Real Estate News
Parents who've been waiting for their grown children to move out may finally be in luck.
On the terrace, "the stellar view by itself makes it unique," says Mika Mattingly, a commercial real estate broker who likes to power-lunch with out-of-town clients at Area 31.
The 260-acre purchase off Interstate 95 in Palm Beach County is approved for 275 homes.
Spending on renovations may rise to a record this year as homeowners with low interest rates decide to stay put and remodel their existing homes.
The Commercial Industrial Association of South Florida hosted its 15th annual Industrial Report at the Country Club of Coral Gables.
The share of Americans who own their homes was 64 percent in the fourth quarter, down from 64.4 percent in the previous three months.
Should've Been Straightforward, But See How a Clerical Error Put BofA on Wrong End of Foreclosure CaseBy Samantha Joseph |
What can go wrong in a foreclosure case went wrong in two Broward Circuit cases--the wrong legal description and a misplaced promissory note in the clerk's office.
An Illinois food service company acquires two South Florida facilities from Gold Coast Beverage Distributors.
IndCor Properties has inked a 324,000-square-foot lease transaction with Floor and Decor Outlets of America at its Countryline Business Center in Miramar.
As the key spring U.S. home-selling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue.
The heat has returned to the Miami's real estate market. Construction for over 300 new residential towers are in the pipeline and business is booming. But is it another bubble?
The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime.
State Chief Financial Officer Jeff Atwater isn't ready to discuss a Louisiana official tabbed by Gov. Rick Scott as a possible replacement for Florida's longtime insurance commissioner.
St. Joe Co., a northern Florida real estate developer, received a Wells notice from the U.S. Securities and Exchange Commission indicating the agency will file an action for securities-law violations, according to a regulatory filing.
Camilo Lopez, president of the Solution Group, says the 10-story Cassa Brickell introduces a concept called "air houses."
A New York investor extends its substantial Wynwood holdings at $138 per square foot.
Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014.
A three-year winning streak for sales of previously owned homes in the U.S. ended in 2014 as some investors stepped out of the market and first-time buyers failed to fill the void.
The gated 79-unit Altis at Coconut Creek complex sells for $782,000 per unit.
Government-backed mortgage company Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.
D.R. Horton Inc., the largest U.S. homebuilder by revenue, reported fiscal first-quarter earnings that beat estimates as sales jumped. The shares rose as much as 6.1 percent.
The three-floor, 9,200-square-foot unit in Bath Club Estates is made for someone seeking the space of a single-family home and amenities of a luxury condo.
A Meruelo family company pays nearly $9 million an acre for a coveted development parcel in the Omni West neighborhood.
Tenants at the iconic 47-floor landmark are irate about broken city-owned elevators serving the office building's garage. Twenty-minute waits have become commonplace.
Glozal Group is offering a free $70,000 Tesla Model S with dedicated parking space and built-in charger with each of the multimillion-dollar condos at Z Palm Beach Residences.
Aztec vice president Jason Katz says Miami's central business district is "one of the last bastions of dealmaking with Miami locals."
The best year for home construction since 2007 will help the economy weather slowing global demand for U.S. exports and a drop in energy prices.
As the real estate boom makes Miami increasingly unaffordable, activism around affordable housing and gentrification is heating up.
It seems the rush to clear Miami-Dade's clogged foreclosure docket backfired on appeal.
The Fourth District Court of Appeal finds "a piece of the foreclosure puzzle" missing and sides with homeowners over HSBC.
The furniture store sale sets the record as the largest price tag in the last four years in the neighborhood.
Richman Greer attorney Manny Farach analyzes three major land-use cases of the past year.
The general contractor will supervise construction of All Aboard Florida stations in Fort Lauderdale and West Palm Beach.
Celebrity chef Gordon Ramsay is facing a real-life kitchen nightmare after a British judge ruled him personally liable for the $1 million annual rent on a London gastropub.
Developers file a $200 million suit against Aventura to start construction of Prive at Island Estates.
Miami Beach's Lincoln Road and Doral are good retail real estate bets for 2015, Aztec Group managing director Jason Shapiro says.
