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Slam dunk: Heat arena deal easily approved
AmericanAirlines Arena While the Miami Heat prepare to take on the San Antonio Spurs in the National Basketball Association Finals, the team’s front office scored a major victory in County Hall on...
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DRA Advisors spends $85M on Pembroke Pines retail centers
Regal Cinemas at Westfork Tower New York-based DRA Advisors acquired adjacent Pembroke Pines retail centers from Miami Beach-based Terranova for more than $85 million. Companies tied to DRA picked up...
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Broward, Palm Beach office market shows improvement
Palm Beach County office buildings Office vacancies are seeing a dramatic decline in Broward and Palm Beach counties, with first-quarter available inventory falling to its lowest level since 2009,...
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Plaza Del Rey fetches $11.6M
Plaza Del Rey The Plaza Del Rey shopping center in Miami changed hands for $11.6 million, The Real Deal has learned. PDR Holdings of Miami sold the 10000 West Flagler Street center last week, according...
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Former Marcus & Millichap VP joins Franklin Street
Greg Matus After more than a decade, Marcus & Millichap’s Greg Matus is defecting to Franklin Street, another commercial real estate firm. Matus will join Franklin Street a regional managing...
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Art Basel not thrilled about convention center space reduction, car-sharing...
Miami Beach Convention Center 1. Art Basel not thrilled about convention center space reduction [Miami Today] 2. Car-sharing services to compete for Miami business [Miami Herald] 3. JLL has big growth...
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New extended-stay hotel headed for Davie
A Value Place hotel A new 124-room Value Place hotel is coming to Davie. The project is the first of 15 new South Florida hotels planned by the Kansas-based chain across the tri-county area,...
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Homestead to borrow $26M for downtown upgrades
Downtown Homestead Last month, Homestead residents approved a plan to borrow $26 million in general obligation bonds, which locals hope will reinvigorate its downtown. Some $18 million will be spent on...
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Palm Club Apartments trade for $13M
Palm Club Apartments The Palm Club Apartments in Lake Worth changed hands for about $13 million. Aventura-based Palm Club Investments picked up the 160-unit townhome community at 2425 Second Avenue...
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West Palm Beach hotel developer wants another delay
Palm Harbor Marina The developers of the proposed Palm Harbor Marina hotel asked West Palm Beach commissioners to delay voting on the project until next month. This is the second time in two weeks the...
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Top stories
Top stories yesterday on The Real Deal: 1. Sixth new South Florida condo project completed since crash 2. The man behind the Beckham stadium plan 3. Edgewater investor banks $7.3M profit – in three...
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Palm Beach condos selling for higher prices: report
Condos in Palm Beach More condos in the Town of Palm Beach traded for higher prices during the first quarter of 2014, a new report shows. The amount of condos and co-operative units sold in Palm Beach...
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Flagler Station owner gets $75M loan
Flagler Station Companies tied to Flagler Global Logistics obtained a $75 million loan secured by more than 136 acres at the Flagler Station business park, The Real Deal has learned. Wells Fargo Bank...
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Boca apartment sale is county’s priciest of 2014
San Marco at Broken Sound The San Marco at Broken Sound apartment complex in Boca Raton changed hands for $80.5 million in Palm Beach County’s most expensive multifamily trade of 2014. San Marco...
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Appraisal claims Watson Island developers getting substantial discount from city
Watson Island As developer Flagstone Property Group begins work on its massive mixed-use development on Miami’s Watson Island, an ardent project opponent is claiming city officials hid from the public...
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Sonesta Fort Lauderdale buyer closes $65M purchase
999 North Fort Lauderdale Beach Boulevard Hospitality Properties Trust’s $65 million acquisition of the Sonesta Fort Lauderdale hotel officially closed. The company completed the conversion of the...
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Broward shopping centers trade for $26M
Park View Square A pair of real estate investment trusts traded the Winn-Dixie-anchored Park View Square shopping center in Miramar for $14.5 million and a Publix-anchored center in Coconut Creek for...
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Major expansion planned for Delray Medical Center, Miami commissioners...
Delray Medical Center expansion rendering 1. Major expansion planned for Delray Medical Center [Sun-Sentinel] 2. Miami commissioners approve Design District parking plan [Miami Today] 3. Coral Square...
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NYC’s Tutto Il Giorno to open in Biscayne Beach
A rendering of Biscayne Beach, and executive chef Maurizio Marfoglia and Gabby Karan De Felice, the creative director and designer of Tutto Il Giorno Famed Hamptons eatery Tutto Il Giorno is set to...
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Ivana Trump gets $18M for her Palm Beach home
102 Jungle Road and Ivana Trump Ivana Trump put her landmarked Palm Beach home on the market just four months ago, but she has already found a buyer for the Mizner-style beachfront property. A source...
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