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Public space advocates rally around Heat’s vacant lot
Parcel B An urban planner, a historian and an Urban Environment League board member are coming together to discuss Arena Park, a 2.76-acre vacant lot used by the Miami Heat as a parking lot. At issue...
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SF senior claims lender used scheme to foreclose
Sarah Alhassid (credit: J. Albert Diaz) An Aventura senior claims that she has been caught in a forced-place insurance scheme leading to a foreclosure lawsuit — even though she never missed a mortgage...
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Palm Beach builder sells final spec home for $4M
226 Jamaica Lane West Palm Beach developer Malasky Homes sold the last of its two spec houses on Palm Beach’s North End. A trust in the name of Carl Hj. Asplundh Jr. paid $4 million for a four-bedroom...
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New CRE firm launches in South Florida
Sherri Beregovoy A new commercial real estate firm is set to enter the South Florida market. Hart Advisors Group recently launched Hart Commercial, a full-service commercial real estate brokerage that...
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Top stories
Top stories over the weekend on The Real Deal: 1. Richard LeFrak plans big Miami push 2. New York venture buys South Beach assemblage 3. New Yorker to relocate to Miami after condo purchase
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Bahamas condo developers compete with South Florida
Bjarke Ingels Luxury condo developers in the Bahamas are trying to attract buyers who would normally look for vacation homes in South Florida. One of those projects, the Honeycomb building at the...
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Homebuilding surges in Palm Beach County
Farmland in Palm Beach County With much of the developable land to the south already gobbled up, Palm Beach County is now the focus for many residential builders. Developers are particularly targeting...
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Miami Dolphins linebacker buys Davie mansion
14211 Southwest 17th Street (inset: Dannell Ellerbe) Miami Dolphins linebacker Dannell Ellerbe paid nearly $1.6 million for a mansion in Davie, The Real Deal has learned. Ellerbe acquired the...
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Chateau Group gets $45M loan for Surfside condo project
Rendering of Chateau Ocean Residences Developer Chateau Group obtained a $45 million loan for its Chateau Ocean Residences project in Surfside, The Real Deal has learned. The Argentine firm received...
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Waterfront Manalapan mansion sells for $12.5M
1920 South Ocean Boulevard (via Linda A. Gary Real Estate) A Manalapan mansion traded for $12.5 million, The Real Deal has learned. The sale of the waterfront 1920 South Ocean Boulevard estate closed...
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Distressed home sales dwindle in South Florida
Distressed residential sales continue to dwindle throughout South Florida. Palm Beach County’s residential sector had 3,598 short sales or foreclosure transactions in 2013, representing 23 percent of...
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Miami politicians are fed up with Ultra, Florida had third-most mortgage...
Fans at Ultra Music Festival in downtown Miami 1. Miami politicians are fed up with Ultra [Miami Herald] 2. Florida had third-most mortgage industry layoffs in 4Q13 [SFBJ] 3. New Hampton Inn coming to...
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Demolished 42 Star Island scores homestead exemption
42 Star Island Legally speaking, you don’t necessarily need to live at your home to claim a homestead exemption. Case in point: 42 Star Island. Preservationists lost the fight to save the 89-year-old...
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PB commissioners delay development decision at golf course
The overgrown Mizner Trail Golf Club For the fifth time in ten years, Palm Beach County commissioners postponed a controversial zoning request to allow development at an abandoned golf course west of...
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D.R. Horton accused of abandoning Miami development
Majorca Isles in Miami Gardens Fort Worth, Texas-based D.R. Horton Inc., which markets itself as “America’s homebuilder,” is being accused of leaving the home owner’s association at Majorca Isles in...
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Fort Lauderdale commercial tract trades for $5.9M
2201-2307 West Broward Boulevard in Fort Lauderdale. A 17.34-acre commercial parcel, dubbed Riverbend, in Fort Lauderdale sold for $5.9 million. The site, located at 2201-2307 West Broward Boulevard...
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Top stories
Top stories yesterday on The Real Deal: 1. Dolphins linebacker buys Davie mansion 2. New Yorker to relocate to Miami after condo purchase 3. Richard LeFrak plans big Miami push
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SoFla active listings slightly decline for the week
South Florida housing inventory (Credit: Condo Vultures) Active listings for housing inventory in the South Florida region slightly fell last week to 41,583, according to weekly data from Condo...
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Portfolio owner gets $172M in financing
Edgewater Hotel (inset: Howard Michaels) The owner of a three-state multifamily portfolio and the Edgewater Hotel in South Beach obtained $172 million in senior financing. With 2,129 apartments in...
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Apartments near North Miami Beach trade for $17.7M
Presidential House Apartments entrance The Presidential House Apartments near North Miami Beach changed hands for about $17.7 million, The Real Deal has learned. Aventura-based Advenir sold the...
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