The Alexander Group allegedly mismanaged and then refused to complete Indian Creek Island mansion: lawsuit
30 Indian Creek Island Road and Shlomo Alexander The Alexander Group, a North Miami Beach-based general contractor specializing in modern mansions, is facing accusations of cost overruns, project delays and abandoning the work site of a luxurious, two-story residence under [...]
Alex Sapir’s massive Opportunity Zone site in Miami hits the market
Alex Sapir and the site at 1768 Northeast Second Court (Credit: CBRE) Sapir Corp. and its partners planned to build a 1.7 million-square-foot project on an assemblage of land north of downtown Miami. But the Israeli real estate firm is [...]
Investor Joseph Imbesi sells Manalapan house
1675 Lands End Road (Credit: Redfin) Real estate investor Joseph Imbesi and his wife Orla sold their waterfront Manalapan house for $6.5 million. The Imbesis sold their 6,643-square-foot home at 1675 Lands End Road to Marilyn Flint, David Fischer and [...]
Industrious to open at Paseo de la Riviera in Coral Gables
Paseo de la Riviera and Industrious CEO Jamie Hodari Flexible workspace provider Industrious inked a deal for its third South Florida location. Industrious will take 25,000 square feet of retail space at Paseo de la Riviera, a mixed-use project under [...]
Compass Florida taps former Facebook exec to lead operations
Christian Martinez Digital marketing and social media executive Christian Martinez was tapped to be the regional president of Compass Florida. Martinez was previously with Facebook and Univision. Based at Compass’ Miami Beach office, Martinez is focusing on growing the brokerage’s [...]
Power struggle between Fisher Island association’s directors ignites lawsuit
Fisher Island (Credit: Michael Au via Flickr) A power struggle is taking place on ritzy Fisher Island. Fisher Island Community Association board members Michael Ashkin, Jeff Horowitz, Marc Peperzak and George Pearlman are suing the board’s five other directors appointed [...]
Robert Shapiro gets 25 years in prison for massive Ponzi scheme
Robert Shapiro, along with two of Woodbridge Group’s former luxury properties, and at right, a federal prison. (Credit: iStock) UPDATED, Oct. 15, 11:04 a.m.: When developer Robert Shapiro pleaded guilty in August to leading a $1.3 billion real estate Ponzi [...]
Stiles sells site of planned Sunrise mixed-use project
Ken Stiles and The Westerra development site in Sunrise (Credit: Stiles Corp.) Stiles Corp. sold 29 acres in Sunrise for $34 million where it had planned to build a mixed-use project with more than 750 residential units. Sunrise-based GL Homes [...]
Join The Real Deal at its sixth annual Miami Showcase & Forum this week
The Real Deal’s sixth annual South Florida Real Estate Showcase & Forum is shaping up to once again be the biggest industry event in the region. Mark your calendars for Thursday, Oct. 17 and join us at Mana Wynwood for [...]
The Real Deal’s E.B. Solomont receives Front Page Award
E.B. Solomont (Photo by Anuja Shakya) The Real Deal senior reporter E.B. Solomont has won a Front Page Award from the Newswomen’s Club of New York. The organization, founded in 1937, recognizes the best journalism by women working in print, [...]
First Industrial Realty picks up two properties in Pompano Beach
First Industrial Realty Trust CEO Peter E. Baccile, 1001 Northwest 12th Terrace and 1021 Northwest 12th Terrace in Pompano Beach (Credit: Google Maps) A company tied to First Industrial Realty Trust bought two industrial properties in Pompano Beach for $19.8 [...]
The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more
La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps) Ooh Raw! Poke + Juice Bar | South Miami Ooh Raw! Poke is expanding with a second location in South Miami. The poke and juice bar signed a lease [...]
Opendoor not looking to replace all agents — just some: CEO
Eric Wu said Opendoor is only partly replacing real estate agents “I guess it’s good to be hated.” That was Opendoor CEO Eric Wu’s riposte to a question from Recode’s Kara Swisher about what real estate agents think of him. [...]
