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Jumbo home loans set to play bigger role for U.S. buyers
Should you be concerned that the maximum loan amount you’ll be able to obtain through the biggest players in the mortgage industry — Fannie Mae and Freddie Mac — might be cut sometime next spring? You...
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Worldwide gets listing for Michael Jackson’s Vegas estate
Eddy Martinez and Michael Jackson’s former Las Vegas estate Miami-based brokerage Worldwide Properties owner Eddy Martinez went west to nab the listing for a $19.5 million trophy property in Las Vegas...
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BAC Florida Bank reports $20M in Q3 home loans
169 Miracle Mile in Coral Gables Riding the wave of market recovery, Coral Gables-based BAC Florida Bank, the namesake of the BAC Colonnade, produced $20 million in home loans in the third quarter, a...
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Matt Drudge unloads Rivo Alto home for $1.6M
Matt Drudge and Rivo Alto Drudge Report owner and conservative blogger Matt Drudge bid farewell to his 2,609-square-foot Mediterranean-style house off the Venetian Causeway on the man-made Rivo Alto...
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Today’s priciest listing: $27M
9 Harbor Point in Key Biscayne Today’s priciest new listing is an eight-bedroom, eight-bathroom single-family home asking $27 million.The 10,993-square-feet Cesar Molina-designed home is located at 9...
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Top stories
Top stories over the weekend on The Real Deal: 1. Dezer, Related team up for Armani condos in Sunny Isles Beach 2. Sales in PB’s estate section on fire, jack up prices 3. Worldwide gets listing for...
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Convention center redev to dominate Miami Beach election
Miami Beach convention center rendering and Dan Tishman Miami Beach voters are set to shape the future course of the city’s convention center during tomorrow’s elections. The mayoral post and two city...
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Melo gets $22M loan for Miami’s 26 Plaza tower
Martin Melo, Jose Luis Melo and Carlos Melo (via World Property Channel) Melo Group, the family-run development firm, has received $22 million in fresh financing for one of several residential projects...
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Braman nabs $37.5M loan for Miami showroom
Norman Braman Miami auto mogul and activist Norman Braman is poised to expand his headquarters in the city after getting $37.5 million in financing. Braman Motors received the Bank of America loan on...
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Developers bet on ‘starchitects’ to stand out
Peter Zalewski With 174 condo towers proposed across South Florida, developers are scrambling to distinguish their projects from all the others — and one of the most popular ways is “starchitecture.”...
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Sales rise, profits slip for grocery giant Publix
Publix and Ed Crenshaw Driven by “premier customer service,” Lakeland-based supermarket chain Publix posted $7 billion in sales during the third quarter. That represents a 5.6 percent year-over-year...
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Three tenants renew leases at Florida’s tallest office tower
200 South Biscayne Blvd. Porsche Latin America and two other Southeast Financial Center tenants have signed lease renewals totaling nearly 30,000 square feet, according to city property records filed...
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Developer aims to restore historic Miami district
Avra Jain and Miami Modern district (via Flickr) Longtime Miami developer Avra Jain is forging ahead with a plan to revive the historic Miami Modern district on Biscayne Boulevard. Jain hopes next...
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Fort Lauderdale business park sells for $38M
500 Northwest 62nd Street The Pinnacle Corporate Park in Fort Lauderdale has changed hands for $38.1 million. Milwaukee-based Northwestern Mutual Real Estate Investments sold the 500-550 Northwest 62nd...
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Today’s priciest listing: $29.5M
2920 North Bay Road in Miami Beach Today’s priciest new listing is a six-bedroom, six-bathroom single-family home asking $29.5 million. The 9,815-square-feet home is located at 2920 North Bay Road in...
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Top stories
Top stories yesterday on The Real Deal: 1. Developer aims to restore historic Miami district 2. Melo gets $22M loan for Miami’s 26 Plaza tower 3. Sales in PB’s estate section on fire, jack up prices
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New bond could fuel South Florida housing market
Stephen Schwarzman South Florida’s rising residential market could be further stimulated by a new bond funded by rental revenue from foreclosed properties. New York-based private equity giant...
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Miami developer to turn ex-health center into retail, offices
Caroline Camus A foreclosure case against nonprofit Helen B. Bentley Family Health Center was resolved through the $5.7 million sale of its former Miami headquarters to a developer who has plans for a...
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Jackson expansion, Coconut Grove project on lengthy ballot
From left: Renderings of Shula’s Steak House and Oceano, and Jackson Memorial Hospital Miami-Dade County and Miami voters face several key ballot questions today, including the potential expansion of...
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Hyatt South Beach developer gets $29M loan
Rendering of Hyatt South Beach at 1600 Collins Avenue The developer of the Hyatt South Beach has obtained nearly $29 million in construction financing for the 105-room hotel. A company managed by...
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