Where once there was a golf course, now there are grapes
Developers were showing interest and the residents of Fallbrook's Gird Valley were scared. The 56-year-old Fallbrook Golf Club closed for good in early 2016, another North County golf course that … Click to Continue »
Owning real estate has not panned out for many African-Americans
Politicians and advocates have long touted homeownership as the best way to build wealth, saying that over the long term, home values go in only one direction: up. But since … Click to Continue »
City Condemns & Demolishes 95 Year Old Hotel Near Arsht Center
The 95-year-old Willard Hotel has been demolished. Built in 1923, it was condemned by Miami’s Unsafe Structure Panel in January and ordered demolished. In July,... (RSS generated with FetchRss)
Photos: Aston Martin Residences Progress, One Year After Groundbreaking
Here’s what the Aston Martin Residences site looks like, a year after the project broke ground. On October 10, 2017, foundation equipment arrived at the... (RSS generated with FetchRss)
Eighteen Story ‘Class A’ Soleste Grand Central Apartment Building Planned In Overtown
Estates Investment Group is proposing a luxury apartment project in Overtown. The project is being built in partnership with the Overtown/Park West Community Redevelopment Agency,... (RSS generated with FetchRss)
Work Underway On $802M Signature Bridge, Double-Deck Highway
The clock is about to start ticking for the contractor working on the $802 million Signature Bridge project, which also includes double decking a portion... (RSS generated with FetchRss)
Pump And Trump: How His Firm’s Crooked Operations Circled The Globe
… ownership in projects in Tampa, Florida; Panama; Baja and elsewhere. For … , Khafif said, in developments in Sunny Isles Beach, Florida — an area known as “Little … Landau. The group — including South Florida residents, a family [...]
Le Parker Meridien hotel scion pays $7M for Sunset Islands site for new home
Miami Beach (Credit: Wikimedia Commons) A member of the real estate family that developed New York City’s Le Parker Meridien hotel just paid $7.17 million for a site to build a new home on Miami Beach’s Sunset Islands. James Curnin [...]
Lease roundup: Stiles secures first tenants for new Fort Lauderdale office project & more
Rendering of The Main Las Olas, a Lucky’s Market and Sabre Centre I Akerman, BBX Capital and Berger Singerman ink leases at the new Main Las Olas Law firms Akerman and Berger Singerman and holding company BBX Capital just inked [...]
NHL’s Max Pacioretty sells Boca Raton home to Southern Glazer’s exec
Max Pacioretty and 434 Areca Palm Road (Credit: Douglas Elliman) A toast is in order. National Hockey League forward Max Pacioretty sold his Boca Raton home to Gene Sullivan, regional president of Southern Glazer’s Wine & Spirits. (Credit: Douglas Elliman) [...]
An offer they could refuse: Inside the failed bulk buyout of Isola Condominium
Isola Condominium, Arnaud Karsenti and Inigo Ardid With nearly every acre of Miami waterfront land scooped up, developers have increasingly turned to the bulk buyout, targeting older properties in prime locations that can be demolished and replaced with glittering, taller [...]
PHOTOS: Inside The Real Deal’s annual architecture salon
Every year, The Real Deal‘s publisher Amir Korangy hosts a salon about architecture and design, bringing New York real estate’s best and brightest into conversation with the city’s leading innovative architects. Architect David Rockwell, the founder and president of Rockwell [...]
Hurricane Florence devastation added to drop in home building: report
A home flooded by Hurricane Florence in North Carolina (Credit: Getty Images) Housing starts across the United States dropped in September, largely due to a decline in the south after Hurricane Florence tore through the Carolinas. Government figures show that [...]
Grupo Eco buys site for final piece of Atlantic Village project in Hallandale
Rendering of Atlantic Village, 601 North Federal Highway and John DeMarco with Re/Max 5 Star Realty Grupo Eco just paid $12 million for land in Hallandale Beach where the Mexican development group plans to build the final phase of its [...]
Movers & Shakers: Stantec names new Miami principal, Dwntwn Realty Advisors expands & more
Andrew Burnett and Solitair Brickell Stantec promoted Andrew Burnett to principal of the Miami office. Burnett was one of the lead architects working on the 50-story Solitair Brickell project across from Brickell City Centre. As a principal, he’ll be responsible [...]
Impulsive Group pays $21M for Sands Harbor Resort & Marina in Pompano Beach
Sands Harbor & Marina, George Smith This was no last minute deal for Impulsive Group. The New York-based hospitality company just paid $21 million for the waterfront Sands Harbor Resort & Marina in Pompano Beach. Impulsive Group paid $362,062 per [...]
Foundry and partner to expand Miami Free Zone complex
From left: A rendering of 2305 Northwest 107th Avenue and Fairchild Partners’ Sebastian Juncadella and Jose Juncadella More industrial space is planned for Doral. Foundry Commercial and Oakwood Real Estate Partners will add two new buildings to the Miami Free [...]
BMO Harris Bank latest lender to slash mortgage staff
BMO Group CEO Darryl White and a BMO Harris bank (Credit: BMO and Groth Design Group) BMO Harris is laying off scores of mortgage workers in its bank branches, saying buyers prefer to shop for loans over the phone. The [...]
