Real Estate News

Foreclosure

Owner Claims Forged Affidavit Filed for Her in Foreclosure Case

By Samantha Joseph |

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.

Miami Airport Marriott, 1201 NW LeJeune Road

Miami Airport Marriott Complex Gets $99 Million Loan

By Eleazar David Melendez |

The $99 million loan marks the latest in a summer of hot South Florida hotel deals.

What Will $20 Million Get You? Buildable Waterfront Lot in Miami Beach

By Samantha Joseph |

The 37,895-square-foot parcel combines three lots facing west on Biscayne Bay.

David Albert

No End in Sight for Warehouse Demand in Miami-Dade

By Eleazar David Melendez |

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

Power Lunch: NIU Kitchen Garners Attention After Low-Key Start

By Julie Kay |

NIU Kitchen's location on Northeast Second Avenue is not the typical place to find a power lunch spot.

Tim Lobanov

Despite Chinese Growth, Miami Investors Mostly Latin American

By Jennifer LeClaire |

Tim Lobanov, managing director of Verasca Group, shares his thoughts on the foreign investment coming into the Miami market.

ontainebleau in Miami Beach

Court: Daughter of Fontainebleau Heir's Killer-Wife Can Inherit

By Samantha Joseph |

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.

At 789 Ft. the Four Seasons Hotel is the tallest building in Florida

Kenny Nachwalter is Moving to Brickell to Avoid, Get This, Traffic

By Eleazar David Melendez |

Litigation boutique Kenny Nachwalter is moving from downtown Miami in part to avoid traffic, its broker says.

Room for Discretion: Appeals Court Spurns Key Biscayne Developer

By Celia Ampel |

The Third District Court of Appeal rules for the village of Key Biscayne after it rejected a developer's proposed site plan.

Cyril Bijaoui

213 Checks Out the 305: Southern Californians Eyeball South Florida Real Estate

By Eleazar David Melendez |

Broker Cyril Bijaoui is luring Californians to invest in Miami by showcasing South Florida's geographic diversification and tax benefits.

Roy and Adam Diaz

Bankruptcy Judges Clamp Down on Homeowners in Foreclosure

By Samantha Joseph |

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.

19-21 NE 39th St. in the Design District.

Native Trees Seen as Design District Salvation

By Eleazar David Melendez |

Trees were planted along eight blocks in Miami's Design District to solve the weather challenges posed by sticky South Florida summers.

Diamante1-Mexico

Surf's Up! No Ocean No Problem for Lagoon Creator

By Eleazar David Melendez |

A water technology firm is pitching developers on what was an impossible dream: creating a beach anywhere.

Oops! How a Mistake Cost Bank of America in Foreclosure Case

By Samantha Joseph |

The Fourth District Court of Appeal rules Bank of America made a costly mistake and subtracted $196,000 in interest before affirming the foreclosure.

Design District Property Sells for $3,000 Per Foot

By Eleazar David Melendez |

Miami Beach investor David Edelstein paid $65 million for three buildings in Miami's Design District.

New Foreclosure Climate Brings Law Firm Casualties

By Lizzy McLellan and David Gialanella |

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.

Joe Grant

It's a Miracle! Both Sides Win in Unique Foreclosure Solution

By Samantha Joseph |

Attorney Joey Michael Grant helped work a solution where a congregation in need of a building bought the note of a church facing foreclosure.

Ignacio Diaz

Venezuelan Developer Bucks Trend by Building in Broward, Boca Raton

By Samantha Joseph |

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.

Review Honors Young Lawyers Who Are Rising Stars

By Review staff |

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

Cookie-Cutter Kitchens Just Don't Cut it Anymore

By Eleazar David Melendez |

Alexandros Xakoustis said a focus on star designers and luxury construction finishes has provided many new challenges for his kitchen designing company, Italkraft.

House Nightclub in Wynwood

Why Miami's House Nightclub is Picking a Fight With City of Miami

By Eleazar David Melendez |

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.

Related Sells Lauderdale Complex for $149 Million

By Samantha Joseph |

TIAA-CREF buys the 382-unit Manor at Flagler Village for $390,052 per unit.

Marlins Park

Pay Ball! Why Miami Marlins Sued Real Estate Investor

By Eleazar David Melendez |

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.

Lennar Branching Out Big Time With $1 Billion Commitment to Apartments

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.

