Real Estate News

Robert Given, with Cushman & Wakefield.

Hurricane Irma Drags Out Some South Florida Real Estate Deals

By Lidia Dinkova |

In South Florida, Hurricane Irma attack on the electrical grid and air service prolonged real estate deals.

Michael Denberg, with Arnstein & Lehr.

Appetite for Multifamily Communities Translates to Transactions Large and Small

By Carla Vianna |

South Florida has been seeing record apartment sales, drawing interest to everything from luxury units to less trendy and less familiar addresses.

Shuttered Miami High School Site Offered for Redevelopment

By Lidia Dinkova |

The 15-acre Catholic school at 4949 NE 2nd Ave. closed this year, and the campus attracted interest before it was put on the market.

Muoio says this month’s data indicate “the commercial real estate market’s current fragile state.”

‘Late Cycle Uncertainty’ Leads To Pricing Dip

By PAUL BUBNY |

Although not a precipitous drop at 0.1%, the nationwide decline in commercial property pricing seen in August marked the fourth consecutive decline for Ten-X’s Commercial Real Estate Nowcast index. Pricing across the industry is now up just 5.8% from the year-ago period.

$101 Million Wells Fargo Loan Funds North Miami's SoLeMia Apartments

By Lidia Dinkova |

The loan is for construction of two 17-story apartment buildings as part of the much larger SoLeMia Miami project.

David Arditi, founding principal of Aria Development Group in Miami.

Irma Victims Getting Help From Developer, Builder and Realtors

By Lidia Dinkova |

South Floridians in the real estate realm are organizing relief efforts for the Florida Keys and the Caribbean after Hurricane Irma.

Kaplan Keeps Fort Lauderdale HQ After Extending Cypress Creek Lease

By Lidia Dinkova |

The parent company of Kaplan University take sup 193,000 square feet in two buildings.

Homes damaged by Hurricane Irma.

Reprieve From Mortgage Payments Available to Some in Irma's Wake

By Lidia Dinkova |

Homeowners in 48 Florida counties, Puerto Rico and the U.S. Virgin Islands may be eligible for an extended delay in payment of federally backed mortgages due to Hurricane Irma.

Versatile South Florida Developer Terry Stiles Dies

By Lidia Dinkova |

The late Terry Stiles of the Fort Lauderdale-based Stiles Corp. is credited with developing high-profile commercial real estate as well as public-sector projects.

A crane atop a building under construction in downtown is shown after it collapsed as Hurricane Irma passes by, Sunday, Sept. 10, 2017, in Miami.

2 huge cranes atop Miami high-rises collapse in Irma's winds

By Jason Dearen, Adriana Gomez Licon and Jennifer Kay |

The cranes were among two dozen such heavyweight hazards looming over the city skyline as the monster storm powered across the state.

Hurricane Irma wind speed probability.

Irma on the Way: Still Time for Twitter

By Celia Ampel |

Florida lawyers are preparing ahead of the massive storm.

Aut Smith, 42, and Willie Young, 52, load up sandbags for the community at the City of Gainesville Public Works Department, Wednesday, Sept. 6, 2017 in Gainesville, Fla.

As Hurricane Irma Bears Down, South Florida Battens Down

Leaders in business and law draw from long memories of hurricanes past, and recent disasters, as they make way for one of the most ferocious storms to threaten Florida in recorded history.

Aut Smith, 42, and Willie Young, 52, load up sandbags for the community at the City of Gainesville Public Works Department, Wednesday, Sept. 6, 2017 in Gainesville, Fla.

Most Florida Property in Flood Zones is Not Insured

By Terry Spencer and Meghan Hoyer |

Work to protect property ahead of Hurricane Irma might not be enough with a widespread lack of flood insurance in Florida.

From left, JC Abreu, Peter Gonzalez, and Jorge Abreu  install hurricane shutters at a home in Key Largo, Fla., in preparation for Hurricane Irma on Wednesday, Sept.  6, 2017.

South Florida Construction Sites Secured Ahead of Hurricane Irma

By Lidia Dinkova |

Construction crews maneuvered cranes and dismantled scaffolding with Hurricane Irma threatening South Florida.

David Duckworth, vice president at Avison Young

Avison Young Finds South Florida Investor for Lakeland Office

By Suzette Laboy |

Coconut Creek's Geneva Group lands the six-story downtown Lakeland office building.

This Airline Has Some Florida Real Estate It Wants to Sell You

By Justin Bachman, Bloomberg News |

Discount carrier Allegiant is breaking away from its aviation focus with plans for a 75-room condo-hotel resort in Port Charlotte.

L-R Doug Mandel and Ben Silver.

Marcus & Millichap Sells Miami Beach Office Building for $5.6M

By Suzette Laboy |

Douglas Mandel and Benjamin Silver arranged the sale of an office building on Arthur Godfrey Road.

Unchecked Fraud Will Lead to Unaffordable Homeowner Insurance

The head of the the Florida Property & Casualty Association warns skyrocketing claims on assignment of benefits show self-serving attorneys and vendors are gaming the system.

Achikam Yogev, Senior Vice President and Education Services Group Member with Colliers International Education Services Group.

Colliers Broker Handles $33M Charter School Deal

By Suzette Laboy |

Achikam Yogev arranges the sale of two charter schools to Oregon investors.

Daniel Fernando Benavides of Shutts & Bowen.

This Easy-to-Miss Trademark Lawsuit Changes Rules for Condo-Hotel Unit Rentals

By Samantha Joseph |

Real estate professionals must operate under a new legal precedent when marketing private units in properties where branded hotels also operate.

Berkadia Secures $14 Million for Two Florida Keys Hotels

By Suzette Laboy |

The Berkadia team arranged acquisition financing for two Islamorada hotels that are managed jointly.

