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Four liens stacked against former U.S. Rep. West

Allen West Former U.S. Representative and Tea Party favorite Allen West is battling his Broward County homeowners association, who filed a lawsuit in July to have his house sold on the courthouse...

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Gloria Estefan imagines a floating drive-in

Miami Marine Stadium and Gloria Estefan Gloria Estefan, among South Florida’s most prominent residents, envisions a drive-in movie theater for boats at the restored Miami Marine Stadium. Once a top...

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Florida borrowers eligible for mortgage a year after foreclosure

Florida borrowers can receive a home loan only one year after a foreclosure, thanks to a state rule change announced last week. Previously, the wait time was three years for a short sale and...

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Rory McIlroy buys Palm Beach parcel for $2.3M

Palm Beach Gardens home of Rory McIlroy Golf pro Rory McIlroy is spending some green to pick up more turf in Palm Beach Gardens. He paid $2.25 million for a vacant parcel, bringing his spending total...

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Today’s priciest listing: $3.3M

799 Crandon Boulevard in Key Biscayne Today’s priciest new listing is a three-bedroom, four-bathroom condo at Ocean Tower I asking $3.3 million. The 3,011-square-feet home is located at 799 Crandon...

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Top stories

Top stories yesterday on The Real Deal: 1. Veterans of Miami’s crash try their luck once again 2. Ugo Colombo and team propose Beach House 8 3. Developers find rentals an alluring proposition

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South Florida disaster brims in Lake Okeechobee

Lake Okeechobee Lake Okeechobee is South Florida’s environmental white elephant. The fast-growing population was built on the very premise of reverse engineering spillover away from the Everglades....

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$10.5M in taxes offered up for film studio

Omni Metromover station Coconut Grove’s convention center received its burn notice when the USA Networks TV shoot had its final wrap, so an Omni district redevelopment agency is accepting bids to...

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Miami grand jury indicts alleged fraud investor

Sergei Federov Sergei Federov’s financial manager, accused of swindling the former Red Wings hockey player out of $43 million, was indicted by a federal grand jury in Miami this week on charges he...

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Property Markets Group pays $30M for oceanfront site

The 17100 block of Collins Ave. UPDATED, 5:00 p.m., Sept. 10: Property Markets Group paid $30 million for less than an acre of oceanfront in Sunny Isles Beach as the New York City-based developer...

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Broker breaks price ceiling from African orphanage

Light While volunteering in Kenya, a broker’s listing at the W netted a buyer in record time, at a record price and at an increasingly busy address. Michael Light, a Keller Williams broker based in...

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Brazilians top visitors to Miami listings site

Sao Paulo, Brazil Brazilians are the largest group of foreign prospective land buyers in Miami, according to data on web visitors from the Miami Association of Realtors’ site. Even among non-foreign...

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Big U.S. banks sound alarm on declining mortgage profits

JPMorgan’s Jamie Dimon From the New York site: Banks are giving investors a heads up that home-loan profits will fall. JPMorgan Chase expects to lose money on its mortgage-origination business for the...

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Today’s priciest listing: $8.8M

Jade Ocean, 17121 Collins Avenue in Sunny Isles Beach Today’s priciest new listing is a five-bedroom, six-bathroom condo at Jade Ocean asking $8.8 million. The 3,866-square-feet home is located at...

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Peebles’ Bath Club 2 passes historic preservation review

From left, R. Donahue Peebles and the Bath Club, developed in 2005 The nascent Bath Club Estates, a 13-unit condo tower designed by Arquitectonica, passed the Miami Beach’s historic preservation board...

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Top stories

Top stories yesterday on The Real Deal: 1. Property Markets Group pays $30M for oceanfront site 2. Veterans of Miami’s crash try their luck once again 3. Florida borrowers eligible for mortgage a year...

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Miami-Dade new home sales far below ’04 levels

Even as sales of existing homes near the 2004 peak, new home sales are far more sluggish, according to Miami-Dade Realtors. Existing homes sold by Realtors are down 4 percent from 2004, but closings on...

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Moody’s downgrades Port of Miami debt

Port of Miami Credit ratings agency Moody’s Investor Services downgraded Port of Miami debt ahead of the sale of nearly $400 million in bonds to improve its cargo facilities in conjunction with the...

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Nation of Islam’s Miami mosque faces foreclosure

5600 N.W. 7th Ave., Miami The Nation of Islam’s regional headquarters building for Miami, the Caribbean and Latin America is at risk of foreclosure. Known for outspoken leader Louis Farrakhan, the...

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S. Florida home inventory rose, sales inched down

(click to enlarge) Residential inventory in South Florida rose slightly to 33,374 from 33,012 active listings for the week ending September 9, 2013. During the same period, pending sales declined to...

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