A receiver is authorized to liquidate the 2.8-acre site adjacent to the Hillsboro Inlet that has a 25-slip marina and preliminary approval for a hotel and restaurant development.
Real Estate News
A Miami advisory board rejected a plan by high-profile developer Melo Group to build a 36-story building on an acre in a blighted area west of the Adrienne Arsht Center for the Performing Arts.
Reviewing a case a second time, the Third District Court of Appeal cuts off liability for unpaid homeowner association fees after foreclosure.
First-time homebuyers hurt by rising prices and tougher credit standards are disappearing from the market, slowing the pace of the three-year recovery.
Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums.
The shuttered Broward Correctional Institution, once home to Florida's death row for women, is up for sale: 66 acres on Sheridan Street near State Road 27.
United Teachers of Dade sells a 1.6-acre lot in Miami's Edgewater neighborhood but misses out on booming prices under a contract signed more than a year ago.
The 14-story Chase Bank Building at 150 SE Second Ave. last sold for $16.4 million in June 2012 at a slight discount from the mortgage granted by defunct Capmark Bank.
Florida is the only state that collects sales tax on commercial rent, levying a 6 percent fee that generates $1.2 billion in annual revenue.
Fairholme Capital Management's Bruce Berkowitz wants Fannie Mae and Freddie Mac to retain earnings rather than repay the Treasury Department.
Chief U.S. District Judge Federico Moreno has approved a $300 million settlement with JPMorgan Chase over forced-place homeowner insurance.
While tiny houses have been attractive for those wanting to downsize or simplify their lives for financial or environmental reasons, there's another population benefiting from the small-dwelling movement: the homeless.
The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country's most densely populated areas.
Jack McCabe predicts what will happen this year in the real estate market.
A developer plans $12.5 million in industrial development in response to new demand after five-year lull.
Bob Swindell, president & CEO of the Greater Fort Lauderdale Alliance sits down with Edward Pozzuoli, President of Fort Lauderdale based law firm Tripp Scott, to discuss economic development in Broward County.
Urban street retail is booming, while malls move to create live-work-play environments.
Sales of existing U.S. homes plummeted in January to the worst pace in 18 months. Cold weather, limited supplies of homes on the market and higher buying costs held back purchases.
Fannie Mae posted net income of $6.5 billion from October through December, its eighth straight profitable quarter. Fannie will have repaid its full government bailout after paying its fourth-quarter dividend.
Wall Street-backed landlords are showing a greater appetite for bad mortgages as a source for cheap property as the supply of foreclosed homes declines while housing prices continue to climb.
A strong push to recruit financial services firms has left West Palm Beach in need of Class A office space.
Boehner and his wife have bought a luxury $835,000 condominium in a 14-story tower known as The Tampico on Marco Island.
A trend of fewer homeowners refinancing their mortgages as interest rates climb is helping to curb sales of home-loan bonds without government backing. It's also making new notes being issued safer, according to Moody's Investors Service.
Despite the bleak report, economist Richard Moody assures, "The housing market recovery is still intact."
Colombian real estate investor Jorge Arevalo accused Coral Gables attorney Steve Cronig of cutting him out of a deal for a Brickell property.
Snowstorms last week helped reduce homebuyer traffic to its slowest pace since April.
Advised by Akerman lawyers, Faena Group and Access Industries get a $300 million construction loan for Faena House in Miami Beach from HSBC Bank USA.
Chicago-based Arnstein & Lehr signs a lease renewal and lease at the Southeast Financial Center in downtown Miami.
Two prominent South Florida developers are pursuing a joint venture to develop an oceanfront high-rise condo on two adjacent parcels in Sunny Isles Beach.
A Miami judge has awarded developer Mordechai Boaziz $21.5 million in a long-running fraud suit against a partner in several large real estate projects.
The developer of Fort Lauderdale beach's first condo building without a hotel component in 10 years is using equity to finance early-stage construction.
Edward J. Pozzuoli, President of Fort Lauderdale based law firm Tripp Scott, sits down with Broward County Commissioner Chip LaMarca to talk about the local economy and how the commercial and residential real estate market is coming back in Broward County.
After several years of confidence in other areas of discretionary spending, the rebound in shares of homebuilders may signal that investors are anticipating a stronger spring selling season.
