Real Estate News

New World Tower, 100 Biscayne Blvd., Miami

Two Office Towers Sell for Combined $197 Million

By Carla Vianna |

Fort Lauderdale's 110 Tower goes for $113 million and Miami's New World Tower sells for $84 million.

Broward County Commissioner Beam Furr

Broward Goal: No Homeless Veterans by Year-End

By Carla Vianna |

Broward County is reaching out to landlords to help alleviate homelessness by guaranteeing rent.

Ivan Ramirez, regional sales director for ONE Sotheby’s development division.

ONE Sotheby's Takes Over Crescendo Real Estate

By Carla Vianna |

ONE Sotheby's expands its presence in Bay Harbor Islands and Aventura by acquiring the 16-agent real estate brokerage.

Maridee Bell, left, and Lauren Pace, right.

Sunbeam Leads Lease Renewal, Expansion in Miramar

By Staff report |

Maridee Bell and Lauren Pace handle a lease renewal and 20,000-square-foot expansion for the South Florida supply arm of the Hospital Corporation of America, better known as HCA.

The Villa Lago model home in Frenchman's Harbor.

Homeownership Rate Drops in South Florida

By Carla Vianna |

Ther region's rate falls to its lowest level since 2014.

K. Michael Moore, chief judge of the United States District Court for the Southern District of Florida.

Ex-CFO of $300 Million Resort Condo Fraud Charged by Feds

By Carla Vianna |

Former Chief Financial Officer David Schwarz of a defunct development company that fleeced 1,400 investors out of more than $300 million in a real estate investment scheme was arrested Thursday in Orlando.

Barbara J. Jordan, Miami-Dade County Commissioner.

Mandatory Workforce Housing Measure Leaps Forward

By Carla Vianna |

Miami-Dade County commissioners voted in favor of making workforce housing development mandatory in most new residential projects across the county.

Stanley Terrace apartments. 412 SW Second Street, Deerfield Beach.

Deerfield Beach Gets $5 Million Loan to Rehab Apartments

By Carla Vianna |

A 47-year-old city-owned apartment complex receives a much-needed upgrade fueled by a complex $5.3 million loan.

Matt Rieger, president and CEO of Housing Trust Group.

Miami-Dade Considers Mandatory Workforce Housing Ordinance

By Carla Vianna |

A Miami-Dade County Commission subcommittee will review a mandatory plan to require workforce housing in all new developments.

Hillary Clinton.

Breaking Tradition, Latin Builders Association Endorses Clinton

By Carla Vianna |

The LBA picks Hillary Clinton in an unexpected boost for the Democratic presidential nominee.

Still Hunter of CBRE.

Hunter Joins CBRE From Marcus & Millichap

By Carla Vianna |

Still Hunter is expected to expand CBRE's mutlifamily investment sales platform.

6700-6750 N Andrews Ave., Fort Lauderdale.

Cypress Creek Offices Sell for $43 Million

By Carla Vianna |

The two-building Cypress Park West complex sells for a 30 percent return in three years.

ONE Sotheby's Opens Commercial Real Estate Venture

By Carla Vianna |

ONE Sotheby's is launching ONE Commercial, a sister company based in Miami that will focus on commercial real estate.

Acre in Miami's Wynwood Sells for $54 Million

By Carla Vianna |

Touted as one of the priciest deals in Miami's Wynwood neighborhood, an investor spends $54 million on less than an acre.

M. J. Ridenour and Robert Wainland, with Coldwell Banker Commercial.

Coldwell Banker Advises on Exchange for 3 Businesses

By Carla Vianna |

Two agents helped Ocean Cadillac close quickly on a three-piece 1031 exchange deal.

The Gates Hotel South Beach, previously known as the largest Aloft hotel in the world, sold for $105 million.

Miami Beach Hotel Sells for $105M, Switches to Hilton Brand

By Carla Vianna |

The Gates Hotel South Beach, previously the world's largest Aloft hotel, sells for $447,000 per room.

Festival Flea Market, 2900 W. Sample Rd., Pompano Beach, Fla.

