The value of South Florida construction starts plunged in April compared with the month before and the same period last year.
Real Estate News
Nearly two-thirds of the revenue generated via Airbnb in Miami comes from hosts listing multiple units at once.
Moves by institutional investors into multifamily and other commercial ventures in Broward County illustrate the attraction.
MDM Development Group's hotel and expo center project secures a $115 million subsidy commitment from Miami officials.
Giant Japanese conglomerate Sumitomo Corp. purchased the Miami Tower in an agreement that will most likely lead to the sale of the iconic downtown property.
Robert Dockerty of Dockerty Romer represents the buyer on the purchase while raising $50 million in financing.
The Fort Lauderdale federal courthouse needs plenty of repairs, but there's no space for a new one in downtown Fort Lauderdale, according to a new government report.
A panel of EB-5 experts discusses the legislative hurdles faced by the cash-for-visa program amid heightened federal scrutiny.
City officials are considering new rules for waterfront development following repeated tide-driven flooding.
A Miami garage wins a top prize in an international architectural contest. Check out the City View Garage.
Fancy rentals dominate the nation's — and South Florida's — new multifamily arena.
Fort Lauderdale lawyers guide the purchase of the 352-unit Barcelona Jupiter luxury complex.
A Connecticut investor buys the five-building Waterford at Blue Lagoon Business Park for $191 per square foot and gets $50 million in financing.
Lyle Chariff reinvents an "unbuildable" lot in Miami's Design District for $13 million after crossing a number of redevlopment hurdles in three years.
Not a bad binge. "The Jills" make about $850,500 in commissions on four Fisher Island real estate deals.
Statewide industrial vacancies dropped below 6 percent in the first quarter for the first time since 2006.
Amid a luxury housing market slowdown, Miami real estate professionals say economic factors have more effect than new federal scrutiny.
Miami needs to tax itself to improve transit and become a more attactive city for business and job seekers, writes attorney Mitchell Bierman.
Colombia leads all foreign nations in searching for Miami real estate online, interest from the U.K. strengthens to a record high, and Brazil drops to No. 5.
An Arizona developer secures $50 million construction loan and closes on a $10 million land purchase for a West Palm Beach project.
New York investors buy the three-building Aventura Corporate Center for $417 per square foot.
Miami lawyer Andrew Stearns starts an investment platform and finds some odd developments in Miami condo resales.
A partnership of developers secures $41 million in financing for the 259-unit Parc3400 east of the town's college campuses.
A Brazilian developer has revived an ambitious plan for a narrow lot on the south side of the Miami River.
The state is picking up $1.5 million that the federal government had been expected to contribute to a deal to conserve 1,617 acres of ranch land and panther habitat in eastern Collier County.
A prominent developer claims the Kolter Group LLC squeezed him out of a lucrative deal for a parcel on Las Olas Boulevard near downtown Fort Lauderdale.
A Houston investor pays $253 per square foot for the community shopping center.
A recent study shows millennial renters grossly underestimate how much a down payment on a starter home really costs.
The city's Urban Development Review Board supports waivers for an 866-foot tower near the Dade County Courthouse.
A nearly 7-acre Wellington horse farm owned by the founders of financial management firm Artisan Partners L.P. sold for $17.45 million.
RTA Products is leasing 93,700 square feet after moving from Miramar.
A legal battle has been brewing between the founders of Bal Harbour Shops and Village Vice Mayor Patricia Cohen.
Despite legislative obstacles, Tri-Rail operators have revived a plan to connect West Palm Beach commuters to downtown Miami.
The Fourth DCA largely ruled against investors who claimed they were duped by misleading marketing for the failed Trump International Hotel & Tower in Fort Lauderdale but reversed on attorney fees.
The Thompson Miami Beach sells for $603,000 per room to the Hyatt Hotels Corp.
Reporter Carla Vianna interviewed Jon Paul Perez, the eldest son of developer Jorge Perez, about his first condo project in Miami. Auberge Residences & Spa will be in Miami’s Arts and Entertainment District on Biscayne Boulevard.
A CoStar Group research plane mapping new construction in South Florida documents 40 projects near Fort Lauderdale as part of a national research project.
Pompano Beach-based Stonegate Bank will acquire the holding company for the five-branch Regent Bank to create a community bank with $2.7 billion in assets.
As South Florida's retail sector experiences a resurgence, new warehouse design is reshaping demand for industrial space in Miami-Dade County.
South Florida's luxury market suffered several hits, but experts don't foresee a bust.
Miami-Dade Circuit Judge Beatrice Butchko threw out loan servicer Ocwen Financial's records after describing the loan servicing transfer process as a "legal fiction."
Unit owners are suing the developers of the Trump Towers in Sunny Isles Beach, claiming several hundred alleged construction defects.
