Real Estate News

Rendering of Wynwood 25, a project under construction in Miami's Wynwood neighborhood offering micro-apartment units.

Micro-Units: When Smaller Apartments Are a Bigger Draw

By Carla Vianna |

Apartment developers are responding to a cry for reasonably priced housing by filling their towers with smaller units with permission from cities across South Florida.

LoftSmart Website.

To See the Future of Renting, Watch the College Kids

By Patrick Clark |

To rent an apartment on LoftSmart, a website for college students looking for off-campus housing, users browse listings, take a virtual tour, and read reviews from current or past tenants. If they find a place they like, they can put in an application, sign a lease, and pay their security deposit—all online.

Kurz Real Estate Broker Stumbles Upon Rare Portfolio in Miami

By Carla Vianna |

Erick Vargas of Kurz Real Estate Corp. introduced his client to a rare real estate opportunity in Miami-Dade County: a 35-property portfolio he happened to stumble upon.

Spanish singer-songwriter Julio Iglesias is offering four undeveloped, adjoining waterfront lots in Miami’s wealthy Indian Creek Village.

Julio Iglesias Offers Waterfront Lots for $150 Million

By Carla Vianna |

This is how much eight waterfront acres in one of Miami Beach's most exclusive, high-end island villages could sell for.

Pembroke Pines City Center rendering.

Pembroke Pines Growth Attracts Retail Buyer

By Carla Vianna |

It's back to the suburbs for these investors and developers: Commercial real estate deals and developments are up in Pembroke Pines.

Transwestern managing director John Bell

Transwestern Brokers Sale of High-Vacancy Jacksonville Tower

By Carla Vianna |

Transwestern's Miami-based managing director John Bell helps market and sell an underperforming office asset in downtown Jacksonville for $15 million.

11000 Miramar Blvd., Miramar.

Miramar Apartment Sale Generates $82 Million

By Carla Vianna |

Another top-dollar South Florida apartment complex has traded. This time, the Miramar Park Apartments went for more than $273,000 per unit.

Conrad Hotel.

Conrad Miami Hotel Sells for $72 Million

By Carla Vianna |

The sale of the 203-room Brickell Avenue hotel comes with a rental program for an additional 41 condo units.

2 MiamiCentral will be connected to a new transit hub in downtown Miami.

Offices Set to Open Before Brightline Trains Reach Miami

By Carla Vianna |

Downtown Miami will soon welcome two new office towers as All Aboard Florida's MiamiCentral Brightline station nears completion with train service expected to start this fall.

Yul Dorn, who lost his home to foreclosure, poses outside a motel near his office Thursday, July 6, 2017, in San Francisco. Dorn and his wife raised their son and daughter in a two-story home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago. Today, the couple is living in a motel after they were evicted last year, having lost a foreclosure battle. A second home they inherited is also in default.

Black Homeowners Struggle as US Housing Market Recovers

By Janie Har |

The Dorns expect to join the growing ranks of African-Americans who do not own their homes, a rate that was nearly 30 percentage points higher than that of whites in 2016, according to a new report.

200 S. Miami Ave., Miami.

Downtown Miami FedEx Warehouse Sells for $37 Million

By Carla Vianna |

The distribution facility with future development potential trades for $31 million an acre.

Mika Mattingly.

Vacant Miami Lot Draws $666 per Square Foot

By Carla Vianna |

Mika Mattingly of Colliers International closes another deal for real estate developer Moishe Mana on downtown Miami's Flagler Street.

Amaray Las Olas, 215 SE Eighth Ave., Fort Lauderdale

Second-Quarter Multifamily Sales Approach $1 Billion in South Florida

By Carla Vianna |

At least 11 large apartment communities have new owners in a market fed by steady population and job growth.

1111 Lincoln Road, Miami Beach, Florida.

1111 Lincoln Road Icon Sells as Part of $283 Million Deal

By Carla Vianna |

Lincoln Road lands another big deal: CBRE Global Investors buys Miami Beach's iconic parking garage and adjacent property.

 William Scherer of Conrad & Scherer.

