Real Estate

Gencom has regained full ownership of the Ritz-Carlton Coconut Grove hotel in Miami after acquiring its partner Hersha Hospitality Trust’s majority stake.

Billionaire Jeffrey Soffer’s proposal to add cabanas and waterslides to the Fontainebleau Miami Beach resort is facing increasing opposition from city officials, residents, activists, and preservationists.

Marc Ashley, president of Market America Worldwide and Shop.com, has purchased a condo at the Bath Club Residences in Miami Beach for $14.3 million.

Decelerating leasing activity and slower rent growth are beginning to signal a shift in South Florida’s commercial real estate market, according to experts who spoke at the CCIM Institute Florida…

One of the women who accused Oren and Alon Alexander of sexual assault, identified as Whiteman, has died in Australia.

Duke Energy has announced that Preston Gillespie, executive vice president, chief generation officer and enterprise operational excellence, will retire after 40 years with the company.

Meritage Homes is seeking to rezone a 30-acre property in Wellington, Florida, with plans to develop a 206-unit townhome complex.

CC Homes, led by Armando Codina and Jim Carr, has sold a development site in Sunrise, Florida, for $164.5 million.

Vanderbilt University is moving ahead with plans to build a graduate campus in West Palm Beach.

Italian investor Gianluca Vacchi has filed a lawsuit against developer Michael Stern, alleging fraud related to an investment in a North Beach property that has not materialized.

Hyperion Group has secured additional public subsidies for its delayed Ocean One project in Boynton Beach.

Google co-founders Larry Page and Sergey Brin have been searching for high-end homes in Miami, with sources confirming that Page recently purchased a major waterfront estate.

A Pompano Beach apartment building was sold for $41 million, reflecting a slight decrease from its price four years ago.

BGI Capital has finalized the $40.9 million purchase of a development site next to its nearly completed Alba Palm Beach condominium tower in West Palm Beach.

A proposed Live Local Act project in Surfside, Florida, is facing pushback from local officials and residents.

In Boca Raton, a waterfront home at 7400 Northeast Orchid Bay Terrace was sold for $10.8 million, making it the most expensive residential transaction in South Florida’s tri-county area recently.

DWS Group has sold The Alhambra, a two-building office complex in Coral Gables, for $119.6 million.

Boca Raton city officials have approved a new ordinance that increases oversight of public land transactions.

A proposal for an 11-story building under Florida’s Live Local Act in Surfside has caused concern among residents and officials of the small coastal town.

Moishe Mana has expanded his Wynwood real estate holdings with the purchase of two adjacent vacant parcels for $33.5 million.

Chilean developer Claudio Fischer has secured a $65 million loan for a development site in Miami’s Brickell neighborhood.

The Duke Energy Foundation has announced the launch of its America250 grant program, aimed at supporting nonprofit organizations in six states ahead of the 250th anniversary of the United States.

Spec developer Michael Klinger and his wife Michelle Klinger have sold their home at 194 South Island Drive in Golden Beach for $27.1 million, setting a new record for bayfront…

Duke Energy Florida has announced that it will remove the storm cost recovery charge from customers’ bills one month earlier than planned.