Real Estate News

Giancarlo Stanton, outfielder for the Miami Marlins.

Marlins' Stanton Grabs Three-Story Penthouse

By Carla Vianna |

Miami Marlins home-run hitter Giancarlo Stanton pockets a tony penthouse unit at the Aria on the Bay in Miami.

Easton Buys New Medley Warehouse for $22 Million

By Carla Vianna |

The Easton Group buys a newly built spec-warehouse for $120 per square foot.

Avison Young's Michael Fay, John Crotty, and Jonathan Satter.

Avison Young Builds Tenant Base Before $18.6M Office Sale

By Carla Vianna |

Avison Young helps revive, market and sell a previously troubled office complex in Palm Beach Gardens.

Bridges at Kendall Place, an apartment community sold today in southwest Miami. The 228-unit complex was picked up by Stockbridge Capital Group LLC for $52.7 million.

Record-Setting Pace Marks South Florida Multifamily Market

By JENNIFER LECLAIRE, GlobeSt.com |

Some say we’re overbuilt and slowing down, but these numbers are telling a different story.

Porsche Design Tower.

Brazilian Probe Extends to Porsche, Dezer Development

By Carla Vianna |

Porsche and Dezer Development have been drawn into a Brazilian investigation targeting an alleged money laundering scheme led by a contractor building the first Porsche brand condo project in South America.

Miguel Alcivar, Jonathan Kingsley, and Michael Silver.

Brokers From 3 Companies Combine on Industrial Deal

By Carla Vianna |

The brokers complete the $7.5 million sale of a Miami warehouse on behalf of multiple owners.

Airbnb Looks to Latin America, Now Its Fastest-Growing Market

By Olivia Zaleski |

As Airbnb Inc. turns its attention to Latin America, the often-combative company is taking an unusual approach. It's giving local governments what they want.

Nancy Corey, branch manager of Coldwell Banker Residential Real Estate in Miami Beach.

March Was Great Month for South Florida Home Sales

By Carla Vianna |

Brokers say a pattern of price decreases spurred an uptick of housing sales.

Christie’s: Global Sales of Luxury Homes Cooled in 2016

By Alex Veiga |

Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than $100 million.

President Donald Trump.

For Sale: 5 Acres of Paradise. And Presidential Goodwill?

By Julie Bykowicz |

For sale: Luxury waterfront escape. Comes with two villas and five acres of paradise. And perhaps a bit of goodwill from the president of the United States?

(l-r) Howard Taft, Charles Penan, and Jason Katz.

Aztec Group Team Lands $20 Million for North Miami Beach Deal

By Carla Vianna |

The finance team helps secure a pre-development loan for Uptown Biscayne, a mixed-use project set to change North Miami Beach's real estate landscape.

EB-5 Visa Program Gets Brief Extension in Federal Budget

By Carla Vianna |

The EB-5 investor visa program has received another last-minute extension to Sept. 30.

RIVA condos at 1180 North Federal Highway, Fort Lauderdale.

$65 Million Loan Issued for Lauderdale Condo

By Carla Vianna |

Fort Lauderdale's Riva condominium tower lands the loan with about 55 of the 100 units pre-sold.

Dadeland Station, 8312 S. Dixie Highway, Miami.

90-Year Lease? Still a Renter, Says Miami Developer Fighting Property Tax Bill

By Samantha Joseph |

Miami developer Dadeland Station Associates Ltd. successfully argued it was still a renter, and therefore not liable for property taxes, on a site where it holds a 90-year lease.

Novela Simultaneously Closes Two Company Purchases

By Carla Vianna |

Daniel Novela helps longtime client, the Weston-based Legacy Cos., close both acquisitions for $20 million.

Thomas Angelo

Lauderdale Beach Acre Sells for $32 Million

By Carla Vianna |

Attorney Thomas Angelo orchestrates a quick 1031 exchange deal for two investors adding to their holdings north of Las Olas Boulevard.

A rendering of The Metropolitan in Delray Beach.

Delray Condo Offers White House Correspondents' Dinner as Enticement

By Carla Vianna |

Whoever buys a condo at The Metropolian will get a free ticket to the annual D.C. event.

