The project manager for the Miami Worldcenter project presented a vision of a pedestrian-friendly venture that will leave cars on the fringes.
Real Estate News
Sales of new homes dropped 14.5 percent to a 384,000 annualized pace, the weakest since July.
Developers are seeking permission for a $30 million residential development at the former Delray Beach Yacht Club.
A prominent Miami Beach entrepreneur has bought more than an acre of Overtown land just a few blocks from the future All Aboard Florida passenger rail station.
House prices in February had their smallest gain in a year, in a sign that the housing market's recovery is cooling.
Sales of existing homes slipped to their lowest level since July 2012 due to rising prices and a tight supply of available homes.
The Broward County Convention Center is planning a makeover with a new hotel and exhibit space.
President Raul Castro legalized a real estate market, but 2½ years later it's failed to solve Cuba's chronic lack of suitable housing.
The American Express Co. office complex in Plantation sold for $33.5 million after going for $73 million in 2007.
Property-tax collections nationally rose to $182.8 billion during the last three months of 2013, when much of the money is due, according to a U.S. Census estimate.
Hollywood-based investor Yair Wolff is looking to turn the half-demolished building into an ultra-luxury residential site at 6901 Collins Ave.
Miami Beach City Manager Jimmy Morales presented a preliminary timetable that assumes the much-delayed project will be considered and approved by all appropriate municipal bodies within 16 months.
State staff has recommended Gov. Rick Scott approve the $803,000 sale of two noncontiguous parcels in Hillsborough County.
Los Angeles is the only metropolitan area to show a net decline of jobs in the past two decades.
Administrative orders under challenge are being used in Miami-Dade and Palm Beach counties to dispose of foreclosure cases.
Fashion executive Tommy Hilfiger's company is paying $56 million for Miami Beach's Raleigh Hotel and adjacent parking.
Brian T. Moynihan, who compared cleaning up Bank of America's mortgage mess to lugging a backpack up a mountain, posted his fourth quarterly loss since he became chief executive officer.
Miami's Mayfair hotel and 136 condo units have sold for $27.6 million to a group that includes previous owners tied to the former Ceebraid-Signal.
The shuttered 181-acre California Golf Club in North Miami sells to a New York developer for $19 million.
U.S. homebuilders' confidence in the housing market rose modestly in April but remained at low levels for the third straight month, constrained by tight credit for home buyers and a shortage of workers and available land.
The latest buyer on Miami Beach's Star Island is a New York hedge funder linked to the SAC Advisors insider trading scandal.
West Palm Beach is considering a zoning change to encourage development near Currie Park across from the Intracoastal Waterway.
The city and a private partner are laying the infrastructure for a massive $375 million redevelopment project in Riviera Beach. The success of the marina district and the ongoing improvements along the Broadway corridor are literally changing the face of this city.
The buyer of the $32.5 million Comerica tower says Fort Lauderdale's rebounding real estate market influenced the purchase.
The office building at 2699 S. Bayshore Drive wasn't actively marketed, but Mast CEO Camilo Miguel Jr. enticed the deal by offering $13.5 million more than the building sold for in 2012.
Landlords are learning there's a big risk associated with relying on one tenant. The trend in South Florida is to find several smaller ones to lesson the pain of a sudden exit.
A far-reaching economic development plan that was the focus of a City Commission workshop tries to create jobs, grow the tax base and attract business to West Palm Beach.
Developer MG3 has broken ground on a $35 million charter school in Hollywood.
The Fannie Mae and Freddie Mac divisions that lent to apartment landlords came out of the financial crisis relatively unscathed, partly because of better underwriting.
An agency of Palm Beach County plans to issue $190 million of revenue bonds for a nonprofit developer to build a retirement community.
Trader Joe's in South Florida is a boon to the region, brokers and analysts say. Meanwhile, the industrial market is facing a squeeze thanks to growing demand from the logistics and international trade sector.
The South Florida industrial market is facing a squeeze as demand from the growing international trade and logistics sector pushes against the potential for long-term scarcity of industrial infrastructure.
Retail brokers and analysts hail Trader Joe's entry into South Florida as boon to real estate landscape.
Miami-based Houses.com, a real estate classifieds site and online brokerage, is forming a partnership with Coral Gables-based Bayview Asset Management.
While Benjamin Lawsky's purview is confined to New York state, he's used his leverage over licensing to dictate business practices to global banks, consulting firms and non-bank lenders.
