Real Estate News

7790 NW 78th Ave., Tamarac, FL.

Tamarac Apartment Community Goes for $27.2M

By Carla Vianna |

South Florida's multifamily investment boom continues with another big-dollar buy: A Tamarac apartment complex traded for $27 million.

1820 NE 142nd St., North Miami, Fla.

North Miami Apartment Complex Sells for $117M

By Carla Vianna |

The Blackstone Group just purchased a $117 million apartment complex in North Miami.

Gabriel Britti, Roee Ben-Moshe and Ronnie Issenberg of Marcus & Millichap in Miami.

'Wendy's Brokers' Find Niche With Fast Food Chain

By Carla Vianna |

A Marcus & Millichap team has found a sweet spot in today's retail market: Wendy's restaurants.

John Boyd Jr., principal of the Boyd Co. Inc. in New Jersey.

Is South Florida the Newest Hot Spot for Manufacturing?

By Carla Vianna |

Could South Florida be the next food and beverage manufacturing hub?

Coral Gables mansion sold for $23.5 million.

Coral Gables Mansion Sells for $23.5M

By Carla Vianna |

Coral Gables' most expensive home sale in four years just closed.

Suit Alleging Fraud in Crypt Sales Certifies as Class Action

By Samantha Joseph |

Palm Beach Circuit Judge Catherine Brunson certified a class alleging The Gardens of Boca Raton defrauded Jewish clients who purchased burial space.

1674 Meridian Ave., Miami Beach, Fla.

Two Miami Beach Properties Sell for $49 Million, Doubling Purchase Price

By Carla Vianna |

A two-office portfolio near Miami Beach's famed Lincoln Road doubles in price after a 12-year hold.

Given's CBRE Multifamily Team Moves to Cushman

By Carla Vianna |

Robert Given, a top-producing broker tied to South Florida's multimillion-dollar apartment deals, joins Cushman & Wakefield after 13 years with CBRE.

Appeals Court Rules 'Unclean Hands' Don't Transfer to Successor Lender

By Samantha Joseph |

Wells Fargo Bank triumphs in a foreclosure appeal despite a predecessor lender's alleged fraudulent loan documents.

Judge Cory Ciklin

Appeals Court Reverses on Breach of Contract for Arcade Owner

By Samantha Joseph |

Lucas Games spent years fighting its landlord after a legislative change forced it out of business.

Privé at Island Estates, a two-tower condominium project under construction on an 8-acre private island in Aventura.  Courtesy photo.

In Slowing Market, Average Miami Beach Home Price Tops $1 Million

By Carla Vianna |

Miami-Dade County's housing market has chilled, yet prices continue ticking up.

Robert Gilbert, with Kopelowitz Ostrow Ferguson Weiselberg Gilbert.

Kopelowitz Ostrow Opens Gables Office

By Carla Vianna |

The Fort Lauderdale-based law firm leases a 5,000-square-foot space in the Regions Bank Tower for eight attorneys.

2510-2540 W. Copans Rd., Pompano Beach, Fla.

Clarion Industrial Deal Shows Strength in Broward

By Carla Vianna |

Broward County's constrained industrial market is attracting both developers and investors looking to cash in on its rising lease rates.

Juan Carlos Barreto, senior vice president of corporate lending at Ocean Bank.  Courtesy photo.

Banker Leads $17M Loan for New Charter Schools

By Carla Vianna |

Ocean Bank's Juan Carlos Barreto negotiates a loan that will help transform a Margate shopping center into two charter schools.

Attorney Michael J. Wrubel, of Michael Jay Wrubel, P.A.

'Unclean Hands' Key in Foreclosure Suit Over Inflated Premiums

By Samantha Joseph |

A defendant in a Palm Beach County foreclosure suit accused Bank of America of forcing her into foreclosure by inflating premiums on lender-placed insurance.

Miami Beach mansion purchased by billionaire Russ Weiner, who founded Rockstar Energy Drink.

Rockstar Billionaire Buys Miami Beach Mansion

By Carla Vianna |

Billionaire Russ Weiner pockets a luxe $20 million waterfront home on Biscayne Bay.

