Midtown Miami is back, and developers are latching on to the neighborhood's arts-centric vibe for condo marketing.
Real Estate News
City commissioners made one revision before approving a Midtown Miami store, but opponents may be heading to court again.
In a rare move, the struggling Bella Luna condo association filed for Chapter 11 bankruptcy protection to stave off fallout from the the housing crash.
Sen. Tim Johnson wants to give Fannie Mae and Freddie Mac another chance to prove they can carry the home loan system as private companies.
As a company founded by a Miami attorney asks to lead a $121 Million redevelopment of the city-owned Miami Marine Stadium, one of the principals likely to show up at City Hall to make that case appears to be on the verge of personal bankruptcy, the Daily Business Review has learned.
City Commissioner Francis Suarez said our story on Federico Coupe filling for personal bankruptcy protection in October after fighting off creditors for years, was the final nail in the coffin for the proposal.
Economists say the brisk pace of home sales in October is a sign the sluggish housing market is turning around.
Paramount Group Inc., an office landlord, raised $2.3 billion in the largest-ever initial public offering for a U.S. real estate investment trust.
A legacy foreclosure suit from the Law Office of David J. Stern was salvaged by a replacement law firm in favor of U.S. Bank.
Lawyers for the U.S. and Wells Fargo & Co. told a judge they doubt they can reach a settlement in a government lawsuit accusing the bank of home-mortgage fraud, a person familiar with the matter said.
Construction of new homes fell slightly in October after a big surge the previous month, but the weakness was largely driven by the volatile apartment sector.
A redevelopment plan for the Miami Marine Stadium would add adding thousands of square feet of commercial operations to the grounds around the landmark concert venue.
An EB-5 fundraising dispute led to an $800,000 judgment against North Palm Beach developer Nick Mastroianni.
A dozen Wendy's outlets with above-average sales are sold by a Coral Springs company.
Institutional investors are scooping up thousands of South Florida properties from commercial to residential.
The Supreme Court said it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home's market value has dropped below the amount they owe on the first mortgage.
A Chinese developement executive tells a Miami condo conference about China's interests in bringing its financier-builder concept to South Florida.
Mel Watt, director of the Federal Housing Finance Agency, says a return to 3 percent down payment is a "narrow effort" to bring more minorities into the housing market.
A successful Chinese artist who moonlights as an artistic director on real estate ventures across the world has a message for developers: you're doing it all wrong.
A luxury real estate broker faces decades behind bars after pleading guilty to seven counts of wire fraud.
Construction billionaire Leo Vecellio's former Palm Beach house sells 25,000-square-foot mansion.
Two groups that have combined on four joint ventures picked up the 10-story tower at 901 Ponce de Leon Blvd.
A contentious closing on a $3 million deal sparked a two-year legal brawl in Miami for a seller accused of reneging on the contract in hopes of a bigger payday.
A missing property description cost Wells Fargo a foreclosure in the Fourth District Court of Appeal.
Beazer Homes USA Inc. reported fiscal fourth-quarter profit of $59.8 million.
A consortium of bankers won a financing deal for the construction of a 387-unit Brickell project.
Community banks in South Florida are stepping up financing for real estate deals.
Alan B. Levan, the former head of BankAtlantic, is in trial on a civil complaint filed by the SEC over statements he made during a conference call.
AGS Property Corp. paid $345 per square foot for the Broward Financial Center.
The booming new marijuana industry has an image problem. Not with government officials and the public—but with other businesses.
Canadian real estate powerhouse Avison Young will acquire the 70-employee Miami-based brokerage Colliers International South Florida and add millions of square feet to its management portfolio.
The sale of the downtown Miami trophy asset was held up by receivership litigation.
Caesars Entertainment Corp., the casino owner saddled with $24 billion in debt, has a new source of income—from a nightclub on the Strip—to help refinance a loan.
Sears will overhaul the 12-acre property with an open-air development that includes dining, other retailers, a scaled-down Sears store, hotel and offices.
