Real Estate News

House Looks at Swapping Property Taxes With Higher Sales Taxes

By News Service of Florida |

A House committee is looking at ways to replace property taxes with a higher state sales tax.

Thor Drops Another $42 Million in Miami's Wynwood

By Samantha Joseph |

New York investor, Thor Equities, extends its Wynwood buying spree with its acquisition of three properties.

Lincoln Road

One Day Late on Lincoln Road Rent, and You're Outta Here

By Samantha Joseph |

A South Beach landlord will double its rent after evicting a tenant to make room for Steve Madden's shoes.

The Shops at Sunset Place, 5701 Sunset Dr, South Miami

Investors Drop $94 Million Into South Miami's Sunset Place

By Samantha Joseph |

The new owners of CocoWalk just spent $94 million buying a majority stake in the Shops at Sunset Place in South Miami.

Why Norman Braman is Giving up on SkyRise Lawsuit

By Celia Ampel |

Auto magnate Norman Braman withdraws as a plaintiff in a lawsuit against the city of Miami over a $9 million subsidy for the planned SkyRise tower in downtown Miami.

Rendering of Auberge Beach Residences and Spa

Related Gets FAA Approval for Two Tall Miami Projects

By Samantha Joseph |

The Federal Aviation Administration has given height approval for six towers near the Miami International Airport flight path.

Boca Raton Apartments, Office Sell for $108 Million

By Samantha Joseph |

A long-term investment hold pays off for developer Ram Realty Services, which closed on two Boca Raton transactions within a week.

Appellate Ruling Protects Buyers of Homes Sold As Is

By Oscar R. Rivera |

A state appeals court rules sellers are obligated to disclose known hidden defects even when houses are sold as it, writes attorney Oscar R. Rivera.

One Sotheby's Takes Over South Beach Brokerage

By Samantha Joseph |

Luxury real estate brokerage One Sotheby's just scooped up the 70-agent South Beach International Realty.

Cabinet Asked to Wrangle Two Ranches for Conservation

By News Service of Florida |

The governor and state Cabinet are being asked to approve ranch purchases in Collier and Seminole counties.

Miami Mortgage Lender Gets 11 Years for Fraud

By Celia Ampel |

The owner of a Miami mortgage company has been sentenced for running a $64 million mortgage fraud scheme.

Carlisle's Co-Founder Wants Trial on Housing Fraud Charges

By Samantha Joseph |

Carlisle Development co-founder Lloyd Boggio, who is accused of misusing $26 million in federal tax credits and grants, wants his day in court on federal fraud charges.

Miami Developer Pleads Guilty in $30 Million Affordable Housing Scam

By Samantha Joseph |

Matthew Greer, former CEO of Carlisle Development Group, pleaded guilty to two counts of conspiracy to commit theft of government money in a fraud involving 10 low-income housing developments.

Knee-Jerk Reaction in Foreclosure Case Costs Association $35,000

By Michael L. Hyman |

Attorney Michael L. Hyman writes about a condominium association in a foreclosure case that was ultimately done in by its own initial pleadings stating that it was entitled only to a capped amount.

Construction Defect Defendants Using ABCs to Minimize Payments

By Jeffrey S. Berlowitz and Jordan G. Weinkle |

Assessing the strength of an association's construction defect claim against a debtor company filing an ABC requires a unique blend of bankruptcy law and community association law knowledge, write attorneys Jeffrey S. Berlowitz and Jordan G. Weinkle.

Calum Weaver

Huge Lincoln Road Acquisition Boosts Neighboring Properties

By Samantha Joseph |

South Beach's largest apartment portfolio hits the market, offering 240 units near Lincoln Road.

2 Acres Sell for $23.5M in North Miami Beach

By Samantha Joseph |

Two developers plan to turn a strip club into a high-density, mixed-use project at Biscayne Boulevard and 163rd Street.

Charles Penan and Howard Taft

Vacant Warehouse Deals Show Value in Miami's Wynwood

By Jennifer LeClaire, |

Aztec Group director Charles Penan and senior managing director Howard Taft arranged nearly $10 million in loans for two Wynwood warehouse properties.


This Florida Supreme Court Ruling is a Setback for Mortgage Lenders in Foreclosure Cases

By Samantha Joseph |

The Florida Supreme Court rules the Bank of New York Mellon waited too long to challenge a judgment favoring a Hallandale Beach condo association in a foreclosure case.

Espirito Santo Plaza Sells for $142 Million

By Samantha Joseph |

A Texas buyer buys the mixed-use complex covering a block in Miami's Brickell Avenue.

