Real Estate News

Francis Suarez

Commissioners Push for Study of Permit Process

By Carla Vianna |

Miami City Commissioners backed a resolution aiming to speed up the city's sluggish building-permit review process.

Could Brexit Be Boon or Bust for South Florida Real Estate Market?

By Carla Vianna |

When it's Miami versus London, the South Florida city is now the safer option for deep-pocketed real estate investors. While the Brexit may deter Europeans from purchasing Miami real estate, international investors may fill that gap.

Rendering of the Mana Wynwood Special Area Plan proposed by Moishe Mana.

Commissioners Give Initial OK to Massive Wynwood Project

By Carla Vianna |

Moishe Mana's 20-plus acre plan for Miami's Wynwood neighborhood gained preliminary approval Thursday night.

Rendering of Atlantic Crossing, looking northeast from Atlantic Ave. and Federal Highway.  HANDOUT.

Developer Buys Land for $38.5M While Suing City

By Carla Vianna |

The Edwards Cos. buys land needed for its nine-acre Atlantic Crossing development, but the Ohio-based builder is still caught up in litigation with Delray Beach on project approval.

Google photo of the Arbor Oaks Apartments at 9817 Arbor Oaks Lane, Boca Raton.

Boca Raton Apartments Sell for $77 Million

By Carla Vianna |

The 360-unit Arbor Oaks complex sells for $214,000 per unit to a Los Angeles-based real estate holding company.

Entrance to mansion at 3551 Main Hwy., next to Ransom Everglades school.

Ransom Everglades Buys Neighbor for $34.6 Million

By Carla Vianna |

Ransom Everglades School pockets the neighboring La Brisa estate for $34.6 million, the priciest home sale ever recorded in Miami's Coconut Grove.

Lennar Ramps Up Construction, Prices in Second Quarter

By Associated Press |

Lennar delivered more homes and at higher prices during its second quarter, exceeding expectations that Wall Street had for the nation's second-largest homebuilder.

City of Miami Commissioner Francis Suarez, during commission meeting about the approval of the Worldcenter in Downtown Miami.

Miami Commissioner Wants to Speed Up Building Permit Review

By Carla Vianna |

City Commissioner Francis Suarez offers a resolution to study the lag in the building permit review, which developers say is is curbing small-scale development.

Sabbia Beach project, a 19-story luxury condo in Pompano Beach, Florida.

$45M Construction Loan for Pompano Beach Condo

By Carla Vianna |

The 19-story Sabbia Beach has secured a $45 million construction loan from Ocean Bank.

Michael Bennett of Bennett & Aiello in Miami.

Appeals Court Calls for Rule Change in Real Estate Contract Case

By Samantha Joseph |

The Third District Court of Appeal called for a rule change on certiorari jurisdiction after a case involving a contract dispute in a real estate deal.

La Epoca in Downtown Miami.

Downtown Miami Landmark La Epoca Building Up for Sale

By Carla Vianna |

Colliers International South Florida has been tapped to market the historic Flagler Street building, which was the first Walgreens store ever built in Florida.

 Miami- Southeast Financial Center, center, located at 200 S. Biscayne Blvd, Downtown Miami.

Miami's Landmark Southeast Financial Center on Market

By Carla Vianna |

The 55-story tower and 15-story garage being offered by JPMorgan Chase is expected to trade for north of $645 million.

6/13/16--  Sports Authority, closing, at 18499 Biscayne Blvd, Aventura, FL.

20 Sports Authority Stores Up for Grabs in South Florida

By Carla Vianna |

When the retail chain closes its doors, hundreds of stores in the U.S. may go dark — and stay dark. But brokers say prospects for new tenants in South Florida are good because of the high-profile locations.

Alister Boca Raton, 10235 Boca Entrada Blvd..

Boca Raton Apartments Sell for $71 Million

By Carla Vianna |

Boca Raton's Emerald Bay Club Apartments — now rebranded as the Alister Boca Raton — goes for $158,000 per unit.

Juan Ramirez Jr.

