Real Estate News

$15M Retail Condo Deal Meets Exchange Deadline

By Carla Vianna |

Marcos Puente with Colliers International South Florida successfully brokers a 1031 exchange involving an off-market retail condos in downtown Miami.

Turtle Cove Apartment Homes, 888 Cotton Bay Dr. West, West Palm Beach, Fla.

3 West Palm Beach Complexes Sell for Combined $144 Million

By Carla Vianna |

West Palm Beach sees more than 1,000 apartment units trade in three big-dollar deals within a week.

Development Decisions Trigger Miami Initiative on Right to Sue

By Carla Vianna |

If passed, a question on the November ballot would grant citizens standing to sue the city of Miami if it violates its own charter.

The panel included, from left to right, Al Dotson of Bilzin Sumberg, Maria Juncadella of Fairchild Partners, Mayanne Downs of GrayRobinson, Barbara Black of JLL and Florida Bar President Bill Schifino.

Panel Sees Gender Bias in Law, Real Estate Industries

By Carla Vianna |

Legal and real estate professionals discuss the issues surrounding the steep gender gap found in both industries.

Motion at Dadeland is a 294-unit apartment project near the Dadeland North Metrorail station. Rendering.

Dadeland Apartments Get $50 Million Construction Loan

By Carla Vianna |

A joint venture spearheading Miami's transit-oriented development trend secures a $50 million loan for an apartment project near the Dadeland North Metrorail station.

Jay Bailyn.

Broker Lands Related for 30-Acre Royal Palm Beach Parcel

By Carla Vianna |

Boca Raton broker Jay Bailyn successfully procures $12.5 million for the vacant land in Palm Beach County.

Comerica Building

Lauderdale Tower Sells for $46 Million

By Carla Vianna |

The Plaza 100 office tower trades for $141 per square foot.

New Grove Condo Is First in a Decade — With a Twist

By Carla Vianna |

Miami's Coconut Grove neighborhood welcomes its first new luxury condo complex in 10 years.

David Podein, partner at Haber Slade in Miami. Courtesy photo.

Attorneys to Condo Associations: Zika Litigation Won't Bite

By Samantha Joseph |

What are condo associations, homeowners' associations and other multifamily boards to do as Zika spreads across South Florida? Not too much, say real estate attorneys, who caution against creating liability where none exists.

Cushman & Wakefield Acquires Taylor & Mathis

By Carla Vianna |

Cushman & Wakefield acquired Taylor & Mathis of Florida, a commercial real estate company focused on agency leasing and property management.

Terrorism Turning French Tourists Into Florida Real Estate Buyers

By Carla Vianna |

In light of terrorist attacks and political unrest at home, French buyers are searching for more permanent homes in South Florida.

Miami Green

Gables Office Sells for $39 Million

By Carla Vianna |

The 13-story Miami Green trades for $338 per square foot.

Ryan Bailine, left, and Nancy Lash, right.

Public-Private Partnership Leads to Transit Land Lease

By Carla Vianna |

Greenberg Traurig attorneys Ryan Bailine and Nancy Lash negotiate a $40 million ground lease and development agreement for a major transit-oriented project in Miami-Dade County.

Credit: ApartmentGuide.com

Tamarac Apartments Sell for $22 Million

By Carla Vianna |

The buyer obtains 222 of 291 units at Jasmine at Tamarac, which went through a condo conversion in 2006.

Gale Residences.

Newgard Gets $36M Loan for Lauderdale Bayfront Condos

By Carla Vianna |

The loan will fuel construction of the Gale Residences near Fort Lauderdale beach, a 12-story luxury tower being developed by Miami's Newgard Development Group.

Bank of New York Mellon headquarters

Foreclosure Case Tips to Borrower on Service of Process

By Samantha Joseph |

The Bank of New York Mellon came out on the losing side of a foreclosure case over its strategy after five failed attempts to serve court papers on a corporate borrower.

The Melody Tower.

Apartment Construction to Hold Down Miami Rents

By Carla Vianna |

Miami's Downtown Development Authority sees an easing of apartment rental rates after years of increases.