Blackstone Group LP is offering the first securities of 2015 tied to rental homes, the start of what Morgan Stanley analysts predict may be a more than doubling of issuance this year in the nascent market for such debt.
The seven-month stock rally for Home Depot Inc. and Lowe's Cos. could be at risk as the U.S. housing market stalls.
A New York company pays a record $770 per square foot for an industrial-zoned property in Miami's Wynwood neighborhood, the latest darling of real estate investors.
American cities are starting an architectural arms race to the sky with super-sized Ferris wheels, a 100-story observation tower and maybe even a mammoth golf ball atop a 300-foot tee planted in the Arizona desert.
Chief economists at Fannie Mae and Moody's Analytics Inc. as well as the Mortgage Bankers Association all predict a turnaround for the U.S. mortgage market this year after a record decline in 2014.
Miami-based Lennar Corp. said fiscal fourth-quarter earnings climbed about 50 percent as it sold more houses at higher prices.
The number of homes repossessed by banks fell 29 percent last year to the lowest level since 2006, a year before the subprime mortgage crisis.
The former home of convicted Tyco International CEO Dennis Kozlowski was built with a $19 million and originally listed for $25 million.
Miami Beach wants Miami officials to reconsider the scale for a major hotel-marina project planned on Watson Island.
In boom times, as in times of economic distress, hotel property acquirers seek a workforce to deliver a customer experience that helps boost occupancy rates and preserve guest loyalty. But they also seek to avoid liability for any employment law violations committed by the seller.
Contractor Rocco DiBenedetto says he competes against dozens of companies who can undercut him in price because they don't pay licensing fees.
Standard & Poor's is close to a settlement of about $1 billion with the U.S. for allegedly misleading investors about its ratings of mortgage-backed securities before the subprime crisis, a person familiar with the matter said.
The parking garage in Sunny Isles Beach will take Lamborghinis and Maseratis three levels underground, a difficult engineering feat requested by the developer at a cost of $25 million.
First it was Miami World Center and SkyRise Miami. Now a third developer is asking for public land and millions of dollars in government subsidies for a massive project.
The Federal Aviation Administration is pushing back on plans for 1,000-footers and suggests something under 475 feet east of Miami International Airport.
The 40,000-square-foot supermarket is miles from the nearest Wal-Mart Supercenter and opens as the giant retailer presses its yearslong bid for a Midtown Miami location.
Related Group chairman Jorge Perez says an end to a U.S. economic embargo on Cuba could help turn Havana into a mecca for real estate investment.
The Fourth District Court of Appeal focused on lender documents and standing in deciding three foreclosure cases. Homeowners won two of them.
An Edgewater development is the first pre-construction project in Miami to receive Fannie Mae approval for lower down payment rates since the housing crash.
The developer of a Donald Trump-branded hotel and apartment complex in Panama missed a bond payment 18 months after issuing the notes when it emerged from bankruptcy.
Takeovers among U.S. real estate investment trusts are poised to accelerate as shareholder activism increases and executives become more receptive to deals, according to research firm Green Street Advisors LLC.
Broker Christopher Zoller said last month's 16 percent fall in condo sales is "a direct reflection of the fact that people want new condominiums."
A sale in Coral Gables' exclusive Cocoplum enclave fetched the highest per-square-foot price since the housing crash.
Stearns Weaver Miller Weissler Alhadeff & Sitterson has renewed its lease and expanded its space at Museum Tower in downtown Miami.
Home values rose 5.5 percent in November compared with a year earlier.
Lawyers For Children maintained two small offices in the Southeast Financial Center for about 15 years.
The Third DCA sided with a homeowner who faced multiple default judgments despite filing responses in a wrongful foreclosure case.
The Florida International University LawBridge program, which helped new graduates launch solo practices, is being "rebooted" after the program lost its free office space in downtown Miami.
U.S. office landlords ended last year with the biggest gain in occupancies since 2007, signaling a pickup in momentum for the sluggish recovery since the last recession.
Young buyers have been shut out of the housing market since its rebound in 2012 from the biggest collapse since the end of World War II and now are belatedly part of its recovery.
