’s RJR LV LLC sold the 9,200-square-foot mansion at 16 Palm Avenue to CMA Homes 16 Palm Ave LLC. The buyer financed the deal with a $15 million mortgage from City National Bank of Florida. Douglas Elliman’s Dina Goldentayer represented the […]

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Todd Boehley’s Eldridge in talks to lease at OKO, Cain’s 830 Brickell

TRD Staff — Fri, 12 Jun 2026 13:30:00 +0000

Another investment behemoth is headed to the 830 Brickell office tower in Miami. Todd Boehley’s Eldridge Industries is in negotiations to lease about 8,000 square feet at the building, potentially moving from its Miami office nearby, Bloomberg reported, citing an anonymous source familiar with the matter. The Real Deal independently confirmed Eldridge is in talks for 830 Brickell space. Vlad Doronin’s OKO Group and Cain, which is backed by Eldridge, completed development of the 57-story 830 Brickell, at 830 Brickell Plaza in Miami, in 2024. Cain’s CEO is Jonathan Goldstein, who –– like Boehly –– is a Guggenheim Partners alumnus. […]

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South Florida’s top deals: Rubells sell more property to Neology for $10M

Mary Diduch, Veronica Udell — Fri, 12 Jun 2026 12:00:00 +0000

🏆 Residential: Bal Harbour had the priciest home deal to hit records, with the sale of a vacant residential lot at 174 Camden Drive for just under $17 million. The parcel spans about 13,600 square feet and was last sold in 2023 for $6.8 million. In the most recent transaction, the seller was 174 Camden LLC, and the buyer was an LLC managed by Gad Bitton, a Canadian auto executive. 🏆 Commercial: The top recorded commercial deal was in Miami, where an industrial property at 1090 Northwest 23rd Street sold for $10.1 million. The building spans about 47,000 square feet, […]

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“Biased and misleading”: Florida officials sued over property tax ballot language

Katherine Kallergis — Thu, 11 Jun 2026 23:00:00 +0000

A lawsuit challenging the proposed property tax exemption ballot language in Florida was filed against Florida Secretary of State Cord Byrd and Attorney General James Uthmeier. The complaint, filed by the nonprofit Save Our Voters from Misleading Ballot Language and former South Florida mayors Thomas F. Campenni (former mayor of Stuart) and Michael W. Davey (former Key Biscayne mayor), alleges that the current language, which Floridians will vote on in November, is “unconstitutionally biased, misleading and improper.” Earlier this month, the Florida Legislature voted to send the proposed constitutional amendment to voters. The amendment, called “Save Our Homes from Excessive […]

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Soffer to the rescue? JDS working on securing partner, $1B loan for Mercedes-Benz Miami project

Katherine Kallergis — Thu, 11 Jun 2026 22:30:00 +0000

Michael Stern’s JDS Development Group is nearing a deal to bring on Jeff Soffer’s Fontainebleau Development as a partner and secure an over $1 billion loan for the Mercedes-Benz Miami condo project, The Real Deal has learned. The deal, which has not yet closed, will replenish the project’s capital stack and would resolve litigation with the existing lender, allowing the nearly 800-unit branded condo project to resume. Byron Trott and Gregg Lemkau’s firm, BD&T & MSD, is one of the lenders, according to sources. The $1.06 billion financing package includes a C-PACE (Commercial Property Assessed Clean Energy) component, which encourages […]

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RCI Marine, Suntex’s $80M marina redev plans head to Miami voters

Eman Elshahawy — Thu, 11 Jun 2026 21:30:00 +0000

The redevelopment fate of the marinas on Virginia Key will be in the hands of voters in November after a lively, more than 30-minute discussion among Miami commissioners over a referendum. Miami commissioners unanimously approved two measures tied to an $80 million proposal by Virginia Key LLC, a joint venture between Miami Beach-based RCI Marine Group and Dallas-based Suntex Marinas, to redevelop the Rickenbacker Marina and Marine Stadium Marina. The approvals follow a 2023 ruling by Miami-Dade Circuit Court Judge Alan Fine, who ordered the city to advance Virginia Key LLC’s proposal to a voter referendum after finding the city […]

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