As expected, commissioners approved the agreement that provides benefits to Miami Worldcenter builder of in exchange for a promise to hire locally.
Real Estate News
Steelbridge Capital acquires the 16-story Wells Fargo Tower.
Trustees launch a program to sell real estate directly out of bankruptcy court and avoid state court foreclosure delays. But will this program help or hurt borrowers?
U.S. Sugar buys dozens of parcels near Belle Glade in two large deals.
City commissioners are taking a tougher look at a deal that would give away potentially valuable air rights to the developer of the Miami Worldcenter mixed-use project north of downtown.
While tens of thousands of Puerto Ricans have left to seek better opportunities abroad, a few entrepreneurs have tried to make a go of it within San Juan.
An agreement that could conceivably grant millions of dollars in benefits to the developer of the Worldcenter is set for approval by the City Commission.
New York buyers scoop up stores at Alton Road and Fifth Street for $1,241 per square foot.
The condominium termination law is being used by real estate developers to force owners to sell their condos at prices below the purchase price or below the remaining mortgage debt.
The 192-unit Jade Signature at 16901 Collins Ave. received a $284 million loan, while the 68-unit Muse condo project at 17141 Collins Ave. got $167.6 million.
A three-judge panel rules city commissioners lack the power to preserve the St. Jude Melkite Catholic Church.
The Miami-based developer has four large apartment complexes in the works with home ownership at a 19-year low.
The share of mortgage lending to minority borrowers fell as regulators struggle to ease credit to blacks and Hispanics shut out of the housing recovery.
Hardy Park Bistro has quickly been discovered by the power lunch crowd in Fort Lauderdale, particularly government and courthouse workers.
Investors are growing concerned that the housing recovery may be derailed when the Federal Reserve increases its benchmark rate.
Miami developer Barbara Salk, whose company is building the 36-story Ion condo in the Edgewater neighborhood, talks about her project and the state of the real estate boom.
A bill that passed both houses of Congress could block regretful condo buyers from suing to recover deposits.
Miami Beach developer Michael Simkins has made another purchase on Northeast Eleventh Street in Miami, plunking down $53.7 million for a large warehouse complex and nearby parcels.
New home sales climbed 18 percent last month, meaning newly constructed homes sold at the fastest pace since May 2008.
Housing starts slumped 14 percent to an annual pace of 956,000 in August after reaching the highest level in almost seven years, Commerce Department data shows. Those figures are at odds with a report showing builder confidence rose in September to the highest level since 2005.
Miami planners are looking at mandating new multifamily buildings provide areas where pet owners can let their four-legged friends out to do their business.
Home prices rose less than economists estimated in July as investors pull back from the property market.
U.S. District Judge Kathleen Williams decided a trial in favor of Four Seasons Hotels Ltd., which was accused of breaching profit-sharing contracts for hotel-condo units at the Four Seasons Millennial Tower in Miami.
The Boston Celtics All-Star point guard buys a 39th-floor, two-bedroom unit at Miami's Paramount Bay tower.
West Palm Beach-based auto dealer Charles A. Schumacher sold his seven-bedroom, 10½-bathroom oceanfront estate for $11.73 million.
Fewer Americans bought homes in August, as investors retreated from real estate
Steven B. Lesser of Becker & Poliakoff stresses the importance of resolving differences between partners before they meet at trial.
Home loans to lower-income Americans are dwindling as Washington regulators and major banks continue to haggle over who pays when riskier mortgages go bad.
Proposed rezoning would expand the Design District Retail Street Special Area Plan by 1.9 acres to include a property north of 42nd Street.
A developer planning a six-acre mixed-use waterfront project closed on the former Panama Hattie's site.
Lennar's net income in the quarter was $177.8 million, compared with $120.7 million a year earlier.
Invesca Development Group, which is planning 950 Broward County homes, broke ground last month on Koi Residences and Marina, a $65 million project with hundreds of homes on a 10-acre site in Pompano Beach.
Steelbridge pays $15 million less than its selling price eight years ago on Cypress Financial Center.
A downtown gym popular with local lawyers and bankers has closed and is being replaced by a more glam brand.
An Israeli entrepreneur buying up downtown Miami retail scores again with a $4.5 million deal at 17 E. Falgler St.
