Real Estate News

Calvin Klein sold his Miami Beach home for $13.5 million. The North Bay Road home faces Biscayne Bay.

Calvin Klein Sells Miami Beach Waterfront Home

By Carla Vianna |

How much does a famous fashion designer's bayfront home sell for?

Fannie Mae Headquarters in Washington, D.C.

Dual Foreclosures Put Spotlight on Dangers of Investment

By Samantha Joseph |

A complex web of litigation involving national mortgage lenders Fannie Mae and CitiMortgage Inc. squeezed a real estate investor out of what initially seemed like a lucrative deal.

Lori Hartglass, left, and Michael Denberg of Arnstein & Lehr.

Two-Year Contract Finally Closes on Bayfront Site

By Carla Vianna |

An Arnstein & Lehr legal team guides the closing of a complicated deal in Tampa between two South Florida developers.

Downtown Miami skyline.

Federal Luxury Real Estate Deal Oversight on Verge of Expiration

By Carla Vianna |

A Treasury Department program aimed at tracking dirty money in South Florida's luxury housing market is set to expire Thursday.

10400 NW 122nd St, Medley.

Medley Industrial Draws $106 Million Out-of-State Buyer

By Carla Vianna |

An Illinois developer makes a splash in Medley with its purchase of a FedEx-leased facility.

John Metzger, managing member of the West Palm Beach office of McDonald Hopkins, and associate Alexa Guevara.

Legal Project: Bringing 4 Parties, 3 Exchanges Together in 1 Hotel Deal

By Carla Vianna |

Two McDonald Hopkins attorneys help an out-of-state real estate group make its first purchase in South Florida, securing a West Palm Beach hotel.

Michael Comras, president of Comras Company of Florida Inc.

Transformational Work Set for Miami Retail, Transit and Public Housing

By Carla Vianna |

What's in store for Miami 2.0? The list includes transit-oriented development, a major overhaul of a New Deal-era publix housing complex and the redevelopment of dated retail centers.

David Simon speaking at the UM Real Estate Impact Conference at the Four Seasons on Brickell Avenue.

Simon: Consumers Follow Retail Critical Mass

By Carla Vianna |

Simon Property Group CEO David Simon tells retailers to invest in themselves.

Wifredo A. Ferrer, U.S. attorney for the Southern District of Florida.

17 Indicted in Florida Condo Mortgage Scam

By Samantha Joseph |

Prosecutors indicted 16 South Floridians among 17 people accused of operating a vertically integrated mortgage fraud.

Watermarke at Biscayne.

North Miami Apartments Sell to Tampa Buyer for $62M

By Carla Vianna |

The value of the 11-acre complex appreciated 45 percent in five years.

Former home of Erik Spoelstra in Coconut Grove.

Spoelstra Sells Miami Home for $2.5 Million

By Carla Vianna |

Miami Heat coach Erik Spoelstra sells hiis Coconut Grove home after just nine months.

Westfork Plaza, 15977 Pines Boulevard, Pembroke Pines.

Pembroke Pines Retail Centers Sell to REIT in $163 Million Deal

By Carla Vianna |

The two neighboring plazas on Pines Boulevard west of Interstate 75 nearly doubled in price in less than three years.

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

Miami Office Space Can Be Found by Those Who Search

By Carla Vianna |

Large and small chunks of space are available for rent in downtown Miami.

Rosenthal Rosenthal Rasco partners Eduardo I. Rasco and Kerry E. Rosenthal

Attorneys Rescue $21M Deal Stalled by Litigation

By Carla Vianna |

The deal is a "textbook example" of how Rosenthal Rosenthal Rasco's real estate and litigation teams work together.

Real Estate Partner Stresses Value of Networking, On-Time Performance

By Carla Vianna |

Lori Hartglass, an equity partner with Arnstein & Lehr, dove deep into the community to establish her client roster, including the company planning to build the largest mall in America.

Michael Gelfand, attorney with Gelfand & Arpe in West Palm Beach.

