Can't beat them? Some agents join forces with Zillow, while others remain skeptical about the growing online real estate listing powerhouse.
Real Estate News
The best place to hook millionaire homebuyers this weekend? The Fort Lauderdale International Boat Show.
Longtime Miami developer Melo Group has acquired a full city block in central Miami just west of the Arscht Center, the Daily Business Review has learned.
A joint venture between retail giant General Growth Properties and Ashkenazy Acquisition is acquiring a 20 percent interest from the master developer for $280 million, which values the entire project at $1.4 billion.
The 3-year-old U.S. consumer protection agency said it discovered that the largest mortgage servicers have been mishandling loan modifications and harming borrowers since new rules came into effect in January.
What exactly is driving the market? Starting with the jaw-dropping $535.5M deal for the Westin Diplomat, to the 40 underutilized acres around the Galleria at Fort Lauderdale, here are the biggest deals in South Florida.
Rodolfo Ishak has been developing towers in Brazil for over 30 years. He sat down with the DBR to talk up his first Miami project.
John Warsing, sales manager of Terrazas Miami where 30 sales closed in 30 days, likes that "seasoned developers getting back in the game."
Tight credit and price increases through the middle of 2013 have limited buying activity.
North of $340 million—that's how much a private equity firm paid for the Mall at Wellington Green.
TotalBank is leasing three floors, has a ground-floor branch and will put a sign on top of the landmark tower.
The properties are part of the Pacific Shores Center office park in Redwood City, Calif., about 11 miles from Google's main office in Mountain View.
Federal regulations, enacted after the collapse of the subprime market spurred the financial crisis, are boosting mortgage costs this year.
Sales of new homes were nearly flat in September after the August numbers were revised downward.
Wyndham Worldwide Corp.’s third-quarter net income rose 10 percent as revenue improved across all business segments.
Los Angeles financier Canyon Capital Realty Advisors is making a splash in Miami, closing on the Echo Brickell project and working toward another loan on a nearby tower.
Miami's office sector reaches its highest occupancy in five years.
The developer of the proposed Skyrise entertainment tower in downtown Miami says his request for aid from Miami-Dade County has been on the table for months.
A Miami developer ventures out of its comfort zone, encouraged by rising demand in the multifamily sector.
Los Angeles rookie and Cuban defector Alex Guerrero spends $2.5 million on five-bedroom estate.
Tzadik Management takes over $81 million worth of apartments in acquisitions across Florida.
Homes sold in September at their fastest pace of the year, a sign that the housing market slowdown may be ending.
Fannie Mae and Freddie Mac will spell out when they will force lenders to buy back loans that were issued based on false or inaccurate information.
The Florida Office of Financial Regulation gave notice of intent to fine two Miami-based companies $25,000 each for processing mortgage loans without a mortgage lender license.
The institutions, privately run with public funding, have sold $1.6 billion of securities in 2014.
A Miami-Dade Circuit Court appellate panel rejects a special permit issued for the proposed store.
A towering downtown Miami tourist attraction wants to get off the ground with $9 million in funding from Miami-Dade County--after previously promising a strictly private development.
A sudden plunge in mortgage rates has millions of Americans considering refinancing their mortgages.
Housing starts for September climbed 6.3 percent to a 1.02 million annualized rate from a 957,000 pace in August, the U.S. Commerce Department reported Friday.
Miami's Airport Corporate Center sold in a nine-figure deal between a Houston REIT and a CBRE investment fund.
The U.S. mortgage-bond market is lagging behind the rally in government debt on concern that more homeowners will refinance at lower interest rates, damaging returns.
Stepping away from months of infighting, the Fashion Mall owners have filed for Chapter 7 bankruptcy liquidation.
Anilesh Ahuja, former head of residential mortgage-backed securities at Deutsche Bank, acquired a majority stake in Residential Capital Management.
Is a flurry of condo conversions the obvious next stage of the real estate boom? Some real estate experts see the potential.
Two condo associations at the downtown Vizcayne towers sue to avoid paying construction costs on a project that went through bankruptcy during the housing crash.