Seritage Growth Properties could lose up to $84M from Sears bankruptcy
(Credit: iStock) Seritage Growth Properties, the REIT spun off from Sears that leases dozens of properties to the retailer, stands to lose up $84 million this year if the Sears bankruptcy ends in liquidation. Seritage collects about $49 million in [...]
New fed mortgage website for non-English-speaking buyers
FHFA, Freddie and Fannie jointly announced Mortgage Translations – a centralized clearinghouse for RE pros who serve limited English proficient borrowers.
How will 2 seasons’ storms affect Fla. property insurance?
Experts believe Fla.'s insurance industry can weather the latest losses from Hurricane Michael without significant premium increases, even though major storms have historically bankrupted some insurance firms and sent rates skyrocketing.
U.S. housing starts down 5.3% in September
Hurricanes and rising mortgage rates took a toll, notably on multifamily starts. Single-family starts were mixed: Up in half the U.S., down in the other half.
Kiplinger: Fla. No. 4 tax-friendly state – and top 3 are cold
The overall taxes paid by Floridians are bested only by Alaska, Wyoming and South Dakota; and the top 5 of 10 "best" states have no income tax at all.
The yin and yang of rising interest rates
Fed interest rate increases are a sign of a healthy economy – but they're also a problem for homebuyers when higher rates increase the cost of ownership.
Here’s How Brickell City Centre Will Add Pedestrian Connectivity To The Miami River
Swire Properties is planning major upgrades to the public spaces under and around the South Miami Avenue bridge as part of a massive expansion of... (RSS generated with FetchRss)
Melo Group Signs Utilities Deal For 35-Story Miami Plaza, Construction Permit Pending
Developer Melo Group is moving forward with plans to build an apartment tower called Miami Plaza. On October 4, the developer finalized a deal with... (RSS generated with FetchRss)
Portion Of Development Rights From Historic Church At 1836 Biscayne Sold To Elysee
Fifteen Group, which owns the historic Christian Science church at 1836 Biscayne Boulevard, has sold some of the property development rights. 700 Miami Partners purchased 180,000... (RSS generated with FetchRss)
CitizenM Moving Forward With Plan To Demolish Perricone’s In Brickell, Build 252-Room Hotel
Netherlands-based hotel chain CitizenM is making preparations to demolish Perricone’s Marketplace in Brickell, replacing it with a hotel. On October 4, the company finalized a... (RSS generated with FetchRss)
Miami parking price hike held hostage for marinas rate raise
Commissioner Joe Carollo is holding up a final vote to raise parking rates until he’s assured Miami will hike fees at city marinas too. For the second time this fall, commissioners deferred a vote Oct. 11 on raising parking rates, [...]
County scours nation for best bicycle and scooter sharing rules
Miami-Dade is taking cues from other major US metropolitan areas to devise regulation strategies for bicycle- and scooter-sharing companies that have strewn thousands of dockless vehicles throughout the county. “[The Miami-Dade Department of Transportation and Public Works] has researched and [...]
Amazon Air joins Miami International Airport
Miami International Airport last week became part of Amazon Air’s cargo flight operations, at the same time that the airport was marking a nearly 4% gain in cargo carried for the year to date. Amazon launched twice-daily freighter service at [...]
José Leonardo Martí: Growing Mexico’s Miami-based CMX Cinemas chain
As CEO of CMX Cinemas, the North American subsidiary of Mexican cineplex corporation Cinemex, José Leonardo Martí has led an aggressive expansion campaign that since 2016 has seen the company develop into the eighth largest movie theater chain in the [...]
Miami-Dade grows affordable housing inventory by 3%
Miami-Dade’s Public Housing and Community Development department is working to meet the needs of low-income elderly residents through a combination of new construction, rehabilitated sites and novel ideas, according to Mayor Carlos Giménez, who reported Oct. 9 that the department [...]
FYI Miami: October 18, 2018
Below are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here. AIR PASSENGERS GAIN: After an August decline, Miami International Airport remains slightly [...]
Bayside Marketplace unveils a basket of upgrades
Renovations continue at Bayside Marketplace. Senior general manager of Bayside Marketplace LLC Pamela Weller is overseeing a variety of facelifts occurring around the site and says they are on schedule. The north and south buildings are experiencing simultaneous renovations. Elevating [...]
Florida Department of Transportation asks city to run 30-acre park under bridge
The Florida Department of Transportation is looking to the City of Miami to develop and run a 30-acre illuminated park under a rebuilt and elevated I-395 and its long-planned “signature bridge.” It appears the state is finally ready to start [...]
Voters, finish the convention center job by adding vital hotel
Miami Beach can have its cake and eat it too: if voters OK a convention hotel on city land on Nov. 6, they’ll fuel the economy with higher-revenue events, pour in lease and tax income from the hotel to add [...]
Filming in Miami: October 18, 2018
These film permits were issued last week by the Miami-Dade County Department of Regulatory & Economic Resources’ Office of Film and Entertainment, (305) 375-3288; the Miami Mayor’s Office of Film, Arts & Entertainment, (305) 860-3823; and the Miami Beach Office [...]
With IPO ahead, Compass lures agents with stock options
Compass CEO Robert Reffkin After raising $400 million last month in its latest funding round, Compass appears heading toward an IPO within 24 months. And now, it’s offering agents stock options. For every dollar the agent invests, for example, Compass [...]