A Beverly Hills, Calif., estate with a 12-bedroom Mediterranean-style mansion and a vineyard is listed for $195 million, the highest current asking price in the U.S., the property's broker said.
A small business is stepping up a year-old legal fight against its gigantic neighbor, Brickell City Centre, claiming construction materials are dropping on its property from hundreds of feet in the air.
A new residential tower is rising north of Miami's Coconut Grove as developers focus on transit-oriented projects.
A two-bedroom luxury Miami Beach condo just sold for a whopping $3.3 million, or about $2,050 per square foot.
Celebrated South Florida tastemaker Lee Schrager has purchased a house in Coral Gables' French City Village.
The accounting scandal at American Realty Capital Properties Inc. is threatening to upend a real estate empire built by Nicholas Schorsch in an industry where reputation propels growth.
A new boutique hotel is the first project planned for the second phase of the mixed-use development and is looking to take advantage of an increasingly favorable funding environment.
Eric Hockman of Weiss Serota and Lauderdale-By-The-Sea town attorney Susan Trevarthen succeeded in enforcing $328,000 in code enforcement liens against a real estate investor.
Mercantil Commercebank bought its longtime Coral Gables headquarters for $75 million and so announced a dip in quarterly earnings.
Edge in the Four Seasons is the quintessential power lunch spot and lures lunchgoers with one of the few private dining patios on Brickell.
Can't beat them? Some agents join forces with Zillow, while others remain skeptical about the growing online real estate listing powerhouse.
The best place to hook millionaire homebuyers this weekend? The Fort Lauderdale International Boat Show.
Longtime Miami developer Melo Group has acquired a full city block in central Miami just west of the Arscht Center, the Daily Business Review has learned.
A joint venture between retail giant General Growth Properties and Ashkenazy Acquisition is acquiring a 20 percent interest from the master developer for $280 million, which values the entire project at $1.4 billion.
The 3-year-old U.S. consumer protection agency said it discovered that the largest mortgage servicers have been mishandling loan modifications and harming borrowers since new rules came into effect in January.
What exactly is driving the market? Starting with the jaw-dropping $535.5M deal for the Westin Diplomat, to the 40 underutilized acres around the Galleria at Fort Lauderdale, here are the biggest deals in South Florida.
Rodolfo Ishak has been developing towers in Brazil for over 30 years. He sat down with the DBR to talk up his first Miami project.
John Warsing, sales manager of Terrazas Miami where 30 sales closed in 30 days, likes that "seasoned developers getting back in the game."
Tight credit and price increases through the middle of 2013 have limited buying activity.
North of $340 million—that's how much a private equity firm paid for the Mall at Wellington Green.
TotalBank is leasing three floors, has a ground-floor branch and will put a sign on top of the landmark tower.
Sales of new homes were nearly flat in September after the August numbers were revised downward.
The properties are part of the Pacific Shores Center office park in Redwood City, Calif., about 11 miles from Google's main office in Mountain View.
Wyndham Worldwide Corp.’s third-quarter net income rose 10 percent as revenue improved across all business segments.
Federal regulations, enacted after the collapse of the subprime market spurred the financial crisis, are boosting mortgage costs this year.
Los Angeles financier Canyon Capital Realty Advisors is making a splash in Miami, closing on the Echo Brickell project and working toward another loan on a nearby tower.
Miami's office sector reaches its highest occupancy in five years.
The developer of the proposed Skyrise entertainment tower in downtown Miami says his request for aid from Miami-Dade County has been on the table for months.
A Miami developer ventures out of its comfort zone, encouraged by rising demand in the multifamily sector.
Los Angeles rookie and Cuban defector Alex Guerrero spends $2.5 million on five-bedroom estate.
Tzadik Management takes over $81 million worth of apartments in acquisitions across Florida.
Homes sold in September at their fastest pace of the year, a sign that the housing market slowdown may be ending.
Fannie Mae and Freddie Mac will spell out when they will force lenders to buy back loans that were issued based on false or inaccurate information.
