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Don’t panic until U.S. mortgage rates hit 5 percent: VIDEO
From the New York site: Rising mortgage rates are no reason to panic. So said Jonathan Miller, president and CEO of appraisal firm Miller Samuel, in a Bloomberg TV appearance. “The whole idea of rising...
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Today’s priciest listing: $5.2M
1249 Biscaya Drive in Surfside Today’s priciest new listing is a five-bedroom, four-bathroom single-family home asking $5.2 million. The 6,916-square-feet home is located at 1249 Biscaya Drive in...
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Top stories
Top stories yesterday on The Real Deal: 1. Oui, Oui: French are invading SoFla market 2. Mysterious offshore trust buys Fisher Island debt 3. Swire awards $520M Brickell CityCentre contract to two firms
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Alan Jackson unloads Jupiter Island manse for $10.45M
617 South Beach Road, Jupiter Island (inset: Alan Jackson) County music star Alan Jackson sold his beachfront mansion in Jupiter Island for $10.45 million, $5 million less than the original listing...
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Related, Hong Kong-based Swire share top billing in Brickell
Brickell (inset: from left, Jorge Pérez and Steve Owen) Related Group is back in the thick of shaping Miami’s Brickell Avenue, putting up luxury condo homes not far from where Hong Kong-based Swire...
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Grove convention center demolition underway
Coconut Grove Convention Center (inset: archived newspaper headline) Even as a “Burn Notice” fire sale raged inside the Coconut Grove Convention Center, the USA Networks’ filming headquarters, the city...
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Florida leads nation in cash-only home sales
Florida led the nation last month with what RealtyTrac spokesman Daren Blomquist called an “astounding” rate of all-cash home sales: 66 percent. Institutional investors, foreign buyers, landlords and...
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Fortune breaks ground on Jade Signature, 4th Jade tower
Jade Signature rendering Construction teams began digging the underground parking garage for Fortune’s 192-unit Jade Signature project in Sunny Isles Beach. Fortune chief executive Edgardo Defortuna...
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Number of underwater mortgages declines in Palm Beach, Broward counties
Underwater loans have declined As home prices inch higher, the number of underwater borrowers in Broward and Palm Beach counties is slowly ebbing. A third of Broward homes with an outstanding loan are...
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LaSalle buys three Key West hotels for $184M
La Mer Hotel in Key West LaSalle Hotel Properties acquired a trio of Florida hotels for $184.5 million, which Highgate Hotels will operate. The Southernmost Hotel Collection, as the group of assets is...
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Today’s priciest listing: $3.5M
Ocean Three in Sunny Isles Beach Today’s priciest new listing is a three-bedroom, 4.5-bathroom condo at Ocean Three asking $3.485 million. The 3,945-square-feet home is located at 18911 Collins Avenue,...
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Top stories
Top stories yesterday on The Real Deal: 1. Oui, Oui: French are invading SoFla market 2. Swire awards $520M Brickell CityCentre contract to two firms 3. Related, Hong Kong-based Swire share top billing...
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Florida banks boost lending by billions, but home loans decline
Florida banks increased lending by $2.6 billion in the second quarter of 2013, far outpacing average national loan growth in the period, and auguring further economic recovery in the state. And over...
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$225M Pembroke resort buy is largest multifamily transaction in Florida this...
A unit at the Resort at Pembroke Pines The Carroll Organization bought a relatively run-down resort community in the largest multifamily transaction in Florida so far this year, at $225 million....
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Stephen Ross’ Dolphins sell BankUnited naming rights to seats
Stephen Ross Stephen Ross’ Miami Dolphins have sold the lucrative naming rights to their club level seats to BankUnited. As of Thursday, the 10,000-seat stretch of premium seating with prime views of...
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Money laundering abundant in South Florida real estate: VIDEO
The South Florida real estate market is rife with incidents of money laundering, with criminals like drug traffickers using ill-gotten gains to purchase condominiums in Miami and other markets. Though...
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TRD announces Fall 2013 South Florida Market Report
The Real Deal is gearing up to launch the Fall 2013 issue of the South Florida Market Report. Distributed in TRD‘s October issue, the report will include rankings of the top residential brokerages in...
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Palm Beach County targets NY tourists
PGA National Resort and Spa, 400 Avenue of the Champions in Palm Beach Gardens Palm Beach County joined forces with JetBlue Airways to boost tourism from New Yorkers. More than a million New York-area...
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Today’s priciest listing: $7.7 million
800 South Pointe Drive in Miami Beach Today’s priciest listing is a waterfront condominium in Miami Beach asking $7.7 million. The 2,756-square-foot condo has three bedrooms and three bathrooms and is...
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Top stories
Top stories over the weekend on The Real Deal: 1. Money laundering abundant in South Florida real estate: VIDEO 2. Oui, Oui: French are invading SoFla market 3. Mysterious offshore trust buys Fisher...
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