National
Landlords take on short-term debt to spruce up struggling assets
Landlords are increasingly taking on short-term debt to fix up their empty stores, hotels and apartment buildings. JPMorgan found...
Property owners in Miami’s Little River join forces to sell their assemblage
It’s curtains for Galbut family-led proposal to redevelop Byron Carlyle Theater
Tech company founder sells waterfront Fort Lauderdale mansion for $17M
South Florida by the numbers: Black achievement in real estate and business
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Investment banker buys waterfront Venetian Islands teardown for nearly $10M
The co-founder of a financial services firm and his wife bought a waterfront Venetian Islands teardown for $9.6 million....
National
Zillow using Zestimate to streamline cash offers for some homes
Zillow is using its “Zestimate” to streamline its process for making cash offers on some homes. The Seattle-based listings...
National
Best Buy lays off 5,000 staffers, increases store closures
Best Buy had a successful 2020 — but the electronics retailer is scaling back. The company laid off 5,000...
National
Pending home sales fall for fifth consecutive month
Pending home sales fell for the fifth month in a row — but not for lack of demand, experts...
South Florida by the numbers: Black achievement in real estate and business
“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate...
Property owners in Miami’s Little River join forces to sell their assemblage
A group of property owners in Miami’s Little River neighborhood are banding together to sell their assemblage, where a...
National Issue
Check out anytime you like
With its hotels business battered by the pandemic, Ashford Hospitality Trust took a cold, hard look at its portfolio and came to a sobering conclusion: The REIT was simply going to walk away from...
National
Cushman reports 10% drop in revenue in 2020
The fourth quarter of 2020 was another tough one for Cushman & Wakefield, putting an end to a tough year for the commercial real estate giant. Cushman reported a net loss of $27.3 million...
South Florida construction starts fall in January
South Florida construction began the new year slowly with new starts falling in January by double-digits, year over year,...
National
Airbnb’s losses balloon to $4.6B in 2020
Despite the luster of its eye-popping IPO, Airbnb reported a $4.6 billion net loss in 2020 in its first earnings report as a public company. The hospitality startup, which is banking on a travel...
Banker’s Row office building in Palm Beach sells for $17M
A six-story office building on Palm Beach’s Banker Row sold for $17 million, a little over a year after...
National Issue
Smaller cities look to cash in on shift to remote work
Taylor Allen said her life after college was a “little bit nomadic,” as she moved from Virginia to China...
Tech company founder sells waterfront Fort Lauderdale mansion for $17M
The founder of a technology firm and his wife sold their waterfront Fort Lauderdale mansion for $16.8 million, a...
National
Victoria’s Secret may close 50 stores this year
Victoria’s Secret’s plans for its future are, well, not so secret. The lingerie retailer will close 30 to 50...
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Relocating your business to South Florida? Look to Shorecrest Construction
The secret came out in 2020 — Florida is more than just a winter retreat. Since last year Florida...
National
Starwood Property Trust’s Q4 earnings fall 38%
Barry Sternlicht was in such a good mood during Starwood’s earnings call on Thursday that he joked he was...
It’s curtains for Galbut family-led proposal to redevelop Byron Carlyle Theater
The Miami Beach City Commission on Wednesday rejected a proposal by Menin Hospitality and KGTC, LLC to buy the...