Real Estate News

NBCUniversal’s Telemundo has announced a long-term, build-to-suit lease for its new global headquarters in Miami, at Prologis Beacon Lakes, a 478-acre business campus northwest of Florida’s Turnpike and the Dolphin Expressway.

Telemundo's New Home Comes With Record Lease

By Carla Vianna |

The NBCUniversal network signs a historic build-to-suit lease for its new global headquarters in western Miami-Dade County.

Michelle Ash, CEO, Simply Marinas & Ash Property Group, at Hurricane Harbor Marina

Take Me to the River: Demand Swells for Miami River Sites

By Samantha Joseph |

Real estate broker Michelle Ash has traded more than a dozen marine sites—some more than once—on the Miami River as demand heats up for both developable waterfront lots and shipping sites.

Role of Millennials in Real Estate Focus of UM Conference

By Carla Vianna |

Industry veterans are featured speakers at a conference that attracted about 500 attendees and dispelled the myth that millennials mostly shop online.

received 2/16- Terra – the Miami-based development firm has unveiled plans for its newest commercial development Pembroke Pines City Center, a 47-acre mixed-use project will bring retail, restaurant and residential uses to one of Broward County’s most desirable suburbs. .

Terra Building Mixed Use at Pines Civic Center

By Carla Vianna |

Miami-based Terra Group plans for 450 apartments and 325,000 square feet of commercial space at the Pembroke Pines City Center.

$115M Construction Loan Issued for Miami Midtown Condos, Hotels

By Carla Vianna |

The Related Group and Dezer Development nab the loan for the condominium and hotel project being built in Miami's Midtown neighborhood.

3995 N. Miami Ave., Miami

Thor Equities Sells Miami Design District Properties for $128 Million

By Carla Vianna |

New York-based Thor Equities sells much of its Design District holdings to RedSky Capital, a Brooklyn-based real estate company.

2/8/16-  Attorney Richard Lubliner of Greenstein & Associates in West Palm Beach

Valley National Bank Sues to Determine Control of Greenacres HOA

By Samantha Joseph |

A Palm Beach circuit judge is being asked to unravel fraud claims to determine which of two rival boards will control a homeowner association with about $500,000 in its accounts.

Commercial Construction Starts Drop 8 Percent in 2015

By Carla Vianna |

Commercial and multifamily construction activity kicked back in 2015, decreasing 8 percent year over year in Miami-Dade and Broward counties.

2012-  Fort Lauderdale- Hyatt Pier 66, 2301 SE 17th St, Fort Lauderdale, FL

Blackstone Group Selling Fort Lauderdale Landmark Hotel

By Carla Vianna |

The 384-room Hyatt Regency Pier Sixty-Six resort and marina is on the market and expected to sell for $200 million to rank it among top hotel deals seen in South Florida.

Fort Lauderdale skyline

Pharma Exec Buys $17M Fort Lauderdale Mansion

By Samantha Joseph |

The waterfront mansion in the Rio Vista Isles neighborhood sold for $1,319 per square foot.

3/15-   Marshall Burack, partner, at Kopelowitz Ostrow

Larkin Buys Hialeah's Palm Springs Hospital for $40 Million

By Carla Vianna |

Larkin Community Hospital adds 247 beds with the purchase of Palm Springs General Hospital in Hialeah.

Renters Eye Suburbs; Investors Follow Them

By Paul Bubny, GlobeSt.com |
2014-  Liberty Square housing in Liberty City neighborhood of Miami, Fl.

Developer to be Picked for Large-Scale Redevelopment of Miami's Liberty City

By Carla Vianna |

Two South Florida developers are submitting revamped proposals for the Liberty Square affordable housing project for a final selection by the Miami-Dade County Commission.

2011- John Moore, partner with Pathman Lewis in Miami.