Appeals Court Reverses Self in Real Estate Case That Spawned 8 Amicus Briefs

By Samantha Joseph |

A state appellate court reversed itself on the application of Florida's lis pendens statute after a rehearing supported by several amicus briefs.

15501 SW 29 Street, Miramar.

Drug Company Buys Miramar Warehouse for $50 Million

By Carla Vianna |

The 2014-built warehouse trades for $165 per square foot to Canada's largest pharmaceutical company.

Ron Shuffield, president and CEO of Esslinger Wooten Maxwell Inc.

2,550 for Sale: Miami Sees Record Luxury Condo Glut

By Carla Vianna |

At the current pace, it will take more than four years to clear the condo listing pages in Miami-Dade County.

Pompano Plaza.  401 N. Federal Highway, Pompano Beach.

Broker Guides Pompano Retail Sales Decade Apart

By Carla Vianna |

Bill Lebo represented both the buyer and seller of a $6.1 million retail plaza in Pompano Beach.

From left, Gary Goldfarb, an FTZ consultant; George Yap, owner of LEASA Industries; Ron Butler, executive director for the 79th Street Corridor Initiative; and Norman Taylor with Norman E. Taylor & Associates.

Foreign Trade Zone to Bring Industrial Development

By Carla Vianna |

New warehouses will be built in Miami-Dade County's 79th Street corridor, which has been designated a Foreign Trade Zone.

Russians Lead Online Miami Real Estate Hunt

By Carla Vianna |

Russian consumers led real estate searches on the Miami Association of Realtors website in November.

Cypress Creek Medical Pavilion rendering.

Medical Office Complex Coming to Cypress Creek

By Carla Vianna |

A new medical office building is offering build-to-suit leases for physician groups in Fort Lauderdale.

Ben Mandell and Scott Sherman.

Miami Real Estate Investors Seeking Transactions

By Carla Vianna |

Scott Sherman and Ben Mandell have create Tricera Capital, a real estate investment company focused on commercial properties in both emerging and mature markets.

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

Construction Loan Given to Aventura Condos in Litigation

By Carla Vianna |

The litigated Prive at Island Estates project lands a $102 million construction loan, which guarantees completion of the project fought by neighbors.

Real Estate broker Edie Laquer

Miami Legal Services Gets $1 Million Gift From Edie Laquer

By Carla Vianna |

Edie Laquer's $1 million donation to Legal Services of Greater Miami will ensure representation for more of the community's women and children.

Biscayne Green project street marker on Biscayne Boulevard in downtown Miami.

Quick Biscayne Boulevard Experiment Ends, Flagler Street Work Drags On

By Carla Vianna |

Major changes are coming to downtown Miami's main traffic corridors.

Donna Abood, left, and Michael Fay, right.

60-Site Search Narrowed for Radio Station Owner

By Carla Vianna |

Avison Young inks a lease deal for a major radio broadcasting company in Miami's Little River neighborhood.

Peter Mekras.

More Apartments Coming to Miami Than Condos

By Carla Vianna |

The influx of new apartment units in South Florida will slow the leasing time for new high-end projects, which will dampen trade activity next year as developers take longer to fill their finished products.

E. Cole FitzGerald III, left, and James A. Burnham, right, of FitzGerald Mayans & Cook.

Real Estate Agent's Lawsuit Revived on Industry Definition

By Samantha Joseph |

An industry nuance tipped the scales for a real estate agent looking to collect an $80,000 sales commission.

Northbridge Centre, 515 N Flagler Drive, West Palm Beach

Lytal Reiter Renews Lease at Northbridge Centre

By Monika Gonzalez Mesa |

West Palm Beach law firm Lytal, Reiter, Smith, Ivey & Fronrath has signed a long-term renewal of its existing space at Northbridge Centre, a lease valued at more than $5 million.

Yamal Yidios, founder of Ytech International in Miami.

Brickell Office Tower Sells for $26.5 Million

By Carla Vianna |

The low-rise tower with a litigious past carries the BankUnited name.

