Real Estate News
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.
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.
Phillips Point, a Class A office property on South Flagler Drive, closed $46.5 million in recent leases.
A repositioning in the way each location approaches its real estate is a big part of rebranding the former Miami Subs chain.
The family of Miles Austin Forman divested more than 35 acres to a company linked to Charles Gusmano, CEO of Southern Waste Systems LLC.
Zillow, the real estate website that's acquiring smaller rival Trulia for $3.5 billion, reported second-quarter sales that topped analysts' estimates as traffic increased and more agents used its home-listing service.
The U.S. mortgage-bond industry is taking steps toward creating standards meant to help kick-start sales as the government seeks to wean the housing market from its support.
One of the earliest and most spectacular failures of the last real estate boom cycle appears to have come full circle following the purchase of a Kendall retail complex foreclosed in 2007.
The newest frontier for real estate developers? Churches.
NorthStar Realty Finance agreed to buy Griffin-American Healthcare REIT II for about $3.4 billion, expanding its holdings of medical-office buildings and senior housing.
As banks lose money on mortgages and retreat from the business, PHH Corp. is rushing to cash in.
Lawyers for people who say their homes were wrecked by defective drywall made in China have filed a new lawsuit against the manufacturers and a new defendant—the Chinese Cabinet agency that oversees the country's biggest state-owned companies.
With a backlog of applications for federal mortgage aid, some borrowers are at increasing risk of losing their homes to foreclosure, according to an auditor's report.
Bank of America has been ordered to pay $1.27 billion in penalties in connection with a wide-ranging mortgage fraud perpetrated by its Countrywide financial unit.
New York Mayor Bill de Blasio announced $350 million in loans for affordable housing provided by banks led by Citigroup Inc. as he forges closer ties to Wall Street, once one of his loudest critics.
Hialeah is attracting major developers for master-planned residential projects near I-75 and the Palmetto Expressway.
A landlord and broker working together to transform Miami's Wynwood neighborhood are locked in a legal fight.
Zillow's purchase of Trulia makes the online company such a force in U.S. real estate that its market value now surpasses that of Realogy Corp., owner of renowned brokerage brands from Coldwell Banker to Century 21.
Lenders aren't keeping pace with a mounting backlog of applications for federal mortgage aid, placing some borrowers at increasing risk of losing their homes to foreclosure, according to an auditor's report.
New post-recession tenants are feeding new projects and higher reale state prices across the region.
Jim Knight brokers the $20 million sale of historic Sundy House in a major downtown Delray Beach commercial real estate deal that leaves room for expansion.
Banks are handing out mortgages of as much as $10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans.
A Boston buyer pays $28.5 million—a 90 percent premium—for a Tamarac shopping center.
A Connecticut hedge fund manager keeps up a South Florida purchasing spree with a $32.25 million retail center acquisition in Davie.
In a $66.4 million deal, a Boston-based investor scooped up two Fort Lauderdale office towers housing law firms and financial service providers.
A much-delayed $60 bond issue vital to five affordable housing projects in Miami's Overtown neighborhood is finally moving forward.
Some homeowner associations ban marijuana smoking as a nuisance after legalization.
Blackstone Group is arranging a $336 million sale-and-leaseback deal for publicly owned buildings.
A prime site in downtown Miami could be sold next month after being tied up in receivership and litigation since 2008.
An investment group led by Sergio Rok and Jimmy Tate purchased the 39-acre Bahia Mar resort ground lease in Fort Lauderdale and plans a major makeover.
Donald Trump says he plans to turn the 115-year-old Old Post Office building into the finest hotel in Washington.
The Commerce Department reports shows real estate remains a weak spot in the economy.
A blighted area north of downtown Miami is being targeted by developers after decades of being ignored.
Office vacancy hit a five-year low, with brisk trading among corporate investors, who closed multimillion-dollar deals across South Florida.
The Third District Court of Appeal rules almost $100,000 left over from a foreclosure sale should go to the old homeowners, not Wells Fargo.
A Massachusetts investor is "aggressively seeking" real estate for up to 100 Dunkin' Donuts stores in South Florida after negotiating a $50 million deal to buy existing locations.
The developers of a proposed high-rise residential project in Aventura are claiming victory over the single-family neighbors who have fiercely opposed their project since it was announced.
The Hoffman Law Group was slapped with an emergency restraining order for alleged mortgage modification scams.
Pocket listings, where buyers and sellers skip publicly circulated real estate listings, are rising as the South Florida residential market rebounds.
A former co-owner has sued his business partner over a loan for the purchase of One Bal Harbour Hotel & Spa.
A 16,000-square-foot mansion in exclusive Indian Creek Village sells for $28 million.
More then 40 developers are expressing interest in creating a city center complex on Commercial Boulevard in a city best known as a retirement haven.
The West Palm Beach hub would be a nearly 60,000-square-foot station and platform off Quadrille Boulevard between Datura and Evernia streets.
JPMorgan Chase's Jamie Dimon wants clearer rules over when the government will demand triple penalties.
The owner of a Fort Lauderdale condo hotel has disposed of much of the property in a bulk sale at a steep discount from previous unit sales to New York-based Related
A 1,216-acre quarry that led to the downfall of former Palm Beach County Commissioner Tony Masilotti sold for $77 million.
Long left for dead, plans for a Miami streetcar are alive again and could be up for public discussion by September.
Blackstone Group LP, stepping up bets on Spain's economic recovery, is buying about $8.7 billion of mortgages from CatalunyaCaixa SA for $4.87 billion.
Standard Pacific Homes is building and selling homes in 27 developments from Florida to California and is believed to be the first to offer a pet suite as an option in every one.
Housing starts unexpectedly declined in June to a nine-month low, led by a record plunge in the South that shows the construction industry must still overcome hurdles before it can contribute more strongly to U.S. economic growth.
A neighboring shopping center has filed suit against the $1 billion Metropica project, which received final city approval Tuesday.
Delray Beach's historic marina district was built primarily between 1922 and 1943 and highlights the designs of prominent architects including Gustav Maas, Sam Ogren Sr. and John Volk.
Socialite and entrepreneur Ivana Trump made millions by selling the property she bought for $4.4 million in March 1994.
A multimillionaire Argentinian family has plunked down $125 million for 1.11 acres site at the mouth of the Miami River next to the Epic Hotel, a record for undeveloped land in Miami.
A proposed Downtown Miami residential condo tower is looking to push the envelope in more ways than one.
Broward Circuit Judge Sandra Perlman's ruling against Fannie Mae could clear the way for condo associations looking to recover overdue fees after foreclosure.
Real estate agents are increasingly pitching sellers to skip the multiple listing service and let the agent market the home privately.
Citigroup agrees to pay $7 billion to settle a federal investigation into risky subprime mortgages, which helped bring on the financial crisis.
Radian Group and MGIC Investment are among mortgage insurers that would need to fill a financial gap under new financial-strength rules proposed by the Federal Housing Finance Agency.
Investment dollars for residential and mixed-used projects are flowing into the Miami River's northern industrial corridor.
Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
Sara Stevens isn't sold on the idea of homeownership even though her dad, David Stevens, is the chief executive officer of the Mortgage Bankers Association.
As large investors such as American Homes gain access to lower-cost capital and develop greater management efficiencies, they will be positioned to buy smaller operators.