Developer Harvey Hernandez is predicting a 19 percent bump in central Miami rents in the midst of a new construction boom.
The real estate mogul spends $1.5 million for the former home of a historic synagogue.
Yankees outfielder Carlos Beltran scored the highest sale price in Weston this year with the $4.1 million sale of his eight-bedroom mansion.
The Third DCA says a Key West business owner can't add apartments to his strip mall units without permission.
The Related Group spent $57.25 million for 2.8 acres near downtown Miami. The site sold for $31.52 million in 2010.
A new report by housing analysis firm RealtyTrac identifies the Fort Lauderdale metropolitan area as one of the nation's top college towns for multifamily investments.
South Florida law firms say they are gearing up to capitalize on legal work thrown off by the latest construction boom.
A Golden Beach home on Ocean Boulevard sold for a record $22.5 million, but the mansion allegedly had defects and mold unknown to the California buyers.
Two industrial buildings in the Miami Airport West submarket are fully occupied after an aviation repair company signed two mammoth lease commitments.
Builders from California to Orlando are sweetening offers with pools and built-in barbecues as sales slow in some of the country's most volatile housing markets.
A California real estate investment trust paid $141.5 million for the Downtown at the Gardens shopping center.
Glenn Straub said a "life or death" medical issue hindered his ability to counter Brookfield's winning offer for Atlantic City's Revel Hotel and Casino.
Tibor Hollo's new Panorama Tower will be Miami's tallest building and the first to participate in a regional EB-5 visa program.
Donald Trump and his daughter, Ivanka, are suing against Trump Entertainment, claiming the company let the Trump Plaza casino fall into such disrepair that it violated quality standards agreed to by both sides.
Hilton is still expected to manage the 1,232-room Waldorf Astoria, which will undergo a major renovation.
Penske Automotive Group has town approval to open the new dealserhip southwest of I-75 and Griffin Road.
Miami Heat defector LeBron James, who left the Heat for Cleveland, wants out of the South Florida real estate market as well.
Faith Hope Consolo, chairman of Douglas Elliman Real Estate's retail team, offers her views of the South Florida market.
The signature of a Chinese investor Zhen Zeng Du on a key corporate document was ruled a forgery, opening the door to the judicial dissolution of a company controlling the $300 million Fashion Mall makeover in Plantation.
Rising From the Dust of the Recession, Developer Targets Middle Class Revamping Once Stalled ProjectBy Samantha Joseph |
Georgetown was meant to be a gleaming lakefront subdivision with high-end condos near the football fields, soccer pitches and an aquatic center. Plans change.
His new home is a 6,564-square-foot mansion with a home theater, marble and wood floors, mirrored dressing room, three-car garage and master bedroom with den.
Zhen Zeng Du listened through an interpreter as his Duane Morris attorneys tried to convince Broward Circuit Judge Jack Tuter that he has jurisdiction to rule on Du's motion to dissolve a Florida limited liability company.
There seem to be a lot of misconceptions about Florida's condo termination law and how it fits into condo operations.
Miami Worldcenter Associates expects to generate $22.4 million in property taxes once the 27-acre project is finished in 2019.
The golf legend plans a 5,900-square-foot restaurant at Jupiter's Harbourside Place.
As expected, commissioners approved the agreement that provides benefits to Miami Worldcenter builder of in exchange for a promise to hire locally.
Property values increased 6.7 percent from July 2013, the smallest 12-month gain since November 2012.
Steelbridge Capital acquires the 16-story Wells Fargo Tower.
Trustees launch a program to sell real estate directly out of bankruptcy court and avoid state court foreclosure delays. But will this program help or hurt borrowers?
U.S. Sugar buys dozens of parcels near Belle Glade in two large deals.
City commissioners are taking a tougher look at a deal that would give away potentially valuable air rights to the developer of the Miami Worldcenter mixed-use project north of downtown.
While tens of thousands of Puerto Ricans have left to seek better opportunities abroad, a few entrepreneurs have tried to make a go of it within San Juan.
