A condo in Brickell City Centre can be bought for 20 percent down at the purchase contract, with an additional 15 percent due 120 days after signing.
Real Estate News
When a parking space in Manhattan costs $136,000 and only 15 percent of San Francisco's homes are affordable for the middle class, it's easy to worry that another housing bubble is around the corner.
With a hearing scheduled to decide how much money thousands of people are owed for Chinese drywall damage to their homes, the manufacturer has made payments required to participate, including $3.2 million to seven homeowners in Virginia.
The Internal Revenue Service audit wound up in Tax Court to resolve a nasty family dispute involving Doral-based Shoma Development Corp.
Media mogul Herbert J. Siegel picks up a seven-bedroom waterfront mansion in Palm Beach.
It's no secret that over $300 billion in CMBS loans will need to be refinanced between now and 2017.
The San Matera association hit a Kolter Homes affiliate with the $45 million lawsuit alleging widespread problems in the 676-unit community.
A reverse mortgage can provide retirees with significant benefits, the ability to convert illiquid home equity into a different type of investment, says letter writer Phil Stevenson.
Soon after Fidel Castro came to power, his government seized the refineries, hotels and sugar plantations that were the most visible signs of the American hold on the island's economy.
The Tamarina restaurant in Miami's Brickell Financial District is a designer niche with Italian leanings.
Miami's Southeast Overtown-Park West Community Redevelopment Agency is pushing a nighttime initiative with $2 million in grants to two organizations.
The Rennert Vogel law firm files a proposed class action for interest on Miami-Dade County property taxes when bills are disputed.
They're already trophy buildings, but some of South Florida's Class A office towers are getting mulitimillion-dollar upgrades as investors compete for wealthy tenants. Plus, the South Florida office market is tightening and Brickell construction sets the bar high.
Lenders have little appetite for the offic sector now that residential projects are selling at a record pace and multifamily units across the region are trading at higher prices.
A plan to create a Tri-Rail station as part of the All Aboard Florida project in downtown Miami assigns a $28 million share to the Overtown community redevelopment agency.
Arnstein & Lehr works the $136.5 million financing for the 320-unit Parque Towers, which received funding from Wells Fargo.
A Brookings Institution report out found that the number of jobs within a typical commuting range dropped 7 percent between 2000 and 2012 in major U.S. metropolitan areas.
Jeronimo Hirschfeld pays $192 per square foot for 1.8 acres and has a mixed-use complex in mind.
A longtime opponent of the Island Gardens project proposed for Miami's Watson Island claims he has found a "smoking gun" in city records that show the development is illegal
Home sales remained sluggish due to tight inventories, affordability problems and nasty winter weather.
Lennar Corp., the second-largest U.S. homebuilder, is raising its bet on rental housing as the pace of sales continues to drag.
Pennsylvania-based American Realty Capital Properties scoops up a portfolio of South Florida hotels worth over $100 million as part of the $1.93 billion deal with financial giant Goldman Sachs.
A bankruptcy auction leaves Boca Raton's Encore Housing Opportunity Fund as the winning bidder--with plans for a life-work-play redevelopment on the 33-acre site.
The personal injury law firm will move to its new office this fall.
Lennar Corp. beat Wall Street expectations with a 47 percent boost in first-quarter profit on a jump in home sales.
An Italian real estate company recently renovated Al Capone's old Palm Island haunt as part of a business plan that values historic preservation.
A New York fund that burst into Miami's Wynwood district paying previously unheard-of sums has done it again—this time shattering its own per-square-foot record set in January.
Hoping to deliver relief to Americans pounded by the financial crisis, the government has poured billions of dollars into a sort of Red Cross for homeowners.
Neighbors accuse developers Edgardo Defortuna and Manuel Grosskopf of secretly buying up neighboring condos to protect views at their proposed Ritz-Carlton Residences in Sunny Isles Beach.
The builders of Panorama Tower on Miami's Brickell Avenue have scheduled what they are calling the "largest single foundation concrete pour in Florida’s history" this weekend to create the pad for an 83-story tower.