Sanctioned Lawyer says Former Judge Abused Prior Post

By Samantha Joseph |

A former chief judge is accused of abusing his prior position to secure inappropriate sanctions against opposing counsel.

Expert: Use Of Urban Space Will Be Re-Imagined, Footprints Will Shrink

CEO and founder of Metro 1 tells GlobeSt.com that we can expect to see many more adaptive reuse projects of defunct or functionally obsolescent retail projects being redeveloped and adapted to uses that serve current demand.

Brickell City Centre rendering

South Florida Home Sales Shrink in First Quarter

By Carla Vianna |

Residential closings dipped 25 percent in Miami-Dade and 5 percent in Broward in the first quarter.

 Antonio 'Tony' Martinez Jr.

Five Decades Later, Real Estate Attorney Assesses Miami and the Law

By Carla Vianna |

Antonio "Tony" Martinez retires from Shutts & Bowen after 52 years. He speaks about the changes he's witnessed since his first day at the firm.

Appeals Court Gets Exasperated About Foreclosure Standing

By Samantha Joseph |

The Fourth District Court of Appeal is tired of talking about standing in foreclosure cases after doing it more than 80 times since the housing crash.

Miami Dade College Center Bidding Triggers Outside Probe

By Carla Vianna |

A Miami attorney and Related Group executive were targeted in a private investigation involving a high-profile real estate development, which prompted an outside investigation by the college.

New Real Estate Law Firm Opens in Miami

By Staff writer |

Two former Greenberg Traurig real estate attorneys have opened Casareale & Partners.

Daren Blomquist

10% of South Florida Home Sales Are Quick Turnovers

By Carla Vianna |

Home flippers remain active in South Florida and show no sign of cooling off, RealtyTrac reports.

Miami's Viceroy Hotel Sells for $65 Million, Switches to W

By Carla Vianna |

The Viceroy in the Icon Brickell complex sells for $436,000 per room.

Orange Theory Fitness.

Orangetheory Spends $14M on New Boca Raton Headquarters, Gym

By Samantha Joseph |

Gym operator Orangetheory Fitness spends $193 per square foot at the Arvida Park of Commerce.

Brickell City Centre under construction

Brickell City Centre Company Picks Up Nearby Chunk

By Carla Vianna |

Swire Properties pockets a 7,500-square-foot site near its transformative Brickell City Centre project, hinting at the Hong Kong-based developer's future expansion.

Rodney Barreto

Ex-Bank Director Sued for Defaults on $16M in Mortgages

By Samantha Joseph |

Rodney Barreto, head of the South Florida Super Bowl Host Committee, is at the center of a new foreclosure suit by the Doral-based U.S. Century Bank.

Retired NHL Player Bryan Allen Lists Parkland Home

By Carla Vianna |

The former defenseman wants to sell his seven-bedroom mansion in a gated Heron Bay neighborhood.

Davie Apartments Sell for $38.5 Million

By Carla Vianna |

Miami developer CFH Group sells the 318-unit Sunset Palms complex for $121,000 per unit.

Atlanta, Chicago Foreclosure Law Firms Merge

By Meredith Hobbs |

McCalla Raymer, with offices in Fort Lauderdale and Orlando, is merging with Chicago-bsed Pierce & Associates.

Suniland Shopping Center, at 11325 S. Dixie Hwy

Suniland Center Sells for $66.5 Million

By Carla Vianna |

The Suniland Shopping Center in Pinecrest trades for $811 per square foot.

Developer Plans Small Apartments, Big Tech

By Carla Vianna |

Don't know who your neighbor is? There's an app for that. Property Markets Group secures an $80 million construction loan that'll fuel a technology-driven apartment tower in downtown Miami.

Thomas Ice

Banks Come Up Empty in Probe of Ocwen's Mortgage Servicing

By Samantha Joseph |

Ocwen says it's been vindicated by a third-party investigation into allegations from institutional investors led by Wells Fargo.

Linda Worton Jackson

Attorney Represents Flight Training Firm on $13M in Financing

By Samantha Joseph |

Salazar Jackson co-founder Linda Worton Jackson pilots two financing deals for Fort Lauderdale-based aviation training company Avenger Flight Group.

