Real Estate News

Holiday Inn Port of Miami

Hotel Near Miami's Bayside Marketplace Sells for $65 Million

By Samantha Joseph |

Developer Gilberto Bomeny bought the 200-room Holiday Inn but has no plans to settle into the hospitality business.

Publix located at Doral Isles Plaza, 10715 NW 58th St.

Publix Affiliate Buys Wellington Retail for $53 Million

By Samantha Joseph |

Publix had a store at the Courtyard Shops at Wellington before buying the retail center with banks, a McDonald's and a service station.

Jeff Greene

Billionaire Jeff Greene Buys $24 Million Block in West Palm Beach

By Samantha Joseph |

Billionaire Jeff Greene buys three acres and plans to invest about $700 million more in downtown West Palm Beach.

Doral Office Price Doubles in Four Years

By Samantha Joseph |

The four-story Doral Commons building changs hands for $13.1 million, up from $6.3 million four years ago.

Robert Given and Gerard Yetming of CBRE have arranged the sale of a 6.6-acre development site near Midtown Miami.  AMLI Residential, a Chicago-based developer of luxury apartments, acquired the vacant land located between 2900 to 3010 N.E. 2nd Avenue, formerly a banana shipping facility, from Alex Vadia, Principal of Midtown Opportunities, for $55 million. AMLI has approved plans to develop +/- 700 apartment units on the site. Mr. Vadia previously paid $11.5 million for the property in 2011.

Old Chiquita Yard Sells for $55M in Miami's Midtown

By Samantha Joseph |

An apartment builder is paying more than $8 million per acre for Chiquita's former shipping site in Miami's Midtown neighborhood.

Miami Ranks High Tracking House Prices and Good Schools

By Samantha Joseph |

Good news for parents: The Miami area is among the best in the country when it comes to housing prices in areas with top-performing schools.

A new luxe condominium development is coming to Fort Lauderdale’s North Beach Village. The Wave on Bayshore won City Commission approval and will rise minutes from downtown Fort Lauderdale and Bonnet House Museum & Gardens.

18-Unit Luxury Condo Set for Fort Lauderdale Beach

By Samantha Joseph |

The $25 million Wave on Bayshore is set for Fort Lauderdale's North Beach Village.


Doubtful Settlement Extends Commercial Foreclosure Case

By Samantha Joseph |

Attorneys who wrongly assumed they'd reach an agreement canceled trial in a long-running foreclosure dispute over unpaid assessments at a Weston business park.

11/18/15-  Churromania Co-founders Ariel Acosta Rubio and Maria Alejandra Bravo

Churromania Rolling Out US Franchise Operation

By Monika Gonzalez Mesa |

The couple who began with a tiny storefront selling churros in Venezuela is working on expansion to 100 U.S. locations.

Rendering of Midtown Dora at 78 NW 107th Avenue. It will be a modern and futuristic looking mixed-use complex.

Doral is Now One of the Most Expensive Cities in Florida and Here's Why

By Samantha Joseph |

Once pastoral Doral makes a new list of the most expensive cities in Florida for single-family homes.

Beachfront Estate Sells for $16M Near North Palm Beach

By Samantha Joseph |

The 1.3-acre estate in the private Lost Tree community sells to a trust linked to apparel designer Elissa Raethe Kovas.

Roger A. Bernstein, with Bernstein Osberg-Braun, P.L.

Miami EB-5 Funding Goal Set as Congress Considers Changes

By Samantha Joseph |

Congress has two options in play for the EB-5 visa program that could affect plans to develop a block in Miami's affluent Brickell neighborhood.

SunTrust Lends $42 Million in Miami for Affordable Apartments

By Samantha Joseph |

The bank finances 77 affordable apartments in Miami's Allapattah neighborhood.

St. Tropez, 8280 Cleary Blvd, Plantation

Plantation Apartments Go for $89 Million

By Samantha Joseph |

Dallas-based Lincoln Property buts the St. Tropez complex for $235,638 per unit.

Florida, 33 Other States See More New Foreclosures in October

By Samantha Joseph |

Renwood RealtyTrac reports a 12 percent national increase in initial foreclosure filings.

703 Waterford Way

TIAA-CREF Sells $375M Stake in Waterford Offices

By Samantha Joseph |

Two powerhouse investors are forming a joint venture controlling a six-office complex in Miami-Dade County's Airport West market.

Rendering of Brickell View Terrace

Hundreds of Affordable Units Coming but Even More Needed

By Samantha Joseph |

Developers like Pinnacle Housing Group, are are set to bring hundreds of apartments to South Florida in the next year catering to families priced out of most the new product rising across the region.