1221 Brickell Avenue, Miami

Brickell Office, Pines Apartments Sold to Rockpoint

By Carla Vianna |

Boston's Rockpoint Group buys two South Florida commercial real estate assets — the 1221 Brickell office tower in Miami and a 356-unit apartment community in Pembroke Pines.

The Montage at City Center apartment complex in Pembroke Pines traded for $158.5 million.

Pembroke Pines Apartment Complex Sells for $159 Million

By Carla Vianna |

Interest in the suburban city is heating up among investors as the 700-unit Montage at City Center sells.

240 S.E. 14th St., Miami

Property Owner Fights City of Miami in Quest to Demolish Its Own Building

By Samantha Joseph |

When Miami ordered Babylon International Inc. to repair a run-down building or face its demolition, the property owner took it up on the offer.

Meridian Capital Arranges Financing for Fort Myers Hotel

By Carla Vianna |

The financing company arranges a $9.5 million bridge loan for an underperforming hotel on the road to Sanibel and Captiva islands.

Plaintiff attorney Robert A. Stok, of Stok Folk & Kon

Miami Investors Must Pay $8M Judgment Despite Heavy Losses

By Samantha Joseph |

Investors who lost millions on a luxury project right before the housing market collapsed couldn't convince the courts to rule in their favor against the man who brought them into the deal.

Miguel Pilgram, CEO of the Pilgram Group in Fort Lauderdale.

Lottery Winner Plunges Millions Into Real Estate

By Carla Vianna |

When developers make their first big profit, it may feel like winning the lottery. For Miguel Pilgram, it happened the other way around.

Two Quick Loans for North Miami Apartments

By Carla Vianna |

Walker & Dunlop arranges $94.7 million in financing for the acquisition and repositioning of a North Miami complex.

Xavier Franco of McArdle, Perez & Franco; Andres Fernandez of Berens, Fernandez & Associates; nightclub entrepreneur Andy Kostas; developer Ronald Bloomberg; Andrew Hall of Hall, Lamb, Hall & Leto; and George McArdle  of McArdle, Perez & Franco stand at the Wynwood property located at 55 NE 24th St.

Both Sides Claim Victory in Wynwood Real Estate Dispute

By Samantha Joseph |

After years of litigation, a patient Miami developer acquired a prime parcel in Wynwood for about $400,000 below the purchase price in his lease.

A rendering of Paramount Miami Worldcenter’s skydeck, a luxury high-rise under construction in downtown Miami.

Condo Market Slack, But Money to Build Keeps Flowing

By Carla Vianna |

Four major loans flow for South Florida condo towers, and insiders say there's a fifth one coming.

Investors, Lenders More Optimistic About Real Estate

By Carla Vianna |

Results are in: Confidence is high in the commercial real estate sector, according to Akerman's eighth annual U.S. Real Estate Sector Report.

The Pompano Plaza sits at 1405 South Federal Highway in Pompano Beach.

Pompano Retail Plaza Sells for $30 Million

By Carla Vianna |

The Publix-anchored Pompano Plaza sells for $233 per square foot.

(l-r) Ken Krasnow, Larry Stockton and Luis Lira

Colliers Team Brings Colombian Hotelier to MIA

By Carla Vianna |

The major shareholder in Avianca airline is expected to bring his hotel brand to Miami after a deal inked by Colliers International South Florida.

1599 NW 91 Ave., Coral Springs, Florida

Coral Springs Complex Goes for $68 Million

By Carla Vianna |

Broward County's apartment sector remains a rosy investment judging by the latest deal. A Coral Springs apartment community changes hands for $68.2 million.

Reaching New Heights: Miami's Panorama Tower Tops Off

By Carla Vianna |

Miami's skyline just got taller.

EB-5 Set to Expire, but South Florida Developers Count on Short Extension

By Carla Vianna |

The visa program is up for renewal April 28, and potential changes may impact developers currently seeking funds.

Vivian C. de las Cuevas-Diaz of Holland & Knight.

H&K Partner Handles Property Swap for Coral Gables

By Carla Vianna |

Holland & Knight partner Vivian de las Cuevas-Diaz helps Coral Gables swap its old public safety building for a new site available for occupancy in three years.

Bal Harbour Penthouse Sells for $25 Million

By Carla Vianna |

An executive with one of the nation's largest alcoholic beverage distributors drops $25 million on a two-floor penthouse at Oceana Bal Harbour.

