County hires CallisonRTKL to design redevelopment of BB&T Center property
BBT Center in Sunrise Broward County hired CallisonRTKL to design the phased, mixed-use master plan for the redevelopment of the county’s 140-acre BB&T Center property in Sunrise. The Coral Gables office of CallisonRTKL will design office, residential and hotel properties, [...]
Affiliate of Silva Construction plans four-story condominium in Lauderdale Lakes
A company linked to Miami Lakes-based Silva Construction Group plans to build a four-story condominium in Lauderdale Lakes. Casa Lake LLC, managed by Adelino Agostinho of Silva Construction, plans to build the condominium on the southeast corner of Northwest 37th [...]
Redfin: Online search activity among homebuyers is heaviest on weekdays
(Credit: iStock) People shopping for a home to buy are most likely to search online during a work day, according to Redfin. The Seattle-based national brokerage firm found that Friday at 10 a.m. is the peak time of the week [...]
NAR survey shows Realtors make above-average donations of time, money to charity
(Credit: iStock) Driven by more than just listings and commissions, Realtors donate above-average amounts of time and money to charity, according to a report by the National Association of Realtors (NAR). The NAR reported that 82 percent of Realtors give [...]
Trulia: Hottest housing-market conditions will move inland from coasts in 2019
(Credit: iStock) Housing markets in coastal cities have been the hottest in recent years, but Trulia predicts that the top markets in 2019 will be inland cities where homes are more affordable. San Francisco-based Trulia, a provider of online guides [...]
HUD gives housing groups $23M to fight discrimination
Ben Carson (Credit: Getty Images, iStock) The Department of Housing and Urban Development awarded nearly 80 groups with $23 million to investigate housing discrimination. The funds are being provided through HUD’s Private Enforcement Initiative program, which awards grant money to [...]
How real estate mogul Mike Meldman got into the tequila business with George Clooney
From left: Mike Meldman, George Clooney and Rande Gerber at the Casamigos House of Friends Dinner on June 8, 2018 in Hollywood, California (Credit: Getty) George Clooney’s birthday golf trips ended up working out very well for real estate tycoon [...]
Multifamily investors should keep an eye on this market
(Credit: iStock) Multifamily investors looking for places to put their cash may want to consider workforce housing. The market — which is rental communities for low- to median-income workers — has outperformed the broader multifamily market, according to a new [...]
Investors are flipping units at Kolter’s sold-out condo in downtown St. Petersburg
Rendering of ONE St. Petersburg Some pre-construction buyers are flipping units at a sold-out, 41-story condominium in downtown St. Petersburg. West Palm Beach-based Kolter Group, the developer, sold all 253 units before finishing the condo building, called ONE St. Petersburg, [...]
Locals create a buzz during Art Basel in Miami for works on climate change
(Credit: iStock) Many artists use their work to convey messages about climate change, especially during Art Basel, the annual exhibition event in the Miami area that attracts art creators and collectors from around the world. But this year, the most [...]
LendingTree: 12% of home buyers who make interstate moves head for the South
(Credit: iStock) A migration study by LendingTree shows that 12.1 percent of American home buyers who move to a different state choose one in the South. Most Americans who relocate to a different state choose one that borders the state [...]
Former Heat player Chris “Birdman” Andersen lists two Miami condos for sale
Chris “Birdman” Andersen (Source: Wikipedia) Former Miami Heat player Chris “Birdman” Andersen listed two nests at a Miami condominium for sale for a total of $1 million. He listed a couple of two-bedroom, two-bathroom units at Marinablue, a 57-story, Arquitectonica-designed [...]
Some luxury condo developers add landing pads for flying cars
(Credit: iStock) As the development of personal transportation drones advances, landing pads are emerging as the latest must-have amenity at condominiums for the wealthiest buyers. For example, three luxury condos will feature flying-car landing pads in Miami, where the 1 [...]
