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Two SoFla self-storage facilities sell for $54M
1401 Mercer Avenue A publicly traded company has acquired two South Florida self-storage facilities for $54 million. Sovran Self Storage picked up properties in Fort Lauderdale and West Palm Beach,...
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Underwater mortgages still rampant in SoFla
Home prices are rising and foreclosure filings are dropping, but South Florida still has plenty of homeowners who are underwater on their mortgages. The latest report from Irvine, Calif.-based...
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Worth Avenue retail buildings sell for $146M
Neiman Marcus building on Worth Avenue A New York investor has acquired two Worth Avenue retail buildings in Palm Beach for $146 million. One of the buildings sold to O’Connor Capital Partners is...
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Judge denies Trump’s attempt to dismiss lawsuit
Trump International Hotel & Tower and Donald Trump The Broward Circuit Court lawsuit against celebrity developer Donald Trump is moving forward. Broward Circuit Judge Jeffrey Streitfeld rejected...
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PB commission delays golf course project vote
Mizner Trail Golf Club entrance At the developer’s request, Palm Beach County commissioners delayed voting on the proposed redevelopment of the former Mizner Trail golf course near Boca Raton until...
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Final Renzi parcel set for bankruptcy auction
Renzo Renzi and John Crotty Renzo Renzi amassed a vast portfolio during the last real estate boom, but rampant overleveraging resulted in a flurry of foreclosure and bankruptcy filings after the market...
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Related gets $15.5M loan for Baltus House, Miami approves settlement that...
Baltus House rendering and Clinton Portis 1. Related gets $15.5M loan for Baltus House [South Florida Business Journal] 2. Miami approves settlement that could water down homeless rights [Miami Herald]...
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Ex-Dolphin Joey Porter’s mansion slated for auction
Joey Porter and 16900 Stratford Court in Southwest Ranches Former Miami Dolphins linebacker Joey Porter’s house in Southwest Ranches is headed to a foreclosure auction on Feb. 26. The...
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HFZ Capital seeks to “re-imagine” Shore Club
Ziel Feldman and Shore Club at 1901 Collins Avenue The Shore Club’s new owner, New York-based development and investment firm HFZ Capital Group, plans to extensively ramp up the luxury offerings of the...
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Hotel, assisted living planned for Aventura’s Town Square
Rendering of the failed City Park project Integral Investments has plans for a mixed-use development called Town Square on a seven-acre parcel in Aventura. The developer acquired the land at 2900...
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Today’s priciest listing: $14M
Today’s priciest new listing is a five-bedroom, five-bathroom single-family home asking $14 million. The 9,329-square-feet home is located at 372 Regatta Drive in Jupiter. It features a custom wood...
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Top stories
Top stories over the weekend on The Real Deal: 1. Faena House, Saxony Hotel get $300M refi 2. Final Renzi parcel set for bankruptcy auction 3. Genting scales back Resorts World Miami plan
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Widow refiles $100M lawsuit against Soffer
Jeffrey Soffer A $100 million wrongful death lawsuit against billionaire developer Jeffrey Soffer has been refiled in Miami-Dade Circuit Court. The widow of Soffer’s friend Lance Valdez filed an...
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New MB mayor wants convention plan scrapped
Miami Beach Convention Center rendering Miami Beach Mayor-elect Philip Levine is calling for the planned redevelopment of the city’s convention center to be scrapped in favor of a much smaller...
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Jorge Perez buys Apogee Beach condo
Apogee Beach and Jorge Perez Jorge Perez apparently believes strongly enough in Related Group’s Apogee Beach to buy his own condo at the Hollywood building, The Real Deal has learned. The Related Group...
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David Beckham hires lobbyist for stadium push
PortMiami and David Beckham David Beckham’s investment group wants state funding for a Major League Soccer stadium in Miami and has hired a powerful lobbyist to pursue it. Miami Beckham United retained...
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Seven face charges over $50M mortgage fraud
Seven Floridians face allegations of running a $50 million mortgage fraud, according to an indictment filed in Miami. The defendants are accused of running a fraud scheme tied to mountain-view property...
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Industrial broker joins Cresa South Florida
Sky Groden Industrial broker Sky Groden has joined Cresa South Florida after nearly 20 years at Cushman & Wakefield. Groden is Cresa’s new principal of industrial advisory services, according to a...
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Palm Beach Outlet mall hiring more than 1,000, a new path to growth for...
Palm Beach Outlet rendering and Fort Lauderdale-Hollywood International Airport 1. Palm Beach Outlet mall hiring more than 1,000 [Palm Beach Post] 2. A new path to growth for Broward’s airport [Miami...
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SunTrust files suit to seize 16 acres of PB County farmland
Mahammad Qureshi Georgia-based SunTrust Bank filed a foreclosure lawsuit earlier this month in an effort to seize nearly 16 acres of farmland in Delray Beach in Palm Beach County. Investment Group Two...
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