The Real Deal (Los Angeles)

3 days ago | therealdeal.com | Kate Hinsche

A buyer linked to Microsoft is assembling a sprawling portfolio of Palm Beach properties, in a series of deals that will likely total more than $350 million, sources told The Real Deal. Billionaire Charles Simonyi, the early Microsoft employee credited with creating Word and Excel, is likely the buyer, sources confirmed to TRD. The Wall Street Journal first reported that Simonyi is one of the rumored buyers, as well as former Microsoft CEO Steve Ballmer or co-founder Bill Gates.

3 days ago | therealdeal.com | Rich Bockmann

A former vice president in Vornado Realty Trust’s vaunted leasing office has been charged with stealing millions of dollars from the company, one of New York’s biggest commercial landlords. Jared Solomon was indicted by prosecutors from the U.S. Southern District’s office in December on one count each of wire fraud and aggravated identity theft, court records show. According to the indictment, the VP devised a scheme to defraud an unidentified “Victim Company 1” between 2009 and 2023.

3 days ago | therealdeal.com | Lidia Dinkova

Lennar wants to develop 106 townhouses near Homestead, as the homebuilding giant continues its development spree in south Miami-Dade County. The Miami-based firm, led by Stuart Miller and Jon Jaffe, proposes the Retro West complex with 11 workforce units on a 10-acre vacant site on the northwest corner of Southwest 338th Street and Southwest 192nd Avenue in unincorporated Miami-Dade. One of the three adjacent lots is at 33700 Southwest 192nd Avenue.

3 days ago | therealdeal.com | Kate Hinsche |Adam Farence

It was a busy week for brokers in Palm Beach County’s condo market, with sales and dollar volume soaring. All but one of the top 10 closings this week were units at Alina Residences in Boca Raton. Brokers closed 155 condo sales totaling $239 million from June 14 to June 22. The previous week, brokers closed 92 condo sales totaling $55 million. Last week’s units sold for an average of $1,542,036, higher than the $598,087 average price from the previous week.

4 days ago | therealdeal.com | Lidia Dinkova

Billionaire developer John Catsimatidis Sr. fully leased the office space at his downtown St. Petersburg mixed-use project to a financial services firm. Dynasty Financial Partners signed for the entire 45,000 square feet of space at the 400 Central tower, with plans to open the office next year, according to the developer’s news release.