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Versace manse owners considering retail conversion
Casa Casuarina and pictured from left: Jill Eber, Joe Nakash and associate Eli Gendi Jordache Enterprises mogul Joe Nakash is considering a plan to convert the former Versace mansion, which it acquired...
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Buying a home cheaper than renting in S. Florida
Jed Kolko Even as homes gallop towards the last cycle’s peak prices, it remains cheaper to buy than rent in South Florida, but the gap is narrowing, according to real estate website Trulia.com. On a...
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Sunrise industrial park lands sublessee for 179K sf space
251 International Parkway and Tom O’Loughlin An online retailer of sports memorabilia snagged almost 179,000 square feet at Sawgrass International Corporate Park in Sunrise – one of the biggest leases...
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Get ready for big tax reform proposals this fall
From the New York issue: While Congress was off on its annual summer recess, you might have assumed that nothing was happening on Capitol Hill that could affect the taxes Americans pay on their homes....
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Today’s priciest listing: $4.2M
1000 S. Pointe Dr., Miami Beach Today’s priciest new listing is a three-bedroom, three-bathroom condo asking $4.199 million. The 2,618-square-feet home is located at 1000 S. Pointe Dr., unit number...
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Top stories
1. Versace manse owners considering retail conversion 2. A-Rod pays $2.1M for Asia-inspired condo 3. Downtown Miami too hot for a Heat guard?
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Porsche Design Tower lands $214M construction loan
The Porsche Design Tower, a 132-unit, 60-story condo with a robotic car elevator, landed a $214 million construction loan from Wells Fargo, the biggest loan for a new condo in South Florida’s...
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Despite 2016 completion date, SLS Brickell nearly sold out
SLS Brickell ad The SLS Brickell condo and hotel is years away from opening, but that hasn’t put off buyers. Except for a handful of penthouses, the 450-unit project, a $300 million venture between the...
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Hotels’ latest luxe amenity: electric car plug-ins
South Florida hotels are hoping to lure more eco-conscious guests by offering charging stations for electric and hybrid cars. The PGA National Resort & Spa in Palm Beach Gardens is installing...
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Taylor & Mathis tapped to lease Douglas Centre
John O’Neil Orlando-based private investment group Demeetree Real Estate Services, Inc. tapped the Miami office of Taylor & Mathis to help fill Douglas Centre, a 198,000-square-foot office building...
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Argentine investors buy Art Deco Berkeley Shore Hotel
Berkeley Shore Hotel Argentine investors Jorge Savloff and Marcelo Tenenbaum acquired the Art Deco Berkeley Shore Hotel in South Beach for an undisclosed sum described as “very close” to the asking...
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Larry Bird lists Naples house for $4.8M
308 Neapolitan Way in Naples (Inset: Larry Bird circa 1978) Basketball icon Larry Bird is asking $4.8 million for his winter home in the Park Shore section of Naples. He and his wife Dinah bought the...
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Hallandale Beach park developers propose 5-acre expansion
Gulfstream Park Racing & Casino An 11-story bronze Pegasus statue could be the symbol of a sea change at the Village at Gulfstream in Hallandale Beach. Pegasus Florida and the Gulfstream Park...
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Today’s priciest listing: $6.9M
Murano Grande at Portofino, 400 Alton Road in Miami Beach Today’s priciest new listing is a 3,990-square-foot condo at Murano Grande at Portofino asking $6.9 million. The three-bedroom, 3.5-bathroom...
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Top stories
Top stories yesterday on The Real Deal: 1. Versace manse could become another Apple store 2. Porsche Design Tower lands $214M building loan 3. Argentine investors buy Art Deco Berkeley Shore Hotel
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Argentine collector’s museum-condo meld
From left, renderings of Baltus House and Oceana Bal Harbour In yet another sign that boom-time development is back, developers are acquiring pricey pieces of modern art to adorn the lobbies of luxury...
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FHA will need taxpayer help for first time in history
Jeb Hensarling For the first time in its nearly 80-year history, the Federal Housing Administration will need a taxpayer subsidy, after it failed to make up for losses on loans it backed during the...
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Bellini developer pays off loan with condo sales
Bellini Williams Island Sales have been good at Bellini Williams Island, poised to be among the first condo tower developments in South Florida’s post-collapse real estate recovery. Developer and art...
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Real estate roller coaster in 20 U.S. cities
S&P/Case-Shiller Index, credit The New York Times Miami is below the S&P/Case-Shiller index of 20 U.S. cities’ average appreciation over a decade, with the average home in July worth 11 percent...
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Foreclosure bill critic to headline public debate
A real estate attorney and outspoken critic of Florida’s foreclosure legislation will take his Internet-based crusade to a meeting with Broward County circuit court judges. Roy Oppenheim battled the...
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