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.
Real Estate News
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.
The owner of the Galleria at Fort Lauderdale mall wants to turn 40 acres around the mall into a development with more than 1,600 luxury condominiums and apartments.
ISG and Related Group aggressively grow their South Florida real estate brokerage. The latest move is a Fort Lauderdale office opening.
PAR, which stands for the Florida Department of Economic Opportunity's adaptation planning strategies and stands for "protect, accommodation and retreat," attempts to address the negative impacts of sea-level rise.
President Cristina Fernandez says the 1,165-foot tower is expected to cost around $300 million and will serve as a center for the entertainment industry, including television and movies studios.
With $20 million for renovation and expansion, the ME Miami hotel will open in the spring at 1100 Biscayne Blvd.
A state appeals court decision is a new "arrow in the quiver" for brokers looking to secure commissions on real estate deals and is likely to "give heartburn" to sellers and title agents looking to close disputed deals quickly.
Building at the 16-acre World Trade Center site is set to be substantially completed in the next year, following delays, litigation, disputes and power plays.
As foreign capital floods into the South Florida market through the EB-5 visa program, South Florida's retail market shines, while hospitality real estate from iconic luxury properties to rundown mom-and-pop operations is attracting investor interest.
Developers whose rezoning application was shot down are demanding the Martin County Commission pay them $3.4 million in lost property value.
The oceanfront Le Palais Royal is one of the most expensive residential listings in the country. The pool alone is larger than most homes at 4,500 square feet, not to mention the underground garage, built for more than 30 cars.
The Miami zoning board unanimously approved zoning changes that will let the sprawling Miami Worldcenter project move forward based on the developer's plans.
The Fourth District Court of Appeal rules for homeowners on when bad faith claims are ready but cautioned the new interpretation may be ready for review by the Legislature.
A socialite who lost her Manhanttan condo catfight with Joan Rivers also loses in a beef over her Fisher Island mansion loan.
Fort Lauderdale mayor Jack Seiler is bringing in professional help to cut costs and look for missed revenue from its 700-parcel real estate portfolio.
Homeowners facing foreclosure use claims of a botched auction to block a sale by their lender. 'The same objection could potentially be made in hundreds or perhaps thousands of foreclosures,' attorney Joseph R. Gosz said.
Luol Deng paid $4.6 million for a renovated five-bedroom, four-bath mansion North Bayshore Drive, just minutes from the American Airlines Arena.
Home prices, which have risen 29 percent since bottoming in 2012, increased 8.1 percent from June 2013, the smallest 12-month gain since January 2013.
Paramount Group, a New York-based real estate investment trust, plans a $2.5 billion initial public offering.
Thayer Lodging Group paid $460 million for the 1,000-room, beachfront hotel, $20 million for a neighboring 18-hole golf course and $55.5 million for several adjacent parcels.
A cross-section of Miami's civic, business and political leadership is considering burying the intersection of I-395 and Biscayne Boulevard.
Verde at the Perez Art Museum hasn't been open a year yet it has almost tripled the expectations of its manager as it attracts the power lunch crowd.
A Palm Beach County condominium association's third insurance claim for Hurricane Wilma damage is rejected in favor of the Florida Insurance Guaranty Association.
Rents in the Washington, D.C., region declined 0.1 percent in the second quarter, compared with national average gains of 3.3 percent.
Fewer cash sales in Palm Beach and Miami-Dade counties isn't necessarily bad news--it may mean a better market for mortgages.
A Cuban-American music superstar couple has sold their Miami house, bidding goodbye to the ritzy neighborhood they've lived in for over 20 years.
John Halula, William G. McCullough and Ilana Strickon of Holland & Knight helped arrange a $290 million construction loan for the Surf Club Four Seasons Private Residences and Hotel.
Yearly price growth weakened in all 20 cities surveyed,with Miami and Tampa still at least 33 percent below their housing bubble peaks.
A company linked to Dallas-based Lincoln Property Co. pays $125 per square foot for two mid-rise towers at Pine Island and Peters roads.
The 18-story tower developed by the Related Cos. and Crocker Partners is sold by a California rea estate investment trust.
Interest from Latin American investors—in particular Argentine entrepreneurs used to such investments back home—is bringing the South Florida market in office condos back from the dead.
Fewer Americans bought new homes, proof that the housing sector is struggling to gain traction.
Chicago Bears wide receiver Brandon Marshall's Southwest Ranches home features a chef's kitchen, built-in Smarthome technology and a free-form heated pool with spa and summer kitchen.
Vicinitas Cancer Care leased 45,000 square feet of office space at 1200 N. Federal Highway for its new headquarters.
Sales of existing homes rose to their highest level in nearly a year.
A rarely used bankruptcy section helps 30 partners avoid foreclosure on a Aventura office complex.
With all the luxury condos being built, land prices are soaring making it difficult for the average person to afford a condo. Affordable housing developers must find creative ways to get their projects done.
In one of the largest South Florida real estate deals in recent memory, the properties on Miami Beach's Lincoln Road high street retail district have traded hands.
Miami Beach's Loews hotel has received a $175 million mortgage, one of the biggest refinacings in Miami-Dade County this year.
Blackstone pays $100,000 a room for the hotel west of I-95 between Clint Moore Road and Linton Boulevard.
Members of the Florida Cabinet were poised to approve the sale of a 6.4-acre vacant parcel in Broward County that is owned by the Department of Management Services.
