News

The partnership behind The HueHub, South Florida’s most ambitious Live Local Act project, has devolved into litigation, with Laura Tauber accusing Pablo Castro of cutting her out of the landmark West Little River development, The Real Deal has learned.  Tauber, a longtime South Florida developer and investor, sued Castro, a Spanish developer and newcomer to South Florida real estate, alleging he froze her out of the project, reneging on his promises to share profits with her as a partner. Tauber sued Castro, as well as entities The HueHub and Digital Housing Platform, both managed by Castro, in Miami-Dade Circuit Court.  This article originally appeared on The Real Deal. Click here to read the full story.

Vivian Dimond’s oceanfront Manalapan spec mansion asking for $59.9 million found a buyer, marking the latest pricey contract in Palm Beach County this season.  Buyers signed 32 contracts between March 2 and March 8 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $304.9 million in asking dollar volume and averaged 107 days on the market. The previous week, buyers signed 35 contracts totaling $295.6 million. The report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 52 This article originally appeared on The Real Deal. Click here to read the full story.

Australian billionaire Michael Dorrell bought a private island in Palm Beach for $150 million, and now he’s unloading a waterfront Coral Gables estate for $35 million.  Records show Dorrell’s Hautacam LLC sold the 1.7-acre compound at 235 Solano Prado to spec developer Alex Pirez in an off-market deal.  Dorrell is co-founder and CEO of Stonepeak, an investment firm that focuses on infrastructure projects like water desalination plants, gas pipelines and data centers. He has a net worth of $8.5 billion, according to Forbes. In 2024 he bought Tarpon Island, the private island in Palm Beach redeveloped by Todd Glaser and This article originally appeared on The Real Deal. Click here to read the full story.

A real estate investment company launched a $250 million fund targeting Southeast U.S. industrial properties amid a surge in domestic manufacturing demand.  Boca Raton-based IP Capital Partners’ IPCP Southeast Industrial Fund II targets $1 billion in purchases across Florida, Georgia, Tennessee, and North and South Carolina, seizing on 150,000-square-foot to 300,000-square-foot properties in the $15 million to $50 million range, according to a news release and IP Capital President Jason Isaacson.  “This is a small and nimble income and growth fund,” Isaacson said. A “large institutional fund is too big to buy these mid-market type sizes, which ironically to us This article originally appeared on The Real Deal. Click here to read the full story.

Two entities tied to Marlon Gomez lost a distressed Miami River development site at a courthouse auction, marking the second time in six months that the Miami developer was forced to give up land. An affiliate of the Fiorentino Family Office bought the 1.8-acre assemblage at 1515, 1529 and 1543 Northwest South River Drive with a $15,600 winning bid last week, Miami-Dade County Circuit Court records show.  The Fiorentino affiliate obtained a $12.8 million final judgment on Jan. 30 against Gomez, his entities and his former development partners, Fausto Callava and Antonio Pardo.  The lender sued Gomez, Callava and Pardo This article originally appeared on The Real Deal. Click here to read the full story.