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Lending businesses buoy homebuilders’ profits in third quarter: VIDEO
Homebuilders see revenue gains U.S. homebuilders are seeing revenue growth — and they have their lending businesses, not construction, to thank, Bloomberg News reported. Both Lennar and Pulte Group,...
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National market report
From the December issue: In our monthly roundup of real estate news from across the country, The Real Deal looks at the priciest Minneapolis office building sale since 2007, a San Francisco building...
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Today’s priciest new listing
Today’s priciest new listing is an eight-bedroom, six-bathroom, 7,070-square-foot single-family home that is asking $8.9 million, according to Condo Vultures. The waterfront house, which is located at...
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Site near Miami’s Dadeland Mall gets $17.2 million refinancing arranged by HFF
A 71,888-square-foot mixed-use property across from the Dadeland Mall in Miami has received $17.2 million in financing arranged by HFF. The property is located on 4.3 acres at 7400 and 7440 North...
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Jimmy Tate and Sergio Rok ramp up activity with $23 million Coral Springs sale
The partnership of developers Jimmy Tate and Sergio Rok has sold the Coral Landings II property in Coral Springs for just over $23 million. The note on the property was first purchased by the pair in...
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Sales at St. Regis Bal Harbour top $758M
Condominium sales at the St. Regis Bal Harbour have topped $758 million, according to a report from brokerage and consultancy Condo Vultures. The property has sold more than 200 units since launching...
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Diageo to move Miami office to 396 Alhambra office complex in Coral Gables
Connecticut-based Spirits company Diageo has announced that it will be relocating its Miami office to the 396 Alhambra complex in Coral Gables. Diageo’s lease at its current location at 5301 Blue...
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Two Palm Beach mobile home park face $30M foreclosure suit
Two mobile home parks, Suni Sands Mobile Home Park and Ocean Tide of Riviera Beach in Palm Beach County, are the targets of a $29.5 million foreclosure lawsuit, the South Florida Business Journal...
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Housing affordability drops, as market recovery takes hold
While rising home prices are a boon to the greater economy, they are also starting to squeeze the record affordability that was drawing so many home buyers back into the market, CNBC reported. The...
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“Like” The Real Deal magazine on Facebook here, and you’ll be sure to stay abreast of the latest real estate news. Our Facebook page features breaking industry stories, links to quirkier pieces and...
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Standard Pacific buys 34 homes for $8.8 million in Boca Raton
Irvine, Calif.-based Standard Pacific Homes has purchased 34 homes for $8.8 million at the Oaks at Boca Raton, the Sun Sentinel reported. Kenco Communities sold the properties within the 469-unit...
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Today’s priciest new listing
Today’s priciest new listing is an eight-bedroom, eight-bathroom, 8,529-square-foot single-family home that is asking $4.5 million, according to Condo Vultures. The waterfront home, which is located at...
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Related to break ground on New River Yacht club rental tower in Fort Lauderdale
Related Group will break ground on the New River Yacht Club rental tower in Fort Lauderdale on Friday, the company announced. The 249-unit project represents the first residential tower in five years...
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Chicken Kitchen signs lease for half of Don Pan location in Coral Gables
Eatery Chicken Kitchen has signed a lease for half of bakery Don Pan’s location in Coral Gables, according to Beacon Hill Property Group. The deal is for a 2,000-square-foot space at 400 South Dixie...
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Deer Run Plaza retail center in Deerfield Beach sells for $2.77 million
The Deer Run Plaza shopping center in Deerfield Beach has been sold for $2.77 million, according to Marcus & Millichap, which had the exclusive listing on the property. Deer Run Plaza, which is...
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HFF Miami closes sale of 102,170-square-foot Ormond Beach shopping center
HFF Miami has closed the sale of Ormond Beach Mall, a 102,170-square-foot, Publix-anchored shopping center in Ormond Beach. HFF marketed the property on behalf of seller Odyssey IX DP II, which is...
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Miller Construction to build new 35,000-square-foot Ashley Furniture in WPB
Miller Construction will begin building the new Ashley Furniture HomeStore location at 2101 Palm Beach Lakes Boulevard in West Palm Beach in January. The 35,000-square-foot, $5 million project is...
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Fed continues easing, says rates will remain low until unemployment,...
The Federal Reserve today pledged to keep interest rates low until unemployment falls below 6.5 percent and inflation reaches 2.5 percent, CNBC reported. This means the Federal Reserve may be pumping...
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U.S. mortgage applications rise, as interest rates reach historic lows
The number of mortgage applications during the week ending December 7 increased 6.2 percent on a seasonally adjusted basis and 6 percent on an unadjusted basis, the Mortgage Bankers Association...
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