Real Estate News

Keith Costello, left, and Jeff Cannon, right, of First Green Bank.

First Green Bank Funds Self-Storage Construction

By Carla Vianna |

The bank's Fort Lauderdale team arranges a $9 million construction loan for a new self-storage facility in Naples.

Related's Karson to Lead CBRE in South Florida

By Carla Vianna |

Former Related Group executive Arden Karson is running CBRE's South Florida operations.

Shoppes of Wellington Green at 10500-10590 Forest Hill Blvd. in Wellington.

Wellington Retail Sells for $19 Million

By Carla Vianna |

The Shoppes of Wellington Green goes for about $149 per square foot.

Brown Harris Buys Avatar Brokerage in Miami

By Carla Vianna |

New York luxury real estate firm Brown Harris Stevens buys Avatar Real Estate Services in Miami.

Cranes sprouting the skyline of Brickell as new condo construction rises

Florida Contractors See New Year Transit, Education Opportunities

By Carla Vianna |

Builders are struggling with labor shortages but are optimistic about president-elect Donald Trump's infrastructure message.

Condo Dissolved to Make Way for Student Housing

By Carla Vianna |

Miami attorney Guillermo Mancebo guides a $16.6 million condominium termination in Sweetwater.

Palm Beach Health Care Signs $18.5M Office Deal

By Carla Vianna |

The Health Care District of Palm Beach County inks a large lease for its new home in West Palm Beach.

Canadian Buyer Steps Forward for Former Lauderdale Trump Tower

By Carla Vianna |

Under new ownership, the oceanfront condo-hotel property with a troubled past is heading for completion.

Miami Beach mansion purchased by billionaire Russ Weiner, who founded Rockstar Energy Drink.

Canadian Snowbirds Feel the Chill, Check Miami Real Estate

By Carla Vianna |

There's a new real estate buyer in town: Canadian snowbirds have kicked Colombian house hunters to the side, a report says.

The Tiffany Building on Palm Beach's Worth Avenue.

Tony Palm Beach Tiffany Building on the Market

By Carla Vianna |

Start the bidding. The home of Tiffany & Co. and two other luxury stores on the pricey Worth Avenue retail strip is up for sale for the first time.

Mortgage Rates, Home Sales and Prices Seen Rising in 2017

By Alex Veiga |

Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year.

Tom Barrack, chairman of Colony Capital LLC, speaks during an interview in Los Angeles, California, U.S., on Friday, Nov. 13, 2015. In September, Starwood Waypoint Residential Trust, which rents out single-family homes, agreed to merge with billionaire Barrack's American Homes to create a company with more than 30,000 housing units.

Wall Street, America's New Landlord, Kicks Tenants to the Curb

By Prashant Gopal |

On a chilly December afternoon in Atlanta, a judge told Reiton Allen that he had seven days to leave his house or the marshals would kick his belongings to the curb. In the packed courtroom, the truck driver, his beard flecked with gray, stood up, cast his eyes downward and clutched his black baseball cap.

110 Arvida Parkway, Coral Gables, Fla.

Housing Market Expected to Climb to All-Time High

By Carla Vianna |

The U.S. housing market has hit a new high.

Condo Terminations Expected to Rise as Developers Look to Older Buildings

By Carla Vianna |

Real estate attorneys expect condo terminations to rise as developers scour the Florida coast for new opportunity, despite a changing legal landscape that has made the termination process more complex.

Scott Tye, left, and Robert Granda, right.

Franklin Street Duo Helps Sell Miami Office Property

By Carla Vianna |

A Franklin Street duo represented both buyer and seller of an office property in Miami's Kendall neighborhood.

The office tower at 1601 Washington Ave. in Miami Beach traded for $80 million.

With 2017 Approaching, South Florida's Real Estate Market Is Still Kicking

By Carla Vianna |

A number of commercial real estate transactions have flown into the South Florida market over the last several days.

Kluger Kaplan’s Abbey Kaplan, left, and Marko Cerenko, right.

In Contentious Fight, Court Rules Miami Juice Bar Can Stay

By Carla Vianna |

A healthy juice shop in Sunny Isles Beach prevailed in a legal dispute that could've resulted in the shop's eviction.

Charles Penan and Howard Taft

Aztec Team Secures Loan for Office Space Planned in Aventura

By Carla Vianna |

Aztec Group Inc. secured a $20 million construction loan for a new office tower in Aventura.

A Topgolf venue in Tampa.

Topgolf Bringing Tech-Driven Complex to Miami Gardens

By Carla Vianna |

A 65,000-square-foot interactive golf entertainment venue will open near the Golden Glades interchange next year.