Key Largo Office Sells at Ocean Reef Club

By Carla Vianna |

The $21.2 million Plaza Building sale is worth $860 per square foot.

Rendering of Bridge Point I-95 in Ft. Lauderdale, 2200 W. Sunrise Blvd.

$23 Million Construction Loan Issued for Lauderdale Industrial

By Carla Vianna |

A Chicago developer secures the $22.6 million loan to finance construction of a two-building industrial project at I-95 and Sunrise Boulevard.

David Podein, partner at Haber Slade in Miami. Courtesy photo.

Ruling Brings Clarity to Condo Foreclosures

By Samantha Joseph |

Good news for condo associations: A new ruling clears the way to bring foreclosure suits, despite pending liens from lenders.

4th DCA

Appellate Court Denies Foreclosure Dismissal

By Samantha Joseph |

The Fourth DCA declined to grant a writ of mandamus over allegations of a faulty foreclosure complaint and missing certification.

CBRE Execs Arrange Financing for Texas Buy

By Carla Vianna |

Miami-based Christopher Apone and Charles Foschini with CBRE Inc. represented a Miami fund in nabbing a $34.5 million loan for new apartments in Texas.

Greenberg attorneys Joel Maser (left) and Dan McCawley (right) play a game of ping pong in the Cafe.

South Florida Law Firms Hunt Urban Chic Makeover

By Carla Vianna |

A lobby bar. No offices. Lounges and cafes. Hoping to update their staid image and dodge pricey leases, South Florida's law firms are chasing a contemporary look.

Judge Nixes Motion to Erase Pleadings in Palm Beach Somerset Dispute

By Samantha Joseph |

Palm Beach Circuit Judge Jeffrey Gillen has declined a motion to wipe out four years' worth of court filings in a messy real estate business dispute.

Michael Higer

Like Clockwork, Litigation Is Sure to Follow Hurricanes

By Celia Ampel |

Attorneys for property owners, developers and businesses offer best practices for avoiding litigation after a storm.

Peter Muoio, Ten-X Research chief economist

Apartments Post Big First Quarter Gains in Real Estate Sales

By Carla Vianna |

The multifamily sector is carrying the national and South Florida commercial real estate markets forward.

Quinta Avenida Hotel, Havana, Cuba.

Starwood Begins Managing Hotel Run by Military in Cuba

By Michael Weissenstein, Associated Press |

American hospitality giant Starwood began managing a hotel owned by the Cuban military on Tuesday, opening one of the biggest holes in the U.S. trade embargo on Cuba since Presidents Barack Obama and Raul Castro declared detente in December 2014.

Ramon E. Rasco.

Hearing Canceled in Suit Over Private Club Membership

By Samantha Joseph |

Prominent Miami litigator Ramon E. Rasco is pressing a lawsuit about a six-figure membership at the ritzy Fisher Island Club.

212 Gallery at 2407 NW 2nd Ave. in Wynwood

Wynwood, South of Fifth Make 'Cool Street' Retail List

By Carla Vianna |

Retail is hot on the nation's "Cool Streets." Think Miami's Wynwood and Miami Beach's South of Fifth, Cushman and Wakefield says in its subjective assessment of what is millennial cool.

Francis Suarez

Commissioners Push for Study of Permit Process

By Carla Vianna |

Miami City Commissioners backed a resolution aiming to speed up the city's sluggish building-permit review process.

Could Brexit Be Boon or Bust for South Florida Real Estate Market?

By Carla Vianna |

When it's Miami versus London, the South Florida city is now the safer option for deep-pocketed real estate investors. While the Brexit may deter Europeans from purchasing Miami real estate, international investors may fill that gap.

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

Commissioners Give Initial OK to Massive Wynwood Project

By Carla Vianna |

Moishe Mana's 20-plus acre plan for Miami's Wynwood neighborhood gained preliminary approval Thursday night.

Rendering of Atlantic Crossing, looking northeast from Atlantic Ave. and Federal Highway.  HANDOUT.