The Atlantic at East Delray at 650 Lavers Circle, a 228-unit apartment community in Delray Beach.

Investors Trade Delray Apartments for $54M

By Catherine Wilson |

The sale of The Atlantic at East Delray represents a 34 percent gain after a two-plus-year hold.

Abbe Bunt, left, and Joshua Dull

Demand for Real Estate and M&A Lawyers Strong in Florida Legal Market

By Monika Gonzalez Mesa |

South Florida recruiters are seeing a legal market hungry for real estate lawyers, especially at the senior partner level, while corporate M&A, private equity and health care practices are hot, too.

Judge Barbara Lagoa.

Miami Luxury Real Estate Firm Accused of Sabotaging Rival

By Samantha Joseph |

Rival luxury real estate auction houses tussle over defamation.

Judge Thomas Logue, 3rd District Court of Appeal.

No New Public Funding for Miami Developer Linked to Housing Fraud

By Samantha Joseph |

Bad news for Miami-based Pinnacle Housing Group LLC: A state appellate court refused to lift a suspension order barring it from receiving public funds.

Real Estate Attorney Closes on his Largest Construction Loan Yet

By Suzette Laboy |

Carlos Reyes closes on a $19.7 million construction loan for an ambulatory medical center in Fort Lauderdale.

1399 SW First Ave, Miami

Acre Off Miami's Brickell Goes for $31 Million

By Catherine Wilson |

TSG Group takes over the property next to the Infinity at Brickell condo tower and could pursue redevelopment.

At $350 Million, ‘Beverly Hillbillies’ Mansion Is Most Expensive in US

By Matt Gross |

The story of Jed Clampett is, by now, a legend. A poor mountaineer, he could barely feed his family of four, but one day, while he was out hunting for food, he fired his rifle into the swamp behind his shack—and struck oil. The sale of the resource-rich land, in 1962, would eventually net him between $25 million and $100 million, and he did what anyone with sudden riches would do: He packed up his truck and moved his clan to Beverly Hills, where their adventures would be the subject of nine seasons of "The Beverly Hillbillies."

Cushman & Wakefield Expands Multifamily Team

By Catherine Wilson |

Luis Elorza and Brad Capas rejoin Cushman & Wakefield's multifamily brokerage team focusing on Florida's West Coast.

Baby Boomers Who Refuse to Sell Are Dominating the Housing Market

By Prashant Gopal |

People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to real estate website Trulia.

Meridian Director Arranges Construction Takeout Financing for Davie Multifamily

By Suzette Laboy |

Shalimar at Davie receives a $35.5 million, 10-year loan after almost filling the new 240-unit complex.

Delray Beach Apartments Sell for $102.5M

By Catherine Wilson |

The 488-unit Delray Verana complex goes for more than $247,000 a unit.

Pathman Lewis Arranges $108M Refi for Apartments

By Catherine Wilson |

The legal team led by partner Harold Lewis closes on the refinancing for a 14-site portfolio owned by Miami-based Tzadik Acquisitions in Florida.

 From left, standing, Carlos R. Lago, Tracy H. Lautenschlager and Iris Escarra. Sitting, Jonathan S. Gelman and Stephanie Stein, with Greenberg Traurig.

Attorneys Negotiate $10 Million Sale of Downtown Acre for Historic Church

By Carla Vianna |

The Christ Fellowship Baptist Church gets a 300-space parking garage out of the deal arranged by Greenberg Traurig lawyers.

Ocwen Loan Servicing website.

Ocwen, Other Mortgage Servicers Get Poor Grades in Customer Service

By Samantha Joseph |

A bit of good news for embattled West Palm Beach-based Ocwen Loan Servicing: Its customer satisfaction score rose 11 points, according to a J.D. Power ranking.

Rendering of Wynwood 25, a project under construction in Miami's Wynwood neighborhood offering micro-apartment units.

Micro-Units: When Smaller Apartments Are a Bigger Draw

By Carla Vianna |

Apartment developers are responding to a cry for reasonably priced housing by filling their towers with smaller units with permission from cities across South Florida.

LoftSmart Website.

To See the Future of Renting, Watch the College Kids

By Patrick Clark |

To rent an apartment on LoftSmart, a website for college students looking for off-campus housing, users browse listings, take a virtual tour, and read reviews from current or past tenants. If they find a place they like, they can put in an application, sign a lease, and pay their security deposit—all online.

Kurz Real Estate Broker Stumbles Upon Rare Portfolio in Miami

By Carla Vianna |

Erick Vargas of Kurz Real Estate Corp. introduced his client to a rare real estate opportunity in Miami-Dade County: a 35-property portfolio he happened to stumble upon.

Spanish singer-songwriter Julio Iglesias is offering four undeveloped, adjoining waterfront lots in Miami’s wealthy Indian Creek Village.

Julio Iglesias Offers Waterfront Lots for $150 Million

By Carla Vianna |

This is how much eight waterfront acres in one of Miami Beach's most exclusive, high-end island villages could sell for.

Pembroke Pines City Center rendering.

Pembroke Pines Growth Attracts Retail Buyer

By Carla Vianna |

It's back to the suburbs for these investors and developers: Commercial real estate deals and developments are up in Pembroke Pines.

Transwestern managing director John Bell

Transwestern Brokers Sale of High-Vacancy Jacksonville Tower

By Carla Vianna |

Transwestern's Miami-based managing director John Bell helps market and sell an underperforming office asset in downtown Jacksonville for $15 million.

11000 Miramar Blvd., Miramar.

Miramar Apartment Sale Generates $82 Million

By Carla Vianna |

Another top-dollar South Florida apartment complex has traded. This time, the Miramar Park Apartments went for more than $273,000 per unit.