A rendering of the the rendering of the Seneca Commerce Center.

Rising Rents and Surprising Tenants in Miami Industrial Real Estate

In the Daily Business Review’s industrial real estate special section, articles focus on a odd-couple combination of industrial and retail, and rising industrial rents.

The $1 billion mixed-use Brickell City Centre project.

Miami On the Leading Edge of New Movements in Retail Real Estate

In the Daily Business Review’s special section, articles focus on the latest developments in retail real estate.

Mar-a-Lago.

US-China Summit at Trump’s Resort Polishes Mar-a-Lago Brand

By Julie Bykowicz and Terry Spencer |

Even before this week's summit, Trump and his aides had begun referring to Mar-a-Lago as the "Winter White House," a marketing coup for a man who has made millions selling his personal brand.

A rendering of Ugo Colombo's Brickell Flatiron in Miami's Brickell district.

End of an Era? $236 Million Loan for Miami Condo

By Carla Vianna |

Ugo Colombo's Brickell Flatiron secures a $236 million construction loan. But the market is weak with Miami-Dade condos for sale beating the pre-recession peak.

Left to right: Brian Gale, Andrew Trench, Jeannette Mendoza and Ryan Holtzman

Two New Market Entries Take $16M in Gables Leases

By Carla Vianna |

Cushman & Wakefield's office leasing team inks major deals in Coral Gables' 355 Alhambra office tower.

State Senator Daphne Campbell, D-Miami.

Commercial Rent Cut Advances, Again, in Senate

By Jim Turner |

A second bill aimed at lowering a tax paid by commercial property owners advanced in the Senate as the Senate and House continue on different paths to building a tax cut package.

The development team behind the Park Grove towers in Coconut Grove built and delivered Coconut Grove Bank's new headquarters.

Grove Bank Gets New HQ on Old Property

By Carla Vianna |

Coconut Grove Bank's new headquarters has been delivered under a unique deal adding three condo towers to its 5-acre parcel with one land sale and one purchase to make it happen.

The Porsche Design Tower's penthouse car gallery can hold up to 11 cars.

Porsche Design Penthouse Sells for $25 Million

By Carla Vianna |

Sorry car lovers: The penthouse unit and its 11-car sky gallery is officially off the market.

South Florida Man Sentenced in Real Estate ID Theft Fraud

By Samantha Joseph |

Kesner Joaseus did brisk real estate rental business across South Florida, except federal prosecutors say the properties weren't his to rent.

Eighty Seven Park in Miami Beach's North Beach

Tennis Star Novak Djokovic Grabs Miami Beach Condo Contract

By Carla Vianna |

"Nole" signs a contract for a unit at Eighty Seven Park, a glass condo tower planned in Miami Beach's North Beach neighborhood.

313½ Worth Ave., Palm Beach.

Worth Avenue Buildings Sell for $19.5 Million

By Staff report |

The Via Bica retail and office complex in Palm Beach closes at $1,004 per square foot.

Barbara J. Jordan, Miami-Dade County Commissioner.

Builders: New Miami-Dade Workforce Housing Program Needs Work

By Catherine Wilson |

Developers aren't convinced to join a program aimed at building more for people on the lowest rung of private housing.

Alex D. Zylberglait

Real Estate Bills Focus on Taxes, Fees, Sprinklers and Those Pesky Condo Boards

By Carla Vianna |

Here are a few of the real estate community's legislative priorities for the 2017 session.

Charles Foschini and Christopher Apone

Berkadia Handles Bridge Loan for West Palm Beach Medical Office Makeover

By Carla Vianna |

Berkadia's Charles Foschini and Christopher Apone secures a $22.5 million loan to help reposition a former Bank of America building.

Porsche Design Tower.

Porsche Design Tower Is Car Lover's Dream Condo

By Carla Vianna |

The 60-floor oceanfront condo opens with a unique elevator carrying cars to the doors of well-endowed owners.

Judge Dorian K. Damoorgian.

Fourth DCA Ruling Clarifies Statutes for Foreclosing on Municipal Liens

By Samantha Joseph |

New case law clarifies the statute of limitations for foreclosure of municipal liens on real estate.