Suspended Owners Seek Cut of Surf Club Redevelopment

By Samantha Joseph |

A long-running dispute over the distribution of proceeds from the sale of the ritzy Surf Club has become "a test of wits" for the lawyers, according to club attorney Robert Zarco, who said former members filed a 227-page lawsuit with 30 causes of action to intimidate the other side.

11/15-  Marina Palms Yacht Club & Development North Tower, completed and mostly sold.

Not a Bubble or Crash: Experts Evaluate South Florida Condo Sales Slowdown

By Carla Vianna |

New condos may take longer to break ground as luxury sales dip and the cycle slows, but those getting construction loans are poised to remain on track this year.

6/2015-  Miami Beach-  View of Lincoln Road Mall from Meridian Ave looking east.

Lincoln Road Store Sells for $6,500 Per Foot

By Carla Vianna |

The Miami Beach strip lures another multimillion-dollar buyer. Canada's ALDO Group purchased a small retail property for $35 million.

Ugo Colombo

Ex-Partners Claim the Other Pulled Out of Real Estate Deal

By Samantha Joseph |

Former partners Ugo Colombo and Masoud Shojaee are embroiled in a lawsuit over the proposed Collection Residences in Coral Gables.

1300 Brickell Bay Drive

Small Miami Apartment Building Gets Loads of Zoning Attention

By Carla Vianna |

Residents on Brickell Bay Drive are petitioning against rezoning of a building in the Brickell Financial District that has been dubbed a Miami 21 code mistake.

Hedge Fund CEO Offers Miami Beach Condos for $73 Million

By Carla Vianna |

The Faena House condominium — the priciest residential deal in South Florida last year — is back on the market for more.

Armando Codina

Developer Armando Codina Still Has Local Focus

By Samantha Joseph |

Powerful developer Armando Codina says he survived the real estate crash by investing close to home in South Florida.

Lennar Spends $41 Million on More Hialeah land

By Carla Vianna |

The Miami-based homebuilder adds to its recent purchases in northwest Miami-Dade County.

received 1/26/16- Gibson Plaza, composed of 56 senior housing units — 50 affordable and six market-rate — the nearly $15 million multifamily development is also home to the Gibson Center, an education facility run by Miami Dade College.The affordable housing project opened Jan. 20 at 629 Grand Avenue in Miami’s West Coconut Grove neighborhood, with all 56 apartments leased. .

With Demand High, Developers Delivering Affordable Housing

By Carla Vianna |

Stagnant personal income and escalating rents mean Miami-Dade County needs more affordable housing, and several developers are delivering.

Developer Buys Miami Parking Garage for $16 Million

By Carla Vianna |

Terra Group closes on the Miami Parking Authority's Oak Avenue Garage across the street from its luxury Park Grove development in Coconut Grove.

$57 Million Loan Issued on Doral Luxury Apartments

By Carla Vianna |

AMLI Residential gets a $56.9 million loan for its 14.5-acre AMLI Doral luxury apartment complex.

received 1/26/16-  About 14 acres on Hillsboro Beach’s Millionaires Mile are headed for the auction block and expected to trade for about $80 million in a bankruptcy court-ordered sale.

14-acre Property on Millionaires' Mile Expected to Sell for $80M

By Samantha Joseph |

About 14 acres on Hillsboro Beach's Millionaires' Mile are headed for the auction block and expected to generate about $80 million in a bankruptcy court-ordered sale.

Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, speaks during a Liberty University Convocation in Lynchburg, Virginia, U.S., on Monday, Jan. 18, 2016. Real Clear Politics average of recent opinion polls show Trump running marginally ahead of Senator Ted Cruz in Iowa but holding a bigger lead in New Hampshire. Photographer: Drew Angerer/Bloomberg

Trump Attorneys Fight Condo Deposit Appeal

By Samantha Joseph |

Attorneys for would-be condo buyers claim Donald Trump's legal team confused jurors about the real reason behind a failed Fort Lauderdale project.