SunTrust Lends $138 Million for West Palm Senior Housing

By Samantha Joseph |

About $77 million of the loan will fund construction of the Tower at MorseLife, while the rest will help renovate the Tradition of the Palm Beaches.

South Florida Developers, Brokers Adapting to Attract Asian Buyers

By Samantha Joseph |

Verzasca Group managing director Tim Lobanov is seeking brokers fluent in Mandarin to handle an expected rush of Chinese investors.

Dan Teixeira, vice president of business development at Douglas Elliman

He Completed the Deal by Turning Lemons Into Lemonade

By Samantha Joseph |

When plans fell apart to build the controversial 13-story Vintro Hotel on a small waterfront parcel in Fort Lauderdale, Douglas Elliman broker Dan Teixeira assembled two neighboring parcels and sold all three sites to a North Carolina developer looking to open a Marriott resort.

Ritz Carlton Key Biscayne

Biggest Real Estate Deals 2015

By Samantha Joseph |

Big or small, investors see value in the region's hospitality sector, spending freely for everything from a $493 million Ritz-Carlton to $1 million beach hideaways.

Diversified Aero Grabs 8-Year Lease in Doral

By Samantha Joseph |

Aircraft parts supplier Diversified Aero Services moved into Doral, signing an eight-plus-year lease valued at about $15 million.

 8989 Okeechobee Blvd.

Publix, ABC Fighting Supermarket Liquor Sales Bill

By News Service of Florida |

Companies with vested interests in standalone liquor stores like Publix and ABC are opposed by other big retailers pushing for supermarket liquor sales.

$12 Million Broward Land Sale Set for Apartments

By Samantha Joseph |

About 24 acres straddling the Lauderdale Lakes-Tamarac line is bought by Atlantic Pacific Development and set for 420 apartments.

South Florida Cities Missing From Leading Underwater Mortgage Markets

By Samantha Joseph |

But six other Florida markets are on a RealtyTrax list of areas with the most underwater mortgages.

St. Jude Melkite Catholic Church at 1501 Brickell Ave.

Church on Pricey Brickell Acre Wins Appeal Rejecting Historic Label

By Samantha Joseph |

The Third District Court of Appeal sides with the St. Jude Melkite Catholic Church and against the city and preservationists.


Clarion Call for Changes to Outdated Association Documents

By Michael E. Chapnick |

Outdated community association covenants and declarations mean foreclosing lenders can skip paying past owners' overdue fees, writes attorney Michael E. Chapnick.

Donald Trump.

Class Action Zeroes In on Trump for Club Refunds

By Celia Ampel |

Former members of the Ritz-Carlton Golf Club & Spa Jupiter dropped the club from a class action lawsuit alleging their deposits should have been refunded when Donald Trump took over.

Rick Tobin

Why Drug and Alcohol Rehab Center Operators Looking at Multifamily Housing

By Samantha Joseph |

Brokers like Rick Tobin say drug and alcohol rehabilitation center operators can quadruple rental revenue by adding beds for tenants in recovery programs.

Houston Investor Buys Sunrise Offices for $75 Million

By Samantha Joseph |

The buyer pays $215 per square foot for four office buildings in the Sawgrass International Corporate Park off the Sawgrass Expressway.

Five Lawyers Create Real Estate Firm

By Julie Kay |

The lawyers have joined forces to create a community association, real estate and banking law firm, Backer Aboud Poliakoff & Foelster, with offices in Boca Raton and Miami Beach.

Robert Kennedy, Marilyn Monroe and President John F. Kennedy

Banks Agree to Sale of Miami Beach Estate Many Believe to be the Spot of a JFK-Marilyn Monroe tryst

By Samantha Joseph |

A demolished Miami Beach mansion reportedly used for a JFK-Marilyn Monroe tryst will hit the market after years of litigation.

Miami Beach Oceanfront Acre Sells for $39 Million

By Samantha Joseph |

The Peebles Corp. sells to Chinese investors for $38.5 million next to the Deauville Beach Resort.

Marlins Park

Marlins Park Construction Lawsuit Claims Ejected

By Celia Ampel |

A Miami federal judge dismissed two employment claims filed by construction workers who helped build Marlins Park.

Top 5 Developments in Florida Law That Developers Should Know

By Jason Kellogg |

Changes in Florida law and litigation are affecting developers in a variety of ways, writes attorney Jason Kellogg.

Dale Dangremond and her attorney Tom Ice

Is This The Future for Law Firms? Ice Rolling Out Innovative Legal Representation Option

By Samantha Joseph |

Foreclosure defense attorney Thomas Ice is gearing up to launch a program to offer free legal services and allow clients to hire attorneys for piecemeal work, instead of entire cases.

