• Shoma gets extension from North Bay Village, plans to seek additional height and density for condo tower,Katherine Kallergis

    Shoma gets extension from North Bay Village, plans to seek additional height and density for condo tower

    Ω Masoud and Stephanie Shojaee secured more time to obtain a master building permit for Shoma Bay, a delayed condo tower planned in North Bay Village.  “Right now I am spending my own cash and giving the money for the project,” Masoud Shojaee, CEO of Coral Gables-based Shoma Group, told commissioner

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  • Fear of ICE raids creates chilling effect at South Florida construction sites,Francisco Alvarado

    Fear of ICE raids creates chilling effect at South Florida construction sites

    On a muggy Thursday morning in mid-June, Jorge stood near the parking lot entrance to a Home Depot in Hialeah. The 47-year-old Cuban day laborer scanned arriving pick-up trucks for any glimmer of job opportunities, which have become scarcer each passing week. Nearby, Yosvany, another Cuban day labor

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  • Baptist Health plans to expand, pays $40M for ground lease and dev site ,Francisco Alvarado

    Baptist Health plans to expand, pays $40M for ground lease and dev site 

    Baptist Health South Florida is expanding its real estate holdings after acquiring a ground lease in Palm Beach County and a Broward development site for a combined $40 million. In the larger deal, Coral Gables-based Baptist Health, led by CEO Bo Boulenger, paid $26 million for the ground lease of a

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