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Fort Lauderdale’s il Lugano hotel trades for $21.6M
il Lugano hotel Fort Lauderdale’s il Lugano hotel on the Intracoastal Waterway has sold for $21.6 million. The 104-suite hotel was bought by Claremont Ft. Lauderdale Suites LLC, attorney Barry Lapides,...
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Miami ranked among most expensive world cities
The Miami skyline Miami has been ranked 14th on a global list of the nation’s most expensive real estate by London-based Knight Frank, a residential and commercial real estate consultancy. And it’s no...
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Top stories on The Real Deal
Top stories: 1. Blackstone may double down on SF projects 2. “Million Dollar Listing” finale: The GIFs that keep on giving 3. Miami ranked among most expensive world cities
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Edgewater mulls first Community Development District
Edgewater The owners of Deering Park Center, an almost 900-acre tract west of Interstate 95 in Edgewater, are lobbying city officials to create a special tax district on their property. The owners,...
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South Florida is No. 2 in US for mom-and-pop landlords
Individual landlords win big in South Florida Mom-and-Pop landlords are winning big in South Florida. According to Zillow, the region is the country’s second-best market for individual residential...
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Chetrit drops $97.5M on Brickell assemblage
Joseph Chetrit and a rendering of Riverwalk Chris Deitz of Fite Shavell & Associates has brokered a $97.5 million deal for 6.5 acres in Brickell that will become Miami Riverwalk. Plans for the...
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Lennar Homes buys three Miami properties at steep discount
A home in the Rivendell community Miami-based homebuilder Lennar Homes has obtained three bank-owned home development projects in southern Miami-Dade County at a 50 percent discount. TotalBank seized...
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SOFA Delray development scores $29.7M loan
SOFA Delray, a 172-unit project in Delray Beach SunTrust Bank has provided a $29.7 million mortgage for the SOFA Delray apartment project. RD Delray LLC, an affiliate of Miami-based the Related Group,...
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Buffalo Wild Wings inks lease deal, builds new restaurant in Boynton Beach
A Buffalo Wild Wings A new Buffalo Wild Wings is opening in Boynton Beach, despite some minor real estate difficulties. The Minneapolis-based sports bar chain was looking at the former Pete Rose...
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Miami storage facility sells for nearly $5M
5055 Northwest 77th Avenue in Miami A 58,177-square-foot property, which is home to ExtraSpace Storage, in Miami sold for $4.6 million, or roughly $79 per square foot. Miami Storage 18 FL LLC acquired...
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Large Boca Raton office trades for $76M
From left: One Boca Place and Thomas Crocker One of the largest office buildings in South Florida has traded hands to the tune of $76.35 million. One Boca Place Inc. sold the nearly 277,390-square-foot...
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Top stories
Top stories yesterday on The Real Deal: 1. Miami ranked among most expensive world cities 2. Chetrit drops $97.5M on Brickell assemblage 3. Blackstone may double down on SF projects
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Wynwood’s free parking ride could be over
Tomas Regalado and Art Noriega Miami’s rapidly-growing Wynwood neighborhood has benefitted from free street parking in front of businesses and art galleries for years. The city’s parking authority is...
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Prominent developers team up for Hollywood project
From left: Key International’s Inigo Ardid, Related’s Carlos Rosso and 13th Floor’s Arnaud Karsenti Developers the Related Group, Key International and 13th Floor Investments teamed up to acquire 2.4...
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Two plead guilty in Miami-based condo fraud case
The perpetrators of a Miami-based condo fraud scheme entered guilty pleas and await federal prison sentences. Developer Luis Michael Mendez, 44, and Kinetic Mortgage Group owner Wilkie Perez, 39, each...
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Oceana marks ninth new condo completed in South Florida
Oceana Key Biscayne (inset: Peter Zalewski) The latest South Florida condo development cycle continues to gain momentum with a ninth new project – the Oceana Key Biscayne complex – completing...
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Former Miami Dolphin buys Weston home
3816 Pine Lake Drive (inset: Adewale Ogunleye) Former Miami Dolphins defensive standout Adewale Ogunleye plunked down $2.3 million on a home in Weston’s Windmill Lake Estates neighborhood, The Real...
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Coral Gables office building sells for $22.5M
901 Ponce de Leon Boulevard A company tied to Canadian investment firm TMSA Florida Real Estate paid $22.5 million for a Coral Gables office building. TMS Altis 901 LLC acquired the Class A building at...
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Two U.S. Congressmen express skepticism about All Aboard Florida, private...
Rendering of All Aboard Florida’s West Palm Beach station 1. Two U.S. Congressmen express skepticism about All Aboard Florida [South Florida Business Journal] 2. Private equity firms filling South...
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North Olive Place scores $35.5M in financing
North Olive Place Compass Bank has provided the North Olive Place, a multi-family project in downtown West Palm Beach, with a $35.5 million construction loan. The loan will fund the first phase of...
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