Eric Isicoff of Isicoff, Ragatz & Koenigsberg and  Ruben Socarras of Marshall Socarras Grant.

Auction Error Ends With $1.5M Tab for Nonbuyer

By Samantha Joseph |

The winning bidder who thought he purchased one waterfront mansion found out he was on the hook for two at double his $6.2 million offer. It didn't end well.

Brickell City Centre under construction

New South Florida Construction Droops

By Carla Vianna |

The value of South Florida construction starts plunged in April compared with the month before and the same period last year.

Hoteliers Call for Airbnb Regulation

By Carla Vianna |

Nearly two-thirds of the revenue generated via Airbnb in Miami comes from hosts listing multiple units at once.

Fort Lauderdale Real Estate Perks Up

By Samantha Joseph |

Moves by institutional investors into multifamily and other commercial ventures in Broward County illustrate the attraction.

Miami Backs $115M Subsidy Plan for Hotel, Expo Center

By Carla Vianna |

MDM Development Group's hotel and expo center project secures a $115 million subsidy commitment from Miami officials.

The Miami Tower, 100 SE 2nd St, is a 47-story, landmark office skyscraper in Miami, Florida, United States. It is located in central Downtown. It is currently the 8th tallest building in Miami and Florida. On April 18, 2012, the AIA's Florida Chapter placed it on its list of Florida Architecture: 100 Years. 100 Places as the Bank of America Tower.

Miami Tower Sells in Deal Worth $220 Million

By Carla Vianna |

Giant Japanese conglomerate Sumitomo Corp. purchased the Miami Tower in an agreement that will most likely lead to the sale of the iconic downtown property.

Broker Represents Buyer on $105M Aventura Office Purchase, Financing

By Samantha Joseph |

Robert Dockerty of Dockerty Romer represents the buyer on the purchase while raising $50 million in financing.

U.S. Federal Building and Courthouse, 299 East Broward Boulevard, Fort Lauderdale.

GSA Has No Good Place for New Fort Lauderdale Courthouse

By Samantha Joseph |

The Fort Lauderdale federal courthouse needs plenty of repairs, but there's no space for a new one in downtown Fort Lauderdale, according to a new government report.

Walter M. “Marty” Cummins Jr., president of Florida EB-5 Investments; Reid Thomas, executive vice president of California-based NES Financial; and H. Ronald Klasko of Klasko Immigration Law Partners in Philadelphia.

Bill Would Tighten EB-5 Visa Controls, Could Add to Backlog

By Carla Vianna |

A panel of EB-5 experts discusses the legislative hurdles faced by the cash-for-visa program amid heightened federal scrutiny.

 Gray Robinson shareholder Stephen Tilbrook.

Lauderdale Floods Changing Seawall Height Regulations

By Samantha Joseph |

City officials are considering new rules for waterfront development following repeated tide-driven flooding.

Top Parking? Look No Farther Than Miami

By Samantha Joseph |

A Miami garage wins a top prize in an international architectural contest. Check out the City View Garage.

10/15-   7950 NE Bayshore Court, Miami, Fl..

South Florida Apartment Rentals Built for Luxury

By Carla Vianna |

Fancy rentals dominate the nation's — and South Florida's — new multifamily arena.

4/15- Barcelona Jupiter Aparments, 111 Sierra Drive, Jupiter, Fl.

Jupiter Apartments Sell for $88 Million

By Samantha Joseph |

Fort Lauderdale lawyers guide the purchase of the 352-unit Barcelona Jupiter luxury complex.

Miami's Blue Lagoon Office Complex Sells for $68M

By Samantha Joseph |

A Connecticut investor buys the five-building Waterford at Blue Lagoon Business Park for $191 per square foot and gets $50 million in financing.

10/5/16-   Completed building at 3625 Northeast Second Ave. in Miami’s Design District, which will house the brand new Brown Jordan furniture store. Lyle Chariff and his team purchased the vacant lot for $275,000 in 2013. After solving innumerable issues that deemed the land “unbuildable,” the property is

'Unbuildable' Lot Gets Makeover, Sells for $13 Million

By Carla Vianna |

Lyle Chariff reinvents an "unbuildable" lot in Miami's Design District for $13 million after crossing a number of redevlopment hurdles in three years.