Inside look: TRD tours Zaha Hadid’s One Thousand Museum
One Thousand Museum is months away from opening and The Real Deal got an inside look at the progress to date. Construction on the 62-story luxury condominium building is expected to wrap up by March 2019. Housing 83 units, the [...]
Restoration of Walt Disney’s childhood home revealed
Walt Disney (Credit: Getty, Walt Disney Birthplace Restoration) The owners of Walt Disney’s childhood home on Chicago’s North Side celebrated the completion of a years-long restoration of the property this week — on Disney’s birthday. The rededication ceremony Wednesday night [...]
Miami penthouse featured in ‘War Dogs’ up for grabs
A 4,498-square-foot Miami penthouse featured in the 2016 film “War Dogs” has been listed for sale for $4.495 million. The film, which starred Jonah Hill and Miles Teller, was based loosely on the true story of two men who won [...]
Placester, tech platform for real estate professionals, slashes staff amid shakeup
Matt Barba and Omar Hussain. (Credit: Placester) Real estate tech platform Placester, which was valued at $200 million last year, has laid off more than 100 employees in a companywide restructuring that will return it to “development mode.” Changes at [...]
National Cheat Sheet: Compass hires CTO, Brookfield set to buy Forest City … & more
Clockwise from top left: Brookfield Asset Management set to close on combination with Forest City Realty Trust, Compass taps AI expert Joseph Sirosh to be its new chief technology officer, FAO Schwarz to open toy store at Chicago Midway International [...]
Industrial development slowing slightly nationwide, after strong growth: report
(Credit: iStock) The number of industrial buildings coming online nationally slowed slightly in the first nine months of 2018, after several years of strong growth. A total of 237 million square feet of new industrial space was delivered across the [...]
Boca developers say city’s housing study bucks property owners’ rights
Rendering of Midtown Boca and Angelo Bianco, Crocker Partners’ managing partner The ongoing saga continues between the Boca Raton City Council and two developers that have taken legal action. A nearly year-long study commissioned by the city has recommended against [...]
Ask a real estate pro: Yes, probate is tricky — but you can make it easier
Q: I inherited two lots in Florida from my mother who recently died. Her estate was probated in South Carolina, and she left everything to me. The Florida tax bills still show the property is in her estate. How do [...]
Sam Zell’s Equity Residential issues $400M in green bonds
Sam Zell Credit: Getty Images, iStock) Sam Zell may be a bit skeptical about climate change, but he nonetheless may profit from it. Zell’s Equity Residential issued $400 million in green bonds, according to a company press release. The issuance, [...]
EB-5 visa program extended…until Dec. 21
(Credit: iStock) The federal EB-5 visa program received another extension as part of the larger federal spending bill, this time until Dec 21. EB-5 had been set to expire on Dec. 7. Congress now has two weeks to decide whether [...]
Give the gift of TRD this season!
‘Tis the season to spread joy throughout the real estate industry, and how better to do it than with a digital subscription to The Real Deal? GIFT TRD Help the insiders on your list stay a step ahead of the [...]
“The time to sell is now”: One Sotheby’s agent letter to Brickell condo owners stirs anger
Hector de la Canal, the flier and One Brickell When Miami broker David Landau opened a letter at his Brickell on the River North condo late last month, it had an alarming message to residents. A new construction project would [...]
On the scene: Architects, designers and developers kick off Miami Art Week & more
57 Ocean developer hosts Arquitectonica book signing Miami-based architecture and design firm Arquitectonica kicked off Miami’s Art Week with a panel and book signing hosted by 57 Ocean developer Multiplan Real Estate Asset Management. Multiplan, led by Brazilian billionaire José [...]