Latin musician Prince Royce is selling his swanky Coral Gables pad, a four-bedroom house that comes fully equipped with a soundproof recording studio, for just under $3 million. The modern home features a billiards room with a gold bar, a two-level closet, automated gates, pool, spa and outdoor kitchen.

South Florida Homes Get Less Affordable

By Carla Vianna |

The region's climbing home prices are widely outpacing wage growth.

See How Miami has Grown since 1984 in This Time-Lapse Video

In this time-lapse video from Google Earth starting in 1984, see how Miami has grown by about a million people from 1.7 million in 1984 to more than 2.6 million today.

November Single-Family Miami Sales Best in Seven Years

By Carla Vianna |

Buyers of single-family homes got busy in November with the presidential election decided and interest rates heading up.

Left to right: Fred Karlinsky and Mathew Hoffman, Greenberg Traurig

Greenberg Attorneys Navigate Insurance Purchase, Move

By Carla Vianna |

A Greenberg Traurig team guides the $15.4 million stock acquisition of Ashmere Insurance Co.

Barbara J. Jordan, Miami-Dade County Commissioner.

Compromise Housing Program Approved by Miami-Dade

By Carla Vianna |

County commissioners adopted a workforce housing program to address a growing affordability crisis.

Miami Jewish Health announced a $5 million gift from philanthropist Edie Laquer (left) toward building Miami Jewish Health's EmpathiCare™ Village, a first-of-its-kind medical support residence for the diagnosis, treatment and research of Alzheimer's disease and other memory diseases. Joining Laquer from Miami Jewish Health are, from left, Churé Gladwell, vice president and chief development officer; Jay Solowsky, chairman of the board; Jeffrey P. Freimark, president and chief executive officer; and Marc Agronin, vice president for behavioral health and clinical research.

Broker Edie Laquer Gives $5 Million Gift

By Carla Vianna |

The commercial real estate superstar donates $5 million to Miami Jewish Health to build a village for people with memory-related disorders.

The Wells Fargo Center at 333 SE Second Ave. in downtown Miami.

Wells Fargo Signs $32 Million Downtown Miami Lease

By Carla Vianna |

The bank signs the largest downtown lease of the year to consolidate its Miami operations at the Wells Fargo Center.

Howard Taft

Banks Cool on Region's Residential, But Some Lenders Are Still in Play

By Carla Vianna |

Luxury residential developers are having a hard time finding construction financing in South Florida. Here's why.

Miami's Porsche Design Tower.

Porsche Condo Tower With Personal Garages Nears Completion

By Carla Vianna |

The Porsche Design Tower gets its temporary certificate of occupancy and pays off its $214 million construction loan.

Palm Beach Commercial Sales Beating 2015 Levels

By Carla Vianna |

Move over, Miami. Palm Beach County's commercial real estate is on fire.

Matt Weissing of Farmer, Jaffe, Weissing, Edwards, Fistos & Lehrman.

Class Certified for Hilton Owners Over Shared Maintenance Fees

By Carla Vianna |

Hundreds of unit owners at the Fort Lauderdale beach condo-hotel are suing the property owner for allegedly overcharging them millions of dollars.

Seven Sentenced in $36 Million Miami Low-Income Housing Fraud

By Carla Vianna |

Seven defendants are sentenced for their roles in a scheme to misuse federal tax credits for construction of 10 developments in Miami-Dade County.

Miami Community Bank Extends Loan for Daytona Hotel

By Carla Vianna |

Senior vice president Evita Francuz closes a $10 million construction loan for a hotel outside the bank's South Florida base.

CREC Stays Independent as Consolidation Rules

By Carla Vianna |

Despite a wave of consolidations, independent real estate firms still exist and thrive in South Florida.

2012-  Fort Lauderdale- Hyatt Pier 66, 2301 SE 17th St, Fort Lauderdale, FL

Waterfront Sells: Fort Lauderdale's Hyatt Pier Sixty-Six Lures in $163 Million Deal

By Carla Vianna |

The Hyatt Regency Pier Sixty-Six traded hands for $163 million to a real estate group based in Orlando.

Alex D. Zylberglait

Foreign Buyers Moving Away From Miami's Condo Scene for Commercial Real Estate

By Carla Vianna |

Marcus & Millichap's Alex Zylberglait tells us why foreign investors are ditching Miami's condo scene — and what they're buying instead.

Florida Banker Negotiates Loan Tied to Soon-to-Expire Lease

By Carla Vianna |

FirstBank Florida lends a $13.5 million loan to refinance a property tied to a soon-to-expire lease.

One Thousand Museum Nabs $225M Loan

By Carla Vianna |

One Thousand Museum — a $450 million condominium rising in downtown Miami — nabbed a $225 million construction loan with the help of two Miami lawyers.