Top Brokers Collect $850,000 in Commissions in Five Weeks

By Samantha Joseph |

Not a bad binge. "The Jills" make about $850,500 in commissions on four Fisher Island real estate deals.

Tablet with chart displayed

Florida's Industrial Real Estate Near Pre-recession Levels

By Carla Vianna |

Statewide industrial vacancies dropped below 6 percent in the first quarter for the first time since 2006.

Pace of Luxury Miami Home Sales Slows Down

By Carla Vianna |

Amid a luxury housing market slowdown, Miami real estate professionals say economic factors have more effect than new federal scrutiny.

Aerial view of downtown Miami

Quality-of-Life Investments Yield Economic Development Gains

By Commentary by Mitchell Bierman |

Miami needs to tax itself to improve transit and become a more attactive city for business and job seekers, writes attorney Mitchell Bierman.

The Miami skyline in 2014 with Brickell on the left and Downtown to the right.

UK Real Estate Shoppers Focus on South Florida

By Carla Vianna |

Colombia leads all foreign nations in searching for Miami real estate online, interest from the U.K. strengthens to a record high, and Brazil drops to No. 5.

Loan, Land Deals Close for West Palm Apartments

By Samantha Joseph |

An Arizona developer secures $50 million construction loan and closes on a $10 million land purchase for a West Palm Beach project.

Aventura Office Park Sells for $105 Million

By Carla Vianna |

New York investors buy the three-building Aventura Corporate Center for $417 per square foot.

Lawyer Spots Condo Trend, Leaves Firm to Start Financing Platform, Talks Changes in Market

By Carla Vianna |

Miami lawyer Andrew Stearns starts an investment platform and finds some odd developments in Miami condo resales.

HFF Arranges $41M Construction Loan for Davie Apartments

By Samantha Joseph |

A partnership of developers secures $41 million in financing for the 259-unit Parc3400 east of the town's college campuses.

Gov. Rick Scott

Federal Government Pulls Out, Florida Left Paying for Ranch Deal

By Jim Turner, News Service of Florida |

The state is picking up $1.5 million that the federal government had been expected to contribute to a deal to conserve 1,617 acres of ranch land and panther habitat in eastern Collier County.

Miami River Commission Backs Condo-Hotel Plan

By Carla Vianna |

A Brazilian developer has revived an ambitious plan for a narrow lot on the south side of the Miami River.

Protesters at Kolter’s new Alton community in Jupiter.

Developer Sues Developer Over Fort Lauderdale Deal

By Samantha Joseph |

A prominent developer claims the Kolter Group LLC squeezed him out of a lucrative deal for a parcel on Las Olas Boulevard near downtown Fort Lauderdale.

Deerfield Mall, 3668 W Hillsboro Blvd, a 394,248-square-foot, Publix-anchored, community shopping center located in the South Florida community of Deerfield Beach.

Publix-Anchored Deerfield Mall Sells for $93 Million

By Samantha Joseph |

A Houston investor pays $253 per square foot for the community shopping center.

Survey: Millennials Grossly Underestimate Cost for New Homes

By Carla Vianna |

A recent study shows millennial renters grossly underestimate how much a down payment on a starter home really costs.

Liquid Ambition: Miami Board Backs Liquid Lofts Downtown Apartment Tower

By Carla Vianna |

The city's Urban Development Review Board supports waivers for an 866-foot tower near the Dade County Courthouse.

Horse Farm Purchased for $17.45 Million

By Carla Vianna |

A nearly 7-acre Wellington horse farm owned by the founders of financial management firm Artisan Partners L.P. sold for $17.45 million.

Distributor Signs Five-Year Lease in Pembroke Park

By Samantha Joseph |

RTA Products is leasing 93,700 square feet after moving from Miramar.

Matthew Whitman Lazenby, president and CEO of Whitman Family Development.