Brightline Revenue Jumped 50% In November
Demand is skyrocketing for Brightline’s passenger rail service connecting Miami, Fort Lauderdale and West Palm Beach, according to the company’s Monthly Revenue and Ridership Report... (RSS generated with FetchRss)
Construction Permit Filed For At Brickell’s 613-Foot Una Tower
Developers of Brickell’s Una tower have filed for a construction permit. The permit was filed for on November 30, and appears to be a dry... (RSS generated with FetchRss)
Demolition Permit Filed At Perricone’s Marketplace, Along With Construction Permit For…
Perricone’s Marketplace in Brickell is one step closer to being demolished after the owner of the property applied for a demolition permit. CitizenM Miami Brickell Properties,... (RSS generated with FetchRss)
Berkowitz Contemporary Foundation Reveals Plans For Building & Public Plaza In Edgewater
Berkowitz Contemporary Foundation has unveiled plans for a new building on Biscayne Boulevard in Edgewater. Rene Gonzalez Architects is designing the 45,000 square foot structure,... (RSS generated with FetchRss)
Galium Capital JV buys Palm Beach Gardens office building
3001 PGA Boulevard and Jacques Bessoudo Galium Capital and joint venture partner Owens Realty Capital just paid $25.1 million for a Palm Beach Gardens office building anchored by Seacoast National Bank. The 67,500-square-foot building at 3001 PGA Boulevard traded for [...]
TRD SoFla’s winter issue is coming soon!
TRD South Florida’s Winter issue drops in December. The Real Deal South Florida’s winter 2018 issue is almost here, and it’s jam-packed with juicy stories and rankings. On December 14th, digital subscribers will get first dibs on reading the magazine, including our examination [...]
Billionaire Mike Fernandez buys penthouse at Park Grove
Mike Fernandez and Two Park Grove (Credit: Wikipedia and Curbed) Billionaire Mike Fernandez paid more than $6.4 million for a penthouse at Park Grove, a three-tower complex being developed by the Related Group and Terra. Fernandez, a Coral Gables businessman [...]
Dubai’s biggest developer is struggling to win over investors
Shares of Emaar Properties PJSC have plunged 39 percent this year. (Credit: iStock) Investors aren’t impressed with Dubai’s biggest developer. Shares of Emaar Properties PJSC, which developed the Burj Khalifa skyscraper, have plunged 39 percent this year, Bloomberg reported. It’s [...]
New towers give buyers more options, offering hotel rooms and condos
Up in the downtown sky, look: Are those new high-rises meant to be hotels or condo buildings? More and more, you’ll see towers that combine both things. These dual-purpose mega towers are on the rise across South Florida, serving the [...]
Photos: Newly Completed University Of Miami Architecture School By Arquitectonica
This is the new Thomas P Murphy Design Studio Building at the University of Miami. The 20,000 square foot structure features warped concrete and hurricane resistant glass. It was designed by Architectonics’s Raymond Fort, who served as faculty at UM, according [...]
Miami, destino de nuevas inversiones inmobiliarias y hoteleras
Los compradores extranjeros adquirieron 15.400 propiedades por un total de US$ 7.200 millones. Por haberse convertido en un centro financiero global, la ciudad de Miami sigue concentrando gran cantidad de inversiones, tanto en edificios para uso residencial como en [...]
Appeals court overturns Airbnb victory against city of Miami
Miami Mayor Francis Suarez A new development in the ongoing fight between the city of Miami and Airbnb has both sides claiming victory. The Third District Court of Appeals ruling on Wednesday overturned a lower court injunction that prevented the [...]
Kushner Companies bought $13M of NJ beachfront that qualifies for Opportunity Zone tax breaks
Charlie Kushner (Credit: iStock) Kushner Companies will stand to gain significant tax benefits if it chooses to develop a piece of New Jersey beachfront located in an Opportunity Zone, a key feature of the Trump administration’s tax overhaul last year. [...]
House tax bill contains early holiday gifts for homeowners
December is mega-tax-bill time on Capitol Hill, when legislation loaded with gifts and goodies for special-interest constituents moves ahead for action before the end of the year. House Republicans have … Click to Continue »