Developer Buys Land for $38.5M While Suing City

By Carla Vianna |

The Edwards Cos. buys land needed for its nine-acre Atlantic Crossing development, but the Ohio-based builder is still caught up in litigation with Delray Beach on project approval.

Google photo of the Arbor Oaks Apartments at 9817 Arbor Oaks Lane, Boca Raton.

Boca Raton Apartments Sell for $77 Million

By Carla Vianna |

The 360-unit Arbor Oaks complex sells for $214,000 per unit to a Los Angeles-based real estate holding company.

Entrance to mansion at 3551 Main Hwy., next to Ransom Everglades school.

Ransom Everglades Buys Neighbor for $34.6 Million

By Carla Vianna |

Ransom Everglades School pockets the neighboring La Brisa estate for $34.6 million, the priciest home sale ever recorded in Miami's Coconut Grove.

Lennar Ramps Up Construction, Prices in Second Quarter

By Associated Press |

Lennar delivered more homes and at higher prices during its second quarter, exceeding expectations that Wall Street had for the nation's second-largest homebuilder.

City of Miami Commissioner Francis Suarez, during commission meeting about the approval of the Worldcenter in Downtown Miami.

Miami Commissioner Wants to Speed Up Building Permit Review

By Carla Vianna |

City Commissioner Francis Suarez offers a resolution to study the lag in the building permit review, which developers say is is curbing small-scale development.

Sabbia Beach project, a 19-story luxury condo in Pompano Beach, Florida.

$45M Construction Loan for Pompano Beach Condo

By Carla Vianna |

The 19-story Sabbia Beach has secured a $45 million construction loan from Ocean Bank.

Michael Bennett of Bennett & Aiello in Miami.

Appeals Court Calls for Rule Change in Real Estate Contract Case

By Samantha Joseph |

The Third District Court of Appeal called for a rule change on certiorari jurisdiction after a case involving a contract dispute in a real estate deal.

La Epoca in Downtown Miami.

Downtown Miami Landmark La Epoca Building Up for Sale

By Carla Vianna |

Colliers International South Florida has been tapped to market the historic Flagler Street building, which was the first Walgreens store ever built in Florida.

 Miami- Southeast Financial Center, center, located at 200 S. Biscayne Blvd, Downtown Miami.

Miami's Landmark Southeast Financial Center on Market

By Carla Vianna |

The 55-story tower and 15-story garage being offered by JPMorgan Chase is expected to trade for north of $645 million.

6/13/16--  Sports Authority, closing, at 18499 Biscayne Blvd, Aventura, FL.

20 Sports Authority Stores Up for Grabs in South Florida

By Carla Vianna |

When the retail chain closes its doors, hundreds of stores in the U.S. may go dark — and stay dark. But brokers say prospects for new tenants in South Florida are good because of the high-profile locations.

Alister Boca Raton, 10235 Boca Entrada Blvd..

Boca Raton Apartments Sell for $71 Million

By Carla Vianna |

Boca Raton's Emerald Bay Club Apartments — now rebranded as the Alister Boca Raton — goes for $158,000 per unit.

Juan Ramirez Jr.

Sanctioned Lawyer says Former Judge Abused Prior Post

By Samantha Joseph |

A former chief judge is accused of abusing his prior position to secure inappropriate sanctions against opposing counsel.

Expert: Use Of Urban Space Will Be Re-Imagined, Footprints Will Shrink

CEO and founder of Metro 1 tells GlobeSt.com that we can expect to see many more adaptive reuse projects of defunct or functionally obsolescent retail projects being redeveloped and adapted to uses that serve current demand.

Brickell City Centre rendering

South Florida Home Sales Shrink in First Quarter

By Carla Vianna |

Residential closings dipped 25 percent in Miami-Dade and 5 percent in Broward in the first quarter.

 Antonio 'Tony' Martinez Jr.

Five Decades Later, Real Estate Attorney Assesses Miami and the Law

By Carla Vianna |

Antonio "Tony" Martinez retires from Shutts & Bowen after 52 years. He speaks about the changes he's witnessed since his first day at the firm.