An agreement that could conceivably grant millions of dollars in benefits to the developer of the Worldcenter is set for approval by the City Commission.
New York buyers scoop up stores at Alton Road and Fifth Street for $1,241 per square foot.
The condominium termination law is being used by real estate developers to force owners to sell their condos at prices below the purchase price or below the remaining mortgage debt.
The 192-unit Jade Signature at 16901 Collins Ave. received a $284 million loan, while the 68-unit Muse condo project at 17141 Collins Ave. got $167.6 million.
A three-judge panel rules city commissioners lack the power to preserve the St. Jude Melkite Catholic Church.
The Miami-based developer has four large apartment complexes in the works with home ownership at a 19-year low.
The share of mortgage lending to minority borrowers fell as regulators struggle to ease credit to blacks and Hispanics shut out of the housing recovery.
Hardy Park Bistro has quickly been discovered by the power lunch crowd in Fort Lauderdale, particularly government and courthouse workers.
Investors are growing concerned that the housing recovery may be derailed when the Federal Reserve increases its benchmark rate.
Miami developer Barbara Salk, whose company is building the 36-story Ion condo in the Edgewater neighborhood, talks about her project and the state of the real estate boom.
A bill that passed both houses of Congress could block regretful condo buyers from suing to recover deposits.
Miami Beach developer Michael Simkins has made another purchase on Northeast Eleventh Street in Miami, plunking down $53.7 million for a large warehouse complex and nearby parcels.
New home sales climbed 18 percent last month, meaning newly constructed homes sold at the fastest pace since May 2008.
Housing starts slumped 14 percent to an annual pace of 956,000 in August after reaching the highest level in almost seven years, Commerce Department data shows. Those figures are at odds with a report showing builder confidence rose in September to the highest level since 2005.
Miami planners are looking at mandating new multifamily buildings provide areas where pet owners can let their four-legged friends out to do their business.
Home prices rose less than economists estimated in July as investors pull back from the property market.
U.S. District Judge Kathleen Williams decided a trial in favor of Four Seasons Hotels Ltd., which was accused of breaching profit-sharing contracts for hotel-condo units at the Four Seasons Millennial Tower in Miami.
The Boston Celtics All-Star point guard buys a 39th-floor, two-bedroom unit at Miami's Paramount Bay tower.
West Palm Beach-based auto dealer Charles A. Schumacher sold his seven-bedroom, 10½-bathroom oceanfront estate for $11.73 million.
Fewer Americans bought homes in August, as investors retreated from real estate
Steven B. Lesser of Becker & Poliakoff stresses the importance of resolving differences between partners before they meet at trial.
Home loans to lower-income Americans are dwindling as Washington regulators and major banks continue to haggle over who pays when riskier mortgages go bad.
Proposed rezoning would expand the Design District Retail Street Special Area Plan by 1.9 acres to include a property north of 42nd Street.
A developer planning a six-acre mixed-use waterfront project closed on the former Panama Hattie's site.
Lennar's net income in the quarter was $177.8 million, compared with $120.7 million a year earlier.
Invesca Development Group, which is planning 950 Broward County homes, broke ground last month on Koi Residences and Marina, a $65 million project with hundreds of homes on a 10-acre site in Pompano Beach.
Steelbridge pays $15 million less than its selling price eight years ago on Cypress Financial Center.
A downtown gym popular with local lawyers and bankers has closed and is being replaced by a more glam brand.
An Israeli entrepreneur buying up downtown Miami retail scores again with a $4.5 million deal at 17 E. Falgler St.
Florida leads the nation in foreclosures long after the housing crisis, but new data show the pace has dramatically slowed in Broward and Miami-Dade counties, and the numbers even fell in Palm Beach County.
A proposed constitutional amendment on the November ballot would redirect documentary stamp tax proceeds to buying environmentally sensitive land.
Micky Arison's mother is taking a $2 million paper loss on the sale of luxury units purchased during the recession.
Commissioners warned the developer that final approval at their next meeting would depend on a more robust commitment for creating jobs in the community.