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Miami Heat clarifies Micky Arison’s lease announcement
Micky Arison and AmericanAirlines Arena The Miami Heat tried to clear up owner Micky Arison’s premature announcement of an AmericanAirlines Arena lease renewal that would cost Miami-Dade County an...
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Telemundo, Amazon want large Miami industrial facilities
Telemundo’s Hialeah facility Telemundo and online retail giant Amazon.com are on the hunt for large industrial facilities in Miami, according to a new market report. ComReal Miami’s first quarter...
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Miami commissioners let Ultra Music Festival stay downtown, chances slim for...
Fans at Ultra Music Festival in downtown Miami 1. Miami commissioners let Ultra Music Festival stay downtown [Miami Herald] 2. Chances slim for Beckham stadium public funding [Daily Business Review] 3....
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Urban Miami won’t see office construction for several years
John Osborne and Jeff Morris Don’t count on new office construction happening in Miami’s urban core anytime soon. Greater Downtown Miami might not see another office development until early next...
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Port Everglades wants to move, rebuild foreign trade zone
Port Everglades Port Everglades officials want a developer to relocate and rebuild its foreign trade zone as part of a $1.5 billion capital improvements program. The seaport could ask Broward...
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NYC developer drops big investment on Miami riverfront
Southwest 3rd Street between Miami Avenue and Southwest First Avenue (Inset: Shahab Karmely) New York developer Kar Properties LLC just dropped $33 million on a 2.9-acre site on Miami’s riverfront —...
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Fatio-designed mansion in Palm Beach lists for $45M
1545 North Ocean Way A 1937 Palm Beach estate has hit the market for $45 million. Designed by Maurice Fatio, the eight-bedroom “Windansea” at 1545 North Ocean Way comes complete with 280 feet of direct...
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Top stories
Top stories over the weekend on The Real Deal: 1. Faena penthouse under contract for “record” price 2. “Million Dollar Listing Miami” cast unveiled 3. Massive Metropica project finally moves forward
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Toll Brothers delays sales launch for Boca project
Royal Palm Polo rendering Toll Brothers is pushing back its sales launch for the Royal Palm Polo development in Boca Raton. The builder originally planned to start going under contract with buyers next...
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Minto West hearing expected to draw heavy interest
South Florida model home by Minto Communities and Callery-Judge Grove Large crowds are expected to descend on Palm Beach County’s Governmental Complex for Monday morning’s public hearing on the...
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North Bay Road property sells for $10.2M
2374 North Bay Road A waterfront residential property on Miami Beach’s exclusive North Bay Road sold for about $10.2 million, The Real Deal has learned. Loma Blanca, a company registered in the...
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Oleg Baybakov buys three more Edgewater properties
601 Northeast 26th Street (inset: Oleg Baybakov) Russian mining oligarch and developer Oleg Baybakov continues his Edgewater land-banking spree with three recent property acquisitions totaling about...
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Marina operator blasts City of Miami for lease default
Rickenbacker Marina The operator of Rickenbacker Marina blasted the City of Miami for allegedly scheming to get rid of the boat storage company in advance of a large redevelopment of the marina. An...
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CubeSmart buys Lake Worth self-storage facility
1519 North Dixie Highway A self-storage facility in Lake Worth changed hands for $11.5 million, The Real Deal has learned. Ample Storage Lake Worth sold the nearly 112,000-square-foot facility at 1519...
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Condo confidence
From left: construction on BrickellHouse and a rendering of Brickell Heights From the South Florida Market Report: This time, it’s different. That’s the mantra from developers, brokers and other real...
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Marlins Park fails to boost real estate market, a conversation with Carlos...
Marlins Park 1. Marlins Park fails to boost real estate market [Miami Herald] 2. A conversation with Carlos Melo [GlobeSt] 3. Alton Road floods prompt climate change concerns [Miami Herald] 4. New...
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Construction deals hit slow patch in March
The value of all South Florida construction deals took a substantial turn for the worse in March, down 36 percent from the previous year. Despite a strong first quarter for the industry, both...
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U.S. Century to foreclose on site once owned by ex-board member
U.S. Century Bank While U.S. Century Bank continues to do battle on several legal fronts, the company has emerged victorious in another case. U.S. Century won a $5.2 million foreclosure settlement...
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Ugo stakes his claim
Ugo Colombo and Beach House 8 From the South Florida Market Report: As the Miami skyline constantly evolves, developer Ugo Colombo remains a towering presence. A native of Italy, he arrived in the U.S....
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Mirasol community quietly questions country club project
Mirasol Country Club A big ticket construction project is raising concern within the Palm Beach Gardens community of Marisol, as some residents privately say they’re worried about the potential impact...
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