The house of fictional movie producer Jack Wolz in 'The Godfather,' where he woke up with a horse head in his bed before letting out a horrific scream, is on the market for $135 million.
Miami Children's Hospital System is moving its administrative headquarters to a newly leased 79,156-square-foot office at Waterford at Blue Lagoon.
Investors in Orlando and Boston form a joint venture to buys the Sawgrass Lake Center office complex in Sunrise for $45 million.
Miami Dolphins linebacker Dannell Ellerbe buys a $1.55 million Davie mansion less than 10 miles from training camp.
The housing market's spring selling season, the March through June period when more than half of U.S. home sales take place, is getting a late start this year because so much of the country has been in the grips of bad weather.
Bankruptcy trustee Barry Mukamal claims homebuilder D.R. Horton left a Miami Gardens homeowner association in financial ruin when the housing bubble burst.
New York developer Richard LeFrak is keeping a penthouse for himself at the 1 Hotel and Homes on Collins Avenue in Miami Beach.
With stiff competition nearby, Pascal's on Ponce in Coral Gables has managed to flourish since 2000 by offering authentic French cuisine, top-notch service and a quiet, intimate setting without budget pricing.
Average U.S. rates on fixed mortgages rosein the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015.
The Third District Court of Appeal allows a condominium association in Miami's Coconut Grove to pursue its lawsuit against a hotel and spa operator.
Expectations for a 20-year population growth cycle in Florida—along with foreign buyers—will feed the South Florida real estate market, according to real estate columnist Jack McCabe.
Florida Gaming Corp. auctioned the casino to its primary lender, ABC Funding LLC, amid competition from other bidders.
A class action lawsuit claims Bank of America and Nationstar Mortgage threaten seniors with foreclosure in a forced-place insurance ruse.
Miami Worldcenter Associates got blasted for "bad communication" with those likely to be affected by the 750,000-square-foot retail project planned on 17 acres in Miami.
The luxury Class A towers at 350 and 450 E. Las Olas sold to a company linked to a Chicago-based real estate investment group.
The nine-bedroom, 11-bathroom home at 15 Star Island Drive had listed for as much as $18.9 million but sold for a 38 percent premium over the $12.75 million it fetched at auction in late 2011.
In revealing proposed plans for a soccer stadium at PortMiami, backers delve into prospects for parking near the planned 25,000-seat facility.
Thousands of Puerto Ricans streamed into the island's main convention center to learn how to prepare for a potential move to Florida.
A judge has sided with a millionaire investor who sued prominent attorney Roy Black over a boundary dispute between their exclusive Star Island properties in Miami Beach.
Matias Koretzky is pitching South Florida residential real estate from a tech startup that got its start in Argentina and Brazil.
In a lawsuit that mirrors class actions filed on behalf of homeowners in foreclosures cases, a class action has been filed in Miami federal court against JPMorgan Chase alleging Chase Bank used robo-signed affidavits to obtain default judgments against credit cardholders.
A Chicago-based real estate investment company sells the landmark Douglas Entrance office complex in Coral Gables for $101 million to two institutional investors.
An investor spends $20 million quietly assembling at least three commercial sites in the retail section of Miami's Coconut Grove.
It's not quite a landlord's market, but it's not the tenant's paradise that landlords have suffered through since the financial crisis.
Changing perceptions about what a professional office environment should be have made it popular for companies to lease shared office suites.
To prevent fraudulent tax returns, the Internal Revenue Service is using a more conservative approach to issue tax identification numbers to foreign investors. A side effect, though, may be a delay in U.S. real estate deals.
Bioresource Technology Inc. relocated in February, leaving Miramar after 14 years to occupy 26,000 square feet in the Weston Business Plaza.
Online shopping is feeding growth in the industrial market since retailers still need storage space for the inventory heading to their customers.
U.S. homebuilders' confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up.
Bipartisan Senate legislation would wind down Fannie Mae and Freddie Mac in five years and in the interim would maintain the current arrangement in which the mortgage financiers pay all of their profits to the Treasury.
A Fort Lauderdale jury cleared Donald Trump of liability to depositors in the failed development of a beachfront condo-hotel tower.
A Miami jury has sided with real estate developer Ugo Colombo, ordering Dacra Development Corp. to pay $2 million in maintenance fees for costs associated with a corporate jet jointly owned.