South Florida home sellers came away with average gains of $50,000 on their purchase prices.
The 331-unit Edge apartment complex in Fort Lauderdale's Flagler Village points to an emerging neighborhood rife with redevelopment opportunities.
Todd Michael Glaser is on the prowl for 50 teardowns off the water in Miami Beach.
After rejecting an $8 million offer, the owners of the Two Aces property are betting they'll get even more for warehouses purchased for $240,000 in 2002.
Experts say a locally focused market and investors priced out of Miami are fueling Broward County's residential real estate industry.
North Miami Beach's latest kuxury condominium project — The Harbour — secures the loan from the Bank of the Ozarks.
A joint venture purchases the iconic Sagamore Hotel for $677,000 per room after its former owner died.
English retail and soccer billionaire Mike Ashley sells his eight-bedroom mansion on Miami Beach's La Gorce Island.
RealtyTrac reports the slowest rate of foreclosure filings since the housing bubble burst.
South Florida's rental market is creeping up into the nation's most expensive communities, but year-over-year jumps are expected to slow this year.
Insurance tycoon Peter Wood purchases the former home of media mogul Jonh Kluge, once the richest man in the United States.
A real estate brokerage and attorney-homeowner defeat a $7 million defamation lawsuit over a newsletter testimonial.
Goldman Sachs agrees to pay $2.4 billion in civil penalties plus $1.8 billion to distressed borrowers in the sale of shoddy mortgages before the housing bubble burst.
A team generating $230 million in leasing transactions last year left Cushman & Wakefield to start its own brokerage.
Miami and Palm Beach are among the top 10 office markets nationwide in terms of absorption and rental growth.
Corporate Counsel wanted to find out what happened to the billions of dollars in mortgage relief promised to consumers in settlements between the government and misbehaving banks. Today is the first of four installments about our search and what we found. The full story will appear in the May issue of Corporate Counsel magazine.
HSBC bank is leaving Coral Gables for Brickell suites in Miami's Four Seasons Tower.
SkyRise Miami has dropped its pursuit of a $9 million Miami-Dade County subsidy to fund the proposed 1,000-foot entertainment tower.
Alan Kleber, executive managing director of JLL South Florida, discusses the impact of its acquisition of Cresa South Florida and what's ahead for South Florida real estate.
The $8.9 million sale at Fort Lauderdale's Auberge Beach Residences & Spa broke county records.
World-renowned architect Zaha Hadid died in Miami, leaving behind plans for a 62-story skyscraper on Biscayne Boulevard.
Sen. Anitere Flores, R-Miami, wants Senate leaders to establish a select committee to review the recent discovery of a radioactive isotope in Biscayne Bay linked to a nuclear power plant in southeast Miami-Dade County.
Miami City Commissioners deferred a vote on a subsidy package for the $750 million Marriott Marquis Miami Worldcenter Hotel & Expo at the old Miami Arena site.
An appeals court says a Wellington homeowner association wrongly barreled through a foreclosure sale after the owner filed for bankruptcy protection.
Following the $27 million sale of a Dania Beach distribution center, Cushman & Wakefield brokers a long-term lease with one of Europe's largest airlines.
Developer Moishe Mana teams up with the University of Miami School of Architecture to design micro-living projects in Miami's urban core.
Delray Beach developer Frank McKinney, once a builder of mega-mansions, is thinking small and rolling out micro versions for the ultra-rich.
The Anbang insurance company ups its bid for Starwood Hotels in a bidding war with Marriott International.
Former professional soccer player David Beckham and his investment group closed on six acres of land in Miami's Overtown neighborhood for his long-proposed soccer stadium.
Gary Gerson and Alan Lips speak with the Daily Business Review about the growth of their firm, Gerson Preston Robinson & Co., one of South Florida's oldest homegrown accounting firms.
A company tied to Antonio Brown pays $6.6 million for a 12-bedroom Hollywood mansion.
A developer scoops up an acre near David Beckham's proposed Major League Soccer stadium in Miami's Overtown neighborhood.
A new-to-market New York investor paid $30.05 million for Palm Beach Gardens' Corporate Center at the Gardens, comprised of two Class A buildings with 115,000 square feet.
The city's 3-acre administrative headquarters on the Miami River is up for sale.
Investcorp closed on about $220 million worth of acquisitions, including three student housing properties in Boca Raton.
For South Florida tenants on the hunt for new office space, don't expect developers to deliver new space.
Online lodging service Airbnb is allowing travelers from around the world to book stays in private homes in Cuba after the San Francisco-based company received a special authorization from the Obama administration.
Starwood signed a deal to renovate and run three Cuban hotels, returning U.S. chains to the island more than 50 years after American hotels were taken over.
The beginning of the federal geographic targeting order coincides with a slowdown in luxury home deals, but industry experts don't see a cause-and-effect relationship.