The Florida Office of Financial Regulation gave notice of intent to fine two Miami-based companies $25,000 each for processing mortgage loans without a mortgage lender license.
The institutions, privately run with public funding, have sold $1.6 billion of securities in 2014.
A Miami-Dade Circuit Court appellate panel rejects a special permit issued for the proposed store.
A towering downtown Miami tourist attraction wants to get off the ground with $9 million in funding from Miami-Dade County--after previously promising a strictly private development.
A sudden plunge in mortgage rates has millions of Americans considering refinancing their mortgages.
Housing starts for September climbed 6.3 percent to a 1.02 million annualized rate from a 957,000 pace in August, the U.S. Commerce Department reported Friday.
Miami's Airport Corporate Center sold in a nine-figure deal between a Houston REIT and a CBRE investment fund.
The U.S. mortgage-bond market is lagging behind the rally in government debt on concern that more homeowners will refinance at lower interest rates, damaging returns.
Stepping away from months of infighting, the Fashion Mall owners have filed for Chapter 7 bankruptcy liquidation.
Anilesh Ahuja, former head of residential mortgage-backed securities at Deutsche Bank, acquired a majority stake in Residential Capital Management.
Is a flurry of condo conversions the obvious next stage of the real estate boom? Some real estate experts see the potential.
Two condo associations at the downtown Vizcayne towers sue to avoid paying construction costs on a project that went through bankruptcy during the housing crash.
Developer Harvey Hernandez is predicting a 19 percent bump in central Miami rents in the midst of a new construction boom.
The real estate mogul spends $1.5 million for the former home of a historic synagogue.
Yankees outfielder Carlos Beltran scored the highest sale price in Weston this year with the $4.1 million sale of his eight-bedroom mansion.
The Third DCA says a Key West business owner can't add apartments to his strip mall units without permission.
The Related Group spent $57.25 million for 2.8 acres near downtown Miami. The site sold for $31.52 million in 2010.
A new report by housing analysis firm RealtyTrac identifies the Fort Lauderdale metropolitan area as one of the nation's top college towns for multifamily investments.
South Florida law firms say they are gearing up to capitalize on legal work thrown off by the latest construction boom.
A Golden Beach home on Ocean Boulevard sold for a record $22.5 million, but the mansion allegedly had defects and mold unknown to the California buyers.
Two industrial buildings in the Miami Airport West submarket are fully occupied after an aviation repair company signed two mammoth lease commitments.
Builders from California to Orlando are sweetening offers with pools and built-in barbecues as sales slow in some of the country's most volatile housing markets.
A California real estate investment trust paid $141.5 million for the Downtown at the Gardens shopping center.
Glenn Straub said a "life or death" medical issue hindered his ability to counter Brookfield's winning offer for Atlantic City's Revel Hotel and Casino.
Tibor Hollo's new Panorama Tower will be Miami's tallest building and the first to participate in a regional EB-5 visa program.
Donald Trump and his daughter, Ivanka, are suing against Trump Entertainment, claiming the company let the Trump Plaza casino fall into such disrepair that it violated quality standards agreed to by both sides.
Hilton is still expected to manage the 1,232-room Waldorf Astoria, which will undergo a major renovation.
Penske Automotive Group has town approval to open the new dealserhip southwest of I-75 and Griffin Road.
Miami Heat defector LeBron James, who left the Heat for Cleveland, wants out of the South Florida real estate market as well.
Faith Hope Consolo, chairman of Douglas Elliman Real Estate's retail team, offers her views of the South Florida market.
The signature of a Chinese investor Zhen Zeng Du on a key corporate document was ruled a forgery, opening the door to the judicial dissolution of a company controlling the $300 million Fashion Mall makeover in Plantation.
Rising From the Dust of the Recession, Developer Targets Middle Class Revamping Once Stalled ProjectBy Samantha Joseph |
Georgetown was meant to be a gleaming lakefront subdivision with high-end condos near the football fields, soccer pitches and an aquatic center. Plans change.