Il Mulino New York in Sunny Isles Beach serves up a luxurious power lunch scene for real estate brokers trying to close multimillion-dollar deals.
Real Estate News
Homeowners lose a temporary injunction against the Aventura developers behind a disputed luxury condo project.
Dick's Sporting Goods CEO Edward Stack pays $12 million for a 9,000-square-foot home built on a private beachfront acre.
Home loans from $1 million to $5 million were the fastest growing part of the jumbo market in January, according to purchase application data from the Mortgage Bankers Association. Wealthy borrowers are seeking even bigger loans this year while luxury housing prices rise and lenders lure them with competitive terms.
U.S. home price increases leveled off in December, reflecting a weak sales environment and a small number of homes for sale.
When it is completed in 2017, Panorama Tower will be Miami's, and Florida's tallest tower.
A Maryland-based hotel REIT is buying the 393-room James Royal Palm for $707,379 per key .
Indy 500 and "Dancing with the Stars" champ Helio Castroneves buys a waterfront condo.
Miami is experiencing another building boom. Cranes dominate the skyline almost as much as buildings do. So before all these new buildings are completed, here is a list of the five tallest buildings in Miami.
On Instagram he goes by @open.world and for some reason, he likes to scale buildings in downtown Miami and then post about it.
Companion bills would change notice requirements to give contractors more opportunities to address alleged construction defects and avoid litigation, writes attorney K. Stefan Chin.
Dezer is Giving Armani a Chunk of Money to Design Elements for the Common Areas of Latest Condo (Slideshow)By Samantha Joseph |
It's worth eight figures for Giorgio Armani to select the design elements for the common areas at a condo tower to be built by the Related Group and Dezer Development.
A group of Russian investors is taking an uncharacteristic dive into Miami's residential real estate market by betting more modest housing is a better investment opportunity than building yet another amenity-laden waterfront tower.
Money for the Brickell-area complex represents the biggest loan to a Miami residential project this year.
U.S. home rental prices rose at a steady rate in January, but prices barely budged or even dipped in parts of the Midwest and Mid-Atlantic.
The buyers who plunked $140 million for a waterfront Brickell office building are linked to a large Brazilian contractor, public records show.
Federal regulators adjusted mortgage rules to reduce risks for lenders and cut premiums and down payments, opening the door for more first-time homebuyers.
Celebrity developer Donald Trump testifies at a trial in a dispute with a tenant at the Trump National Doral Miami resort.
A Miami city agency is routing $500,000 in money borrowed for Overtown low-income housing to two nonprofits.
Miami has a Little Havana and Little Haiti, a neighborhood known as Westonzuela and even the Venetian Islands. What it doesn't have is a Chinatown.
Vacancy rates are dropping, lease rates are rising, and new projects are underway.
Carlos Ferreira de Melo bought a double unit in Miami Beach's Blue Diamond tower for $3.79 million, the most spent in that building during the current real estate cycle.
The Class A office tower at 777 Brickell Ave. has traded for $140 million, or $485 per square foot.
Real estate developers are working against zoning laws and deed restrictions to shut down unprofitable golf courses and develop the land for new homes.
U.S. Bankruptcy Judge John Olson rejected a plan to convert Fashion Mall's owner from a Chapter 7 bankruptcy to a Chapter 11 reorganization.
Shai Zamanian and Preeya Malik are trying to persuade people in Dubai to invest in Miami through the federal cash-for-visas EB-5 program.
The "I'm a Freak" singer paid $3 million for the half-acre lot in 2000 and built an estate three years later. He sold the property for $7.85 million in 2004 to Marc Puleo, founder of PetMed Express.
Economic adviser Tony Villamil said economic volatility in Latin America is stemming the flow of investors who paid cash for 90 percent of their U.S. deals.
Coconut Grove, one of Miami's oldest neighborhoods, is a new development hot spot. One of the latest buyers is race car driver Emerson Fittipaldi.
The Publix-anchored Polo Club Shoppes is traded by a New York real estate investment firm to a partnership linked to Atlanta's Jamestown.
Mark Zuckerberg bought a piece of property after the owner threatened to build a house that would look into Zuckerberg's master bedroom.