The Fourth District Court of Appeal has reversed a foreclosure brought by JPMorgan Chase Bank against a Lake Worth woman on the bank's legal standing to sue.
Luxury condo developer Gil Dezer plans to build at least 600 residential units on the east side of his family's freshly acquired Intracoastal Mall in North Miami Beach.
The average rate for a 30-year fixed mortgage in the United States fell to 4.23 percent last week, an almost three-month low. The drop in borrowing costs means some buyers will purchase a home sooner than they had planned.
Investors spend $12.6 million for the former Preferred Exchange Tower in Coral Springs, and they have plans to invest $2 million on renovations.
Bell Partners buys Hillsboro Bay Club, a 15-year-old lakeside development with 366 apartments, fitness center, community theater, clubhouse, Internet cafe, tennis court, business center, walking trails and resort-style pool with sun deck.
Coral Gables-based construction giant Odebrecht USA is considering private development in addition to government projects.
Economist Lawrence Yun says home prices have risen faster than incomes and mortgage interest rates are higher, so "this is beginning to hamper housing affordability."
Five of the six largest New York leases since the end of 2012 have been renewals. Credit Suisse Group, Citigroup and UBS have all decided to stay put.
Construction crews are revamping the office space as part of a five-stage redevelopment of Plantation's long-shuttered Fashion Mall.
The number of available homes climbed on a year-over-year basis in each of the last four months of 2013 after 30 straight declines, according to the National Association of Realtors.
U.S. millionaires see real estate as the top alternative-asset class to own this year, according to Morgan Stanley.
Brokers expect an influx of short sales under a new state foreclosure law.
The Miami-Dade County commissioner failed to disclose a personal financial interest in the company that owns his district office building.
The estate called Palazzo Paradiso will be an eight-bedroom mansion with nine bathrooms, two powder rooms, a central courtyard with a fireplace and an eight-car garage.
Miami-Dade officials suggest a new stadium near the Perez Art Museum for former soccer superstar David Beckham's expansion professional MLS soccer team.
Expansion in West Kendall, Pembroke Pines and Plantation is part of the bank's focus on growth in Florida.
Hundreds of millions of dollars in mortgage-fraud settlements from JPMorgan Chase and other banks are providing a windfall to state attorneys general—and creating a new class of political winners and losers.
National Hockey League Commissioner Gary Bettman and his wife, Michelle, paid $3.125 million for a 5,432-square-foot condominium with six bedrooms and six baths in the small Palm Beach County community north of Boca Raton and south of Delray Beach.
U.S. construction spending rose modestly in December, slowing from healthy gains a month earlier.
The longtime NAI Global veteran will oversee South Florida expansion of the commercial real estate brokerage.
The owner of Wild Orchid Stables hopes to get a sweeter deal during the annual FTI Winter Equestrian Festival.
Located on heavily trafficked Flagler Street just a block from Biscayne Boulevard, Tre opened in 2010 on a site formerly occupied by a discount luggage store and has since been serving up what co-owner Jose Goyanes calls "Italian, but not typical classic Italian."
Growing demand and low interest rates encouraged builders to commit to double the number of apartments being delivered this year.
The residential condo association at the oceanfront resort received court approval to buy the property while negligence claims remain against the former owner.
The appellate decision kills a public referendum on the proposed nine-story, 378-unit Archstone at Palmetto Park project.
Today's purveyors of subprime call the loans "nonprime" and require as much as 30 percent down to safeguard their investment.
Caesars Entertainment Corp. and Hard Rock International are considering bids for Revel Casino Hotel, the Atlantic City property that went through bankruptcy last year.
American Homes 4 Rent, the second-largest single-family landlord in the U.S., has selected Goldman Sachs Group Inc. to arrange a bond backed by rental home payments.
The 6,900-square-foot house on a canal in the Hillsboro Isles community has been in foreclosure.
The S&P/Case-Shiller index of property prices in 20 cities climbed 13.7 percent from November 2012.
D.R. Horton Inc. said earnings rose 86 percent in the fiscal first quarter.
Cancer Treatment Centers of America is leaving Schaumburg, Ill., to put its headquarters in Boca Raton based on Florida's "favorable business climate."
Several South Florida developers are repositioning apartment complexes—originally developed as condos and converted during the market downturn—to offer the units for sale again.