Appeals Court Gets Exasperated About Foreclosure Standing

By Samantha Joseph |

The Fourth District Court of Appeal is tired of talking about standing in foreclosure cases after doing it more than 80 times since the housing crash.

Miami Dade College Center Bidding Triggers Outside Probe

By Carla Vianna |

A Miami attorney and Related Group executive were targeted in a private investigation involving a high-profile real estate development, which prompted an outside investigation by the college.

Daren Blomquist

10% of South Florida Home Sales Are Quick Turnovers

By Carla Vianna |

Home flippers remain active in South Florida and show no sign of cooling off, RealtyTrac reports.

New Real Estate Law Firm Opens in Miami

By Staff writer |

Two former Greenberg Traurig real estate attorneys have opened Casareale & Partners.

Miami's Viceroy Hotel Sells for $65 Million, Switches to W

By Carla Vianna |

The Viceroy in the Icon Brickell complex sells for $436,000 per room.

Orange Theory Fitness.

Orangetheory Spends $14M on New Boca Raton Headquarters, Gym

By Samantha Joseph |

Gym operator Orangetheory Fitness spends $193 per square foot at the Arvida Park of Commerce.

Brickell City Centre under construction

Brickell City Centre Company Picks Up Nearby Chunk

By Carla Vianna |

Swire Properties pockets a 7,500-square-foot site near its transformative Brickell City Centre project, hinting at the Hong Kong-based developer's future expansion.

Rodney Barreto

Ex-Bank Director Sued for Defaults on $16M in Mortgages

By Samantha Joseph |

Rodney Barreto, head of the South Florida Super Bowl Host Committee, is at the center of a new foreclosure suit by the Doral-based U.S. Century Bank.

Retired NHL Player Bryan Allen Lists Parkland Home

By Carla Vianna |

The former defenseman wants to sell his seven-bedroom mansion in a gated Heron Bay neighborhood.

Davie Apartments Sell for $38.5 Million

By Carla Vianna |

Miami developer CFH Group sells the 318-unit Sunset Palms complex for $121,000 per unit.

Atlanta, Chicago Foreclosure Law Firms Merge

By Meredith Hobbs |

McCalla Raymer, with offices in Fort Lauderdale and Orlando, is merging with Chicago-bsed Pierce & Associates.

Suniland Shopping Center, at 11325 S. Dixie Hwy

Suniland Center Sells for $66.5 Million

By Carla Vianna |

The Suniland Shopping Center in Pinecrest trades for $811 per square foot.

Developer Plans Small Apartments, Big Tech

By Carla Vianna |

Don't know who your neighbor is? There's an app for that. Property Markets Group secures an $80 million construction loan that'll fuel a technology-driven apartment tower in downtown Miami.

Thomas Ice

Banks Come Up Empty in Probe of Ocwen's Mortgage Servicing

By Samantha Joseph |

Ocwen says it's been vindicated by a third-party investigation into allegations from institutional investors led by Wells Fargo.

Linda Worton Jackson

Attorney Represents Flight Training Firm on $13M in Financing

By Samantha Joseph |

Salazar Jackson co-founder Linda Worton Jackson pilots two financing deals for Fort Lauderdale-based aviation training company Avenger Flight Group.

Eric Isicoff of Isicoff, Ragatz & Koenigsberg and  Ruben Socarras of Marshall Socarras Grant.

Auction Error Ends With $1.5M Tab for Nonbuyer

By Samantha Joseph |

The winning bidder who thought he purchased one waterfront mansion found out he was on the hook for two at double his $6.2 million offer. It didn't end well.

Brickell City Centre under construction

New South Florida Construction Droops

By Carla Vianna |

The value of South Florida construction starts plunged in April compared with the month before and the same period last year.

Hoteliers Call for Airbnb Regulation

By Carla Vianna |

Nearly two-thirds of the revenue generated via Airbnb in Miami comes from hosts listing multiple units at once.

Fort Lauderdale Real Estate Perks Up

By Samantha Joseph |

Moves by institutional investors into multifamily and other commercial ventures in Broward County illustrate the attraction.

