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Element Miami Doral project breaks ground
A rendering of the Element hotel The developers of Element Miami Doral, the brand’s second hotel in Miami-Dade, broke ground this week. The new hotel, owned by Eurocon, will be located next to the...
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Cresa principal Alan Kleber talks commercial real estate
Alan Kleber Changes in the way we work and how we plan our workspaces could redefine the commercial real estate market, according to Alan Kleber, managing principal at Cresa South Florida. “It is...
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Town Council seeks historic status for Royal Poinciana Way
Royal Poinciana Way The Palm Beach Town Council is seeking National Register of Historic Places status for Royal Poinciana Way. The council authorized up to $15,000 for research, preparation and...
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Top stories
Top stories over the weekend on The Real Deal: 1. Jury awards developer Ugo Colombo $2M in jet dispute 2. Developer Edelstein proposes Wynwood project 3. Miami Tower owner adds $33M to existing loan
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Downtown’s Flagler Street poised for upgrades
Flagler Street At one point, downtown Miami’s Flagler Street was Miami’s retail core. But these days, the block is not taking advantage of the feverish condo development that brought thousands of new...
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Luxury condo project planned in Boca Raton
Akoya at Boca West rendering A seven-acre Boca Raton property heavily targeted by builders before last decade’s housing bust is now being marketed for a 120-unit luxury condo development. Akoya at Boca...
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Lennar files foreclosure against Homestead landowner
Miami homebuilder Lennar is positioning itself as a lender with hopes of picking up more than 76 acres of agricultural land in Homestead. A Lennar affiliate filed a foreclosure action against the owner...
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Greenacres council to vote on residential project
Reserve at Summit site Central Palm Beach County’s Greenacres could finally see construction of a single-family project originally approved in 2006. City Council members are expected to vote on a...
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New York group buys landmark Fort Lauderdale restaurant
Rustic Inn sign A New York-based restaurant group purchased the home of Fort Lauderdale’s landmark Rustic Inn for $7.5 million. Ark Restaurants picked up the popular restaurant and 4331 Ravenswood Road...
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Online retail creates new industrial real estate demand
Jeremy Shapiro The retail sector’s reliance on Internet shoppers is generating substantial demand for industrial space in South Florida. Retailers are reducing the size of their physical stores and...
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Expensive SoFla hotel rates not discouraging spring breakers, housing...
Rendering of the Shoppes at Civica 1. Expensive SoFla hotel rates not discouraging spring breakers [Miami Herald] 2. Housing confidence high in South Florida [Sun-Sentinel] 3. How the Shoppes at Civica...
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Broward beaches bulked up ahead of storm season
Pompano Beach As the summer storm season approaches, a five-mile stretch of coast in northern Broward County was built up with sand, the Army Corps of Engineers announced. More than 10,000 truck trips...
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Marcelo Claure, Beckham eye MLS in Miami by 2017
Marcelo Claure The Bolivian wireless industry titan Marcelo Claure is hoping to bring Major League Soccer to Miami with partner David Beckham as soon as 2017, despite the major hurdles the project is...
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Investors targeting Palm Beach despite growing prices
A home in Palm Beach In the face of rapidly escalating prices, investors are still gobbling up Palm Beach real estate. For instance, Blackstone Group now owns an estimated 1,200 Palm Beach County...
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Voters OK $375M Riviera Beach marina redevelopment
A rendering of the Riviera Beach marina Riviera Beach voters have approved a $375 million public-private redevelopment plan for its marina. Viking Development now has permission to negotiate a 50-year...
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Top stories
Top stories yesterday on The Real Deal: 1. Downtown’s Flagler Street poised for upgrades 2. New York group buys landmark Fort Lauderdale restaurant 3. Luxury condo project planned in Boca Raton
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Related, Crescent Heights team up on condo tower
Crescent Heights managing partner Russell Galbut and Stephen Ross Developer Crescent Heights is now partnering with the Stephen Ross-led Related Cos. to develop a 50-story condo tower on a South Beach...
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Thor Equities picks up Design District building
53 Northeast 39th Street New York investor Thor Equities is looking to capitalize on the transformation of Miami’s Design District into a luxury retail hub. A high street retail specialist, Thor...
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Seminole Tribe acquires Davie office building for $11.5M
5701 Stirling Road The Seminole Tribe of Florida spent $11.5 million on a Davie office building located near its headquarters and the Seminole Hard Rock Hotel & Casino. A company called...
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Miami banker ‘nervous’ about short-term residential market
Peter Zalewski At least one Miami banker is publicly acknowledging outright nervousness about the conditions forming in the South Florida residential real estate market, where inventory is tight,...
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