Miami-Dade County Commissioner Daniella Levine Cava is offering new rules to limit spending by community redevelopment agencies on funding for private developments.
Real Estate News
Developer Rodrigo Azpurua relied on investors from Venezuela, Colombia, Argentina, Russia and China to raise nearly $42 million for three South Florida office complexes.
Starwood owns high-end hotel chains such as W and Westin, but analysts say it would benefit from some lower-cost hotel brands to keep up with rivals.
A landlord and tenant fought for control of a property in Miami's Design District that attracted a $16 million offer from Thor Equities and ASB Real Estate Investments.
Homebuilders opened the spring buying season at a slower pace than last year, a warning that recent hiring gains have failed to boost the real estate market.
A yearlong bureaucratic and political battle over a proposed Lincoln Road development has moved to court, pitting preservationists against a prominent developer with grand plans for the future.
Gov. Rick Scott and the Florida Cabinet unanimously approved a deal Tuesday to sell state land near Hialeah for American Dream Miami, planned as the nation's largest shopping mall.
A retail parcel spanning an entire block in downtown Miami on Flagler Street, a block west of Biscayne Boulevard, just hit the market.
Realtytrac says Opa-locka is the second most profitable U.S. city for residential flipping and ranks second on flip sales volume as well.
Living in an apartment? Expect your rent to go up again.
Miami real estate executives are make political contributions to campaigns by Teresa Sarnoff and Raquel Regalado.
Miami-Dade and Broward counties are among the least affordable places to rent in the U.S.
Blackstone Group LP cemented its position as the world's biggest private-equity investor in real estate with a global buying spree that includes General Electric Co. assets and a California-based shopping-center owner.
Reno, Nevada, a town that built an economy on quickie divorces, is mapping out the second act of its American life.
Starwood Capital Group and joint venture affiliates closed a deal worth more than $178 million with Duke Realty for an office portfolio in Sunrise, Pompano Beach and Plantation.
Univision executive Alberto Ciurana sold his plush Sunny Isles Beach condo to developer Don Peebles.
A developer proposes a land swap with Fort Lauderdale to create a mixed-use project with a hotel and condominiums on the Intracoastal Waterway.
Atlantic Trust Wealth Fund Management is responding to an influx of wealth into South Florida by opening a West Palm Beach office.
Six people in Miami and Brazil have been charged by federal prosecutors with scamming banks on real estate in Miami-Dade and Palm Beach counties, including Fisher Island homes.
Analysts expect refinancing to get more difficult in real estate markets dominated by the energy industry due to falling oil prices.
Ventas Inc. rose the most in three years after agreeing to buy a U.S. hospital company and saying it plans to spin off most of its skilled-nursing and rehabilitation properties into an independent real estate investment trust.
New Residential Investment Corp., a U.S. real estate investment trust, bought Home Loan Servicing Solutions Ltd.’s assets for about $1.2 billion, an agreement that replaces a merger announced in February.
When it comes to foreclosure lawsuits, good news for the judiciary could spell havoc for property owners.
Groundbreaking is set Wednesday for Four Seasons at Parkland for buyers 55 and up.
A Miami-Dade circuit judge rules an engineering firm suing a Miami Beach condo association can't use a single lien to recover for work done under nine contracts, the association's attorney said.
A huge Hialeah warehouse has sold in one of the largest industrial deals of the year, with the mammoth building selling for almost $100 per square foot.
Prologis spent $30.26 million to acquire the large Class A industrial complex about half a mile west of Interstate 95 on Pembroke Road and Southwest 40th Avenue.
Modera Dadeland, two midrise buildings with 350 units, goes for $104.5 million. That's close to $300,000 a unit.
The Fort Lauderdale-based developer produces a succession plan that will unfold buy mid-2017.
A Dominican Republic resort long known as an exclusive Caribbean hideaway, where at least three former U.S. presidents have played golf, is one of the main settings in the corruption scandal enveloping Sen. Bob Menendez.
Terra Group president David Martin and his wife Christina buy a seven-bedroom mansion on Biscayne Bay near the historic Vizcaya estate.
The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view.
The Miami-based homebuilder was the victim of corporate sabotage that put its shares under attack.
Tudor Investment's Paul Tudor Jones II secures a six-acre estate on famed Billionaire's Row.
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.
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 .