Trade growth with Latin America and projections for higher post-Panamax Panama Canal traffic feed optimism in the Miami industrial market.
Sales of new homes fell in December for a second consecutive month but sales for all of 2013 climbed to the highest level in five years.
It took three years to assemble na 11-acre site that will house Van Tuyl Group Inc.'s new Honda dealership, the property will be the new home of Delray Honda.
The Houston Astros lease is up in Kissimmee in 2016. But community opposition to a Palm Beach Gardens site leaves the team open to options across Florida and Arizona.
Wall Street may sell more than $20 billion a year of bonds backed by rental homes as investors become comfortable buying securities tied to loans to small landlords, according to Ryan Stark, a director who runs mortgage finance at Deutsche Bank.
Larry Kennedy was rooting against the New England Patriots last week, and not just because they often beat his favorite team, the Buffalo Bills. He figured a Denver Broncos win would provide a better chance to make money renting out his Manhattan apartment for the Super Bowl.
The sale of retail space in downtown Fort Lauderdale's Waverly At Las Olas brought prices not seen in more than a year.
Developers can keep all kinds of escrow money handed over by condo buyers in a single account, the Florida Supreme Court rules.
A mutual fund adviser credited with redeveloping Rhode Island's waterfront property spends $13.4 million for a Palm Beach house.
The sale of Casa Fortuna marks the end of a dry spell for residential sales above $5 million in Broward County.
Purchases of previously owned homes climbed for the first time in five months thanks to job gains and healthier household balance sheets.
Average U.S. rates for fixed mortgages changed little this week.
A loan from BridgeInvest gives a landowner 18 months to sell or develop oceanfront parcels in Broward County and a 16-acre retail site in Palm Beach County.
Starwood Hotels & Resorts Inc. sold the St. Regis Bal Harbour Resort to a unit of Qatar's Al Faisal Holding Co.
Tracy Britt Cool is one of Warren Buffett's most-trusted advisers, traveling the country to assist a constellation of companies too small to command her billionaire boss's direct attention.
Marriott is buying lodging company Protea Hospitality Holdings for about $186 million.
Experts in the field say speed is worth more than money in current Miami real estate dealmaking.
Flooring company Floor & Decor leases 50,536 square feet in a Pembroke Pines shopping plaza previously leased by a JCPenney Home Store.
The Federal Reserve's unprecedented stimulus contributed to some of the biggest returns for money managers investing in mortgages, such as SkyBridge Capital, which invests $6.2 billion in hedge funds.
Paul Hornung, Hall of Fame running back for the Green Bay Packers, sells an oceanfront Boca Raton condo for about $1.98 million.
For the year, builders started 923,000 homes and apartments, up 18.3 percent from 2012.
Seven50 plan could change building rules and land use in seven Florida counties for the next 50 years.
We invite you to participate in the DBR Litigation Departments of the Year contests for the Tampa Bay and, or, South Florida region. Deadline for Tampa Bay is Jan. 6, 2014, and for South Florida, Jan. 17.
U.S. mortgage rates fell after a weaker-than-expected jobs report drove investors to the safety of the government bonds.
Default, auction and repossession notices in December fell 1 percent from the previous month and 28 percent from a year earlier, RealtyTrac said.
The Miami Beach City Commission is separating the massive $1 billion convention center redevelopment into separate items: the center renovation and construction of a hotel.
The Miami Beach City Commission removed a major stumbling block to the demolition of the property on 42 Star Island Drive by voting against its historical significance.
Medical centers are in high demand, thanks to aging baby boomers and and more certainty surrounding Obamacare.
Comcast signs a $2.6 million, 14,218-square-foot office lease in the Offices at Miramar Town Center for its advertising sales division.
William Kahn is new director of commercial leasing at NAI/Merin Hunter Codman.
Fannie Mae, the largest source of money for U.S. mortgages, sold $750 million of securities in its second offering of notes tied to the risk of homeowner defaults.
JPMorgan, Wells Fargo lose share to small rivals JPMorgan With Wells Fargo Lose Share To Small Rivals
The two largest U.S. home lenders are feeling the bite of competition from smaller firms as mortgage originations tumble at the fastest rate since 2011.
Four individual new construction projects, which would add more than 600 units of affordable rental housing to Miami's Overtown neighborhood, are in advanced stages of securing construction funding.