From left to right: Arthur J. Dichter, Partner; Grace C. Lopez, COO; Sarah B. Jacobson, Associate; Steven L. Cantor, Managing Partner; Kathryn von Matthiessen, Partner; Sharon Dresser, President High Street Retail ,USA; Paul J. D’Alessandro, Jr., Associate

Cantor Law Firm Moves Miami Office

By Carla Vianna |

The Cantor Group law firm has ditched Miami's Brickell Financial District for Coconut Grove.

Moishe Mana.

Real Estate Billionaire Moishe Mana Offers $2 Million for Trump Tax Returns

By Carla Vianna |

An Israeli-born real estate developer offers a $2 million donation to charity if Republican presidential nominee Donald Trump coughs up his tax returns.

Marquis Bank Officer Arranges Loan for Dadeland Office

By Carla Vianna |

David DiMuro arranges the closing of an $8.5 million loan to finance the purchase of an office property slated for redevelopment by the Tate family.

7108 Fairway Drive, Palm Beach Gardens.

JPMorgan Arm Sells Palm Beach Gardens Offices for Big Loss

By Carla Vianna |

J.P. Morgan Asset Management sells the Fairway Office Center for $52.5 million.

3621 Collins Ave., Miami Beach.

Judge Rules Against Beach Condo Board That Balked

By Carla Vianna |

The redevelopment of a rundown Miami Beach property caught in litigation for four years may finally come to fruition.

Soleste West Gables. Handout Photo.

West Miami Apartment Complex Sells for $57 Million

By Carla Vianna |

A Chicago-based real estate investor nabs a 206-unit apartment community in West Miami for $278,000 per unit.

The Palms at Town & Country.

Weingarten Pours $285 Million Into West Kendall Mall

By Carla Vianna |

The open-air Palms at Town & Country is sold by TIAA after a major expansion.

Miami Foreclosure Case Reversed, Remanded to New Judge by Appeals Court

By Samantha Joseph |

A judge's decision to strike years of pleadings by a witness suspected of lying during a foreclosure bench trial led to a reversal on appeal.

Fort Lauderdale's BFC to Take Full Control of BBX

By Staff report |

Acting chairman and CEO Jarett S. Levan says the merger will simplify BFC Financial's corporate structure and streamline the real estate companies.

Condominium towers in Downtown Miami.

Feds Expand Luxury Real Estate Sale Reporting Requirements

By Carla Vianna |

Six regions of the U.S. face federal scrutiny into luxury cash real estate deals as a cover for money laundering, the Treasury Department announces.

200 N Miami Ave.

'New Thinking' Behind 49-Story Miami Tower With Tiny Units

By Carla Vianna |

Micro-living in 400-square-foot units — brought to you by developer Moishe Mana — is making its way into downtown Miami.

7790 NW 78th Ave., Tamarac, FL.

Tamarac Apartment Community Goes for $27.2M

By Carla Vianna |

South Florida's multifamily investment boom continues with another big-dollar buy: A Tamarac apartment complex traded for $27 million.

1820 NE 142nd St., North Miami, Fla.

North Miami Apartment Complex Sells for $117M

By Carla Vianna |

The Blackstone Group just purchased a $117 million apartment complex in North Miami.

Gabriel Britti, Roee Ben-Moshe and Ronnie Issenberg of Marcus & Millichap in Miami.

'Wendy's Brokers' Find Niche With Fast Food Chain

By Carla Vianna |

A Marcus & Millichap team has found a sweet spot in today's retail market: Wendy's restaurants.

John Boyd Jr., principal of the Boyd Co. Inc. in New Jersey.

Is South Florida the Newest Hot Spot for Manufacturing?

By Carla Vianna |

Could South Florida be the next food and beverage manufacturing hub?

Coral Gables mansion sold for $23.5 million.

Coral Gables Mansion Sells for $23.5M

By Carla Vianna |

Coral Gables' most expensive home sale in four years just closed.

Suit Alleging Fraud in Crypt Sales Certifies as Class Action

By Samantha Joseph |

Palm Beach Circuit Judge Catherine Brunson certified a class alleging The Gardens of Boca Raton defrauded Jewish clients who purchased burial space.

1674 Meridian Ave., Miami Beach, Fla.

Two Miami Beach Properties Sell for $49 Million, Doubling Purchase Price

By Carla Vianna |

A two-office portfolio near Miami Beach's famed Lincoln Road doubles in price after a 12-year hold.

