South Florida - The Real Deal

Bugatti to brand Brickell condo tower along the Miami River

Katherine Kallergis — Tue, 15 Sep 2026 20:35:00 +0000

French hypercarmaker Bugatti is entering the branded residences race in Miami, The Real Deal has learned. Bugatti will brand Prosper Group and Versluys Group’s planned tower at 75 Southwest Miami Avenue Road, according to sources. The developers paid $50 million for the 1-acre property in August, a year and a half after putting the site under contract. The property was part of Harvey Hernandez’s Newgard Development Group and Two Roads Development’s One Brickell Riverfront assemblage. Prosper and Versluys’ 60-story tower will mark the first in the U.S. for Bugatti, which has a branded tower in the works in Dubai under […]

This article originally appeared on The Real Deal. Click here to read the full story.

Resi Roundup: Private equity exec sells Palm Beach lot for $20M

Alissa Gary — Tue, 15 Sep 2026 20:00:00 +0000

Private equity executive E. Burke Ross Jr. sold his non-waterfront Palm Beach lot for $19.9 million, more than four times what he paid in 2014. That’s one of the major residential sales and listings in Palm Beach County recently. DRI Fund’s Steven Kirsch is asking for $74.9 million on his oceanfront Palm Beach mansion. And a Gulf Stream beachfront estate is asking for $79 million in its first potential sale in three decades. Ross, president of Palm Beach-based ADEC Private Equity, sold the 0.45-acre empty lot at 214 Wells Road in the Adams Addition neighborhood. The buyer’s identity was obscured […]

This article originally appeared on The Real Deal. Click here to read the full story.

Alex Sapir, estranged wife under contract to sell waterfront Miami Beach house ahead of divorce trial

Katherine Kallergis — Tue, 15 Sep 2026 19:10:38 +0000

Developer Alex Sapir and his estranged wife are under contract to sell their waterfront Miami Beach home, just a month before their contentious divorce heads to trial. The Venetian Islands estate, at 126 West San Marino Drive, is asking nearly $36 million. The sale was marked pending on Sept. 11, a day after a hearing occurred in the case, though the contract was signed Aug. 22, according to court filings. The closing is expected to occur on or before Sept. 19. Yanina Sapir, who filed for divorce in 2022, filed an emergency motion earlier this month to have the judge […]

This article originally appeared on The Real Deal. Click here to read the full story.

Memorial Healthcare drops $69M, becomes its own office landlord in Hollywood

Grace McClung — Tue, 15 Sep 2026 18:35:26 +0000

Memorial Healthcare System snagged an office complex in Hollywood for $69 million, adding to the healthcare giant’s Broward County presence. South Broward Hospital District, which does business as Memorial Healthcare System, bought the 254,000-square-foot Venture Center office complex at 200-300 South Park Road and 3440 Hollywood Boulevard from entities tied to Fox Ridge Capital and Jackson Land Development. The deal penciled out to $272 per square foot. Scott O’Donnell, Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon, Mike Ciadella, Greg Miller and Miguel Alcivar of Cushman & Wakefield represented the sellers in the deal, while Chris Lee and Will Portfolio […]

This article originally appeared on The Real Deal. Click here to read the full story.

Goldmans sell iconic Tony Hotel in South Beach after 40 years of ownership

Eman Elshahawy — Tue, 15 Sep 2026 15:13:46 +0000

The Goldman family sold the Tony Hotel in Miami Beach, which bears the name of Tony Goldman, in an off-market deal following 40 years of ownership. An entity tied to French hospitality duo Philippe Le Guennec and Benjamin Debard paid an LLC managed by Jessica Goldman Srebnick and Janet Goldman $16.5 million for the 52-room hotel at 801 Collins Avenue with plans for a multimillion-dollar renovation, according to Susan Gale of Gale International at ONE Sotheby’s International Realty. The price amounts to $317,300 per key. The buyers also purchased the Kimpton Angler’s Hotel in Miami Beach for $43.5 million last […]

This article originally appeared on The Real Deal. Click here to read the full story.