Mark Gilbert, executive vice president, Cushman & Wakefield of Florida

Cushman & Wakefield Team Handles $117M Sale of Marketplace at the Outlets

By Mary Hladky, Special to the Review |

Brokers coordinated multiple rounds of bidding for the retail center next to the Palm Beach Outlets.

01/22/15-  Miami- Drawbridge opens on Brickell Ave. in Downtown Miami.

Tired of Waiting for Miami Drawbridge? Help May Be Coming

By Carla Vianna |

Miami's Downtown Development Authority is pushing to cut aggravating rush-hour openings of the Brickell Avenue drawbridge.

John Lennon's former house, 720 S. Ocean Blvd, Palm Beach, Fl.

Lennon's Palm Beach Estate Sells for $23 Million

By Samantha Joseph |

John Lennon's former Palm Beach oceanfront mansion sells for more than $23 million.

Burger King is scheduled to complete its new headquarters with sustainable designs by the third quarter of 2018.

Burger King leases New Miami Home for $83 Million

By Samantha Joseph |

The new home of the Whopper will be a standalone office building in Miami's Airport West submarket, near its current home.

4th DCA Favors Homeowners as It Plows Trhough Foreclosures

By Samantha Joseph |

Four foreclosure cases this week came out in favor of homeowners in the West Palm Beach-based Fourth District Court of Appeal.

$21 Million Loan Covers Jockey Club Expansion in North Miami

By Carla Vianna |

The loan from Toronto's Romspen Mortgage paves the way for a mixed-use project that will reinvent the condo complex.

Rendering of the Mana Wynwood Special Area Plan proposed by Moishe Mana.

30-Acre Wynwood Redevelopment Requires Miami Zoning Approval

By Carla Vianna |

As Moishe Mana moves forward with his ambitious special area plan for a 30-acre project in Miami's Wynwood arts district, the more than 30 properties the New York developer acquired downtown await their own revival.

Ex-NHL Star Federov Sells Penthouse for $11 Million

By Carla Vianna |

The four-bedroom Miami Beach penthouse was sold by the retired hockey star, who was involved in yearslong litigation over the property.

Natural Cycle: Foreclosure Law Firms Pulling Back

By Julie Kay |

As foreclosure work has dried up, lawyers on both sides of cases have watched their business plummet. Some courts have dismantled their foreclosure divisions.

Firm Financials

South Americans Top Foreigners Buying Miami Homes

By Carla Vianna |

Brazil led foreign buyers searching for Miami-area real estate, the Miami Association of Realtors reports.

Slide shown by Anthony M. Graziano, senior managing partner, Integra Realty Resources, during presentation of the 2016 retail report to Miami's Downtown Development Authority (DDA).

Report: Downtown Miami's Retailers Have Rosy Future

By Carla Vianna |

A new market report confirms that Greater Downtown Miami's retail market is looking positive and poised to expand further in the next three to five years.

Setai Miami Beach

No More Anonymity for Cash Buyers of Luxury Miami-Dade Homes

By Carla Vianna and Celia Ampel |

The U.S. Financial Crimes Enforcement Network is requiring title insurance companies to disclose the names of cash buyers behind luxury residential deals in Miami-Dade County.

Sunset falls over the Florida Supreme Court building

New Rules Flows From Foreclosure Law Change

By Samantha Joseph |

The Florida Supreme Court formalizes changes in state law on foreclosure cases.

Diego Ojeda

Two Acres in Dadeland Sell for $13 Million, Housing to Come

By Samantha Joseph |

A Miami developer plans to build hundreds of apartments near the Dadeland Mall after closing a $13 million land deal.

3 Companies Shut Down in Loan Scheme

By Celia Ampel |

A Broward judge shut down three companies accused of operating a loan scheme.

Erica Stowers

Boat Show Showing Leads to $1.55 Million House Sale

By Samantha Joseph |

A house tour duing the Fort Lauderdale boat show brought in buyers for a luxury waterfront bungalow in the Riviera Isles neighborhood.

Weston Office Complex Sells for Nearly $115 Million

By Carla Vianna |

Weston Pointe, a four-building office campus in Weston, sold for $114.8 million, or about $296 per square foot.