Florida leads the nation in foreclosures long after the housing crisis, but new data show the pace has dramatically slowed in Broward and Miami-Dade counties, and the numbers even fell in Palm Beach County.
A proposed constitutional amendment on the November ballot would redirect documentary stamp tax proceeds to buying environmentally sensitive land.
Micky Arison's mother is taking a $2 million paper loss on the sale of luxury units purchased during the recession.
Commissioners warned the developer that final approval at their next meeting would depend on a more robust commitment for creating jobs in the community.
The owner of the Galleria at Fort Lauderdale mall wants to turn 40 acres around the mall into a development with more than 1,600 luxury condominiums and apartments.
ISG and Related Group aggressively grow their South Florida real estate brokerage. The latest move is a Fort Lauderdale office opening.
President Cristina Fernandez says the 1,165-foot tower is expected to cost around $300 million and will serve as a center for the entertainment industry, including television and movies studios.
PAR, which stands for the Florida Department of Economic Opportunity's adaptation planning strategies and stands for "protect, accommodation and retreat," attempts to address the negative impacts of sea-level rise.
A state appeals court decision is a new "arrow in the quiver" for brokers looking to secure commissions on real estate deals and is likely to "give heartburn" to sellers and title agents looking to close disputed deals quickly.
With $20 million for renovation and expansion, the ME Miami hotel will open in the spring at 1100 Biscayne Blvd.
Building at the 16-acre World Trade Center site is set to be substantially completed in the next year, following delays, litigation, disputes and power plays.
As foreign capital floods into the South Florida market through the EB-5 visa program, South Florida's retail market shines, while hospitality real estate from iconic luxury properties to rundown mom-and-pop operations is attracting investor interest.
Developers whose rezoning application was shot down are demanding the Martin County Commission pay them $3.4 million in lost property value.
The oceanfront Le Palais Royal is one of the most expensive residential listings in the country. The pool alone is larger than most homes at 4,500 square feet, not to mention the underground garage, built for more than 30 cars.
The Miami zoning board unanimously approved zoning changes that will let the sprawling Miami Worldcenter project move forward based on the developer's plans.
The Fourth District Court of Appeal rules for homeowners on when bad faith claims are ready but cautioned the new interpretation may be ready for review by the Legislature.
A socialite who lost her Manhanttan condo catfight with Joan Rivers also loses in a beef over her Fisher Island mansion loan.
Fort Lauderdale mayor Jack Seiler is bringing in professional help to cut costs and look for missed revenue from its 700-parcel real estate portfolio.
Homeowners facing foreclosure use claims of a botched auction to block a sale by their lender. 'The same objection could potentially be made in hundreds or perhaps thousands of foreclosures,' attorney Joseph R. Gosz said.
Luol Deng paid $4.6 million for a renovated five-bedroom, four-bath mansion North Bayshore Drive, just minutes from the American Airlines Arena.
Home prices, which have risen 29 percent since bottoming in 2012, increased 8.1 percent from June 2013, the smallest 12-month gain since January 2013.
Paramount Group, a New York-based real estate investment trust, plans a $2.5 billion initial public offering.
Thayer Lodging Group paid $460 million for the 1,000-room, beachfront hotel, $20 million for a neighboring 18-hole golf course and $55.5 million for several adjacent parcels.
A cross-section of Miami's civic, business and political leadership is considering burying the intersection of I-395 and Biscayne Boulevard.
Verde at the Perez Art Museum hasn't been open a year yet it has almost tripled the expectations of its manager as it attracts the power lunch crowd.
A Palm Beach County condominium association's third insurance claim for Hurricane Wilma damage is rejected in favor of the Florida Insurance Guaranty Association.
Rents in the Washington, D.C., region declined 0.1 percent in the second quarter, compared with national average gains of 3.3 percent.
Fewer cash sales in Palm Beach and Miami-Dade counties isn't necessarily bad news--it may mean a better market for mortgages.
A Cuban-American music superstar couple has sold their Miami house, bidding goodbye to the ritzy neighborhood they've lived in for over 20 years.
John Halula, William G. McCullough and Ilana Strickon of Holland & Knight helped arrange a $290 million construction loan for the Surf Club Four Seasons Private Residences and Hotel.