Continuum condo association accused of retaliation after tenant reported owner for indecent exposure

Katherine Kallergis — Tue, 15 Sep 2026 14:00:00 +0000

A renter at the Continuum on South Beach who first leased a unit there in 2021 is alleging the condo association retaliated against her after she reported an owner to the police. Paige Stone, who has leased units 1102 and 1103 at the luxury condo complex at 100 South Pointe Drive, sued the condo association because she was issued a notice of nonrenewal, which came after she called the police on unit owner Michael Pulwer. In March, Pulwer exposed himself while on the beach and masturbated in front of others, including Stone’s young children, according to a police report and […]

This article originally appeared on The Real Deal. Click here to read the full story.

Former NBA star Juwan Howard finds buyer for Coral Gables estate

Grace McClung — Tue, 15 Sep 2026 13:00:00 +0000

Juwan Howard, Brooklyn Nets assistant coach and former NBA All-Star, found a buyer for his newly built Coral Gables home, landing a contract at an asking price of $28.9 million. The home led last week’s luxury market in Miami-Dade County, where buyers signed 15 contracts between Sept. 7 and Sept. 13, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The report tracks all listings in Miami-Dade asking $4 million and above. The single-family homes and condos that went under contract last week spent an average of 162 days on the market and had a combined asking dollar volume […]

This article originally appeared on The Real Deal. Click here to read the full story.

Mount Vernon buys Publix-anchored retail for $67M in its first major SoFla shopping center purchase

Alissa Gary — Mon, 14 Sep 2026 23:00:00 +0000

Mount Vernon Company paid $66.9 million for a Palm Beach Gardens shopping plaza whose anchor tenant is a renovated Publix grocery store. Nuveen Real Estate sold the 207,900-square-foot Promenade Shopping Plaza for $17.6 million more than it paid — $49.3 million in 2017. The deal closed at $321 per square foot. Beacon Bank provided Boston-based Mount Vernon with a $35.9 million loan. The neighborhood shopping strip at 9810 Alternate A1A was built in 1989 and sits on about 22.8 acres. Its central tenant is a Publix that reopened after renovations last year. Planet Fitness, Goodwill and Ace Hardware are among […]

This article originally appeared on The Real Deal. Click here to read the full story.

Cain, Kushner move forward with Fort Lauderdale rental project amid soft rents

Grace McClung — Mon, 14 Sep 2026 21:24:11 +0000

Cain and Kushner are moving forward with plans for a 440-unit resi project in Fort Lauderdale, though the city is calling for revisions to the development’s design and streetscape. Fort Lauderdale’s Development Review Committee considered plans for the Rio Vista Residences last week. The 570,300-square-foot project would sit on a 2.6-acre assemblage at 633 South Federal Highway. Roughly 53,000 square feet of office buildings would be demolished to make way for two highrises connected by a nine-story podium with a pedestrian paseo underneath. The buildings, rising 28 and 22 stories, would comprise units ranging from studios to three-bedrooms with floor […]

This article originally appeared on The Real Deal. Click here to read the full story.

Museum of Miami pitches restoration of historic Pan Am Terminal city hall site

Eman Elshahawy — Mon, 14 Sep 2026 21:20:52 +0000

The Museum of Miami wants to restore the historic Pan Am Terminal at Dinner Key, where Miami City Hall is located, build an adjacent museum building and create a public campus on Biscayne Bay under a proposed public-private partnership. The proposal follows a city commission vote to keep commission meetings at the Coconut Grove landmark built in the 1930s as the city prepares to move its administrative operations to Miami Freedom Park. The museum proposed funding the terminal restoration and construction of a new museum building, according to a letter of intent from CEO and Executive Director Natalia Crujeiras to […]

This article originally appeared on The Real Deal. Click here to read the full story.