Lennar Corp. paid $4.3 million for a townhouse development site in Davie. Big Ocean Homebuilders, managed by John Neuman, sold the 10.2-acre site on the west side of Davie Road at Southwest 49th Court to Breton Park Lennar LLC, a subsidiary of the Miami-based national homebuilder (NYSE: LEN). The site is about three blocks south of Griffin…

A joint venture between the Related Group and East End Capital plan to build an office building at their mixed-use project in Miami’s Wynwood Arts District. The developers recently broke ground on Wynwood 25 after receiving a $58 million construction loan. See full article here

It could be said that Terry Stiles’ career is one of a son rising through the family business. But though he’s one of South Florida’s most prolific builders who learned his trade early under his father’s guidance, the younger Stiles was on his own at 23 when his father died in 1971. Stiles has since branded…

Moss & Associates has returned to the Business Journal‘s Private Companies list after the Fort Lauderdale-based general contractor surpassed $1.22 billion in revenue in 2016. Founded by Bob Moss in 2004, the company is now among the largest Florida-based general contractors. Its growth is not limited to Florida, as it has landed major projects nationwide and in…

An affiliate of Lennar Corp. bought a 77.3-acre site in Homestead with development approvals for $10.75 million. In 2015, Homestead approved the site for 247 single-family homes. So now Lennar has a development-ready site. The deal turned out well for Boudet-Murias’ company. It paid $3.78 million for the property in 2013, so it saw a…

The Related Group has completed the 690-unit Brickell Heights condo in Miami and found a buyer for most of its commercial space. The two towers at 850 South Miami Ave. – between Brickell City Centre and Mary Brickell Village – have completely sold out, according to the developer. Follow the link for the full article

The Related Group on Thursday offered the Business Journal an early tour of the SLS LUX Brickell, a sister property to the recently opened $400 million SLS Hotel & Residences in Miami. The 550-unit condo hotel, now under construction, is expected to open September 2017, said Carlos Rosso, president of Related Condominium Development. See more

A little over a year after a penthouse in the upcoming luxury building sold for $8.9 million, which was a Broward record for a condo sale at the time, and another penthouse has squashed that mark after selling for $9.5 million (1,670 per square foot). The developer is PRH Fairwinds, a new partnership between Related Group,…

The Related Group and East End Capital have obtained a $57.99 million construction loan for one of the first residential projects under Wynwood’s new zoning code. Wynwood 25 would have 289 apartments, 31,000 square feet of ground-floor retail and 340 parking spaces. Units would range from 400 to 1,200 square feet. Amenities would include a fitness…

Stiles Corp. has started the process of seeking approval to build an office tower and an apartment tower on Las Olas Boulevard in downtown Fort Lauderdale. The deal for the office building at 225 E. Las Olas Blvd. started taking shape in February when the Broward College Board of Trustees approved a lease and pre-development agreement…