Outdoor seating at Seasalt and Pepper restaurant on the Miami River

Miami River Board Looking to Clear Waterfront Promenade

By Eleazar David Melendez |

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.

How Chinese Demand for EB-5 Visas Has Slowed Things Down

By Samantha Joseph |

They're eager to invest in real estate, but a backlog might lead Chinese investors to delay deals under the EB-5 visa program.

Partners Plead Guilty in $65M Miami Mortgage Fraud

By Eleazar David Melendez |

Two partners in a real estate development and finance company and a senior underwriter plead guilty to wire fraud conspiracy charges.

Holiday Inn, Naples on 1785 Fifth Ave.

Why a Seven-Figure Loan on a Holiday Inn in Naples Shows Miami Isn't Florida's Only Hot Market

By Jennifer LeClaire |

HFF arranges a seven-figure mortgage with BankUnited for the 108-room Holiday Inn.

Suntrust International Center, 1 SE 3rd Ave, Miami, offers a fitness center and conference center.

Duh! Studies Find Miami Office Tenants Seek Views, Amenities (Slideshow)

By Eleazar David Melendez |

Even when they're typing away at computers, it appears Miami office workers still want waterfront views and luxury amenities.

RealtyTrac: Zombie Foreclosures Decline in South Florida

By Samantha Joseph |

The improving economy and better lender outreach mean fewer South Florida homes are being abandoned during foreclosure.

Mark Zuckerberg

Zuckerberg's Gumshoe Had Mission to Intimidate, Developer Says

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.

Coral Springs Office Buildings Sell for $20 Million

By Samantha Joseph |

A New York investor promises to spend big in South Florida after acquiring buildings at the Heron Bay Corporate Campus.

Ryan Bailine, with Greenberg Traurig

Downtown Miami Tower Plan Shoots for the Sky

By Eleazar David Melendez |

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.

2 Big Construction Loans Cleared for Miami, Doral Projects

By Eleazar David Melendez |

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.

Eden Roc Miami Beach, 4525 Collins Ave.

Lenders Find Favor With Beach Hotel Investments

By Eleazar David Melendez |

Miami Beach's Eden Roc lands a $190 million loan, and Surfside's Grand Beach comes up with $50 million.

Conrad Miami located at 1395 Brickell Ave.

Just How Much Will Sale of Brickell's Conrad Miami Be?

By Samantha Joseph |

The sale of the Conrad Miami is likely to be a one of the year's biggest deals with bids over $100 million.

657 Washington Ave., Miami Beach

One Side of South Beach Block Sells for $36 Million

By Eleazar David Melendez |

A joint venture scoops up half a block of Washington Avenue for $36 million—and borrows $45 million against it.

Lennar Development Venture May Go Public

Five Point Holdings, a developer of master-planned communities in California co-owned by Miami-based Lennar Corp., is considering an initial public offering.

Dan McCawley

Change of Strategies: Buyer to Keep Fort Lauderdale Property as Marina

By Samantha Joseph |

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.

If Time Is of Essence for Zoning Change, Contract Better Say So

By Oscar R. Rivera |

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.

Key Biscayne Goes to Court Again Over Miami's Plan for Marine Stadium

By Eleazar David Melendez |

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.

CityPlace Doral rendering

Related Gets $137M Loan for Doral Complex

By Samantha Joseph |

The Related Group secures the loan from Regions Bank to finance the first phase of CityPlace Doral with retail and residential segments.

Ritz-Carlton Fort Lauderdale Beach

Stake in Lauderdale Ritz-Carlton Sells for $45 Million

By Eleazar David Melendez |

In a hot market for South Florida hotels, a Miami hotel developer sells a majority stake in the trophy oceanfront property.

Sergio Pino, President, CEO, Century Homebuilders Group.

Sergio Pino, Veteran Miami Developer, Why he's Shrinking to Survive

By Samantha Joseph |

Coming back from the brink of financial ruin, Sergio Pino is rebuilding his empire one townhouse at a time.

117 NE First Ave.

Historic Miami Building Condos Sells for $23.5M

By Eleazar David Melendez |

A portolio of residential and commercial condos in Miami's Security Building is sold to an Aventura-based real estate investment trust.

1135 103rd St., Bay Harbor Islands

What's Next Now That County Commissioners Junk Historic Designation in Bay Harbor Islands?

By Eleazar David Melendez |

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.

Toymaker's Home With Rotating Room Sells for $38 Million

By Eleazar David Melendez |

A 9.4-acre estate on exclusive Jupiter Island sells for a record $38 million.