Broward Deputies Implicated in Real Estate Row

By Samantha Joseph |

Allegations against Broward sheriff's deputies feature prominently in a real estate dispute involving principals and the former CFO of the Festival Flea Market.

The Ritz-Carlton Residences in Sunny Isles Beach

$163M Construction Loan Issued for Ritz-Carlton Residences in Sunny Isles Beach

By Carla Vianna |

Developers of the condominium tower get funding from the Bank of the Ozarks.

4141 N. Miami Ave., Miami

Lawsuit Claims Seller Hid Pending Historic Designation for Miami Church

By Carla Vianna |

Everything pointed to a great deal--until Remy Jacobson's purchase received a historic designation for its Miami Modern style.

John Metzger, left, and Raul Valero of McDonald Hopkins

McDonald Hopkins Team Engineers $27 Million Polo Sale

By Carla Vianna |

John Metzger and Raul Valero represent the seller of the 100-acre Wellington polo training facility.

Herman J. Russomano III, of Russomanno & Borrello

New Trial for Plaintiff After Juror Lies About Litigation

By Samantha Joseph |

A juror's failure to reveal her litigation history led to a new trial for a plaintiff in a $12 million real estate dispute.

Steven McCraney, president and CEO of McCraney Property Co.

Industrial Builder See Big Future in E-Commerce

By Carla Vianna |

West Palm Beach-based McCraney Property Co. is making way for big-box users by selling and refinancing its existing legacy assets.

Joseph G. Goldstein, Holland & Knight, Miami

Developers Back Voluntary Housing Revision Over Mandatory Plan

By Carla Vianna |

The development community joins forces against a proposed Miami-Dade County rule that would make affordable units mandatory in new multifamily projects.

A logo sign outside of an office building occupied by home builder Lennar Corp. in Columbia, Maryland, on Jan. 2, 2016.

Lennar, WCI Join to Create Powerhouse Florida Homebuilder

By Brooke Sutherland |

Miami-based Lennar is offering a cash-and-stock deal for Bonita Springs-based WCI, but there's room for competing offers.

August Home Sales Set Miami-Dade Record

By Carla Vianna |

Single-family home sales beat the record set in 1994.

Panelists from left: Scott Moss of Moss & Associates, William Hamilton of Winthrop Management, Casey Cummings of Ram Realty Services, Art Falcone of Falcone Group and Julien Haccoun of Steinmauer Group.

Multifamily Forecast: Stormy or Calm Seas?

By Carla Vianna |

Multifamily developers in South Florida see lender pullback on the condo front along with institutional interest in apartments.

 8989 Okeechobee Blvd.

Appeals Court Rules Against Publix, Town in Zoning Case

By Celia Ampel |

An appellate court ruled against Publix and Cutler Bay in a zoning dispute that began as a landlord-tenant spat.

Bridge Point Crossing West.

PAS Cargo Moving to New Digs in Hialeah Gardens

By Carla Vianna |

A Chicago-based developer inks its fourth big lease at newly completed South Florida properties.

Barry Wolfe, left, and Alan Lipsky, right.

Brokers Find Retail Interest Years After Initial Coral Springs Listing

By Carla Vianna |

Marcus & Millichap's Barry Wolfe and Alan Lipsky close a $17.7 million deal years after the Plaza at Coral Springs was initially brought to market.

City Attorney Victoria Mendez.

Five-Home Miami Development Puts City Attorney on Hot Seat

By Carla Vianna |

Miami city commissioners are set to vote on hiring a private attorney to investigate accusations against City Attorney Victoria Mendez over a planning issue.

401 E. Las Olas, Fort Lauderdale

Downtown Fort Lauderdale Office Sale Closes at $220 Million

By Carla Vianna |

The sale of the Bank of America Plaza solidifies Fort Lauderdale's attractiveness as an commercial real estate investment hub.

Mika Mattingly.

Broker Mines Downtown Miami for Hidden Deals

By Carla Vianna |

Behind every deal New York developer Moishe Mana closed in downtown Miami, you'll find Mika Mattingly. The real estate agent has become the go-to dealmaker for developers looking to revive downtown property.

