
Brokerage boom: Engel & Völkers adds Miami Beach office, plans Coconut Grove relaunch
Engel & Völkers is expanding in Miami-Dade County. The brokerage is opening an office in Miami Beach’s South of Fifth neighborhood and planning to reopen in Coconut Grove later this year, according to a press release. The offices will be led by license partners Daniel Nault and Vanessa Gomez, who jo

When cash is king: Inside Spanish billionaire Amancio Ortega’s South Florida investments
Spanish billionaire Amancio Ortega is on a global summer shopping spree, making a splash in South Florida. Ortega’s Ponte Gadea real estate investment family office is buying the 30-story Sabadell Financial Center in Miami’s Brickell for about $275 million, and also bought the 44-story, 259-unit Ve

NAR: June Existing-Home Sales Down
While existing-home sales dipped 2.7% nationally in June, median prices hit a record $435,300, reflecting continued equity growth for homeowners.
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