Homes Prices Climb Steadily as Miami, Tampa Surge

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

Construction From a General Contractor's Perspective

By Eleazar David Melendez |

Adam Mopsick, CEO of Miami-based general contractor Amicon Construction Management, speaks about the joys and challenges of being in a bountiful market.

The Zilbert Realty Store, at The Shops of Fifth and Alton

Why Luxury Beach Brokerage Gobbled by New York Company is a Good Sign

By Samantha Joseph |

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.

Developer Michael Simkins, Lion Associates, left, with his attorney Anthony L. Recio, with Weiss Serota Helfman Cole & Bierman PL, at City of Miami zoning board meeting about the 633-foot media tower that Simkins wants to build.

Miami Commission Rejects Giant LED Billboard Idea

By Eleazar David Melendez |

Miami city commissioners dealt what could be a crippling blow to plans for a 58-story LED billboard tower north of downtown.

Matthew Rieger, Esquire - President and CEO.Housing Trust Group

Long Quest for Affordable Homes in Miami's Overtown

By Eleazar David Melendez |

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 at 200 SE 2nd St.

Power Lunch: Crowds Flock to Whole Foods' Casual Alternative [SLIDESHOW]

By Julie Kay |

Whole Foods gives thousands of workers a quicker and more affordable alternative to pricey steakhouses and sit-down restaurants.

The Miami skyline in 2014 with Brickell on the left and Downtown to the right.

Condo Terminations: Breaking Up Gets Harder to Do

By Jeffrey Margolis |

A new state law prompted by the housing crash changes the rules for condominium terminations.

Lennar Corp., the second-largest U.S. homebuilder, jumped the most in nine months after reporting higher-than-expected earnings for its fiscal second quarter as the revived U.S. economy spurs new housing demand. (AP Photo/Damian Dovarganes)

Lennar Profit Beats Estimates as Jobs Gains Spark Buying

By John Gittelsohn |

Miami-based Lennar Corp. jumped the most in nine months after reporting higher-than-expected earnings for its fiscal second quarter.

Miami Airport Sheraton Sells for $42 Million

By Eleazar David Melendez |

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.

Here Are Several Factors Why Home Sales Are Finally Surging

By Josh Boak and Alex Veiga |

Real estate has gotten hot again. Home sales are on pace for their best year since 2007.

US Group to Preserve Hemingway Items in Havana Home

By Michael Weissenstein |

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.

Jeff Greene vacant waterfront land in West Palm beach

Billionaire Greene Consolidates West Palm Beach Land

By Samantha Joseph |

Billionaire Jeff Greene now owns most of the vacant waterfront land in downtown West Palm Beach.

David Polinsky, managing partner, 250 Wynwood

Miami Neighborhood Transformation: Wynwood Goes From Industrial Chic to High-Rise Residential

By Eleazar David Melendez |

The Miami zoning board unanimously recommended significantly denser zoning in Wynwood's gentrifying industrial district.

David Cassidy

Judge Sets Auction for David Cassidy's House

By Samantha Joseph |

Former teen idol David Cassidy's waterfront mansion in Fort Lauderdale is set to hit the auction block Aug. 19, creating a great opportunity for a Patridge Family fan.

Chase Berger

Judge Sends Foreclosure Surplus to Third Party

By Samantha Joseph |

A third party who wasn't the owner of record won $26,000 in surplus funds from a foreclosure sale, even surprising attorney Chase Berger.

Bath Club Condo Miami Beach. 5959 Collins Avenue, Miami Beach 33140

At Your Service: Bath Club Condo Owners to Get More Than Developer Wanted to Give

By Eleazar David Melendez |

Residents of the swanky Residences at the Bath Club in Miami Beach should soon be able to enjoy poolside drink service under a state appeals court decision.

Amendment 1 Backers 'Exploring Every Option We Have'

By News Service of Florida |

Backers of a ballot initiative known as Amendment 1 contend lawmakers "ignored" the desires of voters by using a boost in environmental funding to cover the costs of daily state operations while setting aside too little for land buying.

Jennifer Lopez

'Another Day in Paradise' as Phil Collins Grabs J. Lo's Old Manse for $33 Million

By Samantha Joseph |

Singer Phil Collins pays big for 1.2-acre estate on Biscayne Bay in Miami Beach.