The Daily Business Review announces its first Professional Excellence Awards winners.
Think small and temporary. That's how a Miami Beach hotel is attracting European retailers to rent everything from wall space to turnkey popup stores.
Octavio Rinaldi of Miami-based CWV Realty Group said a Brickell assemblage purchased for $16.25 million is "the tip of the iceberg."
Critics and boosters of a stalled mixed-use project on Miami's Watson Island found little common ground during a panel discussion.
...A penthouse with four bedrooms, 6½ baths and a price tag of $880 for each of its 5,000 square feet.
Job growth, a renewed real estate boom and airport infrastructure, highway refurbishments and seaport expansion, all bode well for South Florida in 2015.
After outpacing the S&P 500 Index for the duration of the bull market, real estate investment trusts may be getting ahead of themselves.
Parents who've been waiting for their grown children to move out may finally be in luck.
On the terrace, "the stellar view by itself makes it unique," says Mika Mattingly, a commercial real estate broker who likes to power-lunch with out-of-town clients at Area 31.
The 260-acre purchase off Interstate 95 in Palm Beach County is approved for 275 homes.
Spending on renovations may rise to a record this year as homeowners with low interest rates decide to stay put and remodel their existing homes.
The Commercial Industrial Association of South Florida hosted its 15th annual Industrial Report at the Country Club of Coral Gables.
The share of Americans who own their homes was 64 percent in the fourth quarter, down from 64.4 percent in the previous three months.
Should've Been Straightforward, But See How a Clerical Error Put BofA on Wrong End of Foreclosure CaseBy Samantha Joseph |
What can go wrong in a foreclosure case went wrong in two Broward Circuit cases--the wrong legal description and a misplaced promissory note in the clerk's office.
An Illinois food service company acquires two South Florida facilities from Gold Coast Beverage Distributors.
IndCor Properties has inked a 324,000-square-foot lease transaction with Floor and Decor Outlets of America at its Countryline Business Center in Miramar.
As the key spring U.S. home-selling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue.
The heat has returned to the Miami's real estate market. Construction for over 300 new residential towers are in the pipeline and business is booming. But is it another bubble?
The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime.
State Chief Financial Officer Jeff Atwater isn't ready to discuss a Louisiana official tabbed by Gov. Rick Scott as a possible replacement for Florida's longtime insurance commissioner.
St. Joe Co., a northern Florida real estate developer, received a Wells notice from the U.S. Securities and Exchange Commission indicating the agency will file an action for securities-law violations, according to a regulatory filing.
Camilo Lopez, president of the Solution Group, says the 10-story Cassa Brickell introduces a concept called "air houses."
A New York investor extends its substantial Wynwood holdings at $138 per square foot.
Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014.
A three-year winning streak for sales of previously owned homes in the U.S. ended in 2014 as some investors stepped out of the market and first-time buyers failed to fill the void.
The gated 79-unit Altis at Coconut Creek complex sells for $782,000 per unit.
Government-backed mortgage company Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.
D.R. Horton Inc., the largest U.S. homebuilder by revenue, reported fiscal first-quarter earnings that beat estimates as sales jumped. The shares rose as much as 6.1 percent.
The three-floor, 9,200-square-foot unit in Bath Club Estates is made for someone seeking the space of a single-family home and amenities of a luxury condo.
A Meruelo family company pays nearly $9 million an acre for a coveted development parcel in the Omni West neighborhood.
Tenants at the iconic 47-floor landmark are irate about broken city-owned elevators serving the office building's garage. Twenty-minute waits have become commonplace.
Glozal Group is offering a free $70,000 Tesla Model S with dedicated parking space and built-in charger with each of the multimillion-dollar condos at Z Palm Beach Residences.
Aztec vice president Jason Katz says Miami's central business district is "one of the last bastions of dealmaking with Miami locals."
The best year for home construction since 2007 will help the economy weather slowing global demand for U.S. exports and a drop in energy prices.
As the real estate boom makes Miami increasingly unaffordable, activism around affordable housing and gentrification is heating up.
It seems the rush to clear Miami-Dade's clogged foreclosure docket backfired on appeal.