Pompano Beach's community redevelopment agency has successfully positioned the eastern side of the city for new private investment.
Gil Dezer had 850 unsold condominiums on his hands five years ago and almost $500 million in loans coming due as credit markets froze and buyers disappeared. Today, he's back in the market with what he sees as a safer bet: a 132-unit luxury project for auto enthusiasts called the Porsche Design Tower.
An attorney for a homeowner says the former attorney for the village of Pinecrest cost the small Miami-Dade County community $415,000 in a forfeiture case.
A homeowner association is suing Delray Beach over two roads missing for a new plan for Atlantic Crossing, a $200 million downtown development.
Fannie Mae and Freddie Mac would be eliminated and private interests would be on the hook for the first 10 percent of mortgage losses under a bill leaders of the Senate Banking Committee plan to introduce within days.
A Miami advisory board's approval of higher density for a residential mid-rise in the Wynwood neighborhood opens the door to future condominiums.
Todd T. Westhus was the mastermind behind Perry Capital's 2010 purchase of Fannie Mae and Freddie Mac preferred shares at 2 cents on the dollar.
A receiver is authorized to liquidate the 2.8-acre site adjacent to the Hillsboro Inlet that has a 25-slip marina and preliminary approval for a hotel and restaurant development.
A Miami advisory board rejected a plan by high-profile developer Melo Group to build a 36-story building on an acre in a blighted area west of the Adrienne Arsht Center for the Performing Arts.
Reviewing a case a second time, the Third District Court of Appeal cuts off liability for unpaid homeowner association fees after foreclosure.
First-time homebuyers hurt by rising prices and tougher credit standards are disappearing from the market, slowing the pace of the three-year recovery.
Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums.
The shuttered Broward Correctional Institution, once home to Florida's death row for women, is up for sale: 66 acres on Sheridan Street near State Road 27.
United Teachers of Dade sells a 1.6-acre lot in Miami's Edgewater neighborhood but misses out on booming prices under a contract signed more than a year ago.
The 14-story Chase Bank Building at 150 SE Second Ave. last sold for $16.4 million in June 2012 at a slight discount from the mortgage granted by defunct Capmark Bank.
Florida is the only state that collects sales tax on commercial rent, levying a 6 percent fee that generates $1.2 billion in annual revenue.
Fairholme Capital Management's Bruce Berkowitz wants Fannie Mae and Freddie Mac to retain earnings rather than repay the Treasury Department.
Chief U.S. District Judge Federico Moreno has approved a $300 million settlement with JPMorgan Chase over forced-place homeowner insurance.
While tiny houses have been attractive for those wanting to downsize or simplify their lives for financial or environmental reasons, there's another population benefiting from the small-dwelling movement: the homeless.
The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country's most densely populated areas.
Jack McCabe predicts what will happen this year in the real estate market.
A developer plans $12.5 million in industrial development in response to new demand after five-year lull.
Bob Swindell, president & CEO of the Greater Fort Lauderdale Alliance sits down with Edward Pozzuoli, President of Fort Lauderdale based law firm Tripp Scott, to discuss economic development in Broward County.
Urban street retail is booming, while malls move to create live-work-play environments.
Sales of existing U.S. homes plummeted in January to the worst pace in 18 months. Cold weather, limited supplies of homes on the market and higher buying costs held back purchases.
Fannie Mae posted net income of $6.5 billion from October through December, its eighth straight profitable quarter. Fannie will have repaid its full government bailout after paying its fourth-quarter dividend.
Wall Street-backed landlords are showing a greater appetite for bad mortgages as a source for cheap property as the supply of foreclosed homes declines while housing prices continue to climb.
A strong push to recruit financial services firms has left West Palm Beach in need of Class A office space.
Boehner and his wife have bought a luxury $835,000 condominium in a 14-story tower known as The Tampico on Marco Island.
A trend of fewer homeowners refinancing their mortgages as interest rates climb is helping to curb sales of home-loan bonds without government backing. It's also making new notes being issued safer, according to Moody's Investors Service.
Despite the bleak report, economist Richard Moody assures, "The housing market recovery is still intact."
Colombian real estate investor Jorge Arevalo accused Coral Gables attorney Steve Cronig of cutting him out of a deal for a Brickell property.
Snowstorms last week helped reduce homebuyer traffic to its slowest pace since April.