Tre Italian Bistro, popular with downtown lawyers, has sold. Jar + Fork is the likely replacement.
The Daily Business Review announced the finalists for its annual Top Dealmakers awards. Winners will be announced at a May 8 luncheon.
Here's why brokers think they'll get $430 a square foot for a 19,000-square-foot warehouse.
Broker Reese Stigliano closed a $3.6 million land deal for a charter school in Sunrise in the nick of time—just before the city put a one-year moratorium on charter school application.
The sale of $16.7 billion in nonperforming loans by the U.S. Housing and Urban Development Department helped the owners of about 16,700 homes avoid foreclosure, the agency said.
The Miami-Dade County Commission will consider a plan to create two theaters within the grounds of the historic Coconut Grove Playhouse.
Alliance Residential Co. is planning nearly 400 apartments on a redevelopment site on the Art Institute of Fort Lauderdale campus.
The sale to Blackstone's IndCor unit priced the complex at $108 per square foot.
A House committee that crafted a newly approved water-policy plan is now looking at how a voter-approved increase in conservation dollars should be used for land management.
Millenials are going small in their hunt for housing.
Even as construction proceeds on the luxurious revamp of Surfside's famed Surf Club, a couple who were members of the landmark is suing the project's developer.
Feeling crazy rich? Then Ricky Martin's former Miami Beach estate could be yours for a cool $21 million.
Developers are pumping money into a four-mile stretch of beach in Hollywood and Hallandale Beach, creating luxury condos with million-dollar price tags.
The North Miami Beach project secures the loan to complete construction of the 468-unit condo complex on the Intracoastal Waterway.
The Panorama Tower under construction on Brickell Avenue has received the largest construction loan ever recorded in Miami-Dade County.
Deutsche Bank's failure to send a notice of default to the home named in a foreclosure filing kills the case, the Fourth District Court of Appeal rules.
Miami Dolphins NFL Hall of Famer Dan Marino is getting a new home in Fort Lauderdale's most expensive condo development, Auberge Beach Residences & Spa.
The Florida Bar's trial against Jeremy Alters alleging he is responsible for $1.1 million in trust account shortages began Tuesday and could last three weeks.
Crowdfunding for real estate is likely to jump to $2.57 billion worldwide this year, two and a half times the total in 2014, as more people become comfortable with the investing model, research company Massolution said.
The families behind Jordache jeans and the Von Furstenberg fashion line spend $750,000 per room on the Collins Avenue property.
As Florida's housing market tanked seven years ago, construction worker David Rager saw jobs dry up. So he left construction, along with 2.3 million others nationwide during the economic downturn, and got a job installing traffic signals and street lights.
Just weeks after the Federal Aviation Administration pushed back against plans for high-flying Miami skyscrapers, developers are joining efforts to save their tall proposals.
Construction defect and claim notices would change under bills being considered in the legislative session starting Tuesday.
Emilio and Gloria Estefan's secondary Star Island house is up for sale, listed for a price that would set a record for the glitzy Miami Beach enclave.
The gourmet grocer signs a lease at the Tower Shops southeast of I-595 and University Drive.
A private buyer bought the 5,000-square-foot unit on the entire 24th floor of the Regalia tower.
The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after
Il Mulino New York in Sunny Isles Beach serves up a luxurious power lunch scene for real estate brokers trying to close multimillion-dollar deals.
Homeowners lose a temporary injunction against the Aventura developers behind a disputed luxury condo project.
Dick's Sporting Goods CEO Edward Stack pays $12 million for a 9,000-square-foot home built on a private beachfront acre.
Home loans from $1 million to $5 million were the fastest growing part of the jumbo market in January, according to purchase application data from the Mortgage Bankers Association. Wealthy borrowers are seeking even bigger loans this year while luxury housing prices rise and lenders lure them with competitive terms.
U.S. home price increases leveled off in December, reflecting a weak sales environment and a small number of homes for sale.
When it is completed in 2017, Panorama Tower will be Miami's, and Florida's tallest tower.
A Maryland-based hotel REIT is buying the 393-room James Royal Palm for $707,379 per key .