Skyrise Miami Tower Challenge Killed by Florida Supreme Court

By Samantha Joseph |

Florida Justices refuse to review an activist's challenge to the proposed 1,000-foot observation tower on Biscayne Bay at Bayside Marketplace.

Grab the Drano! New Mortgage Disclosure Rules Could Clog Real Estate Pipeline

By Samantha Joseph |

Some real estate attorneys and brokers fear the new federal mortgage disclosure rules taking effect Oct. 3 could hobble the rebounding housing sector.

Got $32 Million to Spend? Ex-Foreclosure King David Stern's House Listed

By Samantha Joseph |

Disbarred attorney David Stern assembled three lots in Fort Lauderdale to build a two-wing estate with six bedrooms, nine bathrooms, five fireplaces, a tennis court and a movie theater.

David Cassidy

David Cassidy's Fort Lauderdale Estate Auctioned for $1.85M

By Samantha Joseph |

The actor-musician's waterfront home was auctioned as part of his bankruptcy case.

Boca Raton's University Commons Sells for $80 Million

By Samantha Joseph |

Developer Schmier & Feurring sells the retail center with one of the nation's most high-traffic Whole Food Markets to Jacksonville-based Regency Centers.

Commercial Real Estate Annual Report 2015

By Review staff |

Making it rain in South Florida. In our annual report, deep-pockets investors are aggressively pursuing real estate deals aided by creative financing options.

Goodbye Home Offices: Shared Workspaces Gaining Ground

Ten years ago, co-working spaces were a new concept, providing shared desks for freelancers and entrepreneurs as single "mom and pop" shops.

4th DCA

He Waited Outside a Courtroom for a Trial, but No One Told Him It Was Moved. Now He'll Get a Second Chance

By Samantha Joseph |

The Fourth DCA sides with a contractor who missed trial because he didn't realized Broward Circuit Judge Dale Ross moved the hearing from his courtroom to his chambers.

20425 Old Cutler Road

Publix Landlord Outmaneuvered in Cutler Bay

By Samantha Joseph |

When Publix Super Markets tried to move out of a Cutler Bay shopping center and set up shop nearby, the ensuing landlord-tenant dispute ballooned into a feud that engulfed the town and the developer planning to build a town center.

Mary Brickell Village

Mary Brickell Village Sells for $113.5 Million

By Eleazar David Melendez |

The open-air retail center in the heart of Miami's financial district sells for $216 per square foot.

1035 Lincoln Road, Miami Beach

Lincoln Road Retail Changes Hands for $370 Million

By Eleazar David Melendez |

In the blockbuster transaction of the year, a block of Miami Beach's Lincoln Road sells for $7,156 a square foot.

Josephine Wang stands at one of her listings

Pinecrest's Top Broker Keeps Mouth Shut and Just Sells (Slideshow)

By Samantha Joseph |

Broker Josie Wang represents supermodels, professional athletes and Hollywood celebrities—but don't ask her to name-drop.

The MetLife building at 200 Park Ave.

MetLife Sells Miramar Office Portfolio for $82 Million

By Eleazar David Melendez |

Four companies tied to Starwood Capital Group bought the two-building Huntington Centre and the two-building Miramar Centre from insurance giant MetLife.

Fort Lauderdale Attorneys Advise on $402M Apartment Deal

By Samantha Joseph |

Angelo & Banta attorneys helped steer the real estate trade for a Cerberus Capital Management affiliate.

Alejandro Goldemberg

Developer Builds on a Smaller Scale in Miami's Edgewater

By Eleazar David Melendez |

Bucking the pattern trod by other developers in Miami's Edgewater neighborhood, Stripey Development is building tiny, quick and plain.

Brickell City Centre - The massive mixed-use Brickell City Centre announced the rebranding of its office component, adding additional office space in the much-needed Brickell area.

When an Office Tower is Really an Office Tower

By Eleazar David Melendez |

A year after leasing most of a tower to the Akerman law firm, Brickell City Centre is officially calling the building an office tower.

3rd DCA Judge Vance E. Salter

Even by Miami Standards, This Messy Foreclosure was 'Extraordinary'

By Samantha Joseph |

Third DCA Judge Vance Salter said the messy foreclosure case was an example of "the excesses of the Miami residential lending market" before the housing crash.

Judges Supports Condo Owners in Lawsuit Over Ritz-Carlton Views

By Samantha Joseph |

The group challenged new association rules changing the number of votes needed to sell the Tropicana in Sunny Isles Beach and limit the number of units owners could purchase.