TIAA Real Estate Arm Opens in South Florida

By Carla Vianna |

TH Real Estate, a division of TIAA Global Asset Management, has launched a Miami office to oversee investments in the Southeastern U.S. and Latin America.

9705-9771 NW 41st St., Doral.

Doral Retail Center Sells for $71 Million

By Carla Vianna |

The Publix-anchored Doral Plaza went for $558 per square foot.

Christopher Zoller, broker associate, EWM International

International Homebuyers Spend at Record Levels in South Florida

By Carla Vianna |

Foreign buyers led by Venezuelans spent $6.2 billion on homes in South Florida last year.

Sunny Outlook for South Florida Commercial Real Estate

By Carla Vianna |

Industry professionals expect a solid 2017 for most sectors. What to watch out for? Retail oversupply and increasingly tight office anhd industrial markets.

Keith Costello, left, and Jeff Cannon, right, of First Green Bank.

First Green Bank Funds Self-Storage Construction

By Carla Vianna |

The bank's Fort Lauderdale team arranges a $9 million construction loan for a new self-storage facility in Naples.

Related's Karson to Lead CBRE in South Florida

By Carla Vianna |

Former Related Group executive Arden Karson is running CBRE's South Florida operations.

Shoppes of Wellington Green at 10500-10590 Forest Hill Blvd. in Wellington.

Wellington Retail Sells for $19 Million

By Carla Vianna |

The Shoppes of Wellington Green goes for about $149 per square foot.

Brown Harris Buys Avatar Brokerage in Miami

By Carla Vianna |

New York luxury real estate firm Brown Harris Stevens buys Avatar Real Estate Services in Miami.

Cranes sprouting the skyline of Brickell as new condo construction rises

Florida Contractors See New Year Transit, Education Opportunities

By Carla Vianna |

Builders are struggling with labor shortages but are optimistic about president-elect Donald Trump's infrastructure message.

Condo Dissolved to Make Way for Student Housing

By Carla Vianna |

Miami attorney Guillermo Mancebo guides a $16.6 million condominium termination in Sweetwater.

Palm Beach Health Care Signs $18.5M Office Deal

By Carla Vianna |

The Health Care District of Palm Beach County inks a large lease for its new home in West Palm Beach.

Canadian Buyer Steps Forward for Former Lauderdale Trump Tower

By Carla Vianna |

Under new ownership, the oceanfront condo-hotel property with a troubled past is heading for completion.

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

Canadian Snowbirds Feel the Chill, Check Miami Real Estate

By Carla Vianna |

There's a new real estate buyer in town: Canadian snowbirds have kicked Colombian house hunters to the side, a report says.

The Tiffany Building on Palm Beach's Worth Avenue.

Tony Palm Beach Tiffany Building on the Market

By Carla Vianna |

Start the bidding. The home of Tiffany & Co. and two other luxury stores on the pricey Worth Avenue retail strip is up for sale for the first time.

Mortgage Rates, Home Sales and Prices Seen Rising in 2017

By Alex Veiga |

Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year.

Tom Barrack, chairman of Colony Capital LLC, speaks during an interview in Los Angeles, California, U.S., on Friday, Nov. 13, 2015. In September, Starwood Waypoint Residential Trust, which rents out single-family homes, agreed to merge with billionaire Barrack's American Homes to create a company with more than 30,000 housing units.

Wall Street, America's New Landlord, Kicks Tenants to the Curb

By Prashant Gopal |

On a chilly December afternoon in Atlanta, a judge told Reiton Allen that he had seven days to leave his house or the marshals would kick his belongings to the curb. In the packed courtroom, the truck driver, his beard flecked with gray, stood up, cast his eyes downward and clutched his black baseball cap.

110 Arvida Parkway, Coral Gables, Fla.

Housing Market Expected to Climb to All-Time High

By Carla Vianna |

The U.S. housing market has hit a new high.

Condo Terminations Expected to Rise as Developers Look to Older Buildings

By Carla Vianna |

Real estate attorneys expect condo terminations to rise as developers scour the Florida coast for new opportunity, despite a changing legal landscape that has made the termination process more complex.

