Watson Island project clears state hurdle
Watson Island The developer of the long-delayed Island Gardens now has a clear path to finally starting the project planned for Miami’s Watson Island. Members of the Florida Cabinet approved...
View ArticleDoral shopping center trades for $19.4M
Shoppes at MICC A Doral retail center changed hands for $19.4 million, The Real Deal has learned. Miami-based Shoppes at MICC Ltd. sold the 7780 Northwest 25th Street center on May 2, according to...
View ArticleHistoric Gulfstream Hotel acquired by joint venture
Gulfstream Hotel The historic Gulfstream Hotel in Lake Worth was acquired by a joint venture that plans a $9 million renovation. Delray Beach-based Hudson Holdings and CDS International Holdings of...
View ArticleGables Gate Tower builders get $27M loan
Gables Gate Tower rendering The developer of the Gables Gate Tower apartment complex in West Miami received a $27 million construction loan. Banesco USA provided the Estates Cos. and Mattoni Group with...
View ArticleWest Palm Beach now focus of baseball stadium talks
Robert Weisman West Palm Beach is emerging as the potential home of a new Major League Baseball spring training stadium for the Houston Astros and Washington Nationals. City and Palm Beach County...
View ArticleLincoln Road retail project gets approval, North Miami condos unloaded at...
Miami Beach Community Church 1. Lincoln Road retail project gets approval [exMiami] 2. North Miami condos unloaded at discount [GlobeSt] 3. Amazon asks Miami-Dade for public funding [SFBJ] 4. Medley...
View ArticleMiami named top luxury destination
The Miami Skyline For the second consecutive year, Christie’s International Real Estate included Miami in its list of the top ten luxury property destinations. Other cities included Cote d’Azur, Hong...
View ArticleSouthern Wine and Spirits CEO scores $17M home loan
Wayne Chaplin Wayne Chaplin, the CEO and president of Miami-based Southern Wine and Spirits, scored a $17 million mortgage to build two waterfront homes in Miami Beach. The City National Bank of...
View ArticlePreliminary construction kicks off at SkyRise Miami
A rendering of SkyRise Miami Construction on SkyRise Miami, a $430 million observation tower at the edge of a waterfront parking lot in downtown Miami, is kicking off. Last week, the Miami City...
View ArticleCoral Gables tentatively allows owner to split property
6801 Granada Boulevard It took nearly two hours of argument for the Coral Gables City Commission to tentatively allow a property owner to split his lot. The agreement would split the 3-acre property,...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. Jade Signature developer scales down project 2. Sunset Islands mansion sells for $14.3M 3. Watson Island project clears state hurdle
View ArticleSouth Florida foreclosures keep dropping
Foreclosures continue to decline throughout the tri-county area of South Florida. Palm Beach County had a 54 percent drop in new foreclosure filings during the first four months of 2014, according to...
View ArticleVoters likely to decide fate of Beckham stadium
Proposed soccer stadium rendering (via Arquitectonica, 360 Architecture and Visual House) David Beckham’s effort to bring Major League Soccer to Miami is approaching the one-year mark, and the latest...
View ArticleEcho Brickell developers get additional financing
From left: Property Markets Group’s Ryan Shear, architect Carlos Ott and Property Markets Group’s Kevin Maloney The developers of condo tower Echo Brickell boosted their borrowings to more than $35...
View ArticlePalm Beach mansion sells for $16.3M
2305 South Ocean Boulevard An oceanfront Palm Beach mansion changed hands for about $16.3 million, The Real Deal has learned. Donna Ward of London sold the 2305 South Ocean Boulevard home on Tuesday,...
View ArticleMiami Beach hospital wants $205M in upgrades
Mount Sinai Medical Center Mount Sinai Medical Center intends to start a $205 million upgrade to its Miami Beach campus. The nonprofit made a recent presentation to its bond investors outlining the...
View ArticleTransit Village developer admits to taking kickbacks
From left: Boca Raton mayor Steven Abrams and Michael Masanoff The former chairman that oversaw Tri-Rail and a $300 million, six-acre downtown development admitted under oath to accepting $100,000 in...
View ArticleReal estate boot camp planned for South Florida homebuyers and sellers, Boca...
Sinai Residences of Boca Raton rendering 1. Real estate boot camp planned for SoFla homebuyers, sellers [Miami Herald] 2. Boca senior community coveted by bond investors [Daily Business Review] 3. Palm...
View ArticleAby Rosen controlled site in Palm Beach trades for $6M
215 Brazilian Avenue and Aby Rosen A vacant lot in Palm Beach that will soon become a four-unit townhouse complex sold for $6 million. The property, which is located at 215 Brazilian Avenue, sat on the...
View ArticleJudge approves rare residential loan modification
A judge agreed to lower the debt on a Miami man’s residential mortgage by $200,000 in a Chapter 13 bankruptcy case, even though he made a profit renting part of his property. Bankruptcy code typically...
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