11th Circuit Revives Miami's Case Against Mortgage Lenders; Similar Case Pending in Atlanta

By Alyson M. Palmer |

A federal appeals court panel has revived what it called an "ambitious" set of lawsuits brought by the city of Miami against mortgage lenders under the federal Fair Housing Act.

REIT Pays $56M for Cooper City Apartments

By Eleazar David Melendez |

$47M Construction Loan Issued for 14-Story Little Havana Project

By Samantha Joseph |

Developer Astor obtained the loan for the mixed-used tower from an Avison Young team in New York.

5 Plead Guilty in $36M Affordable Housing Scam

Four developers in Miami and a Fort Lauderdale contractor are pleading guilty to federal charges stemming from an affordable housing fraud.

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

FAA Rejects Plans for Tall Miami Towers. Now What?

By Eleazar David Melendez |

Florida real estate titans Related Group and Florida East Coast Realty received rejection letters from the Federal Aviation Administration for Miami tower proposals.

Joe Sirven

Firms Scramble to Find Corporate, Real Estate Associates

By Julie Kay |

Joe Sirven of Holland & Knight said a "perfect storm" has led to a shortage of midlevel associates for corporate and real estate groups.

First Church of Christ Scientist building located at 256 NE 19th Street

Historic Miami Church Could Become Base of Condo Tower

By Eleazar David Melendez |

A developer is proposing converting a turn-of-the-century Christian Science church north of downtown Miami into a grocery store--and build a condo tower on top.

Here's What Developers Plan to do With the North Miami Beach Land They Just Paid $30M For

By Samantha Joseph |

Developers closed the 4.4-acre land deal for a planned 330-unit condominium complex.

3590 Crystal View Court

LeBron James Home Sells for $13M to Mayfair Owner

By Eleazar David Melendez |

The buyer of the departed Heat star's Miami pad is happy to close on the Coconut Grove mansion after living in it for a few month.

Piling drilling at One Thousand Museum construction site

24-Hour Cement Pour Survives Last-Minute Anxieties

By Eleazar David Melendez |

A 24-hour cement pour to create the foundation for the 709-foot One Thousand Museum condominium tower north of downtown Miami required loads of coordination while sales proceed.

Bankruptcy Judge Sides With Owner on Home Surrender

By Samantha Joseph |

Going against two precedent-setting rulings, U.S. Bankruptcy Judge A. Jay Cristol in Miami found it would be unjust to force homeowners to tap out of foreclosure cases.

$1.5M Award for Zoning Change Thwarting Hollywood Condo Plan

By Samantha Joseph |

A developer won a $1.5 million verdict in a downzoning case against Hollywood but lost on a potentially more expensive constitutional challenge.

Martin Melo

Melos' Project Is Flashier But $95 Million Loan Is Still No Frills

By Eleazar David Melendez |

Martin Melo said the Melo Group might not even need to tap into the $95 million loan to fund construction of Aria on the Bay.

Gary S. Gostel, Bruce Lamchick, and Ryan Lamchick

Attorneys' Hunch Unravels Trail of Mortgage Fraud

By Samantha Joseph |

Miami attorneys uncovered a real estate scam involving claims of a forged notary public signature, fraudulent documents and brisk deed transfers.

How Mandatory Accounting Methods Impact Condo Developers

By Mitchell W. Goldberg |

Attorney Mitchell W. Goldberg analyzes the tax impacts of mandatory accounting methods for condominium developers during construction.


4th DCA Junks Foreclosure Backed by Flimsy Documents

By Samantha Joseph |

A lender that couldn't get its story straight ended up on the losing end of a foreclosure appeal in the case of a Royal Palm Beach homeowner.

Call Center Snags Big Pompano Beach Office Lease

By Samantha Joseph |

A Nashville, Tennessee-based Sitel Operating Corp. leased about 114,000 square feet for a new call center in Pompano Beach.

Chris Lovell, Senior managing director, Savills Studley

Are Chinese Developers Planning Giant Brickell Office Tower?

By Eleazar David Melendez |

According to CoStar Group Inc., a future Class A office building is planned for the former Capital at Brickell site that would create 3.6 million square feet of office space at 1420-1438 S. Miami Ave.

Paulson Takes 7% Starwood Stake to Become Top Shareholder

By Nadja Brandt and Miles Weiss |

John Paulson's hedge funds last quarter acquired a 7 percent stake in Starwood Hotels & Resorts Worldwide Inc., becoming the biggest shareholder in the company as it explores strategic alternatives.

Why Americans Waiting Longer Than Ever to Buy First Homes

By Josh Boak |

Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes.