Dan Marino, Other Investors in Line for $23 Million in Interest

By Samantha Joseph |

Retired Miami Dolphins quarterback Dan Marino and other high-profile investors win $23 million in interest to pile on top of a $44 million verdict over a failed real estate deal.

Todd Weintraub, first vice president with CBRE Investment Properties Group

Surfside Retail Sells Without Full Marketing Campaign

By Carla Vianna |

When property hits the market in Surfside, it trades quickly. Just ask CBRE's Todd Weintraub.

Tere Blanca.

Blanca Serves as Business Liaison on Access to Justice

By Carla Vianna |

Miami's Tere Blanca will lead the efforts between Florida's business community and the state Commission on Access to Civil Justice to address the civil legal needs of disadvantaged Floridians.

George Perez, president and owner of Turnberry International Realty.

ONE Sotheby's Takes Over Turnberry International Realty

By Carla Vianna |

ONE Sotheby's International Realty purchases the Aventura brokerage with 100 agents.

South Florida Bank Fund Focuses on Affordable Housing

By Carla Vianna |

Meet the South Florida banks aiming to make a dent in the region's housing affordability crisis.

Robert Granda and Greg Matus.

Broker Connects to Chinese Buyer on Lauderhill Retail

By Carla Vianna |

Franklin Street brings a Chinese investment group to Broward County for the first time with the $4 million retail deal.

Airbnb to Collect Room Tax in Puerto Rico for Government

Puerto Rico signed a deal with Airbnb under which the company will collect the room tax from hosts on the island and turn the revenue over to the U.S. territory's government, which is mired in a financial crisis.

Vivian C. de las Cuevas-Diaz of Holland & Knight.

Holland & Knight Real Estate Attorney Lives for the Deal

By Carla Vianna |

Holland & Knight partner Vivian de las Cuevas-Diaz makes her mark in a male-dominated legal sector.

640 S. Ocean Blvd., Palm Beach.

Palm Beach Mansion Brings $36 Million

By Carla Vianna |

The oceanfront Palm Beach estate once owned by fashion designer Vera Wang's family sells after extensive renovation.

Las Vegas Approves Rules to Crack Down on Short-Term Rentals

By Regina Garcia Cano |

Las Vegas property owners interested in renting out their properties for brief periods will have to comply with new rules passed Wednesday meant to crack down on a booming short-term rental industry that has raised concerns among some residents and local officials.

Lion Country Safari

Lion Country Safari Changing Hands

By Carla Vianna |

Palm Beach County's Lion Country Safari is expected to change ownership this fall.

 La Gorce Island house.

Lil Wayne Sells Island Home for $10 Million

By Carla Vianna |

The hip-hop artists sells his Miami Beach mansion – shark lagoon and all.

Anthony De Yurre, left, and Salome Bascunan, right, with Bilzin Sumberg.

Bilzin Sumberg Team Handles Scientology Church Sale

By Carla Vianna |

Two lawyers help a group purchase a Coral Gables property formerly occupied by the Church of Scientology of Florida.

'Test Case': How Attorneys Defeated a $10 Million Class Action Over Condo Costs

By Samantha Joseph |

Q Club Hotel LLC appeared cornered when condominium owners won class certification in a suit over soaring maintenance fees.

Miami-Dade Near Top Nationally in Struggle With Housing Affordability

By Carla Vianna |

Miami is one of 11 large metro areas where more than 40 percent of households are cost-burdened, according to a Harvard University study.

2642 Barbara Drive, Fort Lauderdale.

Dolphins' Alonso Grabs Fort Lauderdale Home

By Carla Vianna |

Linebacker Kristian "Kiko" Alonso picks up a Harbour Inlet home for a fraction of his contract value.

Milagro Coral Gables.

Coral Gables Apartments Sell for $78 Million

By Carla Vianna |

A 237-unit apartment building near Miracle Mile is the latest in a slew of South Florida multifamiliy deals to close in recent months.

Company Strikes Gold on Defaulted Real Estate Infrastructure Bonds

By Carla Vianna |

Fort Lauderdale-based BTI Partners found a niche after the housing crash. The company bought defaulted community development district bonds to gain title to thousands of unfinished residential lots across Florida.

