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$5.2M penthouse sale raises the bar on Brickell
Four Seasons Residences in Miami UPDATED, 1:46 p.m., May 8: The sale of a 70th-floor penthouse at the Four Seasons Residences for $5.2 million has shattered the record amount paid per square foot in...
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Investors vy for the waterfront as condo prices rise
Bal Harbour Investors paid $11.2 million last month for a pair of waterfront development sites on a once-sleepy and now-booming barrier island in Northeast Miami-Dade County, the latest sign of...
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Miami’s top builders let go of bad memories and step up to meet demand
Cranes in Miami From the May issue: It’s anybody’s guess whether real estate in South Florida is headed for another bust, but the boom is clearly on. All the demand, especially for condos, is drying up...
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Suit accuses missing attorney of investor fraud
Timothy McCabe A Palm Beach attorney who vanished nearly six weeks ago is being sued in the county’s circuit court by a couple who say he looted their trust in order to pay off his own mortgage, the...
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Miami area home prices up 8.6 percent from last year
Kendall, Fla. Home sale prices in the greater Miami area increased 8.6 percent in March year-over-year, according to numbers from CoreLogic. Compared to the previous month, prices in the area — which...
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Opportunity real estate funds now target riskier investments
Barry Sternlichtof Starwood Opportunity real estate funds are increasingly testing out a new profit-making strategy, investing in riskier real estate — such as distressed properties or those with large...
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Today’s priciest listing
Apogee condomiums in Miami Beach (Source: Condo Vultures) Today’s priciest new listing is a four-bedroom, three-and-a-half-bathroom condominium asking $9.8 million.The 3,731-square-foot home is located...
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Top stories
Top stories yesterday on The Real Deal: 1. $5.2M penthouse sale raises the bar on Brickell 2. Stephen Ross, Dolphins’ owner and Related founder, pledges half of $4.4B fortune to charity 3. Investors vy...
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South Florida drops title as foreclosure king, according to listings monitor...
Daren Blomquist, RealtyTrac South Florida is no longer the national leader in foreclosures, the Sun-Sentinel reported, citing April figures from RealtyTrac, an Irvine, Calif.-based listings monitor....
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Retailers on a rampage: Stores of all kinds hunt for space, driving up rents
Bal Harbour Shops From the May issue: South Florida’s residential brokers aren’t the only ones singing a song these days. So are their retail counterparts. Boutiques, discount giants, supermarkets,...
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Miami’s Power Studios sold for $8M for retail
Power Studios A gargantuan retail complex is planned for the site of Miami’s iconic Power Studios, where Emilio Estefan produced his first music video and where photographer Bruce Weber shot the late...
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U.S. hotel construction loans back, hoteliers say
Proposed Saxony Hotel and Condo project in Miami Beach Big-time hoteliers are seeing construction lending come back strong, but less-established developers are struggling because of the strict...
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Miami’s tallest condo tower to-be nearly sold out
Echo Brickell Although Echo Brickell is not set to be completed until 2017, all but the priciest units in the planned 60-story condo tower have been snapped up. A month after the condos went on sale,...
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Designer Yves Béhar hired for Miami tower Centro
Designer Yves Béhar Newgard Development Group has tapped award-winning entrepreneur and sustainability advocate Yves Béhar to design its new 37-floor residential tower in downtown Miami, according to...
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Fannie Mae pays $58.7B in dividends to U.S.
Timothy Mayopoulos Fannie Mae will pay the Treasury Department $58.7 billion in dividends by the end of June, Forbes reported. The mortgage finance firm recorded $8.1 billion in pre-tax income in the...
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Today’s priciest listing
Residences At Vizcaya condominium in Miami Today’s priciest listing is a six-bedroom, six-bathroom condominium at asking $6.7 million. The 9,498-square-foot home is located at Residences at Vizcaya,...
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Top stories
Top stories yesterday on The Real Deal: 1. Miami’s tallest condo tower to-be nearly sold out 2. $5.2M penthouse sale raises the bar on Brickell 3. Stephen Ross, Dolphins’ owner and Related founder,...
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Competing visions fuel boom in South Florida
Miami’s Brickell and downtown Competing visions for South Florida are fueling a building boom here, with starchitect skyscrapers rising over Biscayne Bay and ritzy hotels and name-brand condos crowding...
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Elliman’s Florida CEO on her nine new offices and what’s up with buyers
Vanessa Grout From the May issue: Vanessa Grout was a Miamian living and working in the heart of Manhattan when she got the call to head Douglas Elliman Real Estate’s Florida operation. Grout didn’t...
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Chabad-Lubavitch properties set for July auction
Lubavitch Education Center’s rabbinical college The Lubavitch Education Center, the first rabbinical college, or yeshiva, in the southeastern U.S., could be sold in a foreclosure auction set for July,...
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