SoftBank’s problem solver faces his biggest challenge yet: WeWork
Marcelo Claure and Softbank CEO Masayoshi Son (left) (Credit: Linkedin, iStock, Pixabay) In late September, SoftBank Group’s Marcelo Claure took to Twitter to share his goals for the upcoming month. He wanted to beat his best running time, try a [...]
Commissioners seek new plans for Melreese, Virgin Trains Aventura stop would have low ridership: Daily digest
Every day, The Real Deal rounds up South Florida’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page throughout the day. Please send any tips or deals to tips@therealdeal.com This page was [...]
“Dozens of buildings” in LA receive eviction notices ahead of California’s new rent law
Residential Los Angeles (Credit: iStock) Landlords across Los Angeles have sent out scores of eviction notices in recent weeks, trying to get ahead of the “just cause” provision of California’s new rent control bill, which kicks in Jan. 1. “We’re [...]
“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat
Fireside chats — one-on-one discussions between industry players at conferences — are typically genial events. But one such discussion held at a real estate conference in Munich this week was anything but friendly. At Real Expo 2019, New York-based tech [...]
Ross Dress for Less signs lease at historic former Burdines building in downtown Miami
Ross Dress for Less Ross Dress for Less signed a lease at the historic former Burdines building in downtown Miami. The retailer plans to lease 34,192 square feet at 22 East Flagler Street. The vacant building was most recently occupied [...]
Here’s a look at Blackstone’s industrial plays after its record-breaking portfolio purchase
Blackstone’s Jonathan Gray (Credit: Getty Images and iStock) After Blackstone dropped almost $19 billion on an industrial portfolio in June — the biggest portfolio deal ever — the private equity giant’s industrial activity hasn’t let up. In the months following [...]
Kurz Real Estate joins eXp Realty
David Kurz and eXp Realty CEO Glenn Sanford Virtual brokerage eXp Realty is growing by nearly 200 agents in South Florida with the acquisition of Kurz Real Estate, The Real Deal has learned. It’s the latest move in Florida by [...]
WeWork is investing again with fundraise for proptech
WeWork co-CEOs Artie Minson, Sebastian Gunningham and Jones CEO Omri Stern (Credit: LinkedIn) WeWork has apparently recovered enough from its attempted initial public offering rollout to invest again. The coworking company recently took part in a $4.6 million venture round [...]
Former hedge funder sells waterfront home in Coral Gables for $8M
500 Marquesa Drive (Credit: Realtor) Former hedge funder Chad Loweth sold a waterfront home in Coral Gables’s Old Cutler Bay neighborhood for $8.1 million. Loweth sold the 6,471-square-foot house at 500 Marquesa Drive for $1,251 per square foot, records show. [...]
Longpoint Realty picks up warehouse near MIA
8150 NW 64th Street and Longpoint Realty Managing and Founding Partner Dwight Angelini (Credit: Google Maps) Longpoint Realty Partners bought a warehouse near Miami International Airport for $6.3 million, as the private equity firm continues to target commercial properties in [...]
Construction of Echo Brickell allegedly damaged neighboring condo building: lawsuit
Echo Brickell and PMG principal Ryan Shear The condominium association for Brickell East, a 1980s condo tower, is accusing Echo Brickell’s developer and condominium association of being bad neighbors. According to a lawsuit filed in Miami-Dade Circuit Court, Brickell East [...]
Join The Real Deal at its sixth annual Miami Showcase & Forum next week
The Real Deal’s sixth annual South Florida Real Estate Showcase & Forum is shaping up to once again be the biggest industry event in the region. Mark your calendars for Thursday, Oct. 17 and join us at Mana Wynwood for [...]
Miami Beach broker to open Little River restaurant
Liliana and Howard Chase Miami Beach broker Howard Chase and his wife, Liliana Chase, are getting into the restaurant business. The couple signed a three-year lease with extension options, for the former Cheeseburger Baby space at 212 Northeast 79th Street [...]