Cellphone Search Punctuates Bal Harbour Shops Expansion

By Carla Vianna |

A legal battle has been brewing between the founders of Bal Harbour Shops and Village Vice Mayor Patricia Cohen.

Tri-Rail train at Delray Beach Station, Delray Beach, Fl.

Tri-Rail to Borrow $20 Million for Downtown Miami Link

By Carla Vianna |

Despite legislative obstacles, Tri-Rail operators have revived a plan to connect West Palm Beach commuters to downtown Miami.

Bruce Rogow

Court Reverses on Attorney Fees in Trump Hotel Flop

By Samantha Joseph |

The Fourth DCA largely ruled against investors who claimed they were duped by misleading marketing for the failed Trump International Hotel & Tower in Fort Lauderdale but reversed on attorney fees.

Hyatt Gains Miami Beach Presence for $229 Million

By Carla Vianna |

The Thompson Miami Beach sells for $603,000 per room to the Hyatt Hotels Corp.

Looking up at Auberge from Biscayne Blvd.

Why Jorge Perez's Eldest has Big Shoes to Fill and it's not Just the Family Business

By Carla Vianna |

Reporter Carla Vianna interviewed Jon Paul Perez, the eldest son of developer Jorge Perez, about his first condo project in Miami. Auberge Residences & Spa will be in Miami’s Arts and Entertainment District on Biscayne Boulevard.

CoStar Flies High for Quick Commercial Real Estate Updates

By Samantha Joseph |

A CoStar Group research plane mapping new construction in South Florida documents 40 projects near Fort Lauderdale as part of a national research project.

Stonegate Bank Buying Regent Bank for $40 Million

By Carla Vianna |

Pompano Beach-based Stonegate Bank will acquire the holding company for the five-branch Regent Bank to create a community bank with $2.7 billion in assets.

Tony Cho, president and founder of Metro 1

Retail and Industrial Guide 2016: Retail Resurgence and Industrial Reshaping

By Review staff |

As South Florida's retail sector experiences a resurgence, new warehouse design is reshaping demand for industrial space in Miami-Dade County.

Anthony Graziano, co-creator of TRENDS Real Estate Report and senior managing director of Integra Realty Resources

'Not a Bust,' But Miami Luxury Housing Is in Decline

By Carla Vianna |

South Florida's luxury market suffered several hits, but experts don't foresee a bust.

Miami- Bruce Jacobs, with Jacobs Keeley, PLLC

Home Foreclosure Fails on Ocwen Servicing Records

By Samantha Joseph |

Miami-Dade Circuit Judge Beatrice Butchko threw out loan servicer Ocwen Financial's records after describing the loan servicing transfer process as a "legal fiction."

Trump Towers I, II and III in Sunny Isles Beach. Trump Tower I is located at 16001 Collins Ave.

Condo Owners Claim Bad Construction at Trump Towers

By Carla Vianna |

Unit owners are suing the developers of the Trump Towers in Sunny Isles Beach, claiming several hundred alleged construction defects.

RealtyTrac Sees Big Profit in US Home Sales

By Carla Vianna |

South Florida home sellers came away with average gains of $50,000 on their purchase prices.

The Edge at Flagler Village Apartments, 495-7 N. Federal Highway, Fort Lauderdale

Lauderdale Apartment Developer Cashes Out for $114 Million

By Carla Vianna |

The 331-unit Edge apartment complex in Fort Lauderdale's Flagler Village points to an emerging neighborhood rife with redevelopment opportunities.

340 S. Federal Highway, Deerfield Beach

Deerfield Beach Retail Bagged for $5.2 Million

By Samantha Joseph |

Secret to Success: Developer Scouts for Tear-Downs to Build Upscale Homes

By Samantha Joseph |

Todd Michael Glaser is on the prowl for 50 teardowns off the water in Miami Beach.

Buildings with the address of 2021-2039 NW First Place, Miami, in the Wynnwood district.

Sellers Taking Advantage of Appreciation in Miami's Wynwood Neighborhood

By Samantha Joseph |

After rejecting an $8 million offer, the owners of the Two Aces property are betting they'll get even more for warehouses purchased for $240,000 in 2002.