A trust led by Peter J. Caparso, an investor in technology startups such as payment processor Checkout.com, and wife Suzanne F. Caparso sold their lower penthouse condo at Eighty Seven Park in Miami Beach for $27.76 million.

The cold spell will be short-lived, as South Florida begins a gradual warm-up on Saturday. Winds will shift from the northeast to the east, allowing a warmer airmass to move into the area. By Saturday night, low temperatures will feel much more comfortable compared to tonight's sharp chill.

The morning got off to a cloudy start with a few isolated sprinkles and drizzle around. It will be cool and breezy throughout the day as highs will only be in the upper 50s & low 60s in the afternoon under partly sunny skies. The average high in Miami is 76 degrees. The chance of rain is low, but a stray shower will be possible.

Pakman Miami Beach LLC purchased a Miami Beach site formerly owned by Rishi Kapoor for $17.5M with a loan from Altamar.

Free-standing emergency rooms are spreading all over South Florida, extending the reach of hospitals into fast-growing suburbs. In Broward, Palm Beach and Miami-Dade counties, about 30 standalone emergency rooms have opened,

Miami, Florida, is the busiest cruise ship port in the U.S. This port city guide offers ideas for exploring Miami over a few hours or a few days.

South Florida is home to hundreds of thousands of people with roots in Colombia, according to federal government data, underscoring the longstanding and deep ties between the region and the South American country.

The Comras Company's Michael Comras reveals his approach to revitalizing South Florida's urban and suburban markets in our latest Executive Profile.

South Florida residential dollar volume surged in December. It was a strong month for single-family home sales, while condo deals faltered.

South Florida office vacancy rates and average asking rents held steady, but signs of trouble loom, including foreclosures and discounted deals.

Climatologically, it is not supposed to snow in South Florida. The laid-back tropics are a region constantly gaining energy from the sun, and with Florida's temperatures moderated by warm water on three sides, snow is unusual even in the northern reaches of the state.

DAMAC International said Tuesday that it planned to build The Delmore on the site where the Champlain Towers South partially collapsed in Surfside, Florida.