The Fourth District Court of Appeal finds "a piece of the foreclosure puzzle" missing and sides with homeowners over HSBC.
The furniture store sale sets the record as the largest price tag in the last four years in the neighborhood.
Richman Greer attorney Manny Farach analyzes three major land-use cases of the past year.
The general contractor will supervise construction of All Aboard Florida stations in Fort Lauderdale and West Palm Beach.
Celebrity chef Gordon Ramsay is facing a real-life kitchen nightmare after a British judge ruled him personally liable for the $1 million annual rent on a London gastropub.
Developers file a $200 million suit against Aventura to start construction of Prive at Island Estates.
Miami Beach's Lincoln Road and Doral are good retail real estate bets for 2015, Aztec Group managing director Jason Shapiro says.
Blackstone Group LP is offering the first securities of 2015 tied to rental homes, the start of what Morgan Stanley analysts predict may be a more than doubling of issuance this year in the nascent market for such debt.
The seven-month stock rally for Home Depot Inc. and Lowe's Cos. could be at risk as the U.S. housing market stalls.
A New York company pays a record $770 per square foot for an industrial-zoned property in Miami's Wynwood neighborhood, the latest darling of real estate investors.
American cities are starting an architectural arms race to the sky with super-sized Ferris wheels, a 100-story observation tower and maybe even a mammoth golf ball atop a 300-foot tee planted in the Arizona desert.
Chief economists at Fannie Mae and Moody's Analytics Inc. as well as the Mortgage Bankers Association all predict a turnaround for the U.S. mortgage market this year after a record decline in 2014.
Miami-based Lennar Corp. said fiscal fourth-quarter earnings climbed about 50 percent as it sold more houses at higher prices.
The number of homes repossessed by banks fell 29 percent last year to the lowest level since 2006, a year before the subprime mortgage crisis.
The former home of convicted Tyco International CEO Dennis Kozlowski was built with a $19 million and originally listed for $25 million.
Miami Beach wants Miami officials to reconsider the scale for a major hotel-marina project planned on Watson Island.
In boom times, as in times of economic distress, hotel property acquirers seek a workforce to deliver a customer experience that helps boost occupancy rates and preserve guest loyalty. But they also seek to avoid liability for any employment law violations committed by the seller.
Contractor Rocco DiBenedetto says he competes against dozens of companies who can undercut him in price because they don't pay licensing fees.
Standard & Poor's is close to a settlement of about $1 billion with the U.S. for allegedly misleading investors about its ratings of mortgage-backed securities before the subprime crisis, a person familiar with the matter said.
The parking garage in Sunny Isles Beach will take Lamborghinis and Maseratis three levels underground, a difficult engineering feat requested by the developer at a cost of $25 million.
First it was Miami World Center and SkyRise Miami. Now a third developer is asking for public land and millions of dollars in government subsidies for a massive project.
The Federal Aviation Administration is pushing back on plans for 1,000-footers and suggests something under 475 feet east of Miami International Airport.
The 40,000-square-foot supermarket is miles from the nearest Wal-Mart Supercenter and opens as the giant retailer presses its yearslong bid for a Midtown Miami location.
Related Group chairman Jorge Perez says an end to a U.S. economic embargo on Cuba could help turn Havana into a mecca for real estate investment.
The Fourth District Court of Appeal focused on lender documents and standing in deciding three foreclosure cases. Homeowners won two of them.
An Edgewater development is the first pre-construction project in Miami to receive Fannie Mae approval for lower down payment rates since the housing crash.
The developer of a Donald Trump-branded hotel and apartment complex in Panama missed a bond payment 18 months after issuing the notes when it emerged from bankruptcy.
Takeovers among U.S. real estate investment trusts are poised to accelerate as shareholder activism increases and executives become more receptive to deals, according to research firm Green Street Advisors LLC.
Broker Christopher Zoller said last month's 16 percent fall in condo sales is "a direct reflection of the fact that people want new condominiums."
A sale in Coral Gables' exclusive Cocoplum enclave fetched the highest per-square-foot price since the housing crash.
Stearns Weaver Miller Weissler Alhadeff & Sitterson has renewed its lease and expanded its space at Museum Tower in downtown Miami.