Elliott Throne, HFF managing director.

HFF Arranges $22 Million Multifamily Loan

By Carla Vianna |

Elliott Throne leads an HFF debt placement team that secures a $22 million acquisition loan on behalf of a Canadian apartment buyer in Port Richey.

Dolphin Mall.

Malls Pay the Most on Miami-Dade Property Tax Bills

By Carla Vianna |

Can you guess which commercial property has the highest property tax bill in Miami-Dade County?

New Greenberg Traurig shareholder Marina Ross

Greenberg Traurig Expands Its Real Estate Practice With Hire of 3 Florida Lawyers

By Monika Gonzalez Mesa |

Marina Ross, James Carenza and Eric Fischer join the real estate practice of the Am Law 100 firm.

Amaray Las Olas, 215 SE Eighth Ave., Fort Lauderdale

$134M Price Tag for Lauderdale Luxe Apartments

By Carla Vianna |

The Amaray Las Olas in Fort Lauderdale traded for $526,000 per unit, signaling strong investor interest in South Florida's multifamily market.

Santander Rescues Popular as Spain Real Estate Loans Sink Lender

By Charles Penty, Manuel Baigorri and Esteban Duarte |

In what may prove one of the final acts in Spain's banking crisis, Banco Santander SA stepped in to take over Banco Popular Espanol SA before the bank collapsed under a mountain of bad property loans.

Florida East Coast Industries CEO Leaves to Launch Real Estate Venture

By Carla Vianna |

Vincent Signorello steps down as CEO and president of FECI with his eyes focused on commercial real estate.

Financing Broker Lands $8M Crowdfunding Loan for Office

By Carla Vianna |

Grandbridge's Adam Lipkin secures the loan for a Houston-area office property from a crowdfunding real estate platform.

Royal University Plaza.

Coral Springs Retail Draws $48M Institutional Buyer

By Carla Vianna |

The second largest retail trade in Broward County this year was inked in Coral Springs by a subsidiary of Switzerland's Zurich Insurance Group.

Akerman Aids Housing Nonprofit in Dispute of Federal Proportions

By Samantha Joseph |

Firm attorneys and staff say they spent more than 2,000 pro bono hours on a zoning dispute that settled late last month.

Office Mogul Franklin Haney Gets New Chance to Fight Mansion Tax

By Samantha Joseph |

The real estate mogul who grew wealthy building federal offices is fighting the Palm Beach County property appraiser over taxes on a $24 million Manalapan mansion.

White House Senior Adviser Jared Kushner.

Creative Kushner Mapping Underscores Holes in Visa Program

By Bernard Condon |

The Kushner Cos. engaged in a bit of creative mapmaking to qualify one of its buildings in a booming New Jersey waterfront neighborhood across from Manhattan for a federal visa-for-investment program targeting struggling areas.

Judge Leslie B. Rothenberg.

Deal Didn't Close? Court Rules Broker Still Entitled to Commission

By Samantha Joseph |

A state appellate court awards commissions to a broker that secured 100 pre-construction contracts — even though 79 of them didn't close.

Tim Lobanov

Smaller Condos Get a Boost as Sales Sag at Big Offerings

By Carla Vianna |

Shovels are hitting the ground in South Florida's condominium market with smaller, cozier buildings.

Shapiro Blasi Lands Retail Refinancing

By Carla Vianna |

Boca Raton real estate lawyer Michael Shapiro arranges an $8 million loan for a shopping center in Margate.

Giancarlo Stanton, outfielder for the Miami Marlins.

Marlins' Stanton Grabs Three-Story Penthouse

By Carla Vianna |

Miami Marlins home-run hitter Giancarlo Stanton pockets a tony penthouse unit at the Aria on the Bay in Miami.

Easton Buys New Medley Warehouse for $22 Million

By Carla Vianna |

The Easton Group buys a newly built spec-warehouse for $120 per square foot.

Avison Young's Michael Fay, John Crotty, and Jonathan Satter.

Avison Young Builds Tenant Base Before $18.6M Office Sale

By Carla Vianna |

Avison Young helps revive, market and sell a previously troubled office complex in Palm Beach Gardens.