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South Florida Business Journal
News in Brief: Related Group opens affordable housing community
Related Urban Development Group, the affordable and workforce housing arm of Related Group, and Miami-Dade County opened Residences at SoMi Parc, a 172-unit mixed-income housing community at 5961 S.W. 68th St. in South Miami. The development is the first...
South Florida's top employer sells development site to Estate Cos.
The Estate Cos. acquired a multifamily development site in Homestead from Baptist Health South Florida. The South Miami-based developer purchased the 20.8-acre vacant property at the southeast corner of Southwest 312th Street/Campbell Drive and Northeast...
Yacht & country club mansion sells for city record $40M (Photos)
The heir of late financial newsletter publisher Glen King Parker sold a mansion on the Intracoastal Waterway in Boca Raton for $40 million – a city record. The price on the deed in county records was $36 million, but selling brokers Jill Hertzberg...
New York developer plans to build townhomes in Riviera Beach
Buffalo-based Sinatra & Co., a major developer in western New York, hopes to build in South Florida with a townhouse project in Riviera Beach. The city’s Planning and Zoning Board will consider the rezoning of the 2.52-acre site at 4142 Leo Lane on...
Luxury hotel/condo to welcome 3 restaurants led by acclaimed chef
An acclaimed chef will lead three restaurant concepts at the new Gale Miami Hotel & Residences. The hotel-condo at 601 N.E. First Ave. is slated to open on June 1. Chef Erhan Özkaya will oversee the upscale property’s American-style steakhouse, Mediterranean...
170,000-square-foot warehouse breaks ground in Miami-Dade
East Capital Partners has broken ground on a spec warehouse in Hialeah amid a surge in industrial development in northern Miami-Dade County. The Darien, Connecticut-based developer, through affiliate WGC 97th Property LLC, is building a 170,000-square-foot...
Texas developer proposes 2nd apartment complex at 70-acre site
Trammell Crow Residential has proposed a second phase of its apartment complex in West Kendall. Maple Multi-Family Land, an affiliate of Dallas-based Trammell Crow Residential, filed a pre-application with Miami-Dade County officials concerning the...
Miami law firm expands with 2 new offices
A law firm based in Miami's Wynwood Arts District is establishing new offices in Broward and Palm Beach counties. Haber Law opened a 3,153-square-foot office on the seventh floor of the Plaza 100 building in Fort Lauderdale at 100 N.E. Third Ave. on...
Retailer closing hundreds of stores after bankruptcy
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at Walmart's decision to close down its health clinic business, how small businesses are rethinking real...
BizSpotlight: PMG Executive Search & Recruiting
Established 20 years ago, with specialized recruiters in West Palm Beach, Phoenix, Dallas, New York and Atlanta, PMG Executive Search & Recruiting relocated its headquarters to West Palm Beach during the height of the pandemic nearly 3 years ago. “Businesses...
City to consider 500 apartments near major sports venue
Miami Gardens officials will consider leasing city land not far from Hard Rock Stadium to a developer for a mixed-use project. The City Council will consider a term sheet for a land lease with Miami-based Redwood Dev Co LLC for the 4.93-acre site at...
How Ken Griffin is redefining South Florida's corporate philanthropy
Billionaire Ken Griffin's string of multimillion-dollar donations in South Florida has surpassed $300 million since moving his residence and firm's headquarters to the area. The founder and CEO of Citadel, the world's most profitable hedge fund, moved...
The Viewfinder: PMG completes co-living apartments in Wynwood (Photos)
Miami-based Property Markets Group and Canada-based Greybrook have completed Society Wynwood, a Miami apartment building that includes co-living units and commercial space. The nine-story building at 176 N.W. 25th St. features 318 apartments and 50,210...
President of industrial firm sells island mansion for $39M (Photos)
A company managed by Gary Yelvington, the president of Daytona Beach-based Conrad Yelvington Distributors, sold a mansion along the Intracoastal Waterway in Palm Beach for $39 million. The 8,627-square-foot home at 10 Via Vizcaya was sold by 10 Via...
Iconic Miami restaurant to close after 27 years
Perricone’s Marketplace & Cafe will permanently close this month after 27-plus years of serving diners in Miami-Dade’s Brickell neighborhood. Steven Perricone, owner of the classic Italian American restaurant, notified customers of Perricone’s...
Job postings are sliding overall, but not for these high-demand roles
At a time when job postings have declined 28% from a pandemic-era high in 2021, certain positions — including multiple skilled trades — are in high demand. That’s according to recently released data from global job-search engine Indeed. Indeed's...
Real estate brokerage joins publicly traded corporation
A residential brokerage with 500 South Florida independent agents is now part of a publicly traded real estate company. Ojus-based Broker's LLC, led by founder and CEO Claudia Serna, joined Bellingham, Washington-based eXp Realty, a subsidiary of publicly...
Lennar has 250 acres under contract at golf club
Lennar Corp. (NYSE: LEN) has 250.2 acres under contract at the Boca Lago Country Club golf course west of Boca Raton. A deposit release mortgage was recorded in Palm Beach County records on April 30, with Miami-based Lennar pledging to pay $12.99 million...
124 condos planned in Broward suburb (Photos)
A garden-style condo community has been proposed as part of the MainStreet at Coconut Creek mixed-use project. The entire development, which has been in the works for more than a decade, covers 164 acres on the west side of Lyons Road, between Wiles...
Acclaimed NYC seafood restaurant to open soon in South Beach (Photos)
Catch Hospitality Group will open its namesake seafood restaurant in Miami Beach on May 10. The New York-based firm initially announced its Catch restaurant would make its debut in 2023 at 200 South Pointe Drive, but the opening was pushed a year. Catch...
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