Downtown Fort Lauderdale Attracting New Office Concepts, Tech Tenants

By Jennifer LeClaire |

Downtown Fort Lauderdale is seeing the rise of a new alternative workspace concept with Pipeline Workspaces opening its fifth location and attracting tech tenants.

John W. Dohm, Infinity Commercial Real Estate.

Real Estate Industry Reimagines South Florida With Driverless Cars

By Carla Vianna |

But are South Florida's commercial real estate developers ready for autonomous vehicles?

Alan R. Kebler of JLL.

Real Estate Brokerages Meet and Adopt Tech They Like

By Carla Vianna |

Commercial brokerages are ending the disconnect between real estate and technology.

Marc Shuster, left, and Robert Barron of the Berger Singerman law firm.

South Florida Attorneys Help Land $247 Million Loan for PortMiami Terminal

By John Lantigua |

The loan covers terminal construction for Royal Caribbean Cruises under a lease with port owner Miami-Dade County.

Tech Companies Need Power, AC and Games

By Mary Welch |

Taking their cues from millennials, tech companies in South Florida are searching for infrastructure and a little fun.

Thor Offering 2 Acres in Miami's Wynwood After a Year Hold

By Carla Vianna |

Thor Equities wants to cash out on 2.5 acres in the busy Wynwood market.

Courvoisier Courts condominium at 701 Brickell Key Blvd, Miami.

Miami Condo Manager Claims Retaliatory Firing

By Carla Vianna |

KW Property Management — one of the largest property management companies in the state — is facing a Miami whistleblower lawsuit and disgruntled residents in another tower it manages.

276 NW 27th Terrace, Miami ; 235 NW 27th St., Miam

Goldman Sells Miami Acre for $31 Million

By Carla Vianna |

A block of land changes hands in the Wynwood neighborhood for $565 per square foot.

Moishe Mana.

Sprawling 25-Acre Mana Wynwood Project Gets Go-Ahead

By Carla Vianna |

The Miami City Commission backs a redevelopment project expected to bring homes and commercial, arts and park space.

The W Miami Hotel, formerly the Viceroy Hotel.

Middle Eastern Buyers Investing in Miami Area

By Carla Vianna |

Miami was the fifth most sought-after U.S. real estate market for Middle Eastern investors in 2015 and the first half of this year.

Boris Kozolchyk.

Brokers Represent Both Sides in Sale of Downtown Landmark

By Carla Vianna |

Two brokers with Colliers International South Florida facilitated the trade of a 91-year-old Miami property to acquisitive developer Moishe Mana.

Metropica Development.

Metropica Looking for EB-5 Dollars in Sunrise

By Carla Vianna |

The 65-acre development near Sawgrass Mills hopes to fuel construction with foreign money from the EB-5 visa investment program.

Hampton Inn & Suites by Hilton at 101 SE First Ave., Gainesville.

Miami Company Buys Gainesville Hotel for $27 Million

By Carla Vianna |

Key International nabs a downtown Gainesville hotel near the University of Florida for $218,000 a room.

Skanska USA project executive Andy Allen standing at the Frost Museum construction site in Downtown Miami.

Construction Is Booming, But Labor Supply Isn't

By Carla Vianna |

South Florida's construction boom is alive and well — but the region is facing a notable labor shortage.

Craig Studnicky.

South Florida Pushing for Chinese Real Estate Buyers

By Carla Vianna |

South Florida's real estate and business sectors have sparked curiosity in China: A group of 18 top Chinese real estate agents flew to Miami to visit several developments.

Brickell City Centre rendering

Swire Creates Magazine for Its Brickell City Centre

By Carla Vianna |

What more could a sprawling new urban center need? The developer behind Miami's Brickell City Centre decides a luxury lifestyle magazine is the answer.

Kirk Olson, left, and Drew Kristol, right.

Brokers Generate $10 Million Gain on Three-Year Hold

By Carla Vianna |

Marcus & Millichap's Kirk Olson and Drew Kristol help their client hit a real estate "home run" with an $18 million suburban retail deal.

$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.