The buyer of the departed Heat star's Miami pad is happy to close on the Coconut Grove mansion after living in it for a few month.
Real Estate News
Developers closed the 4.4-acre land deal for a planned 330-unit condominium complex.
A 24-hour cement pour to create the foundation for the 709-foot One Thousand Museum condominium tower north of downtown Miami required loads of coordination while sales proceed.
Going against two precedent-setting rulings, U.S. Bankruptcy Judge A. Jay Cristol in Miami found it would be unjust to force homeowners to tap out of foreclosure cases.
A developer won a $1.5 million verdict in a downzoning case against Hollywood but lost on a potentially more expensive constitutional challenge.
Martin Melo said the Melo Group might not even need to tap into the $95 million loan to fund construction of Aria on the Bay.
Miami attorneys uncovered a real estate scam involving claims of a forged notary public signature, fraudulent documents and brisk deed transfers.
Attorney Mitchell W. Goldberg analyzes the tax impacts of mandatory accounting methods for condominium developers during construction.
A lender that couldn't get its story straight ended up on the losing end of a foreclosure appeal in the case of a Royal Palm Beach homeowner.
A Nashville, Tennessee-based Sitel Operating Corp. leased about 114,000 square feet for a new call center in Pompano Beach.
According to CoStar Group Inc., a future Class A office building is planned for the former Capital at Brickell site that would create 3.6 million square feet of office space at 1420-1438 S. Miami Ave.
Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes.
John Paulson's hedge funds last quarter acquired a 7 percent stake in Starwood Hotels & Resorts Worldwide Inc., becoming the biggest shareholder in the company as it explores strategic alternatives.
A developer rejected for zoning changes in Miami and South Miami is suing the citiies for votes that didn't go its way.
Joseph Nacchio, the former Qwest CEO convicted of insider trading, and his wife sell his Jupiter estate for $13 million.
About 220 home loans packaged into a $72 million bond offering by private-equity firm Lone Star Funds were backed by new loans to homeowners with riskier credit profiles in which the government didn't take at least some of the default risk.
To sell spec homes in Golden Beach, a developer took a page from the marketing handbook for high-rise condos.
MetLife trades the Venture Corporate Center to a Denver-based real estate investment trust.
A major Los Angeles player invested $34 million in the 166-unit Addion Place Apartments west of Boca Raton.
The merger promises to strengthen foreign investment in the Coconut Grove retail base.
South Florida professionals dealing with prospective Chinese buyers need to understand their needs and establish a knowledgeable and supportive network, writes attorney Anthony Kang.
A residential project in Miami's Coconut Grove iillustrates a Catch-22 for developers: how to build developments that feed public transit when the infrastructure is below par.
The developer planned a high-rise condo tower but claims City Commission action to shorten building height limits robbed it of construction options.
Baron Alan Sugar sells the estate with Intracoastal Waterway access for $6.8 million, or $500 per square foot.
A state appeals court case sheds new light on a condo association's duty to maintain and repair structural and common elements of the property, writes attorney Michael E. Chapnick.
A Los Angeles lender is providing $134 million for the 68-unit luxury Muse condo development in Sunny Isles Beach.
Miami will consider creating a transportation trust fund to help finance major mass transit and parking improvement initiatives.
Four South Florida developers and two general contractors are charged with being part of a kickback scheme that inflated affordable housing contracts by at least $26 million.
Miami plastic surgeon Leonard Hochstein, sells a Sunset Islands estate for more than twice what he paid in 2005.
A judge is being asked to consider a foreclosure defense attorney's request to withdraw from a case where the firm is accused of filing a forged affidavit. The noteholder's attorney wants sanctions.
The $99 million loan marks the latest in a summer of hot South Florida hotel deals.
The 37,895-square-foot parcel combines three lots facing west on Biscayne Bay.
Miami-Dade County warehouse developers are planning a flurry of new construction on a scale not seen since the last real estate cycle.
NIU Kitchen's location on Northeast Second Avenue is not the typical place to find a power lunch spot.
Tim Lobanov, managing director of Verasca Group, shares his thoughts on the foreign investment coming into the Miami market.
The daughter of a woman who killed her husband, Fontainebleau hotel heir Ben Novack Jr., and mother-in-law can inherit his fortune if they overcome one more challenge from his relatives, a state appeals court rules.
Litigation boutique Kenny Nachwalter is moving from downtown Miami in part to avoid traffic, its broker says.
The Third District Court of Appeal rules for the village of Key Biscayne after it rejected a developer's proposed site plan.
Broker Cyril Bijaoui is luring Californians to invest in Miami by showcasing South Florida's geographic diversification and tax benefits.
Bankruptcy judges in West Palm Beach and Tampa say homeowners can't have it both ways, surrendering property in bankruptcy while battling to save the same property in state foreclosure cases.
Trees were planted along eight blocks in Miami's Design District to solve the weather challenges posed by sticky South Florida summers.
A water technology firm is pitching developers on what was an impossible dream: creating a beach anywhere.
The Fourth District Court of Appeal rules Bank of America made a costly mistake and subtracted $196,000 in interest before affirming the foreclosure.
Miami Beach investor David Edelstein paid $65 million for three buildings in Miami's Design District.
