Billionaires’ Row Condo Sells for $82.5M, NYC’s Priciest Deal of the Year

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Billionaires’ Row Condo Sells for $82.5M, NYC’s Priciest Deal of the Year

A high-profile sale at 220 Central Park South has set the record for New York City’s most expensive deal of the year. Media executive Byron Allen sold his five-bedroom condo for $82.5 million just one year after purchasing it for $75 million. 

The buyer, connected to Huizenga Holdings, joins an elite group of owners in one of the city’s most exclusive addresses. Designed by Robert A.M. Stern, the limestone-clad tower is known for attracting billionaire buyers and ...

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Miami Beach Aims to Become a Blue Zone City

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Miami Beach Aims to Become a Blue Zone City

Miami Beach is exploring Blue Zone certification, aiming to enhance well-being through infrastructure, social engagement, and wellness initiatives. Walkability expert Dan Burden and a team from Blue Zones are assessing the city’s potential, focusing on traffic safety, healthy food access, and community spaces.

Vice Mayor Tanya Bhatt and officials showcased efforts like South Pointe Park while acknowledging challenges such as congestion and affordability. With a $220,000 investment in a six-month study, Miami Beach hopes to become South Florida’s first Blue Zone city, fostering a lifestyle ...

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An 85-year-old hotel in Miami Beach got a $100M upgrade

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An 85-year-old hotel in Miami Beach got a $100M upgrade

One of Miami Beach’s historic oceanfront hotels is making a comeback after a $100 million renovation that blends modern updates with restored original details. The Shelborne, located at 1801 Collins Ave., is now accepting stay reservations starting May 1, 2025.

Originally built 85 years ago, the hotel was an early example of the Miami Modernism (MiMo) style of the 1950s. Following the renovation, it features 251 rooms—down from 275—with warm, earthy tones, ceramic sconces, handcrafted ceramics, and limestone flooring.

The Shelborne’s revival is part of a larger ...

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Miami-Dade Contract Activity

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A Closer Look

Miami-Dade’s luxury market rebounded in December, with single-family homes and $1M+ condos seeing strong demand after a slow summer. However, condo sales remain sluggish due to financing challenges, rising assessments, increasing monthly fees, and new Florida laws requiring planned repair spending starting in 2025.

Despite these challenges, South Florida leads the nation in price appreciation, migration, luxury sales, and international buyers. ...

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NYC airports saw busiest year ever, Port Authority says

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NYC airports saw busiest year ever, Port Authority says

NYC airports set a new record in 2024 with 149.9 million travelers, surpassing 2023’s 143.8 million. The holiday season saw a surge, with December hitting an all-time high of 12.5 million passengers.

PANYNJ Chairman Kevin O’Toole credited the growth to $30 billion in airport upgrades, including JFK’s massive redevelopment, LaGuardia’s transformation into the nation’s top-ranked airport, and Newark Liberty’s ongoing modernization.

(source: 6sqft.com, picture: Miguel Angel Sanz)

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Office Deals? Yes, But Skip Midtown—3rd Costliest Globally

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Office Deals? Yes, But Skip Midtown—3rd Costliest Globally

Midtown is the most expensive office market in the U.S. and North America, ranking third globally behind London’s West End and Hong Kong, according to Savills.

Midtown Manhattan’s average net effective cost hit $206.67 per square foot, up 9% from last quarter, including rent, incentives, and fit-out expenses. London’s West End leads at $277.55, while Hong Kong dropped to $230.39.

Downtown Manhattan ranks fourth in the U.S. at $91.88 per square foot, with San Francisco and Century City in between. Nearly half of ...

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