Tomas Regalado

Miami, Key Biscayne Officials Agree to Disagree on Virginia Key

By Eleazar David Melendez |

Elected leaders from the two cities accomplished little in a meeting Tuesday intended to hammer out their differences in development visions for Virginia Key.

Raoul Thomas, CEO of CGI Merchant Group

What's Driving CGI Merchant Group Investments in South Florida Real Estate?

By Eleazar David Melendez |

Raoul Thomas, CGI's founder and CEO, speaks about his firm's contrarian approach and conservative underpinnings.

Real Estate broker Edie Laquer

Miami Worldcenter, Edie Laquer Settle Investment Litigation

By Eleazar David Melendez |

Power broker Edie Laquer and the developer behind the Miami Worldcenter project have settled litigation over her claim to a stake in the sprawling project.

Former NFL Player's $8B Mortgage Lender Started With a Google Search

Casey Crawford went from playing on a team that won the Super Bowl to running a mortgage company that he expects to originate almost $8 billion in U.S. home loans this year.

Whitman Family Gallery, displayed at the HistoryMiami

HistoryMiami Looks at Real Estate Past of Whitman Family (Slideshow)

By Eleazar David Melendez |

The Whitman real estate family can brag about its South Florida work being featured at HistoryMiami.

Parcel B at 601 Biscayne Blvd.

Activists Dedicate Land to Late Miami Attorney Dan Paul

By Julie Kay |

Activist groups are naming a piece of prime waterfront land next to American Airlines Arena in honor of the late Miami attorney and environmentalist Dan Paul in an authorized dedication.

SLS Hotel at 1701 Collins Avenue

SLS South Beach Sells for $125 Million After Makeover

By Eleazar David Melendez |

One of the hippest hotels on Collins Avenue trades for nearly $893,000 per room.

Foreclosure

Judge Rules No Limits to Attorneys' Foreclosure Depositions

By Samantha Joseph |

A foreclosure judge denies two attorneys' request to limit the scope of their depositions in an alleged witness-coaching scandal.

$855,000 Awarded in Sunny Isles Beach Eminent Domain Case

By Celia Ampel |

A Miami-Dade jury awarded $855,000 to the owner of a property that was partially taken by the city for a bridge.

Jupiter Townhouse Complex Sells for $76 Million

By Eleazar David Melendez |

The 311-unit TGM Floresta Apartments was sold by a New York investor for $244,373 per unit to a Massachusetts-based real estate invetment trust.

District Judge Kenneth A. Marra

Miami Firm Ordered to Pay $2.3 Million in Mortgage Relief Scam

By Celia Ampel |

U.S. District Judge Kenneth Marra ordered Litvin, Torrens & Associates to pay the receiver for Prime Legal Plans LLC, which was shut down by the Federal Trade Commission in 2012.

Akerman's Prediction: Miami Hotels Will Stay Hot for Real Estate Investors

By Eleazar David Melendez |

An Akerman real estate report makes some impressive predictions about the attractiveness of Miami's hospitality industy in the short and long term.

Fontainebleau II condos

3 Fontainebleau Condo Units Selling in Bankruptcy Auction

By Samantha Joseph |

Three luxury condominiums at the Fontainebleau Miami Beach that are being auctioned were owned by Imperial Capital Bank, which filed for Chapter 11 bankruptcy.

House confiscated by the Castro regime that once belonged to the family of Attorney Jesus Suarez, with Genovese Joblove & Battista.

Back in Time: Attorneys Visit Their Families' Former Homes in Cuba Before Castro (Slideshow)

By Julie Kay |

For a handful of Cuban-American attorneys visiting Cuba with a Florida Bar delegation, the trip was a journey to their roots.

Foreclosure

Hearing Set on Bank's Foreclosure Confidentiality Request

By Samantha Joseph |

Mortgage lender Deutsche Bank wants to seal court filings in a foreclosure case after a defense attorney accused the mortgage servicer's attorney of coaching a witness with a detailed question-and-answer sequence.

LeBron James

LeBron is LeGone, and Soon, So Will His Miami Estate

By Eleazar David Melendez |

As he tries to lead his hometown Cleveland Cavaliers to an NBA championship, LeBron James agrees to sell his Coconut Grove estate.

Alex D. Zylberglait

The Art of Wooing: Commercial Broker Talks Foreign Buyers

By Eleazar David Melendez |

Alex Zylberglait of Marcus & Millichap said Latin Americans want to invest in Miami because of their familiarity with the city.

