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Regal Cinemas scores financial rescue package
Cineworld Group CEO Mooky Greidinger and Regal Cinema (Photo via Getty; Wikipedia) The owner of Regal Cinemas scored a lifeline to help the financially challenged movie theater chain stay afloat....
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French insurance CEO buys Allison Island home next door to his new mansion
Laurent Ouazana and 6505 Allison Road, Miami Beach (Twitter, Google Maps) An entity tied to a French insurance CEO paid $6.4 million for an Allison Island waterfront home next to the new mansion he...
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US home prices surged 6.6% in September
Prices increased 6.6 percent year-over-year in September (iStock) Housing prices continue to soar into the fall. Prices increased 6.6 percent year-over-year in September, according to the S&P...
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Tech giants occupy nearly 600M-sf of US real estate
Amazon’s Jeff Bezos, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg (Getty, iStock) The sluggish commercial real estate market is getting a boost from tech giants Amazon and Facebook, which have...
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Goldman Properties buys Wynwood property for discounted $5M
Goldman Properties’ Jessica Goldman Srebnick with 2501 Northwest 5th Avenue and the lot at 413 Northwest 25th Street, Miami (Getty, iStock) Goldman Properties bought a retail building and adjacent...
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Home insurance startup Hippo raises $350M
Hippo founders Assaf Wand and Eyal Navon (LinkedIn) Home insurance startup Hippo has raised $350 million from Japanese insurance giant Mitsui Sumitomo. The deal comes just four months after the online...
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Lennar spends $29M on Homestead mobile home park, plans new community
Lennar’s Stuart Miller and 28600 Southwest 132nd Avenue (Google Maps) Lennar Homes purchased a former mobile home park in Homestead for $29 million, with plans to build a new housing community....
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Mattos family pays $20M for Waterway Shoppes of Weston
Carlos Mattos and Dylan Fonseca with the Waterway Shoppes of Weston at 2210-2282 Weston Rd (Linkedin, Marcus & Millichap) The Mattos family expanded its South Florida holdings by buying a shopping...
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Mortgage requests surge ahead of Thanksgiving
(iStock) As the holiday season kicked off, buyers and homeowners got hungry for home financing. An index tracking the number of mortgage applications to purchase homes increased 4 percent last week,...
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Behind Deutsche Finance’s American buying binge
When Deutsche Finance Group looked to crack the U.S. real estate market, it set its sights on a prime Manhattan corridor. In August 2018, the German investment firm’s new U.S. subsidiary picked up the...
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Hotel height increases could be coming to Miami Beach’s Collins Avenue near...
Tudor House Art Deco and Essex House hotels (Wikipedia Commons) Miami Beach officials are evaluating zoning changes in the Art Deco Historic District as part of a long-range plan to transform Ocean...
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Real estate investor buys waterfront Jupiter home for nearly $7M
Justin Daniels and 197 Spyglass Court, Jupiter (Google Maps, Justin Daniels) Real estate investor and author Justin Daniels spent $6.5 million on a waterfront home in Jupiter’s Admirals Cove...
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Ivanka Trump and Jared Kushner prepare NJ home for arrival
Ivanka Trump and Jared Kushner with the Trump National Golf Club in Bedminster (Getty; Trump Org) New Jersey could be getting some part-time neighbors back on a full-time basis. Ivanka Trump and Jared...
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South Florida October construction starts drop, year-over-year
(iStock) October construction starts in South Florida rose from September, but lagged behind amounts seen a year prior, according to a recently released report. Total construction starts for...
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Miami Beach may create incentives for affordable housing developers
The Allen Apartments with Mark Samuelian, Michael Gongora and Ricky Arriola (Miami Beach Community Development Corp., Wikipedia Commons) Miami Beach’s success in attracting luxury developments means...
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Single-family home sales dip in October, but up 41% from last year
The total supply of single-family homes declined 40 percent to 3.3 months in October (iStock) Sales of new, single-family homes ebbed last month, but are still far ahead of where they were a year ago....
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Steve Witkoff pays $8M for waterfront North Bay Road lot
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman) A company tied to the Witkoff Group bought a vacant waterfront lot on Miami Beach’s North Bay Road for $8 million. The New York-based real...
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Watch out Zillow, here comes CoStar
Zillow’s Rich Barton and CoStar’s Andy Florance (JD Lasica via Flickr; Getty) Having cornered commercial real estate, CoStar has a new target. The data giant’s $250 million purchase of Homesnap,...
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Compass eyes IPO in 2021
Compass CEO Robert Reffkin (Getty; iStock) Compass has tapped underwriters for a potential public offering that would be among the most buzzed-about IPOs in the residential world. The SoftBank-backed...
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CEO of cosmetics manufacturer buys Palm Island home for $11M
Joel Meyerson and 24 Palm Avenue, Miami Beach (The Pure Source, Sotheby’s) The CEO and president of a cosmetics and lotions manufacturer paid $10.65 for a waterfront Palm Island mansion. Records show...
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