Artist rendering of Buena Vista

Miami's Buena Vista Getting Attention From Developers

By Carla Vianna |

The neighborhood north of the Design District is attracting low-scale development backed by international developers, promising to bring European flair to the residential area.

Michael A. Silva

US Withholding Going Up for Foreign Sellers of Real Estate

By Monika Gonzalez Mesa |

Closing agents soon will need to withhold more from foreign sellers than pre-printed contracts indicate for real estate worth more than $300,000.

The Miami skyline in 2014 with Brickell on the left and Downtown to the right.

Hotel Rooms Come Online as Miami Sees More Visitors

By GlobeSt.com |

An increase in visitors to Miami coupled with a number of major new mixed-use and retail projects are fueling demand for new inventory of hotel rooms.

Michael Feldman, CCIM, Director, Cushman & Wakefield

Cushman & Wakefield Adds Professional Office Exec in West Palm

By Samantha Joseph |

Cushman & Wakefield continues its aggressive South Florida expansion, snapping up Michael Feldman, who specializes in medical and professional office properties.

It's Back to Work for GOP-Controlled Florida Legislature

When he stood before the Florida Legislature for the sixth time on Tuesday, Gov. Rick Scott repeated the same message he has given every year since he took office: It's all about jobs.

Absentee Landlord Scammed When Someone Else Leased Homes

By Samantha Joseph |

Three men face fraud charges for allegedly tricking tenants into renting 80 houses in Broward and Palm Beach counties with papers listing a landlord with a similar name.

Realtors Push Lawmakers to Shrink Lease Tax, Fund Affordable Housing

By Carla Vianna |

The legislative agenda for Florida's real estate industry includes reducing a sales tax on commercial leases, increasing funds for affordable housing and capping a controversial estoppel certificate fee.

Best Western and Shuckers Bar & Grill, 1819 79th Street Causeway, North Bay Village, sells to Canadian investors in $32 million hotel deal.

Bayfront Shuckers, Best Western Sell for $32 Million

By Samantha Joseph |

North Bay Village's iconic Shuckers Waterfront Grill sells to Canadian investors in a $32 million hotel deal.

Howard Taft

Lenders Drop $305 Million on Mall, Condo Construction Loans

By Carla Vianna |

Notable South Florida developers get funding for Aventura Mall expansion and construction of an oceanfront condo tower in Miami Beach.

Office Turnaround Comes With 88 Percent Sale Premium

By Samantha Joseph |

Steelbridge divests an Aventura office building for nearly twice its original purchase price after a three-year hold.

South Miami Tower Trades for $40 Million

By Carla Vianna |

A South Miami office tower sold for nearly $400 per square foot at year's end to Texas-based USAA Real Estate Co.

Albert Dotson with the Miami office of Bilzin Sumberg

Commercial Project Closer to Reality Near Coconut Grove Metrorail Station

By Carla Vianna |

A lease secured between Miami-Dade County and a local developer is the first step in launching a long-anticipated project on a prime real estate site caught in ongoing litigation.

4395 Pine Tree, Miami Beach

Spec Mansion in Miami Beach Sells for Almost $20 Million in 10 Days

By Samantha Joseph |

It took builders only 10 days to sell a five-bedroom showpiece mansion in Miami Beach for $19.5 million.

Modera Town Center, 11575 City Hall Promenade in Miramar.

Miramar's Modera Multifamily Sells for $120 Million

By Samantha Joseph |

A New York investor pays $246,000 per unit for the 487-unit complex in the Miramar Town Center.

Mashta Point, originally built by William J. Matheson as his private cove and deepwater anchorage when he owned much of Key Biscayne, sold for a record $47 million

Key Biscayne Estate Sale Ties Record at $47 Million

By Samantha Joseph |

The five-story Mashta House facing Miami is nearly surrounded by water and has its own private cove.

