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Burkle demands Morgans sale after CEO resigns
From left: Ron Burkle and former Morgans CEO Michael Gross From the New York site: Billionaire Ron Burkle, whose Yucaipa Companies holds $230 million of shares in the Morgans Hotel Group, demanded its...
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Marina Palms names Coastal general contractor
Marina Palms rendering (inset: Tom Murphy) Developers of the Marina Palms Yacht Club & Residences, the first project of its kind in Miami-Dade County in 20 years, named Coastal Construction as its...
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Surf Club suit against Bilzin Sumberg proceeds
Surf Club at 9011 Collins Ave., Surfside A Miami-Dade circuit court judge allowed the Surf Club equity members’ legal malpractice suit to continue, but a plaintiffs attorney predicted the litigation...
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Chicago firm to build industrial facility in Dania Beach
Bridge Point Port 95 in Dania Beach A Chicago-based real estate investment firm bought a 16.5-acre lot in Dania Beach with the goal of developing an industrial complex. Bridge Development Partners is...
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Ponzi schemer to retain stake in Versace mansion
Versace mansion’s mosaic pool The owner of the Versace mansion in South Beach has reached a settlement over an investment from convicted Ponzi schemer Scott Rothstein. Rothstein’s now-bankrupt estate...
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Today’s priciest listing: $9.1M
176 Kings Road in Palm Beach Today’s priciest new listing is a five-bedroom, seven-bathroom single-family home asking $6.5 million. The 6,540-square-feet home is located at 176 Kings Road in Palm...
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Top stories
Top stories yesterday on The Real Deal: 1. Rosie O’Donnell backs out of Palm Beach buy 2. Attorney named new chief of Elliman’s Florida biz 3. Drug trade profits could be pushing up real estate
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One Direction singer shopping for Miami digs
Harry Styles Teeny bopper Harry Styles, a singer for British boy band One Direction, is shopping for a South Florida pad after spending time in the Miami area in June. Styles, 19, reportedly has his...
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Private equity firms outpace REITs in U.S. hotel market
From left: Blackstone’s Stephen Schwarzman and Starwood’s Barry Sternlicht From the New York site: Blackstone Group, Starwood Capital and Apollo Global Management are just a few of the private equity...
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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’s first post-bust condo sells 29 units
4001 N. Ocean Blvd. Palm Beach County’s first condo project since the market’s collapse in 2007 is ready for move in. In partnership with New York City-based capital management group Och-Ziff, local...
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Tampa retail lags as residential land grab heats up
South Tampa (Inset: From left, Carlos Fuentes and Brad Monroe) Overseas buyers and institutional investors are driving a homebuilding frenzy in Tampa even as other real estate sectors continue to...
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For short-sellers, some good news
From the New York site: Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and...
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Stephen Ross’ $200M Michigan gift may hurt Dolphins stadium
From left: Stephen Ross and Sun Life Stadium Related head honcho Stephen Ross’ largesse toward his alma mater University of Michigan may make it tougher for him to upgrade the Miami Dolphins stadium....
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Land trust operator scamming prosecutors by hiding properties
A police mug shot of Robert Vitale A South Florida land trust operator is deliberately misleading federal prosecutors by hiding multiple Palm Beach properties through bogus shell corporations,...
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Today’s priciest listing:$5M
Grand Bay Towers in Key Biscayne Today’s priciest listing is a condominium at Key Biscayne’s Grand Bay Tower asking $5 million. The 3,950-square-foot apartment has four bedrooms and five bathrooms and...
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Top stories
Top stories over the weekend on The Real Deal: 1. Rosie O’Donnell backs out of Palm Beach buy 2. Drug trade profits could be pushing up real estate 3. One Direction singer shopping for Miami digs
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Veterans of Miami’s crash try their luck once again
South Florida had better hope the lessons learned from the last condo boom-and-bust cycle that devastated values, destroyed developer reputations, and damaged lenders’ balance sheets will be...
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Ugo Colombo and team propose Beach House 8
Ugo Colombo Miami condo developer Ugo Colombo and partners are planning a new condo project on an oceanfront site in Miami Beach, the latest of the old-guard developers to test the strength of the...
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Developers find rentals an alluring proposition
Melo Group’s Skyview South Florida’s new condo market is built with renters in mind. After the loss of thousands of rentals to condo conversion during the last real estate boom, and resurgent market...
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