HFF Handles $74 Million Sale in Downtown Naples

By Review staff |

A Miami-based team helped market the seven-building retail and office portfolio on an affluent downtown corridor in Naples.

House Looks at Swapping Property Taxes With Higher Sales Taxes

By News Service of Florida |

A House committee is looking at ways to replace property taxes with a higher state sales tax.

Thor Drops Another $42 Million in Miami's Wynwood

By Samantha Joseph |

New York investor, Thor Equities, extends its Wynwood buying spree with its acquisition of three properties.

Lincoln Road

One Day Late on Lincoln Road Rent, and You're Outta Here

By Samantha Joseph |

A South Beach landlord will double its rent after evicting a tenant to make room for Steve Madden's shoes.

The Shops at Sunset Place, 5701 Sunset Dr, South Miami

Investors Drop $94 Million Into South Miami's Sunset Place

By Samantha Joseph |

The new owners of CocoWalk just spent $94 million buying a majority stake in the Shops at Sunset Place in South Miami.

Why Norman Braman is Giving up on SkyRise Lawsuit

By Celia Ampel |

Auto magnate Norman Braman withdraws as a plaintiff in a lawsuit against the city of Miami over a $9 million subsidy for the planned SkyRise tower in downtown Miami.

Rendering of Auberge Beach Residences and Spa

Related Gets FAA Approval for Two Tall Miami Projects

By Samantha Joseph |

The Federal Aviation Administration has given height approval for six towers near the Miami International Airport flight path.

Boca Raton Apartments, Office Sell for $108 Million

By Samantha Joseph |

A long-term investment hold pays off for developer Ram Realty Services, which closed on two Boca Raton transactions within a week.

Appellate Ruling Protects Buyers of Homes Sold As Is

By Oscar R. Rivera |

A state appeals court rules sellers are obligated to disclose known hidden defects even when houses are sold as it, writes attorney Oscar R. Rivera.

One Sotheby's Takes Over South Beach Brokerage

By Samantha Joseph |

Luxury real estate brokerage One Sotheby's just scooped up the 70-agent South Beach International Realty.

Cabinet Asked to Wrangle Two Ranches for Conservation

By News Service of Florida |

The governor and state Cabinet are being asked to approve ranch purchases in Collier and Seminole counties.

Miami Mortgage Lender Gets 11 Years for Fraud

By Celia Ampel |

The owner of a Miami mortgage company has been sentenced for running a $64 million mortgage fraud scheme.

Carlisle's Co-Founder Wants Trial on Housing Fraud Charges

By Samantha Joseph |

Carlisle Development co-founder Lloyd Boggio, who is accused of misusing $26 million in federal tax credits and grants, wants his day in court on federal fraud charges.

Miami Developer Pleads Guilty in $30 Million Affordable Housing Scam

By Samantha Joseph |

Matthew Greer, former CEO of Carlisle Development Group, pleaded guilty to two counts of conspiracy to commit theft of government money in a fraud involving 10 low-income housing developments.

Knee-Jerk Reaction in Foreclosure Case Costs Association $35,000

By Michael L. Hyman |

Attorney Michael L. Hyman writes about a condominium association in a foreclosure case that was ultimately done in by its own initial pleadings stating that it was entitled only to a capped amount.

Construction Defect Defendants Using ABCs to Minimize Payments

By Jeffrey S. Berlowitz and Jordan G. Weinkle |

Assessing the strength of an association's construction defect claim against a debtor company filing an ABC requires a unique blend of bankruptcy law and community association law knowledge, write attorneys Jeffrey S. Berlowitz and Jordan G. Weinkle.

Calum Weaver

Huge Lincoln Road Acquisition Boosts Neighboring Properties

By Samantha Joseph |

South Beach's largest apartment portfolio hits the market, offering 240 units near Lincoln Road.

2 Acres Sell for $23.5M in North Miami Beach

By Samantha Joseph |

Two developers plan to turn a strip club into a high-density, mixed-use project at Biscayne Boulevard and 163rd Street.

Charles Penan and Howard Taft

Vacant Warehouse Deals Show Value in Miami's Wynwood

By Jennifer LeClaire, |

Aztec Group director Charles Penan and senior managing director Howard Taft arranged nearly $10 million in loans for two Wynwood warehouse properties.


This Florida Supreme Court Ruling is a Setback for Mortgage Lenders in Foreclosure Cases

By Samantha Joseph |

The Florida Supreme Court rules the Bank of New York Mellon waited too long to challenge a judgment favoring a Hallandale Beach condo association in a foreclosure case.