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South Florida sees 70 percent drop in resale inventory since 2008: report
A new report from brokerage and consultancy Condo Vultures finds that South Florida’s resale inventory has plummeted by 68 percent since Thanksgiving week in 2008. There were almost 108,000 resale...
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Villages of West Melbourne, 495-acre development site, sells for $5 million
The site of the Villages of West Melbourne, a 495-acre planned residential development in Melbourne, has sold for $5 million, according to Sperry Van Ness and Moecker Realty. The property, which is...
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Berger’s Steve Hyatt completes $8.4 million Washington auto dealership sale
Fort Lauderdale-based Berger Commercial Realty senior vice president Steve Hyatt recently represented BD&D Investment Company in the sale of a 4.42-acre automobile dealership in Bellevue, Wash. The...
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Oak Tavern opens in Design District
The Oak Tavern restaurant has opened its doors in Miami’s Design District, according to Eater. The eatery is helmed by David Bracha, of The River Seafood Oyster Bar fame. The property, officially...
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Acqualina condo lists for $4.3 million
A five-bedroom condominium unit at Sunny Isles Beach’s Acqualina development is now on the market for $4.3 million, according to Howard Chase Real Estate’s Lianne Graubart, who has the listing. The...
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The biggest buys in Broward
From the South Florida Market report: As Miami’s condo market experienced unprecedented gains during the past two years, demand for real estate, particularly high-end real estate, has moved to the...
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NY investor takes Midtown Miami units in bulk buy
New York-based investor Sam Tawfik has purchased 27 units in Miami’s Midtown Miami development, according to Douglas Elliman. The purchase is in two phases: the first, which closed last week, included...
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Today’s priciest new listing
Today’s priciest new listing is a five-bedroom, six-bathroom, 5,114-square-foot condo in the Bayview at Fisher Island that is asking $5.9 million, according to Condo Vultures. The waterfront condo is...
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Happy Thanksgiving!
In honor of Thanksgiving, we’re taking off Thursday and Friday to celebrate (but we’ll keep our eyes peeled for breaking news). The Real Deal wishes you and your family a safe and happy holiday. Be...
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Office, retail markets on road to recovery
From the South Florida Market report: While Miami’s residential market has experienced fast-paced growth during the past two years, the local office and retail market have had a slower go of it. The...
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Parkland Golf & Country Club to unveil model homes at three price points
The Parkland Golf & Country Club will reveal three new model houses this Friday, the Sun Sentinel reported. The Saviero Mediterranean model represents a style that will be priced in the low...
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Today’s priciest new listing
Today’s priciest new listing is a three-bedroom, three-bathroom condo in the St. Regis that is asking $11 million, according to Condo Vultures. The fully furnished, waterfront condo, which is located...
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Distressed Coral Springs shopping center sells for $9.7 million
A distressed shopping center in Coral Springs has been sold for $9.69 million, according to Marcus & Millichap, which brokered the sale on behalf of the seller. The 60,732-square-foot Westview...
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New York-based developer breaks ground on NORA project in Orlando
New York-based developer GDC Properties has broken ground on the NORA project, a six-story, 246-unit luxury rental development. The project, which was designed by Baker Barrios Architects, is located...
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Miami pending sales up 67 percent
The number of single-family and condominium listings that pended in Miami-Dade County in October rose 67 percent on a year-over-year basis, according to data released today by the Miami Association of...
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Anna’s Linens signs lease at Margate’s Lakewood Shopping Center
Anna’s Linens has signed an 8,100-square-foot lease in Margate’s Lakewood Shopping Center, according to Terranova, which brokered the transaction. Terranova Chairman Stephen Bittel and leasing...
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“Like” us on Facebook
Did you know that The Real Deal is on Facebook? “Like” The Real Deal magazine here, and you’ll be sure to stay abreast of the latest real estate news. Our Facebook page features breaking industry...
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ATS North America signs 25,200-square-foot lease at Prologis Beacon...
Doral-based Easton & Associates is announcing 76,000 square feet of new leases, led by a 25,200-square-foot industrial transaction at 11010 NW 30th Street in Miami within Prologis Beacon Industrial...
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Aztec Group closes $18 million loan for retail portfolio including Sunset...
Miami Beach’s Aztec Group has secured an $18 million loan on an eight-property portfolio that includes the Sunset Harbour Shops, the firm announced today. The properties are owned by Scott Robins and...
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The hotel boom in Miami and Miami Beach
From the South Florida Market report: As the greater Miami condominium market sees an unprecedented sales spree, the area’s hotel sector has experienced similar gains. And it’s not just the traditional...
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