Scott Tye, left, and Robert Granda, right.

Franklin Street Duo Helps Sell Miami Office Property

By Carla Vianna |

A Franklin Street duo represented both buyer and seller of an office property in Miami's Kendall neighborhood.

The office tower at 1601 Washington Ave. in Miami Beach traded for $80 million.

With 2017 Approaching, South Florida's Real Estate Market Is Still Kicking

By Carla Vianna |

A number of commercial real estate transactions have flown into the South Florida market over the last several days.

Kluger Kaplan’s Abbey Kaplan, left, and Marko Cerenko, right.

In Contentious Fight, Court Rules Miami Juice Bar Can Stay

By Carla Vianna |

A healthy juice shop in Sunny Isles Beach prevailed in a legal dispute that could've resulted in the shop's eviction.

Charles Penan and Howard Taft

Aztec Team Secures Loan for Office Space Planned in Aventura

By Carla Vianna |

Aztec Group Inc. secured a $20 million construction loan for a new office tower in Aventura.

A Topgolf venue in Tampa.

Topgolf Bringing Tech-Driven Complex to Miami Gardens

By Carla Vianna |

A 65,000-square-foot interactive golf entertainment venue will open near the Golden Glades interchange next year.

Latin musician Prince Royce is selling his swanky Coral Gables pad, a four-bedroom house that comes fully equipped with a soundproof recording studio, for just under $3 million. The modern home features a billiards room with a gold bar, a two-level closet, automated gates, pool, spa and outdoor kitchen.

South Florida Homes Get Less Affordable

By Carla Vianna |

The region's climbing home prices are widely outpacing wage growth.

See How Miami has Grown since 1984 in This Time-Lapse Video

In this time-lapse video from Google Earth starting in 1984, see how Miami has grown by about a million people from 1.7 million in 1984 to more than 2.6 million today.

November Single-Family Miami Sales Best in Seven Years

By Carla Vianna |

Buyers of single-family homes got busy in November with the presidential election decided and interest rates heading up.

Left to right: Fred Karlinsky and Mathew Hoffman, Greenberg Traurig

Greenberg Attorneys Navigate Insurance Purchase, Move

By Carla Vianna |

A Greenberg Traurig team guides the $15.4 million stock acquisition of Ashmere Insurance Co.

Barbara J. Jordan, Miami-Dade County Commissioner.

Compromise Housing Program Approved by Miami-Dade

By Carla Vianna |

County commissioners adopted a workforce housing program to address a growing affordability crisis.

Miami Jewish Health announced a $5 million gift from philanthropist Edie Laquer (left) toward building Miami Jewish Health's EmpathiCare™ Village, a first-of-its-kind medical support residence for the diagnosis, treatment and research of Alzheimer's disease and other memory diseases. Joining Laquer from Miami Jewish Health are, from left, Churé Gladwell, vice president and chief development officer; Jay Solowsky, chairman of the board; Jeffrey P. Freimark, president and chief executive officer; and Marc Agronin, vice president for behavioral health and clinical research.

Broker Edie Laquer Gives $5 Million Gift

By Carla Vianna |

The commercial real estate superstar donates $5 million to Miami Jewish Health to build a village for people with memory-related disorders.

The Wells Fargo Center at 333 SE Second Ave. in downtown Miami.

Wells Fargo Signs $32 Million Downtown Miami Lease

By Carla Vianna |

The bank signs the largest downtown lease of the year to consolidate its Miami operations at the Wells Fargo Center.

Howard Taft

Banks Cool on Region's Residential, But Some Lenders Are Still in Play

By Carla Vianna |

Luxury residential developers are having a hard time finding construction financing in South Florida. Here's why.

Miami's Porsche Design Tower.

Porsche Condo Tower With Personal Garages Nears Completion

By Carla Vianna |

The Porsche Design Tower gets its temporary certificate of occupancy and pays off its $214 million construction loan.

Palm Beach Commercial Sales Beating 2015 Levels

By Carla Vianna |

Move over, Miami. Palm Beach County's commercial real estate is on fire.