Top 10 Commercial Real Estate Investing Strategies for 2016 - From Executive Managing Director of Paramount Capital Corp.

By Commentary by Joseph Ori |

Where will the great opportunities to invest be in 2016? Joseph Ori, executive managing director of Paramount Capital Corp., took a stab at answering that question.

5800 N. Bay Rd., Miami Beach

Here's a Look at the Most Expensive South Florida Home Sales in 2015

By Samantha Joseph |

It was a very good year for South Florida ultra-luxury real estate, if the landmark sales are any indication.

Rendering of Park Grove at 2701 S. Bayshore Dr.

Related Group Lands $359M for South Florida Construction

By Samantha Joseph |

The Related Group secures construction loans for three projects in Miami's Coconut Grove and Edgewater neighborhoods and Fort Lauderdale.

Lennar Buys Hialeah Acreage From BBX for $24 Million

By Samantha Joseph |

Lennar Corp. buys 36 acres of land from BBX Capital Real Estate for 463 single-family homes, villas and townhouses at Bonterra in Hialeah.

355 Alhambra Circle, Coral Gables

Prudential Unit Buys Gables Office Tower for $83 Million

By Samantha Joseph |

The sale of the tower at 355 Alhambra Circle amounts to $370 per square foot.

The outside offices of Elizabeth R. Wellborn, a foreclosure firm- 1701 W. Hillsboro No. 307, Deerfield Beach 33442

Deerfield Beach Foreclosure Firm Behind on Rent When Evicted

By Julie Kay |

Elizabeth Wellborn closed her Deerfield Beach foreclosure law firm after being evicted for nonpayment of $109,221 in rent, a lawsuit said.

Isles At Lago Mar at 673 Vista Isles Dr, Plantation.

CREC Closes Unusual Sunrise Bulk Condo Deal

By Jennifer LeClaire, GlobeSt.com |

CREC handles the $17 million sale of 141 units in the 692-unit Lago Mar condominium complex in Sunrise.

Glen H. Waldman

Court Reverses $20M Marriott Verdict on Bahamian Marina Construction

By Celia Ampel |

Marriott International wins the reversal on claims over the ill-fated construction of a Ritz-Carlton resort in the Bahamas.

JLL Buys Cresa South Florida to Expand Regional Real Estate Presence

By Monika Gonzalez Mesa |

Chicago-based JLL purchases Cresa South Florida to broaden real estate services for businesses seeking to expand in the region.

Clarion Sells Boca Bank Tower for $36 Million

By Review staff |

The eight-story Bank of America Tower in downtown Boca Raton sells for $326 per square foot.

The Miami skyline in 2014 with Brickell on the left and Downtown to the right.

Demographic Changes Make Miami a Retail Mecca

By Jennifer LeClaire, GlobeSt.com |

Cushman & Wakefield senior director Greg Masin said in the retail market, "this is an exciting time to be in Miami."

Suit Says Death Caused by Defective Hip Transplant

By Samantha Joseph |

Joseph Osborne said a hip replacement manufacturer's negligence put his client's mother on the operating table unnecessarily. The mother died during surgery.

Developer Gary Cohen

Developer's $225 Million Suit Against Aventura Neighbors Dismissed

By Samantha Joseph |

Miami-Dade Circuit Judge Jerald Bagley dismissed a developer's $225 million lawsuit against homeowners opposing his private-island project.

Peter Weinstein

Broward Hopes to Borrow Hours for Senior Judges in Foreclosure Cases

By Samantha Joseph |

Broward Circuit Chief Judge Peter Weinstein plans to approach judicial circuits less affected by the housing crisis to borrow from their allocation of senior-judge days.

Scott O’Donnell is a Senior Vice President, Dominic Montazemi, Senior Associate, CB Richard Ellis. Joined Cushman & Wakefield in 2015.

Competitor Raids Target 16 at CBRE

By Samantha Joseph |

An exodus from CBRE in South Florida is primarily benefiting Cushman & Wakefield.