Kuwaiti royal was defrauded of $160M investment in Mountain of Beverly Hills: lawsuit
Sabah Al-Khalid Al-Sabah and the 157-acre Mountain of Beverly Hills (Credit: Wikipedia and iStock) The drama surrounding the 157-acre Mountain of Beverly Hills didn’t end when the land was sold in foreclosure for a fraction of its sky-high asking price. [...]
Dialysis exec nabs condo at Ritz-Carlton Residences Miami Beach
Ritz-Carlton Residences Miami Beach A healthcare executive picked up a unit at the recently completed Ritz-Carlton Residences, Miami Beach for $6.4 million. Nelson Shaller, who founded IHS Dialysis, bought unit 502 at the new luxury condo development at 4701 North [...]
Lennar picks up 50 lots in western Palm Beach County
Arden home community and Stuart Miller Lennar Corp. picked up 50 lots in the Arden home community for $6.1 million as the company continues to buy land in western Palm Beach County. The Miami-based homebuilder bought the lots near Loxahatchee [...]
5 Easy Ways to Transform Cabinets When Painting Isn’t an Option
5 Easy Ways to Transform Cabinets When Painting Isn’t... Home sellers can still dramatically modernize the kitchen, even when a tight budget constricts their choices. August 20, 2019By: Karen PostWorking With Sellers, Remodeling, Kitchen & Bath
‘Property Virgins’ Host Offers an Experienced View on Renovations
'Property Virgins' Host Offers an... HGTV personality Egypt Sherrod offers insider tips on what home improvement projects to tackle first. (Hint: It’s not the kitchen or bath.)August 19, 2019Residential, Remodeling, Home Systems & Utilities
Yes, You Can Even Stage a Dorm Room!
Yes, You Can Even Stage a Dorm Room! You can also apply these tricks to decorating smaller areas in a home to appeal to younger generations. August 12, 2019By: Audra SlinkeyStaging
Making a Splash: 5 Cool Pool Trends for 2019
Making a Splash: 5 Cool Pool Trends for 2019 In the warmest days of summer, a backyard pool may be an enticing selling point. Here are tips for making them stand out. August 5, 2019By: Melissa Dittmann TraceyDesign Trends
A House of a Different Color: Hot or Not?
A House of a Different Color: Hot or Not? Colorful homes are starting to pop up across the country, in everything from a bright lilac to a cheery yellow. July 29, 2019By: Melissa Dittmann TraceyCurb Appeal, Design Trends
Make the Most of Your Landscape
Make the Most of Your Landscape The yard is the most important element of your home’s curb appeal. Make sure it stands out.July 22, 2019Staging, Curb Appeal
Hot Home Trend: Countertops Making Waves
By Melissa Dittmann Tracey, REALTOR® Magazine The speckled, spotted styles of granite countertops that have dominated kitchen design in recent years are moving out of the mainstream. In fact, those brown speckled granite countertops may even start to now age [...]
Staging Tip: Remove the Window Screens Prior to a Photo Shoot
By Melissa Dittmann Tracey, REALTOR® Magazine Besides a good window cleaning, there’s another way to boost your curb appeal and get those windows shining: Remove the screens. Home stagers love this trick, and it’s taken straight from the film industry. [...]
5 Steps to Creating the Perfect Outdoor Living Room
Submitted by the Outdoor Power Equipment Institute (OPEI) Photo credit: OPEI 1. Declutter & Clean The first step to sprucing up the outdoor living room is to clear dirt and clutter from the space. Store lawn equipment, children’s toys, and pet [...]
How to Prep a Yard for Spring Buying: 5 Tips
Photo Courtesy: OPEI By Kris Kiser, President & CEO of the Outdoor Power Equipment Institute (OPEI) As the spring selling season kicks into high gear, real estate and staging professionals can help their clients enhance their listings by creating an [...]
Staged to Sell: A Virtual Transformation
Photo Credit: VHT Studios / Chrissy Barrett The real estate professional: Cris Grayson, broker associate at Baird & Warner in Glen Ellyn, Ill. About the home: The five-bedroom home in Glen Ellyn, Ill., was built in 1975. The home has been [...]