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Top stories
Top stories yesterday on The Real Deal: 1. Jailed Osorio sells Aventura condo for $1.2M 2. Developer gets OK for $125M Hollywood project 3. Qatar firm acquires St. Regis Bal Harbour
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Turnberry resolves lawsuit over $12M loan
Jeffrey Soffer Jeffrey Soffer’s Turnberry Associates has resolved a lawsuit involving a Doral property located outside of Miami-Dade County’s Urban Development Boundary. Turnberry Doral Development had...
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Rick Scott blasts flood insurance increases
Gov. Rick Scott Florida Gov. Rick Scott paid a visit to Worth Avenue in Palm Beach Thursday to rail against rate increases in the National Flood Insurance Program. Not long after portions of nearby...
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Ft. Lauderdale retail sale sets pricing record
Waverly at Las Olas A downtown Fort Lauderdale retail property sold for a record per square foot price. Miami investor Waverly 1 and 2 paid $9.2 million for the 100 North Federal Highway retail...
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St. Regis buyer gets $120M in financing
St. Regis Bal Harbour Resort The Qatar firm that acquired the St. Regis Bal Harbour Resort has obtained $120 million in financing for its investment, The Real Deal has learned. Seldar Miami Holding...
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TRD announces Spring 2014 South Florida Market Report
The Real Deal is gearing up to launch the Spring 2014 issue of the South Florida Market Report. Distributed in TRD‘s April issue, the report will include a look at the booming development market...
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Former NFL quarterback sells Lauderdale home
Danny Kanell and 4631 Northeast 25th Avenue Former New York Giants quarterback Danny Kanell has sold his Fort Lauderdale residence for $1.2 million, The Real Deal has learned. Kanell, a Fort Lauderdale...
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Louis Vuitton CEO buys Miami Beach home
Allison Island and Michael Burke Michael Burke, CEO of luxury fashion brand Louis Vuitton, purchased a home for $11.7 million on Allison Island in Miami Beach this week. The one-acre island property...
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Miami apartment complex gets $24M loan, Crandon Park lawsuit gets thrown out...
Crandon Park and One Thousand Museum rendering 1. Miami apartment complex gets $24M loan [South Florida Business Journal] 2. Crandon Park lawsuit gets thrown out by judge [Miami Herald] 3. MLB team...
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Wal-Mart acquires Midtown Miami site for $8M
3055 North Miami Avenue in Miami Two months after Miami officials approved Wal-Mart’s plans for a Midtown store, the Arkansas-based corporation paid $8.2 million for the site. Ohio-based DDR Miami...
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Bay Harbor Islands council OKs Monarch Hotel plan
From left: Kelly Reid and the former Indigo Bay site The Bay Harbor Islands Town Council signed off on the Monarch Hotel project. The 96-unit, six-story hotel at 9540-9550 West Bay Harbor Drive will...
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Palm Beach County’s home sales find footing
Barbara Kozlow Home sales in Palm Beach County were not as strong last month as they were earlier in 2013. But December’s sales were still a league ahead of numbers from that month the previous year,...
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Today’s priciest listing: $15M
11596 Turtle Beach Road in North Palm Beach Today’s priciest new listing is a seven-bedroom, 10-bathroom single-family home asking $15 million. The 9,684-square-feet home is located at 11596 Turtle...
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Top stories
Top stories over the weekend on The Real Deal: 1. Louis Vuitton CEO buys Miami Beach home 2. St. Regis buyer gets $120M in financing 3. Jailed Osorio sells Aventura condo for $1.2M
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Coral Gables office building sells for $25.5M
The Building on Ponce Circle The Building on Ponce Circle in Coral Gables has traded for $25.5 million, The Real Deal has learned. Ponce Cat, a company managed by Mas Group of Companies, sold the 2990...
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Port Everglades to open rail system in July
Port Everglades The $73 million Port Everglades rail project is getting close to completion. A public-private partnership between the seaport, state and developer Florida East Coast Railway, the...
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PB County judges blast banks over stall tactics
Foreclosure judges in Palm Beach County blasted banks during Friday’s discussion on the state of the foreclosure court in West Palm Beach. Facing criticism for moving foreclosure cases rapidly through...
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Family hotel group finishing $12M SoBe project
Croydon Arms building and Alan Lieberman The family-run South Beach Group has amassed a portfolio of 12 hotels totaling nearly 1,000 rooms in Miami Beach and Hollywood. Led by father and son duo Alan...
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Sabadell United signs new Miami Beach lease
1501 Alton Road Sabadell United Bank has signed a lease to take over a former Blockbuster store in Miami Beach. The Miami-based subsidiary of Spanish banking giant Banco de Sabadell finalized a...
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Developer hopes to expand boom to Little Havana
Peter Torres and rendering of InTown in Little Havana The Astor Cos. is hoping to lure young professionals priced out of trendier locales to Little Havana, a Miami neighborhood where other developers...
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