Yearly price growth weakened in all 20 cities surveyed,with Miami and Tampa still at least 33 percent below their housing bubble peaks.
A company linked to Dallas-based Lincoln Property Co. pays $125 per square foot for two mid-rise towers at Pine Island and Peters roads.
The 18-story tower developed by the Related Cos. and Crocker Partners is sold by a California rea estate investment trust.
Interest from Latin American investors—in particular Argentine entrepreneurs used to such investments back home—is bringing the South Florida market in office condos back from the dead.
Fewer Americans bought new homes, proof that the housing sector is struggling to gain traction.
Chicago Bears wide receiver Brandon Marshall's Southwest Ranches home features a chef's kitchen, built-in Smarthome technology and a free-form heated pool with spa and summer kitchen.
Vicinitas Cancer Care leased 45,000 square feet of office space at 1200 N. Federal Highway for its new headquarters.
Sales of existing homes rose to their highest level in nearly a year.
A rarely used bankruptcy section helps 30 partners avoid foreclosure on a Aventura office complex.
With all the luxury condos being built, land prices are soaring making it difficult for the average person to afford a condo. Affordable housing developers must find creative ways to get their projects done.
In one of the largest South Florida real estate deals in recent memory, the properties on Miami Beach's Lincoln Road high street retail district have traded hands.
Miami Beach's Loews hotel has received a $175 million mortgage, one of the biggest refinacings in Miami-Dade County this year.
Blackstone pays $100,000 a room for the hotel west of I-95 between Clint Moore Road and Linton Boulevard.
Members of the Florida Cabinet were poised to approve the sale of a 6.4-acre vacant parcel in Broward County that is owned by the Department of Management Services.
Housing starts surged in July, underscoring the recent pickup in builder optimism as the residential real-estate market gains some traction.
On July 29, Irish property developer Michael O'Flynn realized that Blackstone Group LP was trying to gain control of his real estate empire, which includes the country's tallest residential tower. Ten weeks earlier, the private equity firm had bought $2.4 billion of loans to O'Flynn's companies and the developer personally.
Private equity bets on the South Florida housing market are filling a need for hundreds of millions of dollars in construction financing that's otherwise not being provided by banks.
The Third District Court of Appeal considers an appeal that could nullify a Miami-Dade referendum on proposed expansion of the Crandon Park tennis stadium.
Builder confidence increased by double digits in the Midwest but declined in the South.
Berger Singerman attorney Barry Lapides leads a $24 million condo hotel deal in Fort Lauderdale.
Miami-Dade's chief judge says it's time to retire the historic Dade County Courthouse as the building fights basement flooding and other structural problems.
New York's real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods.
The seller inks a sweet deal on a Sweetwater student housing complex, or $80,260 per bedroom.
One Boca Place west of I-95 changes hands for $124 per square foot.
The Federal National Mortgage Association lost in the Third District Court of Appeal against Miami Beach's Alden Hotel Condominium Association in a dispute over more than $100,000 in delinquent dues on a foreclosed unit.
Senator Investment Group LP, the hedge-fund firm backed by Blackstone Group LP, disclosed a 6.3 percent holding in mortgage insurer Radian Group Inc.
New York's Blackstone Group, one of the largest private equity firms in the planet, has committed more than three-quarters of a billion dollars to two South Florida projects.
Economist Dean Maki says bank have become much tighter on credit, making it harder for first-time buyers with limited credit histories.
A federal case in Miami pits a county pit bull ban against housing anti-discrimination laws.
Coldwell Banker Residential Real Estate has inked a long-term lease for approximately 14,000 square feet of space at 4000 Ponce de Leon Blvd. in Coral Gables.
ADD Inc., a 210-person architecture and planning firm based in Boston and Miami, has agreed to merge with Edmonton, Alberta-based Stantec Inc.
Easton Group's Jose Antonio Hernandez-Solaun and Paul Douglas said they have to get creative to find land for new projects, such as filling a lake in Pembroke Park.
Phillips Point, a Class A office property on South Flagler Drive, closed $46.5 million in recent leases.
An inventory crunch for entry-level houses has only worsened during the past year as discounted foreclosures become scarce and cash-paying investors snap up affordable listings to convert to rentals.