On July 29, Irish property developer Michael O'Flynn realized that Blackstone Group LP was trying to gain control of his real estate empire, which includes the country's tallest residential tower. Ten weeks earlier, the private equity firm had bought $2.4 billion of loans to O'Flynn's companies and the developer personally.
Housing starts surged in July, underscoring the recent pickup in builder optimism as the residential real-estate market gains some traction.
Private equity bets on the South Florida housing market are filling a need for hundreds of millions of dollars in construction financing that's otherwise not being provided by banks.
The Third District Court of Appeal considers an appeal that could nullify a Miami-Dade referendum on proposed expansion of the Crandon Park tennis stadium.
Builder confidence increased by double digits in the Midwest but declined in the South.
Berger Singerman attorney Barry Lapides leads a $24 million condo hotel deal in Fort Lauderdale.
Miami-Dade's chief judge says it's time to retire the historic Dade County Courthouse as the building fights basement flooding and other structural problems.
New York's real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods.
The seller inks a sweet deal on a Sweetwater student housing complex, or $80,260 per bedroom.
One Boca Place west of I-95 changes hands for $124 per square foot.
The Federal National Mortgage Association lost in the Third District Court of Appeal against Miami Beach's Alden Hotel Condominium Association in a dispute over more than $100,000 in delinquent dues on a foreclosed unit.
Senator Investment Group LP, the hedge-fund firm backed by Blackstone Group LP, disclosed a 6.3 percent holding in mortgage insurer Radian Group Inc.
New York's Blackstone Group, one of the largest private equity firms in the planet, has committed more than three-quarters of a billion dollars to two South Florida projects.
Economist Dean Maki says bank have become much tighter on credit, making it harder for first-time buyers with limited credit histories.
A federal case in Miami pits a county pit bull ban against housing anti-discrimination laws.
Coldwell Banker Residential Real Estate has inked a long-term lease for approximately 14,000 square feet of space at 4000 Ponce de Leon Blvd. in Coral Gables.
ADD Inc., a 210-person architecture and planning firm based in Boston and Miami, has agreed to merge with Edmonton, Alberta-based Stantec Inc.
Easton Group's Jose Antonio Hernandez-Solaun and Paul Douglas said they have to get creative to find land for new projects, such as filling a lake in Pembroke Park.
Phillips Point, a Class A office property on South Flagler Drive, closed $46.5 million in recent leases.
An inventory crunch for entry-level houses has only worsened during the past year as discounted foreclosures become scarce and cash-paying investors snap up affordable listings to convert to rentals.
A repositioning in the way each location approaches its real estate is a big part of rebranding the former Miami Subs chain.
The family of Miles Austin Forman divested more than 35 acres to a company linked to Charles Gusmano, CEO of Southern Waste Systems LLC.
Zillow, the real estate website that's acquiring smaller rival Trulia for $3.5 billion, reported second-quarter sales that topped analysts' estimates as traffic increased and more agents used its home-listing service.
The U.S. mortgage-bond industry is taking steps toward creating standards meant to help kick-start sales as the government seeks to wean the housing market from its support.
One of the earliest and most spectacular failures of the last real estate boom cycle appears to have come full circle following the purchase of a Kendall retail complex foreclosed in 2007.
The newest frontier for real estate developers? Churches.
NorthStar Realty Finance agreed to buy Griffin-American Healthcare REIT II for about $3.4 billion, expanding its holdings of medical-office buildings and senior housing.
As banks lose money on mortgages and retreat from the business, PHH Corp. is rushing to cash in.
Lawyers for people who say their homes were wrecked by defective drywall made in China have filed a new lawsuit against the manufacturers and a new defendant—the Chinese Cabinet agency that oversees the country's biggest state-owned companies.
With a backlog of applications for federal mortgage aid, some borrowers are at increasing risk of losing their homes to foreclosure, according to an auditor's report.
Bank of America has been ordered to pay $1.27 billion in penalties in connection with a wide-ranging mortgage fraud perpetrated by its Countrywide financial unit.
New York Mayor Bill de Blasio announced $350 million in loans for affordable housing provided by banks led by Citigroup Inc. as he forges closer ties to Wall Street, once one of his loudest critics.
Hialeah is attracting major developers for master-planned residential projects near I-75 and the Palmetto Expressway.
A landlord and broker working together to transform Miami's Wynwood neighborhood are locked in a legal fight.
Zillow's purchase of Trulia makes the online company such a force in U.S. real estate that its market value now surpasses that of Realogy Corp., owner of renowned brokerage brands from Coldwell Banker to Century 21.
Lenders aren't keeping pace with a mounting backlog of applications for federal mortgage aid, placing some borrowers at increasing risk of losing their homes to foreclosure, according to an auditor's report.
New post-recession tenants are feeding new projects and higher reale state prices across the region.
Jim Knight brokers the $20 million sale of historic Sundy House in a major downtown Delray Beach commercial real estate deal that leaves room for expansion.
Banks are handing out mortgages of as much as $10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans.
A Boston buyer pays $28.5 million—a 90 percent premium—for a Tamarac shopping center.
A Connecticut hedge fund manager keeps up a South Florida purchasing spree with a $32.25 million retail center acquisition in Davie.
In a $66.4 million deal, a Boston-based investor scooped up two Fort Lauderdale office towers housing law firms and financial service providers.