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Top stories
Top stories yesterday on The Real Deal: 1. Boom-era condo units unsold in downtown Miami 2. Upscale stores up prices in Design District 3. Top developers will discuss South Florida market at May 16 TRD...
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Land grab in once-seedy Miami neighborhood
Edgewater Land values in Miami’s Edgewater neighborhood are appreciating quickly as developers gobble up parcels, the Daily Business Review reported. Miami-based Related Group, led by real estate...
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Wynwood bar owners claim police persecution
Villa 221 Bar owners in Miami’s booming Wynwood neighborhood say recent busts show the police are in league with downtown club owners to temper the popularity of the arty enclave, the Miami New Times...
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Canadians boost Southwest Florida home sales
Bill Weed Canadians are helping revive Southwest Florida’s moribund housing market, according to the Sarasota Herald-Tribune. “They are buying property all over the place,” realtor Bill Weed, who works...
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Renderings of renovated 1920s racetrack released
A rendering of the Hialeah Park race track casino Architectural renderings show that Hialeah Park, a flamingo sanctuary and the first greyhound pari-mutuel racetrack in the U.S., will largely retain...
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Former Goldman Sachs banker’s bet on housing
A single-family home in Naples, Florida Robert Mullen, the former head of Goldman Sachs’ credit and mortgages division, has raised nearly $1 billion to buy distressed single-family houses across the...
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South Florida home inventory drops, sales rise
South Florida residential inventory (Click to enlarge image) Residential inventory in South Florida decreased to 32,685 from 32,697 active listings for the week ending April 22, 2013. During the same...
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Ex Florida governor’s former home for sale
A portrait of Lawton Chiles The onetime Lakeland, Fla., home of Lawton Chiles, a two-term governor and career politician, has been listed for $749,500, the Ledger newspaper reported. Known as “Walkin’...
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Today’s priciest listing
Today’s priciest new listing is a three-bedroom, four-bathroom, 3,466-square-foot condo asking $2.6 million. The condo, built in 2006, is located at 3101 South Ocean Drive, apartment number 2403, in...
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Top stories
Top stories yesterday on The Real Deal: 1. Land grab in once-seedy Miami neighborhood 2. Boom-era condo units unsold in downtown Miami 3. Upscale stores up prices in Design District
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Suffolk County technically in default due to interest payment gaffe
The Hamptons in Suffolk County Suffolk County, home to the Hamptons and some of the country’s poshest homes, accidentally missed an interest payment on its debt, CNBC reported. The gaffe, which...
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Historic theater to be spared from demolition
Fillmore Miami Beach theater A historic Miami Beach theater will be spared from demolition after a developer in the running for a $1 billion remodeling project bowed to protesters, the Miami Herald...
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‘Transformation’ in South Florida housing market is sustainable, Metrostudy...
Brad Hunter As South Florida’s housing inventory shrinks, so does its vacant land, fueling a bidding war among builders and a rapid rise in construction costs and home prices, surveyor Metrostudy’s...
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Century Homebuilders pays wetlands settlement
Sergio Pino Miami developer Sergio Pino’s Century Homebuilders paid a $460,000 settlement to conclude a six-year, federal wetlands protection case, Daily Business Review reported. The federal...
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South Florida hotels near full occupancy in March
The Betsy South Beach South Florida hotels enjoyed a spike in occupancy rates in March compared to a year ago, according to the Miami Herald, citing Smith Travel Research’s recently released figures....
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Ikea moves up date of South Florida debut
An IKEA store Ikea Group, the word’s largest home-furnishings retailer, will open a Miami-Dade store ahead of projections, according to New Times. The 47,000-square-foot location will stock nearly...
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Florida banks return to vying for real estate loans
Florida banks newly infused with cash are competing for a burgeoning pool of real estate loans, pushing down interest rates, Miami Today reported. “We’ve come full circle,” real estate attorney Ross...
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Today’s priciest listing
137 Commodore Dr. Today’s priciest new listing is a five-bedroom, five-bathroom, 6,225-square-foot single-family home asking $5.495 million. The waterfront house is located at 137 Commodore Drive in...
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Top stories
Top stories yesterday on The Real Deal: 1. Land grab in once-seedy Miami neighborhood 2. ‘Transformation’ in South Florida housing market is sustainable, Metrostudy economist says 3. Boom-era condo...
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Zillow chief sees home value surge halting
Spencer Rascoff South Florida home values rose 12 percent in the first quarter of 2013, according to Seattle-based Zillow.com, but the surge won’t last, chief executive Spencer Rascoff told an...
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