Given's CBRE Multifamily Team Moves to Cushman

By Carla Vianna |

Robert Given, a top-producing broker tied to South Florida's multimillion-dollar apartment deals, joins Cushman & Wakefield after 13 years with CBRE.

Appeals Court Rules 'Unclean Hands' Don't Transfer to Successor Lender

By Samantha Joseph |

Wells Fargo Bank triumphs in a foreclosure appeal despite a predecessor lender's alleged fraudulent loan documents.

Judge Cory Ciklin

Appeals Court Reverses on Breach of Contract for Arcade Owner

By Samantha Joseph |

Lucas Games spent years fighting its landlord after a legislative change forced it out of business.

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

In Slowing Market, Average Miami Beach Home Price Tops $1 Million

By Carla Vianna |

Miami-Dade County's housing market has chilled, yet prices continue ticking up.

Robert Gilbert, with Kopelowitz Ostrow Ferguson Weiselberg Gilbert.

Kopelowitz Ostrow Opens Gables Office

By Carla Vianna |

The Fort Lauderdale-based law firm leases a 5,000-square-foot space in the Regions Bank Tower for eight attorneys.

2510-2540 W. Copans Rd., Pompano Beach, Fla.

Clarion Industrial Deal Shows Strength in Broward

By Carla Vianna |

Broward County's constrained industrial market is attracting both developers and investors looking to cash in on its rising lease rates.

Juan Carlos Barreto, senior vice president of corporate lending at Ocean Bank.  Courtesy photo.

Banker Leads $17M Loan for New Charter Schools

By Carla Vianna |

Ocean Bank's Juan Carlos Barreto negotiates a loan that will help transform a Margate shopping center into two charter schools.

Attorney Michael J. Wrubel, of Michael Jay Wrubel, P.A.

'Unclean Hands' Key in Foreclosure Suit Over Inflated Premiums

By Samantha Joseph |

A defendant in a Palm Beach County foreclosure suit accused Bank of America of forcing her into foreclosure by inflating premiums on lender-placed insurance.

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

Rockstar Billionaire Buys Miami Beach Mansion

By Carla Vianna |

Billionaire Russ Weiner pockets a luxe $20 million waterfront home on Biscayne Bay.

Key Largo Office Sells at Ocean Reef Club

By Carla Vianna |

The $21.2 million Plaza Building sale is worth $860 per square foot.

Rendering of Bridge Point I-95 in Ft. Lauderdale, 2200 W. Sunrise Blvd.

$23 Million Construction Loan Issued for Lauderdale Industrial

By Carla Vianna |

A Chicago developer secures the $22.6 million loan to finance construction of a two-building industrial project at I-95 and Sunrise Boulevard.

David Podein, partner at Haber Slade in Miami. Courtesy photo.

Ruling Brings Clarity to Condo Foreclosures

By Samantha Joseph |

Good news for condo associations: A new ruling clears the way to bring foreclosure suits, despite pending liens from lenders.

4th DCA

Appellate Court Denies Foreclosure Dismissal

By Samantha Joseph |

The Fourth DCA declined to grant a writ of mandamus over allegations of a faulty foreclosure complaint and missing certification.

CBRE Execs Arrange Financing for Texas Buy

By Carla Vianna |

Miami-based Christopher Apone and Charles Foschini with CBRE Inc. represented a Miami fund in nabbing a $34.5 million loan for new apartments in Texas.

Greenberg attorneys Joel Maser (left) and Dan McCawley (right) play a game of ping pong in the Cafe.

South Florida Law Firms Hunt Urban Chic Makeover

By Carla Vianna |

A lobby bar. No offices. Lounges and cafes. Hoping to update their staid image and dodge pricey leases, South Florida's law firms are chasing a contemporary look.

Judge Nixes Motion to Erase Pleadings in Palm Beach Somerset Dispute

By Samantha Joseph |

Palm Beach Circuit Judge Jeffrey Gillen has declined a motion to wipe out four years' worth of court filings in a messy real estate business dispute.

Michael Higer

Like Clockwork, Litigation Is Sure to Follow Hurricanes

By Celia Ampel |

Attorneys for property owners, developers and businesses offer best practices for avoiding litigation after a storm.