Miami Office Landmark Sells for Over $500 Million to Zara Brand Owner

By Carla Vianna |

Spanish billionaire Amancio Ortega buys the iconic Southeast Financial Center office tower for more than $500 million — the largest deal of the year in South Florida.

Palazzo del Sol's five-bedroom residence designed by luxury firm Artefacto features a wrap-around balcony and $17.4 million price tag.

Brokers Target Potential Buyers During Art Basel

By Carla Vianna |

Luxury brokers compete for the Miami Beach Art Basel crowd's attention by targeting high-end groups with the most elite potential buyers.

	Delano Hotel South Beach

Delano Changes Hands in $805M Portfolio Deal

By Carla Vianna |

SBE Entertainment Group closes its $805 million acquisition of the Morgans Hotel Group, which includes the landmark Delano Hotel in South Beach.

Rendering of the office tower to be built in Miami's Wynwood neighborhood.

RedSky Bringing First Office Tower to Miami's Wynwood

By Carla Vianna |

The developer is ready to break ground on a low-rise tower, but brokers don't expect it to be the last for the trendy district.

Jorge Perez

Developers Split on Impact of Trump Presidency on Real Estate

By Carla Vianna |

Billionaire developers debate what a Donald Trump presidency means for the South Florida real estate economy.

YMCA Board Secretary Kurt Zimmerman from Zimmerman & Associates, Shutts partner and incoming YMCA Board Chair Jacqueline Howe, Shutts partner Brendan Barry, Shutts associate Jereme Geller, YMCA of South Florida CEO Sheryl Woods and architect Manny Synalovski of Synalovski Romanik Saye on-site at the future home of the YMCA in Fort Lauderdale.

Pro Bono Attorneys Negotiate 50-Year YMCA Lease

By Carla Vianna |

Two Shutts & Bowen attorneys help the YMCA of South Florida ink a 50-year lease deal with Fort Lauderdale for a new downtown facility.

Broker Finds Location That's Too Good to Skip

By Carla Vianna |

Eric Eisenberg helps a Miami eatery ink a $16 million lease deal for a prime retail location on South Dixie Highway.

Judge Rules for Residents in Aventura Condo Fight

By Carla Vianna |

Miami-Dade Circuit Judge Gerald Bagley finds residents have standing to challenge Prive at Island Estates, a luxury project on a neighboring island in Aventura.

Roy Abernathy, left, and Tom Capocefalo, right.

After Deal Falls Through, Savills Studley Arranges Calder Track Acreage Sale

By Carla Vianna |

The brokers guide a $26.5 million trade of a large piece of the thoroughbred track property slated for a sprawling distribution facility.

Alan Dimond of Greenberg Traurig.

Flagstone Free to Continue Watson Island Development Following Appellate Victory

By Carla Vianna |

Flagstone Property Group is free to move forward with its mixed-use project on Watson Island, but a change in Miami law may have opened a door for future legal challenges.

At $325 Per Square Foot, Lincoln Road Stays in No. 4 Spot In Retail Rent Ranking

By Carla Vianna |

Stagnant rental rates on Miami Beach's Lincoln Road point to increased pressures faced by retailers.

Cruise Travel Agency Betting on Brick and Mortar

By Carla Vianna |

A Canadian franchise focused on cruise travel is expanding its Florida footprint.

Vizcayne condo tower, at 253 NE 2nd St.

More Litigation in Store for Vizcayne Condos

By Samantha Joseph |

Two massive construction defect suits are brewing over luxury high-rise towers in downtown Miami.

Cozen O'Connor Doubles Office Size After Acquisition

By Carla Vianna |

Cozen O'Connor has inked a lease expansion at the Southeast Financial Center following its acquisition of Feldman Gale in Miami.

Michael Lohman and Michael Lapointe with NGKF.

Newmark Grubb Team Closes $13.5M Deal in Cooper City

By Carla Vianna |

Newmark Grubb Knight Frank team guides a $13.5 million retail deal in Broward County.

Glen Waldman, Heller Waldman, Coconut Grove

Fiercely Fought Condo Fight Postponed Until Next Spring

By Carla Vianna |

The next step in a three-year dispute facing Prive at Island Estates: The defendants will argue the issue of standing against residents trying to halt the project.

Suburban Miami Farm Owner Appeals Road Maintenance Order

By Carla Vianna |

A landowner is appealing a Miami-Dade County decision requiring maintenance of a public roadway that has been neglected for decades.

7000 NW 32nd Ave., Miami.

Miami Industrial Deals Add Up

By Carla Vianna |

Miami's industrial sector generated two top-dollar deals in a week.

Miami Voters Authorize Lawsuits Against City

By Carla Vianna |

Responding to dismissed lawsuits, voters approve a charter amendment to give residents the power to confront the city in court.