In South Florida, Hurricane Irma attack on the electrical grid and air service prolonged real estate deals.
Real Estate News
South Florida has been seeing record apartment sales, drawing interest to everything from luxury units to less trendy and less familiar addresses.
The 15-acre Catholic school at 4949 NE 2nd Ave. closed this year, and the campus attracted interest before it was put on the market.
Although not a precipitous drop at 0.1%, the nationwide decline in commercial property pricing seen in August marked the fourth consecutive decline for Ten-X’s Commercial Real Estate Nowcast index. Pricing across the industry is now up just 5.8% from the year-ago period.
The loan is for construction of two 17-story apartment buildings as part of the much larger SoLeMia Miami project.
South Floridians in the real estate realm are organizing relief efforts for the Florida Keys and the Caribbean after Hurricane Irma.
The parent company of Kaplan University take sup 193,000 square feet in two buildings.
Homeowners in 48 Florida counties, Puerto Rico and the U.S. Virgin Islands may be eligible for an extended delay in payment of federally backed mortgages due to Hurricane Irma.
The late Terry Stiles of the Fort Lauderdale-based Stiles Corp. is credited with developing high-profile commercial real estate as well as public-sector projects.
The cranes were among two dozen such heavyweight hazards looming over the city skyline as the monster storm powered across the state.
Florida lawyers are preparing ahead of the massive storm.
Leaders in business and law draw from long memories of hurricanes past, and recent disasters, as they make way for one of the most ferocious storms to threaten Florida in recorded history.
Work to protect property ahead of Hurricane Irma might not be enough with a widespread lack of flood insurance in Florida.
Construction crews maneuvered cranes and dismantled scaffolding with Hurricane Irma threatening South Florida.
Coconut Creek's Geneva Group lands the six-story downtown Lakeland office building.
Discount carrier Allegiant is breaking away from its aviation focus with plans for a 75-room condo-hotel resort in Port Charlotte.
Douglas Mandel and Benjamin Silver arranged the sale of an office building on Arthur Godfrey Road.
The head of the the Florida Property & Casualty Association warns skyrocketing claims on assignment of benefits show self-serving attorneys and vendors are gaming the system.
Achikam Yogev arranges the sale of two charter schools to Oregon investors.
Real estate professionals must operate under a new legal precedent when marketing private units in properties where branded hotels also operate.
The Berkadia team arranged acquisition financing for two Islamorada hotels that are managed jointly.
The sale of The Atlantic at East Delray represents a 34 percent gain after a two-plus-year hold.
South Florida recruiters are seeing a legal market hungry for real estate lawyers, especially at the senior partner level, while corporate M&A, private equity and health care practices are hot, too.
Rival luxury real estate auction houses tussle over defamation.
Bad news for Miami-based Pinnacle Housing Group LLC: A state appellate court refused to lift a suspension order barring it from receiving public funds.
Carlos Reyes closes on a $19.7 million construction loan for an ambulatory medical center in Fort Lauderdale.
TSG Group takes over the property next to the Infinity at Brickell condo tower and could pursue redevelopment.
The story of Jed Clampett is, by now, a legend. A poor mountaineer, he could barely feed his family of four, but one day, while he was out hunting for food, he fired his rifle into the swamp behind his shack—and struck oil. The sale of the resource-rich land, in 1962, would eventually net him between $25 million and $100 million, and he did what anyone with sudden riches would do: He packed up his truck and moved his clan to Beverly Hills, where their adventures would be the subject of nine seasons of "The Beverly Hillbillies."
Luis Elorza and Brad Capas rejoin Cushman & Wakefield's multifamily brokerage team focusing on Florida's West Coast.
People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to real estate website Trulia.
Shalimar at Davie receives a $35.5 million, 10-year loan after almost filling the new 240-unit complex.
The 488-unit Delray Verana complex goes for more than $247,000 a unit.
The legal team led by partner Harold Lewis closes on the refinancing for a 14-site portfolio owned by Miami-based Tzadik Acquisitions in Florida.
The Christ Fellowship Baptist Church gets a 300-space parking garage out of the deal arranged by Greenberg Traurig lawyers.
A bit of good news for embattled West Palm Beach-based Ocwen Loan Servicing: Its customer satisfaction score rose 11 points, according to a J.D. Power ranking.
Apartment developers are responding to a cry for reasonably priced housing by filling their towers with smaller units with permission from cities across South Florida.
To rent an apartment on LoftSmart, a website for college students looking for off-campus housing, users browse listings, take a virtual tour, and read reviews from current or past tenants. If they find a place they like, they can put in an application, sign a lease, and pay their security deposit—all online.
Erick Vargas of Kurz Real Estate Corp. introduced his client to a rare real estate opportunity in Miami-Dade County: a 35-property portfolio he happened to stumble upon.
This is how much eight waterfront acres in one of Miami Beach's most exclusive, high-end island villages could sell for.
It's back to the suburbs for these investors and developers: Commercial real estate deals and developments are up in Pembroke Pines.
Transwestern's Miami-based managing director John Bell helps market and sell an underperforming office asset in downtown Jacksonville for $15 million.
Another top-dollar South Florida apartment complex has traded. This time, the Miramar Park Apartments went for more than $273,000 per unit.