Real Estate
Gansevoort Hotel price tag topped $100 million
The $100.27 million deed was recorded after Starwood Capital Group, the LeFrak Organization and Invesco announced their acquisition of the property, which has been renamed The Perry South Beach.
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Latest Real Estate News
Simon Property raises dividend after FFO increases 
Simon Property Group, the largest U.S. shopping-mall owner, increased its quarterly dividend 5.6 percent.
Developer's fee deal threatens reorganization
Terra Group's effort to acquire 120 acres in Doral — by subsidizing a landowner's Chapter 11 reorganization plan — is facing growing challenges.
Rate on 30-year mortgage falls to record 3.87%
Mortgage buyer Freddie Mac said the average rate fell to a record low for the ninth time in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Genting hires firm to oversee hiring for Miami project
Resorts World Miami named Vailon Group to set employment goals, monitor hiring practices, create a community benefits plan, and ensure compliance with municipal and state staffing requirements.
Industrial buildings in Doral sell for $19 million
Charisma Investment, a Delaware corporation managed by Boston-based Clarion Partners, sold buildings in Americas Gateway Park to a Delaware corporation managed by Boston-based TA Associates Realty.
Construction spending climbs by most in four months
Construction spending in the U.S. reflected broad-based gains that signal the industry is stabilizing.
Mortgage applications fall for second straight week
Mortgage applications in the U.S. were dragged down by fewer purchases and refinancing.
Tennis star Anna Kournikova sells Miami Beach residence for $7.43 million
Former tennis sensation Anna Kournikova has sold her waterfront Miami Beach home for $7.43 million, according to Miami-Dade County records. The Russia-born celebrity, 30, had owned the Sunset Islands property since 2000.
House panel kills bill to move foreclosure notices to web
A House panel killed a bill that could have led to foreclosure notices disappearing from newspapers and going to Internet sites.
Dealmakers
Principal works $15 million, 11-year lease for sugar firm
Casal Group principal Ernesto Casal helped Miami sugar firm Banah International Group, which specializes in the production and distribution of natural sugar products, find and sign a lease for its new headquarters at a 302,000-square-foot facility in Hialeah.
On Real Estate
$17 million loan granted to West Palm Beach apartment complex owner
The owner of a 316-unit apartment complex on 12.67 acres in West Palm Beach obtained the loan from Torchlight Debt Opportunity Fund II LLC
SPECIAL REPORTS
Real Estate Biggest Deals 2011
Daily Business Review
It's good to be king. That, in a nutshell, describes the last year in South Florida's commercial real estate market as high-profile and desirable properties went for prices that were reminiscent of the boom days of a few years back.
Commercial Real Estate Annual 2011
Daily Business Review
Like dedicated surfers surfacing after a bad wipe out, commercial real estate buyers, sellers and developers are climbing back on their boards - and looking to catch the next wave.
Industrial Guide 2011
Daily Business Review
The industrial market shows some signs of recovery as two high-profile transactions are early signs the South Florida's industrial market is reviving, but the region's landlords are still being pressed to hand out concessions to lure tenants.
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