Indy 500 and "Dancing with the Stars" champ Helio Castroneves buys a waterfront condo.
Miami is experiencing another building boom. Cranes dominate the skyline almost as much as buildings do. So before all these new buildings are completed, here is a list of the five tallest buildings in Miami.
On Instagram he goes by @open.world and for some reason, he likes to scale buildings in downtown Miami and then post about it.
Companion bills would change notice requirements to give contractors more opportunities to address alleged construction defects and avoid litigation, writes attorney K. Stefan Chin.
Dezer is Giving Armani a Chunk of Money to Design Elements for the Common Areas of Latest Condo (Slideshow)By Samantha Joseph |
It's worth eight figures for Giorgio Armani to select the design elements for the common areas at a condo tower to be built by the Related Group and Dezer Development.
A group of Russian investors is taking an uncharacteristic dive into Miami's residential real estate market by betting more modest housing is a better investment opportunity than building yet another amenity-laden waterfront tower.
Money for the Brickell-area complex represents the biggest loan to a Miami residential project this year.
U.S. home rental prices rose at a steady rate in January, but prices barely budged or even dipped in parts of the Midwest and Mid-Atlantic.
The buyers who plunked $140 million for a waterfront Brickell office building are linked to a large Brazilian contractor, public records show.
Federal regulators adjusted mortgage rules to reduce risks for lenders and cut premiums and down payments, opening the door for more first-time homebuyers.
Celebrity developer Donald Trump testifies at a trial in a dispute with a tenant at the Trump National Doral Miami resort.
A Miami city agency is routing $500,000 in money borrowed for Overtown low-income housing to two nonprofits.
Miami has a Little Havana and Little Haiti, a neighborhood known as Westonzuela and even the Venetian Islands. What it doesn't have is a Chinatown.
Vacancy rates are dropping, lease rates are rising, and new projects are underway.
Carlos Ferreira de Melo bought a double unit in Miami Beach's Blue Diamond tower for $3.79 million, the most spent in that building during the current real estate cycle.
The Class A office tower at 777 Brickell Ave. has traded for $140 million, or $485 per square foot.
Real estate developers are working against zoning laws and deed restrictions to shut down unprofitable golf courses and develop the land for new homes.
U.S. Bankruptcy Judge John Olson rejected a plan to convert Fashion Mall's owner from a Chapter 7 bankruptcy to a Chapter 11 reorganization.
Shai Zamanian and Preeya Malik are trying to persuade people in Dubai to invest in Miami through the federal cash-for-visas EB-5 program.
The "I'm a Freak" singer paid $3 million for the half-acre lot in 2000 and built an estate three years later. He sold the property for $7.85 million in 2004 to Marc Puleo, founder of PetMed Express.
Economic adviser Tony Villamil said economic volatility in Latin America is stemming the flow of investors who paid cash for 90 percent of their U.S. deals.
Coconut Grove, one of Miami's oldest neighborhoods, is a new development hot spot. One of the latest buyers is race car driver Emerson Fittipaldi.
The Publix-anchored Polo Club Shoppes is traded by a New York real estate investment firm to a partnership linked to Atlanta's Jamestown.
Mark Zuckerberg bought a piece of property after the owner threatened to build a house that would look into Zuckerberg's master bedroom.
The Daily Business Review announces its first Professional Excellence Awards winners.
Think small and temporary. That's how a Miami Beach hotel is attracting European retailers to rent everything from wall space to turnkey popup stores.
Octavio Rinaldi of Miami-based CWV Realty Group said a Brickell assemblage purchased for $16.25 million is "the tip of the iceberg."
Critics and boosters of a stalled mixed-use project on Miami's Watson Island found little common ground during a panel discussion.
...A penthouse with four bedrooms, 6½ baths and a price tag of $880 for each of its 5,000 square feet.
Job growth, a renewed real estate boom and airport infrastructure, highway refurbishments and seaport expansion, all bode well for South Florida in 2015.
After outpacing the S&P 500 Index for the duration of the bull market, real estate investment trusts may be getting ahead of themselves.
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.