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West Palm Beach to pay out $100,000 for water damages
Brooks and Sally Ricca and a water main Five years after a water main break did $400,000 worth of damage to their home, Sally Ricca and her husband, Brooks, will likely receive $100,000 from the West...
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New details about Edgewater tower revealed
1770 Bayshore Drive More details have emerged regarding the Melo Group’s Aria on the Beach project. The tower is now set to rise 50 stories and will have 647 units. Previously, a different project,...
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Top stories
Top stories yesterday on The Real Deal: 1. “Million Dollar Listing Miami” cast unveiled 2. Waterfront downtown Miami property up for sale 3. City Centre condo launch could recalibrate pricing
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Architect chosen for convention center renovation
Miami Beach Convention Center Miami Beach commissioners awarded a contract to design the $500 million renovation of the city’s convention center to Denver-based Fentress Architects. Commissioners...
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Developer starts construction of Fort Lauderdale condos
Adagio on the Bay rendering A developer with a strong track record in Panama and Venezuela is making its first foray into the U.S. with a boutique waterfront condo project in Fort Lauderdale. Grupo...
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Historic Miami Beach building to get makeover
Bhojwani Tower A 63-year-old Miami Beach building is about to get a substantial makeover. Architect Kobi Karp is overseeing the renovation of the Bhojwani Tower, exMiami reported. The building is...
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Edgewater properties trade for $19M
2919 Biscayne Boulevard entrance An office building, retail building and parking lot in Miami’s Edgewater neighborhood changed hands for $19 million, The Real Deal has learned. A Miami company called...
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Hotel developer acquires Bay Harbor property
Jacques G. Murray A company with ties to hotel developer the Murray Group acquired a Bay Harbor Islands property for $12 million, The Real Deal has learned. Bay Harbor Hotel, which is managed by Murray...
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Miami’s foreclosure activity still leads nation
Miami-Dade and Broward counties still lead the nation in foreclosures despite a 25 percent year-over-year drop in foreclosure activity during the first quarter of 2014. The Greater Miami area, which...
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Office tenants flock to top downtown and Brickell buildings, gambling reform...
Downtown Miami 1. Office tenants flock to top downtown, Brickell buildings [Globe St.] 2. Gambling reform off the table in Tallahassee [Sun-Sentinel] 3. Riviera Beach marina construction begins [PB...
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NoBe House construction underway in Miami Beach
Photos from Tuesday’s groundbreaking ceremony for NoBe House Construction of NoBe House, a boutique residential building in the North Beach section of Miami Beach, is underway. Developer Tzadik...
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Comerica Tower sells for $32.5M
Comerica Tower (via CBRE) A Massachusetts investor bought Comerica Tower in downtown Fort Lauderdale for $32.5 million. Brookwood Financial Partners paid $196 per square foot for the Class A office...
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Homeowners’ groups stave off regulation again
Senator Alan Hays A proposal to give the state the power to oversee homeowners’ associations died after failing to gain legislative support. The bill, sponsored by Senator Alan Hays, would have placed...
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Blanca CRE taps new marketing chief
Diana Pubchara and Tere Blanca Tere Blanca’s Miami-based firm, Blanca Commercial Real Estate, hired Diana Pubchara for its first chief marketing officer position. Pubchara comes to Blanca having worked...
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Top stories
Top stories yesterday on The Real Deal: 1. Waterfront downtown Miami property up for sale 2. “Million Dollar Listing Miami” cast unveiled 3. Hotel developer acquires Bay Harbor property
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Crescent, Related Group to hold off on condo tower
Rendering of Alton Road condo tower (via Perkins + Will) Crescent Heights and the Related Group’s proposal to develop the tallest building in Miami Beach is on hold. Russell Galbut, Crescent’s managing...
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Tishman Speyer sells Brickell Key office complex
Courvoisier Centre An Orlando investor announced its acquisition of the Courvoisier Centre office complex in Miami’s Brickell Key. Parkway Properties released a statement on Wednesday revealing it paid...
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Developer plans Hilton hotels near Dolphin Mall
Philip Procacci A two-tower hotel project with a pair of Hilton brands is proposed for a Sweetwater site located across from the Dolphin Mall. Procacci Development Corp. wants to develop a hotel...
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Mast Capital on hunt for South Florida property
Camilo Miguel Mast Capital’s $29.5 million purchase of a Coconut Grove office building earlier this week could be a precursor to a flurry of acquisitions by the Miami Beach-based company. Camilo...
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Testa family wants to raze Palm Beach buildings
Testa’s Restaurant The Testa family of Palm Beach wants to raze their historic restaurant and Via Testa retail building on Royal Poinciana Way. An application to demolish the buildings was filed with...
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