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Immigration reform said to boost housing recovery
The Obama administration’s ongoing efforts to overhaul immigration laws could serve as a boon to the national housing recovery, Bloomberg News reported. The Mortgage Bankers Association is predicting...
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Fannie reaches milestone with largest-ever profit
Fannie Mae posted a $17.2 billion profit for 2012, which marks the government-sponsored mortgage backer’s first annual profit since 2006 and its largest-ever annual profit, the Wall Street Journal...
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West Palm Beach condo association exec arrested for fraud
A former condominium association head in West Palm Beach has been accused of cashing the association’s checks into his personal account, the Palm Beach Post reported. Over the years, while in his role...
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Today’s priciest listing
Today’s priciest listing is a four-bedroom, four-bathroom condominium at One Thousand Ocean in Boca Raton, asking $7.65 million. The 4,628-square-foot digs, at 1000 S. Ocean Blvd., #705, is one of only...
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Top stories
Top stories on The Real Deal yesterday: 1. Coral Gables home sells at discount to hotel developer Karim Alibhai 2. $7.8M sale at Setai South Beach 3. West Palm Beach condo association exec arrested for...
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Doral deputy mayor under fire for alleged property tax improprieties
Doral’s Deputy Mayor Bettina Rodríguez-Aguilera is being accused of property tax impropriety by Miami-Dade county officials, the Miami Herald reported. “Our office found that the councilwoman had...
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Super Bowl tab estimated at $21M
The tab for the 2016 Super Bowl would be around $21 million — about twice what it was last time South Florida held the event — the Miami Herald reported. While local governments would contribute much...
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MMG, Global buy Biscayne Plaza shopping center
Real estate investment companies Global Fund Investments and MMG Equity Partners have acquired the 347,000-square-foot mall Biscayne Plaza in Miami, according to a release from the firms. Biscayne...
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Gymnastics center inks 20K-sf lease in Boca Raton
Rising Star Gymnastics has inked a 20,000-square-foot, five-year lease at 6500 West Rogers Circle in Boca Raton, according to a release from CRE Rauch Lupo Robertson, which represented the landlord in...
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Palm Beach homeowners sue Boca Raton firm under fire from AG’s office
Palm Beach County homeowners filed a lawsuit last week against Boca Raton-based Fidelity Land Trust, the Palm Beach Post reported. The suit claims that Fidelity duped them into signing up for a program...
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Margate Commissioner David McLean pleads not guilty to bribery charges
Margate Commissioner David McLean pleaded not guilty to three counts of bribery, according to a federal indictment unsealed today, the South Florida Sun-Sentinel reported. In January 2010, McLean...
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GL Homes to pay Palm Beach County $2.8 million to opt out of land requirement
Palm Beach County commissioners voted 5-2 on Tuesday night to approve a deal for a developer to opt out of a requirement that it set aside land for civic purposes in exchange for paying the county $2.8...
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Today’s priciest listing
Today’s priciest listing is a two-bedroom, two-bathroom single-family home in Jupiter asking $1.9 million. The 2,077-square-foot home, at 122 West Riverside Drive, offers water frontage and a seawall....
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Top stories
Top stories yesterday on The Real Deal: 1. Coral Gables home sells at discount to hotel developer Karim Alibhai 2. MMG, Global buy Biscayne Plaza shopping center 3. South Florida pending sales continue...
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New county appraiser cracks down on squatters in Miami-Dade
While by some accounts Miami-Dade county became a squatter’s haven in the wake of the recession, due to a law dating back to the 1800s, a new county appraiser may be changing all of that. Carlos...
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Still no deal for Dolphins’ stadium reno
The Dolphins and Miami-Dade Mayor Carlos Gimenez have yet to settle on a deal on the proposed taxpayer-backed renovation of Sun Life Stadium, despite a possible countywide vote, expected May 14, the...
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New extension granted to Margaritaville developer
Lon Tabatchnick, developer of the planned Margaritaville resort, told Hollywood commissioners yesterday he could not meet the city’s April 10 deadline to work out a deal with investor Starwood Capital,...
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The art behind the PAMM controversy
In the last show before the move, artwork that Miami real estate developer Jorge Perez donated to the Miami Art Museum is on display at the museum’s old building, at the Miami-Dade Cultural Center,...
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Dream Hotel owner busted with drugs at airport
Dream Hotel owner Vikran Chatwal has been arrested in Fort Lauderdale for trying to board a plane with oodles of drugs, TMZ reported. The bust went down at Fort Lauderdale Hollywood International...
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Coldwell Banker acquires two Florida firms
Coldwell Banker Real Estate has expanded its reach, acquiring two real estate companies in Florida, HousingWire reported. Coldwell Banker acquired Pruitt Real Estate – which has roughly 70 sales...
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