Real Estate News

313½ Worth Ave., Palm Beach.

Worth Avenue Buildings Sell for $19.5 Million

By Staff report |

The Via Bica retail and office complex in Palm Beach closes at $1,004 per square foot.

Barbara J. Jordan, Miami-Dade County Commissioner.

Builders: New Miami-Dade Workforce Housing Program Needs Work

By Catherine Wilson |

Developers aren't convinced to join a program aimed at building more for people on the lowest rung of private housing.

Alex D. Zylberglait

Real Estate Bills Focus on Taxes, Fees, Sprinklers and Those Pesky Condo Boards

By Carla Vianna |

Here are a few of the real estate community's legislative priorities for the 2017 session.

Charles Foschini and Christopher Apone

Berkadia Handles Bridge Loan for West Palm Beach Medical Office Makeover

By Carla Vianna |

Berkadia's Charles Foschini and Christopher Apone secures a $22.5 million loan to help reposition a former Bank of America building.

Porsche Design Tower.

Porsche Design Tower Is Car Lover's Dream Condo

By Carla Vianna |

The 60-floor oceanfront condo opens with a unique elevator carrying cars to the doors of well-endowed owners.

Judge Dorian K. Damoorgian.

Fourth DCA Ruling Clarifies Statutes for Foreclosing on Municipal Liens

By Samantha Joseph |

New case law clarifies the statute of limitations for foreclosure of municipal liens on real estate.

The Entrada Estates mansion in Coconut Grove sold for $12.4 million.

Grove Mansion Sells for $12 Million

By Carla Vianna |

One of the largest mansions in Miami's Coconut Grove changes hands for the highest residential price tag in a year.

The Arte by Antonio Citterio condominium tower is planned for an oceanfront lot at 8955 Collins Ave., in between the two towers pictured.

Bank Leumi Lends $90M for Surfside Oceanfront Condo

By Carla Vianna |

An ultra-luxury condominium tower in Surfside lands a $90 million construction loan with help from Hunton & Williams.

Rendering of the office tower to be built in Miami's Wynwood neighborhood.

Next Real Estate Frontier: Neighborhoods on Edge of Miami

By Carla Vianna |

Here is what's happening in Miami's emerging neighborhoods — and the challenges faced by the community driving these changes.

Potamkin Sells Estate in Coral Gables for $44 Million

By Carla Vianna |

The bayfront mansion is sold by South Florida car dealer Alan Potamkin.

Bridge Point Crossroads West is a 243,300-square-foot facility located at 10901 NW 46th St. in Hialeah Gardens.

Developer Sells 2 Industrial Complexes for $53 Million

By Carla Vianna |

TA Realty buys the properties in Miami-Dade and Broward counties from Bridge Development Partners.

Left to right: Alexander Tachmes and Donald Wasil

Shutts & Bowen Lawyers Guide $36M Hotel Deal

By Carla Vianna |

Miami partners J. Donald Wasil and Alexander Tachmes represented Hersha Hospitality Trust in its $36 million acquisition of the Ritz-Carlton Coconut Grove.

The Miami Tower building in Downtown Miami, at 100 NE Second St.

Office Guide 2017

Foreign buyers and health care are having big impacts on the South Florida real estate market. In this year's Office Guide special report, Carla Vianna takes an in-depth look at what's going on, where it's happening and who's involved. Also check out the Office Guide Market Profiles for Miami-Dade, Broward and Palm Beach counties.

The Ritz-Carlton hotel in Coconut Grove.

Miami's Coconut Grove Sees Room to Grow for Hotels, Offices

By Carla Vianna |

Miami's Coconut Grove is teeming with new development — from luxury condominiums to renovated hotels to new office projects.

Paramount Miami Worldcenter has closed on a $285 million construction loan.

Paramount Condos Get $285M Construction Loan

By Carla Vianna |

Paramount Miami Worldcenter gets two loans from Mexican billionaire Carlos Slim's bank and a New York fund.

Old Arena Site Sells for $45M With Convention Center Planned

By Carla Vianna |

MDM Development Group buys the old Miami Arena site, where the developer plans to build the city's biggest hotel and a convention center.

Attorney Reps Out-of-State Seller on Pompano Plaza

By Carla Vianna |

Michael Shapiro with Shapiro, Blasi, Wasserman & Hermann in Boca Raton helps the seller quickly close the $6.1 million deal.

18th hole of the Blue Monster course at the Doral Golf Resort in Miami,

Trump’s Golf Courses Would Benefit From His Water-Rule Rollback

By Ben Brody |

President Donald Trump’s order on Tuesday to rescind and rewrite federal water regulations not only coincides with his conservative agenda but also could cut his costs as an owner of a dozen U.S. golf courses, again raising concerns about conflict of interest in the White House.

Miami Worldcenter construction site.

$74 Million Bond Sale Funds Miami Worldcenter Infrastructure

By Carla Vianna |

The Miami Worldcenter Community Development District wraps up the bond sale to fund major infrastructure upgrades where the mixed-use project is rising.

Barry Wolfe, left, and Alan Lipsky, right.

Broker Helps Aaron's Franchisee Sell 7 Stores

By Carla Vianna |

Marcus & Millichap's Barry Wolfe coordinates the $11.5 million sale of seven stores in the Midwest and West.

Justice Barbara Pariente of the Florida Supreme Court.

Real Estate, Abortion Issues Collide in Dispute Over Deed

By Samantha Joseph |

Real estate and abortion have intersected in Florida's highest court, as a neighbor in a medical complex has attempted to use a restriction in the property's deed to block Planned Parenthood from performing outpatient surgeries.

Fort Lauderdale's First Big Office Deal of 2017 Is Hatched

By Carla Vianna |

Downtown Fort Lauderdale's One Financial Plaza traded for $87 million.

Tommy Hilfiger has listed his eclectic Golden Beach mansion for $27.5 million.

Fashion Icons Exit, Enter South Florida Luxury Housing Scene

By Carla Vianna |

Tommy Hilfiger has listed his eclectic Golden Beach mansion for $27.5 million, and J.Crew CEO Millard "Mickey" Drexler just moved into Calvin Klein's former waterfront home.

Miami Downtown skyline as seen from Dodge Island.

Program to Track Laundered Money in Luxury Real Estate Continues

By Carla Vianna |

The Financial Crimes Enforcement Network has extended an anti-money laundering program deployed over South Florida's luxury housing market.

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

Calvin Klein Sells Miami Beach Home To J.Crew CEO

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.