Demand for rentals has grown after owners of more than 5 million U.S. homes went through foreclosure since 2007, mortgage lending tightened and younger families postponed buying because they can't afford or prefer not to own property.
City commissioners approved a multimillion-dollar subsidy package for the massive Miami Worldcenter project.
Miami led all 20 cities in the survey with a 9.5 percent climb in home prices, while San Francisco was second at 9.1 percent.
The mixed-used tower at 101 N. Clematis St. is a highly visible Class A property at one of downtown West Palm Beach's busiest intersections.
How slow is too slow on a foreclosure? After a seven-year foreclosure action, the Third DCA sides with a condo association and bars a lender's foreclosure play, but the court does not wipe out the mortgage.
A 2.39-acre development site in Brickell has traded hands for $74.74 million, scooped up by an affiliate of Beijing behemoth China City Construction and New York-based American Da Tang Group.
South Florida developer Glenn Straub says the price for the former Revel Casino should be $87 million instead of $95.4 million.
A deal set for a Miami City Commission vote would back off local hiring goals set in a September agreement with the Miami Worldcenter developers.
A tech developer says software allowing 3-D real-time walk-throughs of pre-construction condo units is the wave of the future.
Despite nearby prostitutes and drug addicts, the Starlite Motel sits on nearly an acre zoned for 24-story towers and development of up to 48 floors under Miami 21 land-use guidelines.
A real estate investment fund linked to Prudential Financial Inc. partnered with Stiles Corp. for the $108 million acquisition of Fort Lauderdale's New River Center on Las Olas Boulevard.
Congress adjourned for the year without extending a terrorism risk insurance law. A lawyer calls for speedy reauthorization.
Longtime foes of the Miami Worldcenter project are stepping up their fight against the project with another lawsuit.
Two reports on South Florida's housing rental rates show that as vacancy rates decreases, rents are expected to go higher.
Defense attorneys say the rush to clear the foreclosure backlog gives lenders a loophole to bypass federal rules that protect homeowners.
Oscar winner Matt Damon unloaded an expansive North Bay Road property for a 6 percent gain on the 2005 purchase price.
Thanks to a burgeoning federal immigration program offering permanent residence to foreign investors, South Florida developers are raising millions of dollars through EB-5 funding.
With more than 150,000 construction site injuries a year, companies like Skanska are trying to do something about it.
Unexpected demands from public officials and the unyielding economics of the real estate boom are putting a squeeze on the massive Miami Worldcenter after the projected groundbreaking was pushed back three months into 2015.
Centro is a collection of approximately 350 loft-style residences arranged across 37 floors in downtown Miami.
A jury found Lucie Tondreau guilty of engineering an $8 million mortgage fraud before she was elected.
A federal jury in Miami finds former BankAtlantic Bancorp chairman Alan J. Levan defrauded investors on the verge of the housing crash in 2007.
The plan calls for Flagler Street to be leveled with wider sidewalks added so that it can occasionally become a pedestrian promenade.
Welcome to South Florida, 2014. As in most years, celebrities left their marks. Here are 25 of the most interesting celebrity cases of the year.
The creation of Mexico's first mortgage real estate investment trust may foreshadow more liberal investment vehicles in Latin America.
Revel has asked the bankruptcy court to let the auction's runner-up, South Florida developer Glenn Straub, buy the property.
Terranova Corp. says pent-up demand for high-end Miami Beach space is causing it to expand buildings upward in the Lincoln Road shopping district.
Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle-class jobs that attract workers.
Broward County commissioners must pay the county appraiser the budget assigned to her by the state, an appellate panel ruled.
A state appellate court has unraveled a multimortgage foreclosure case on a prime Miami Beach home that resulted in the Florida Bar discipline.
Tiger Woods will design an 18-hole championship golf course to be built by Damac Properties in Dubai almost four years after another planned course was canceled in the wake of the city's property-market collapse.
The Fort Lauderdale hotel seels for $345,000 per door in a large transaction that bookends a year full of monster hospitality deals in Broward County.
Bill Braswell is staying put in his Virginia home even though he could sell it for 10 times what he paid in 1980 and some of his retired friends are moving to warmer climates.