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Miami Beach church property could be developed

Miami Beach Community Church The board of the Miami Beach Community Church could generate $100 million by leasing some of its historic property to a developer. Tristar Capital wants to construct a...

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Tristar buys Lincoln Road retail building for $30M

530 Lincoln Road and David Edelstein A prime Lincoln Road retail building has been acquired for more than $30 million by a company tied to David Edelstein’s Tristar Capital, The Real Deal has learned....

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PB Board of Realtors exec VP retires

Sherye Sales (Photo source: Palm Beach Daily News) Sherye Sayles, executive vice president of the Palm Beach Board of Realtors, is retiring after 26 years with the organization. Sayles helped the board...

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Lauderdale senior housing project receives loan

Village Place rendering The developer of a federally subsidized senior housing community in the Flagler Village neighborhood of Fort Lauderdale has obtained a $39 million financing package led by U.S....

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MLB takes another shot at Hialeah youth academy

Amelia Earhart Park in Hialeah Major League Baseball is taking a third crack at building a youth academy in Hialeah. The league and Miami-Dade County officials are discussing a potential academy...

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TRD SoFla’s most-read web stories of 2013

From left: Residences at EDITION penthouse rendering; 17100 block of Collins Avenue and the Versace Mansion In the South Florida real estate news world, nothing moves the needle quite like condos. From...

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Swerdlow’s Shoppes at Civica to break ground next month

Rendering of the Shoppes at Civica at 1050 Northwest 14th Street Less than a week after securing $30 million in financing, Miami developer Michael Swerdlow announced plans to break ground in January on...

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Palm Beach’s historic El Castillo asks $26.4M

4 El Bravo Way in Palm Beach From the New York site: Palm Beach’s historic and turreted El Castillo has hit the market asking $26.4 million. Towering five stories above its neighbors to provide...

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Claridge Hotel joining Faena District after $14M buy

Faena District rendering and 3500 Claridge Avenue in Miami Alan Faena, the developer best known for the Saxony Hotel’s $550 million makeover, has been revealed as the buyer of the historic Claridge...

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Today’s priciest listing: $10.9M

8950 Arvida Drive in Coral Gables Today’s priciest new listing is a six-bedroom, nine-bathroom single-family home asking $10.9 million. The 13,509-square-feet home is located at 8950 Arvida Drive in...

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Top stories

Top stories yesterday on The Real Deal: 1. Soffers buy out Fontainebleau partner after refi 2. Tristar buys Lincoln Road building for $30M 3. Venezuelans increase Miami real estate searches

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Fort Capital buys Surf Club Apartments for $36M

Surf Club Apartments Fort Capital Management has acquired the Surf Club Apartments next to the Surf Club it owns in Surfside for $36 million. The Miami company plans to tear down the building, a...

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SoFla residential values rise $84B in 2013

For owners of South Florida homes, 2013 has been a year to remember. Single-family and condo values in the tri-county area of South Florida are expected to surge by nearly $84 billion when the year...

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Chapel-to-condo developer willing to cut units

Al Adelson and Chapel By the Lake (Credit: Flickr) The developer proposing a condo project at the waterfront Chapel-by-the-Lake site in West Palm Beach is set to present plans with fewer units. Revised...

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Coral Springs office building sells for $12.6M

Preferred Exchange Tower A San Francisco investor has acquired the Preferred Exchange Tower in Coral Springs for $12.6 million, a steep discount from the 2005 price paid for the office tower, The Real...

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Greystone plans Coral Gables apartment project

Preliminary design of The Mile apartment building Greystone Property Development is making an initial foray into the Miami multifamily market with a planned project near Miracle Mile in Coral Gables....

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Berkowitz obtains $45M refi for shopping center

Kendallgate Shopping Center Berkowitz Development Group has obtained a $45 million refinancing from PNC Bank for its Kendallgate Shopping Center in Miami-Dade County’s West Kendall neighborhood. The...

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Most expensive SoFla residential sales of 2013

From left: Howard Stern, 1220 South Ocean Boulevard (top), 42 La Gorce Circle (bottom) and Tony Robbins From Miami Beach to Palm Beach, high-end homes changed hands at a brisk pace throughout 2013. A...

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CBRE vet Rick Miller exits after 11 years

Rick Miller CBRE veteran real estate leasing agent Rick Miller has resigned after 11 years, with plans to join an undisclosed smaller, “more nimble” operation. Miller was part of the brokerage services...

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Proposed inland port would allow for soccer site at PortMiami

PortMiami and David Beckham As Miami-Dade County prepares to begin negotiations over a Major League Soccer franchise location, County Commissioner Jose Diaz announced a potential alternative for...

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