Miami Backs $115M Subsidy Plan for Hotel, Expo Center

By Carla Vianna |

MDM Development Group's hotel and expo center project secures a $115 million subsidy commitment from Miami officials.

The Miami Tower, 100 SE 2nd St, is a 47-story, landmark office skyscraper in Miami, Florida, United States. It is located in central Downtown. It is currently the 8th tallest building in Miami and Florida. On April 18, 2012, the AIA's Florida Chapter placed it on its list of Florida Architecture: 100 Years. 100 Places as the Bank of America Tower.

Miami Tower Sells in Deal Worth $220 Million

By Carla Vianna |

Giant Japanese conglomerate Sumitomo Corp. purchased the Miami Tower in an agreement that will most likely lead to the sale of the iconic downtown property.

Broker Represents Buyer on $105M Aventura Office Purchase, Financing

By Samantha Joseph |

Robert Dockerty of Dockerty Romer represents the buyer on the purchase while raising $50 million in financing.

U.S. Federal Building and Courthouse, 299 East Broward Boulevard, Fort Lauderdale.

GSA Has No Good Place for New Fort Lauderdale Courthouse

By Samantha Joseph |

The Fort Lauderdale federal courthouse needs plenty of repairs, but there's no space for a new one in downtown Fort Lauderdale, according to a new government report.

Walter M. “Marty” Cummins Jr., president of Florida EB-5 Investments; Reid Thomas, executive vice president of California-based NES Financial; and H. Ronald Klasko of Klasko Immigration Law Partners in Philadelphia.

Bill Would Tighten EB-5 Visa Controls, Could Add to Backlog

By Carla Vianna |

A panel of EB-5 experts discusses the legislative hurdles faced by the cash-for-visa program amid heightened federal scrutiny.

 Gray Robinson shareholder Stephen Tilbrook.

Lauderdale Floods Changing Seawall Height Regulations

By Samantha Joseph |

City officials are considering new rules for waterfront development following repeated tide-driven flooding.

Top Parking? Look No Farther Than Miami

By Samantha Joseph |

A Miami garage wins a top prize in an international architectural contest. Check out the City View Garage.

10/15-   7950 NE Bayshore Court, Miami, Fl..

South Florida Apartment Rentals Built for Luxury

By Carla Vianna |

Fancy rentals dominate the nation's — and South Florida's — new multifamily arena.

4/15- Barcelona Jupiter Aparments, 111 Sierra Drive, Jupiter, Fl.

Jupiter Apartments Sell for $88 Million

By Samantha Joseph |

Fort Lauderdale lawyers guide the purchase of the 352-unit Barcelona Jupiter luxury complex.

Miami's Blue Lagoon Office Complex Sells for $68M

By Samantha Joseph |

A Connecticut investor buys the five-building Waterford at Blue Lagoon Business Park for $191 per square foot and gets $50 million in financing.

10/5/16-   Completed building at 3625 Northeast Second Ave. in Miami’s Design District, which will house the brand new Brown Jordan furniture store. Lyle Chariff and his team purchased the vacant lot for $275,000 in 2013. After solving innumerable issues that deemed the land “unbuildable,” the property is

'Unbuildable' Lot Gets Makeover, Sells for $13 Million

By Carla Vianna |

Lyle Chariff reinvents an "unbuildable" lot in Miami's Design District for $13 million after crossing a number of redevlopment hurdles in three years.

Top Brokers Collect $850,000 in Commissions in Five Weeks

By Samantha Joseph |

Not a bad binge. "The Jills" make about $850,500 in commissions on four Fisher Island real estate deals.

Tablet with chart displayed

Florida's Industrial Real Estate Near Pre-recession Levels

By Carla Vianna |

Statewide industrial vacancies dropped below 6 percent in the first quarter for the first time since 2006.

Pace of Luxury Miami Home Sales Slows Down

By Carla Vianna |

Amid a luxury housing market slowdown, Miami real estate professionals say economic factors have more effect than new federal scrutiny.