Quinta Avenida Hotel, Havana, Cuba.

Starwood Begins Managing Hotel Run by Military in Cuba

By Michael Weissenstein, Associated Press |

American hospitality giant Starwood began managing a hotel owned by the Cuban military on Tuesday, opening one of the biggest holes in the U.S. trade embargo on Cuba since Presidents Barack Obama and Raul Castro declared detente in December 2014.

Peter Muoio, Ten-X Research chief economist

Apartments Post Big First Quarter Gains in Real Estate Sales

By Carla Vianna |

The multifamily sector is carrying the national and South Florida commercial real estate markets forward.

Ramon E. Rasco.

Hearing Canceled in Suit Over Private Club Membership

By Samantha Joseph |

Prominent Miami litigator Ramon E. Rasco is pressing a lawsuit about a six-figure membership at the ritzy Fisher Island Club.

212 Gallery at 2407 NW 2nd Ave. in Wynwood

Wynwood, South of Fifth Make 'Cool Street' Retail List

By Carla Vianna |

Retail is hot on the nation's "Cool Streets." Think Miami's Wynwood and Miami Beach's South of Fifth, Cushman and Wakefield says in its subjective assessment of what is millennial cool.

Francis Suarez

Commissioners Push for Study of Permit Process

By Carla Vianna |

Miami City Commissioners backed a resolution aiming to speed up the city's sluggish building-permit review process.

Could Brexit Be Boon or Bust for South Florida Real Estate Market?

By Carla Vianna |

When it's Miami versus London, the South Florida city is now the safer option for deep-pocketed real estate investors. While the Brexit may deter Europeans from purchasing Miami real estate, international investors may fill that gap.

Rendering of the Mana Wynwood Special Area Plan proposed by Moishe Mana.

Commissioners Give Initial OK to Massive Wynwood Project

By Carla Vianna |

Moishe Mana's 20-plus acre plan for Miami's Wynwood neighborhood gained preliminary approval Thursday night.

Rendering of Atlantic Crossing, looking northeast from Atlantic Ave. and Federal Highway.  HANDOUT.

Developer Buys Land for $38.5M While Suing City

By Carla Vianna |

The Edwards Cos. buys land needed for its nine-acre Atlantic Crossing development, but the Ohio-based builder is still caught up in litigation with Delray Beach on project approval.

Google photo of the Arbor Oaks Apartments at 9817 Arbor Oaks Lane, Boca Raton.

Boca Raton Apartments Sell for $77 Million

By Carla Vianna |

The 360-unit Arbor Oaks complex sells for $214,000 per unit to a Los Angeles-based real estate holding company.

Entrance to mansion at 3551 Main Hwy., next to Ransom Everglades school.

Ransom Everglades Buys Neighbor for $34.6 Million

By Carla Vianna |

Ransom Everglades School pockets the neighboring La Brisa estate for $34.6 million, the priciest home sale ever recorded in Miami's Coconut Grove.

Lennar Ramps Up Construction, Prices in Second Quarter

By Associated Press |

Lennar delivered more homes and at higher prices during its second quarter, exceeding expectations that Wall Street had for the nation's second-largest homebuilder.

City of Miami Commissioner Francis Suarez, during commission meeting about the approval of the Worldcenter in Downtown Miami.

Miami Commissioner Wants to Speed Up Building Permit Review

By Carla Vianna |

City Commissioner Francis Suarez offers a resolution to study the lag in the building permit review, which developers say is is curbing small-scale development.

Sabbia Beach project, a 19-story luxury condo in Pompano Beach, Florida.

$45M Construction Loan for Pompano Beach Condo

By Carla Vianna |

The 19-story Sabbia Beach has secured a $45 million construction loan from Ocean Bank.

Michael Bennett of Bennett & Aiello in Miami.

Appeals Court Calls for Rule Change in Real Estate Contract Case

By Samantha Joseph |

The Third District Court of Appeal called for a rule change on certiorari jurisdiction after a case involving a contract dispute in a real estate deal.

La Epoca in Downtown Miami.

Downtown Miami Landmark La Epoca Building Up for Sale

By Carla Vianna |

Colliers International South Florida has been tapped to market the historic Flagler Street building, which was the first Walgreens store ever built in Florida.