Susan Trench

Developer Sues Two Cities in Pursuit of Mid-Rise Projects

By Eleazar David Melendez |

A developer rejected for zoning changes in Miami and South Miami is suing the citiies for votes that didn't go its way.

Joe Nacchio

Ex-Qwest Exec and Ex-con Sells Jupiter Estate

By Samantha Joseph |

Joseph Nacchio, the former Qwest CEO convicted of insider trading, and his wife sell his Jupiter estate for $13 million.

Lone Star Deal Marks Return of Risky Mortgage Bonds

By Jody Shenn |

About 220 home loans packaged into a $72 million bond offering by private-equity firm Lone Star Funds were backed by new loans to homeowners with riskier credit profiles in which the government didn't take at least some of the default risk.

480 Ocean Blvd, Golden Beach

This Unusual Tactic Paid Off for Golden Beach Mansion Builder

By Eleazar David Melendez |

To sell spec homes in Golden Beach, a developer took a page from the marketing handbook for high-rise condos.

$46 Million Lands Hollywood Office Complex

By Samantha Joseph |

MetLife trades the Venture Corporate Center to a Denver-based real estate investment trust.

California Investor Buys Boca-Area Apartments

By Samantha Joseph |

A major Los Angeles player invested $34 million in the 166-unit Addion Place Apartments west of Boca Raton.

Peter C. Gardner

Colliers Buys Miami Brokerage With Retail Strengths

By Eleazar David Melendez |

The merger promises to strengthen foreign investment in the Coconut Grove retail base.

Bridging Cultural Gaps with Chinese Real Estate Buyers

By Anthony Kang |

South Florida professionals dealing with prospective Chinese buyers need to understand their needs and establish a knowledgeable and supportive network, writes attorney Anthony Kang.

RJ de Varona

Fed Up With Miami-Dade Traffic? Why Developers are in a Catch-22

By Eleazar David Melendez |

A residential project in Miami's Coconut Grove iillustrates a Catch-22 for developers: how to build developments that feed public transit when the infrastructure is below par.

Why Developer Was Offended With Line of Questioning From Weiss Serota Attorney

By Samantha Joseph |

The developer planned a high-rise condo tower but claims City Commission action to shorten building height limits robbed it of construction options.

Baron Alan Sugar

Britain's 'The Apprentice' Host Sells Boca Raton Estate

By Samantha Joseph |

Baron Alan Sugar sells the estate with Intracoastal Waterway access for $6.8 million, or $500 per square foot.

Leaky Foundation? Slowpoke Condo Association? Room for Relief in Court

By Michael E. Chapnick |

A state appeals court case sheds new light on a condo association's duty to maintain and repair structural and common elements of the property, writes attorney Michael E. Chapnick.

Luis Flores of Arnstein & Lehr

Muse Condo Lands $134M Construction Loan

By Samantha Joseph |

A Los Angeles lender is providing $134 million for the 68-unit luxury Muse condo development in Sunny Isles Beach.

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

Miami Leader Seeks Trust to Fund Mass Transit, Parking

By Eleazar David Melendez |

Miami will consider creating a transportation trust fund to help finance major mass transit and parking improvement initiatives.

Ex-Affordable Housing Execs Charged in Miami Kickback Scheme

By Celia Ampel |

Four South Florida developers and two general contractors are charged with being part of a kickback scheme that inflated affordable housing contracts by at least $26 million.

1647 North View Drive

Plastic Surgeon, 'Real Housewife' Sell in Miami Beach for $10 Million

By Eleazar David Melendez |

Miami plastic surgeon Leonard Hochstein, sells a Sunset Islands estate for more than twice what he paid in 2005.


Owner Claims Forged Affidavit Filed for Her in Foreclosure Case

By Samantha Joseph |

A judge is being asked to consider a foreclosure defense attorney's request to withdraw from a case where the firm is accused of filing a forged affidavit. The noteholder's attorney wants sanctions.

Miami Airport Marriott, 1201 NW LeJeune Road

Miami Airport Marriott Complex Gets $99 Million Loan

By Eleazar David Melendez |

The $99 million loan marks the latest in a summer of hot South Florida hotel deals.

What Will $20 Million Get You? Buildable Waterfront Lot in Miami Beach

By Samantha Joseph |

The 37,895-square-foot parcel combines three lots facing west on Biscayne Bay.

David Albert

No End in Sight for Warehouse Demand in Miami-Dade

By Eleazar David Melendez |

Miami-Dade County warehouse developers are planning a flurry of new construction on a scale not seen since the last real estate cycle.