Brickell City Centre rendering

Miami's Luxury Condo Craze Burns Out on Strong Dollar

The sales office for condominiums at Miami's Brickell City Centre attracted more than 100 visitors daily last year, but now, the flow of people has trickled to about a quarter of what it once was.

Foreclosure Loser Moves to Disqualify Judge

By Samantha Joseph |

Defense attorneys want Miami-Dade Senior Circuit Judge Jon Gordon thrown off a foreclosure case after he questioned their client's testimony and threw out her defenses.

Notice to Property Owners: Trying to Bribe Miami Inspectors Will Land You in Jail

By Eleazar David Melendez |

A Miami building owner pleads guilty to a federal bribery charge after paying to get city inspectors to clear code violations.

Proponents of Buying Land Could Have Uphill Climb

By News Service of Florida |

Despite continued lobbying and statewide rallies, lawmakers with control over a water-and-land funding package don't appear to be open to pleas to increase spending on environmental lands.

Miami Worldcenter rendering

Developer Sues to Reverse Miami Worldcenter Vote

By Eleazar David Melendez |

Real estate millionaire Martin Marguiles is suing Miami over the way the city approved an $88 million tax rebate for the 10-block redevelopment project.

Wei Chen

Would-Be Fashion Mall Developer on China's Most Wanted List

By Samantha Joseph |

Wei Chen, would-be redeveloper of Plantation's Fashion Mall, is accused of stealing $120,000 from a state-owned Chinese brewery in 1999.

James L. Ferraro

Attorney Jim Ferraro Buys Fisher Island Penthouse

By Eleazar David Melendez |

Famed South Florida litigator Jim Ferraro is taking a 6,644-square-foot unit with a terrace almost as large in a building under construction on Fisher Island.

Thomas Ice

Firm Wants Thomas Ice Off Foreclosure Case After Daily Business Review Article

By Samantha Joseph |

Opposing counsel want foreclosure defense attorney Thomas Ice thrown off a case after he released a question-and-answer sheet prepared for records custodians testifying for lenders.

Palm Beach Outlets

Clarion Partners Pays $278 Million for Palm Beach Outlets

By Samantha Joseph |

The New York-based real estate investment firm pays $570 per square foot for the former Palm Beach Mall property.

The Phillips Point office complex in West Plam Beach

Choice West Palm Office Property Sells for $246 Million

By Samantha Joseph |

Phillips Point, an exclusive West Palm Beach office complex, traded for $245.5 million in one of the biggest South Florida real estate deals this year.

The Kennedy compound in W. Palm beach

President John F. Kennedy's Compound in Palm Beach Sells for $31M

By Samantha Joseph |

President John F. Kennedy's Winter White House in Palm Beach was purchased by a powerful New York real estate family.

More Older Americans Are Being Buried by Housing Debt

Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They're lining up gigs for their family jazz band.

Third District Court of Appeal

3rd DCA Sends Dispute Between Real Estate Giants Back to New York

By Eleazar David Melendez |

Following a brief detour through the Florida courts system, a dispute between two giants of South Florida real estate over an affordable housing project in New York City appears headed back north for abritration.

Foreclosure Defenses Dismissed After Homeowner Lies in Court

By Samantha Joseph |

Miami-Dade Judge Jon Gordon seemed to lose his patience after a witness appeared to commit perjury during a foreclosure hearing.

Bay Area Broker Becomes Billionaire on Sub-$10M Listings

Marcus & Millichap Inc.'s website has more than 2,800 commercial properties for sale. The most expensive is a hotel on the New Jersey side of the Lincoln Tunnel for $50 million. The cheapest: a Memphis apartment building listed at $55,000.

Miami Worldcenter rendering

Labor Activists Take Aim at Worldcenter Developers

By Eleazar David Melendez |

A coalition of labor activists is looking to put a hurdle in front of the Miami Worldcenter developers, demanding a more generous package of wage and job guarantees to the poor of Miami.

3rd DCA Panel Tosses Lawsuit Against SkyRise Project

By Samantha Joseph |

A Miami paralegal had no legal standing to block the proposed 1,000-foot SkyRise project, the Third District Court of Appeal found.

Michael Jackson's Neverland Ranch on the Market for $100 Million

Neverland Ranch, the former home of the late pop star Michael Jackson, is up for sale with an asking price of $100 million, according to a person with knowledge of the offering.