Nearly eight years after the subprime mortgage crisis violently shook the U.S. economy, law firms representing lenders and servicers in foreclosure actions are continuing to feel aftershocks that are sometimes fatal.
Attorney Joey Michael Grant helped work a solution where a congregation in need of a building bought the note of a church facing foreclosure.
Despite access to a Venezuelan stronghold in Doral, Venezuelan developer Group P6 is at work on $65 million of new real estate projects outside Miami-Dade.
The Daily Business Review announces its 2015 class for Rising Stars—a selection of South Florida lawyers under the age of 40 who are making a difference in the community and will continue to do so in the future.
Alexandros Xakoustis said a focus on star designers and luxury construction finishes has provided many new challenges for his kitchen designing company, Italkraft.
As if battles with financial backers, its landlord and neighbors weren't enough, the club is battling the city for the right to keep its doors open.
TIAA-CREF buys the 382-unit Manor at Flagler Village for $390,052 per unit.
Miami Beach investor Sam Herzberg has made millions in the real estate boom, but a lawsuit claims he's shorting the Miami Marlins on a bill for season tickets.
Miami-based Lennar Corp., the largest U.S. homebuilder by market value, is forming a $1.1 billion joint venture that will develop apartment communities in 25 U.S. metropolitan markets.
Miami civic leaders pledged to put pressure on scofflaw property owners along the Miami River, publicly rekindling longrunning disputes over how to create a public promenade on the waterfront.
They're eager to invest in real estate, but a backlog might lead Chinese investors to delay deals under the EB-5 visa program.
Two partners in a real estate development and finance company and a senior underwriter plead guilty to wire fraud conspiracy charges.
HFF arranges a seven-figure mortgage with BankUnited for the 108-room Holiday Inn.
Even when they're typing away at computers, it appears Miami office workers still want waterfront views and luxury amenities.
The improving economy and better lender outreach mean fewer South Florida homes are being abandoned during foreclosure.
Mark Zuckerberg's backyard privacy showdown has grown more tangled with competing claims about a mysterious African prince and a private eye accused of bullying a witness.
A New York investor promises to spend big in South Florida after acquiring buildings at the Heron Bay Corporate Campus.
A notable South Florida architect is proposing what would be the tallest residential building in Miami east of the Claude Pepper Federal Building. But Liquid Lofts has several goverment hurdles to clear.
Miami Beach's Eden Roc lands a $190 million loan, and Surfside's Grand Beach comes up with $50 million.
Two of the largest construction loans of the latest real estate cycle closed on the same day for condos on Biscayne Bay and a mixed-use project in Doral.
The sale of the Conrad Miami is likely to be a one of the year's biggest deals with bids over $100 million.
A joint venture scoops up half a block of Washington Avenue for $36 million—and borrows $45 million against it.
Five Point Holdings, a developer of master-planned communities in California co-owned by Miami-based Lennar Corp., is considering an initial public offering.
A major waterfront parcel just changed hands for $147 million—and it isn't going to a developer eager to build South Florida's newest luxury condos.
A Third District Court of Appeal decision on a canceled commercial real estate deal shows the importance of a well-crafted contract, writes attorney Oscar R. Rivera.
Less than two weeks after agreeing to hammer out a deal, Key Biscayne has filed a third lawsuit over Miami's plan for redevelopment of Virginia Key.
In a hot market for South Florida hotels, a Miami hotel developer sells a majority stake in the trophy oceanfront property.
The Related Group secures the loan from Regions Bank to finance the first phase of CityPlace Doral with retail and residential segments.
Coming back from the brink of financial ruin, Sergio Pino is rebuilding his empire one townhouse at a time.
A portolio of residential and commercial condos in Miami's Security Building is sold to an Aventura-based real estate investment trust.
A developer triumphed in a long-running battle with preservationists after Miami-Dade County stripped a Bay Harbor Islands residential building of its historic designation.
A 9.4-acre estate on exclusive Jupiter Island sells for a record $38 million.
The Standard & Poor's/Case-Shiller 20-city home price index rose 4.9 percent in April from 12 months earlier, roughly the same annual pace as March.
Adam Mopsick, CEO of Miami-based general contractor Amicon Construction Management, speaks about the joys and challenges of being in a bountiful market.
Here's more proof New Yorkers are hot for Miami-area luxury real estate: A billion-dollar New York brokerage acquired Miami Beach-based Zilbert International Realty.
Miami city commissioners dealt what could be a crippling blow to plans for a 58-story LED billboard tower north of downtown.
To break ground on its latest Miami affordable housing project, it took developer Housing Trust Group nearly a decade to navigate changing rules, an economic downturn and a credit crunch.
Whole Foods gives thousands of workers a quicker and more affordable alternative to pricey steakhouses and sit-down restaurants.
A new state law prompted by the housing crash changes the rules for condominium terminations.
Miami-based Lennar Corp. jumped the most in nine months after reporting higher-than-expected earnings for its fiscal second quarter.
The 405-room hotel sells for $104,000 per room, the latest in a string of hotel sales near Miami International Airport in the past two years.
Real estate has gotten hot again. Home sales are on pace for their best year since 2007.
A Boston-based foundation will ship nearly $900,000 in supplies to build a state-of-the-art facility to preserve Ernest Hemingway's books, letters and photos.
Billionaire Jeff Greene now owns most of the vacant waterfront land in downtown West Palm Beach.