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One Thousand Ocean closes $8.7M penthouse deal
One Thousand Ocean has closed the sale of one of its penthouse units for $8.7 million, or $1,540 per square foot — the highest per-square-foot price to date at the building, according to an...
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Developer Samuel Gaita facing foreclosure lawsuit for Miami-Dade County
Developer Samuel Gaita is facing foreclosure, following a lawsuit from Miami-Dade County, the South Florida Business Journal reported. Samuel Gaita and his Gaita Gardens, a low-income apartment complex...
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Disgraced Miami official behind new affordable housing in Allapattah
Six new townhouse-style apartments for low-income residents were unveiled by entrepreneur Ortelio Marcelo in Miami’s Allapattah neighborhood on Tuesday. However, as the Miami Herald revealed today, the...
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Today’s priciest new listing
Today’s priciest new listing is a five-bedroom, four-bathroom, 5,237-square-foot single-family home that is asking $7.9 million, according to Condo Vultures. The waterfront house, which is located at...
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‘Real Housewives’ cast member sues Miami Beach over mansion’s fate, as 42...
The Miami Beach plastic surgeon married to “The Real Housewives of Miami” star Lisa Hochstein has filed a lawsuit with the city over the 88-year-old Star Island mansion that was the center of a...
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Top stories
Top stories yesterday on The Real Deal: 1. Downtown Miami to get new loft-style condo tower 2. Judge rules for Eden Roc in Renaissance hotel battle 3. Office manager embezzeled $200K from Gulf to Bay...
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Florida foreclosure inventory drops, but state still leads nation in...
Florida remains the foreclosure capital of the U.S., the Miami Herald reported. 95,177 foreclosures were processed in the last year in the state, according to numbers from CoreLogic. And the trend is...
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Scott to tell Obama to foot the bill for port upgrades
Florida Governor Rick Scott is using President Barack Obama’s visit to the state to deliver a simple message: pay up. The president will appear at the port of Miami today to discuss infrastructure...
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DARCA kicks off building in the Design District
After DACRA demolished several blocks of the Design District two months ago to bring luxury retail to the area, work had stopped. But now it appears the project is finally moving forward, Curbed...
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Owners of energy-efficient homes less likely to default on mortgages
If you buy or own an energy efficient house, does this make you less likely to default on your mortgage? Is there a connection between the monthly savings on utility costs and the probability that...
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Rape charges against Aspen real estate mogul dropped
First-degree rape charges against Keith Hartigan, a Denver-based real estate mogul and CEO of View West Properties, have been dismissed by the Manhattan District Attorney’s Office, the New York Post...
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Fisher Island Club completes renovations
Renovations have been completed at two Miami Beach country clubs, the Miller Construction Company, which handled the overhauls, announced today. Both the Racquet Club and the Links Golf Club,...
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Follow TRD on Twitter
The Real Deal‘s Twitter feed is the go-to source for real estate insiders on the move. Follow @trdmiami for a constantly-updated look at the latest in real estate news, play-by-play accounts of...
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Palm Beach estate hits the market for $32.5M
A two-acre oceanfront Palm Beach property known as Paradisio del Mar has hit the market asking $32.5 million, according to John Poletto and Mark Nestler of Nestler Poletto Sotheby’s International...
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Today’s priciest new listing
Today’s priciest new listing is a five-bedroom, six-bathroom condominium in Coral Gables asking $5.3 million. The 7,500-square-foot home at 10 Edgewater Drive, #12-AC, offers waterfront access,...
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Top stories
The top stories on The Real Deal yesterday: 1. Coral Gables home sells at discount to hotel developer Karim Alibhai 2. To cope with housing inventory drought, brokers get old-school 3. Brazilians top...
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Boynton Beach developer to meet with city in hopes of retaining variance...
The developer of a stalled hotel in Boynton Beach will meet with city officials to make his case to retain a height variance that was granted six years ago, in hopes of reviving the project, the Palm...
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South Florida pending sales continue to climb, while residential inventory falls
Residential inventory in South Florida slipped to 32,995 from 33,350 active listings for the week ending April 1, 2013. During the same period, pending sales increased slightly, to 24,413 from 24,406....
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$7.8M sale at Setai South Beach
A condominium sale at the Setai South Beach is the highest price paid so far for a non-penthouse home at the building, according to a release from EWM Realty International, which handled the sale. The...
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Hollywood Margaritaville developer to request another extension
Lojeta Group, the developer of the Margaritaville Hollywood Resort, is slated to request another extension from the city, the Hollywood Margaritaville Blog reported. Though the Hollywood City Manager...
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