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Top stories
Top stories yesterday on The Real Deal: 1. Ugo Colombo’s firm buys Chelsea site in downtown Miami 2. Greystone picks up Edgewater land for $10M 3. Thor Equities gets another Design District property
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Elvis Dumervil takes hit on Parkland home sale
6625 Northwest 122nd Avenue (inset: Elvis Dumervil) Football star Elvis Dumervil unloaded his Parkland residence at a loss only nine months after buying the home, The Real Deal has learned. The...
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South Florida foreclosure plunge continues
Latest foreclosure report from Condo Vultures South Florida foreclosures continued to decline last month, according to the latest report from Condo Vultures. Miami-Dade, Broward and Palm Beach counties...
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Microsoft plans Miami-based Innovation Center
Venture Hive Microsoft intends to launch its first U.S.-based Innovation Center in a downtown Miami incubator next month. The software giant is slated to announce the new center on Friday. Microsoft...
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Palm Beach home prices fall 6%: report
Brown Harris Stevens Palm Beach office Single-family home prices are dropping in Palm Beach, where high-end closings in the town’s Estate Section plummeted by 47 percent. Palm Beach posted a 6 percent...
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Equity One enjoys profitable first quarter
David Lukes North Miami Beach real estate investment trust Equity One posted quarterly gains in total revenue, net income and shopping center occupancy. The retail investor reported a year-over-year...
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Ft. Lauderdale bar used in “Rock of Ages” filming sold
Revolution Live interior The Fort Lauderdale nightclub used in the filming of 2012 box office flop “Rock of Ages” was one of six properties acquired by major Chicago-based investors Greg Berkowitz and...
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PortMiami’s credit rating slips, construction of Ikea’s Miami store almost...
PortMiami 1. PortMiami’s credit rating slips [Miami Herald] 2. Construction of Ikea’s Miami store almost done [exMiami] 3. Florida Supreme Court tackles online hotel taxes [DBR] 4. Tech firm signs...
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PB County property values grow for third straight year
Gary Nikolits Rising property values helped Palm Beach County’s tax base grow for the third consecutive year, even after Town of Palm Beach home prices fell. Property Appraiser Gary Nikolits released a...
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Grove Isle association likely to benefit from suit revival
Aerial of Grove Isle Hotel and Spa The owners of condominium units at Fair Isle can breathe a sigh of relief after the Third District Court of Appeal’s recent overturning of the dismissal of a lawsuit...
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462-unit apartment tower rises in downtown Miami
Montage at Met 3 The Montage at Met 3 is on the rise a month after the project’s developer ZOM secured the building’s air rights for $23 million. Suffolk Construction has poured several of Montage’s...
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Is Palm Beach County the next big distribution center?
Aldi Food Market Although Miami, Orlando and Jacksonville have long served as the state’s major logistics hubs, more and more distribution centers are popping up in Palm Beach County. Kelly Smallridge,...
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Top stories
Top stories over the weekend on The Real Deal: 1. Ugo Colombo’s firm buys Chelsea site in downtown Miami 2. Barbara Salk’s firm launches condo sales in Edgewater 3. Santander Bank gets FAA approval for...
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South Florida’s housing rebound left many behind: report
R. Donahue Peebles South Florida’s housing rebound is not closing the substantial gap between the wealthy and poor in the region, according to a Miami Herald study. Miami-Dade and Broward counties...
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Miami hospital part of $47M transaction
Metropolitan Hospital of Miami The Metropolitan Hospital of Miami was part of a $47 million sale of seven properties, The Real Deal has learned. Metropolitan Health Community Services Corp. sold the...
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Nadim Ashi’s firm buys Four Seasons Palm Beach owner
Four Seasons Palm Beach A company managed by real estate investor Nadim Ashi acquired a firm that owns the Four Seasons Resort Palm Beach. In a private transaction not recorded by Palm Beach County,...
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Building on Miami’s Mercy campus trades for $26M
Mercy Miami Professional Building I Last week was a busy one for Miami medical building sales. In addition to the $47 million sale of the Metropolitan Hospital of Miami site, the Mercy Miami...
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Burt Reynolds Ranch project gets county approval
Burt Reynolds and Jupiter Farms Homebuilder K. Hovnanian got the official go-ahead to build a residential development on the Burt Reynolds Ranch in Jupiter Farms. The company’s proposal to construct 30...
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Jon Paul Perez thrives in family business
Jon Paul Perez (via Ocean Drive) The son of the Related Group founder, chairman and CEO Jorge Perez is working his way up the company ladder. Related vice president Jon Paul Perez frequently travels to...
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Key Biscayne overtaken by mansions, Turnberry’s Jackie Soffer on growing up...
Rendering of SkyRise Miami 1. Key Biscayne overtaken by mansions [Miami Herald] 2. Turnberry’s Jackie Soffer on growing up in North Beach [Ocean Drive] 3. Latest update on SkyRise Miami construction,...
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