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Wells Fargo, QBE propose $19.25M to settle suit’s claims on force-placed...
Adam Moskowitz Wells Fargo Bank and insurer QBE offered to pay $19.25 million to more than 24,000 Florida homeowners in a proposed settlement filed in U.S. District Court in Miami last week, the Palm...
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Olivia Newton-John’s Palm Beach manse for sale
Interior of Olivia Newton-John’s home Grease star Olivia Newton-John put her Jupiter Inlet Colony house up for sale for $6.2 million, Gossip Extra reported. The Australian actress and singer and her...
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South Beach king’s fate hinges on Karachi dream
Thomas Kramer Whether Thomas Kramer, the German developer who spearheaded the revival of Miami Beach’s South of Fifth neighborhood, will evade ruin depends on the success of a $20 billion island city...
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Related’s condo chief Carlos Rosso says last construction cycle still dwarfs...
Carlos Rosso Although tens of thousands of condominiums and rental properties are in the pipeline, the Miami-area is still experiencing inventory shortgages, Carlos Rosso, the head of condo development...
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Editor’s note: South Florida, a real estate enigma
Stuart Elliott From the May issue: South Florida is a real estate enigma: How can an area hit as hard by the housing crisis come back so strong, so fast? But it has, and brokers and developers aren’t...
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ICSC guests work hard, play harder: PHOTOS
From left: Newmark Grubb Knight Frank's Marc Frankel and James Kuhn, Fred Posniak of Malkin Properties and Eva Santiago of Newmark Grubb Knight Frank With music thumping, alcohol flowing and choice...
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Miami metro area’s residential construction spending spiked in April: report
Construction at BrickellHouse in Miami (TRD Photo) Spending on residential construction projects in the greater South Florida area during April increased 88 percent year-over-year, according to McGraw...
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Today’s priciest listing
11778 Calleta Court in Palm Beach Gardens (Credit: Condo Vultures) Today’s priciest new listing is a five-bedroom, six-bathroom single-family home asking $3.95 million. The 6,394-square-foot home is...
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Phillipe Starck’s design firm sues Related Group over an alleged breach of...
Phillipe Starck UPDATED, 9:15 a.m., May 22: The design firm of French architect Phillipe Starck has sued Miami-based Related Group and an affiliate company in Mexico alleging a breach of contract over...
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Top stories
Top stories yesterday on The Real Deal: 1. South Beach king’s fate hinges on Karachi dream 2. Developer’s daring-do belies a hint of caution 3. Olivia Newton-John’s Palm Beach manse for sale
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Los Angeles hotels flock to South Beach
The Redbury Hotel, Los Angeles Los Angeles is expanding its footprint in South Beach, the Miami Herald reported. After the success of the SLS Hotel South Beach, opened last year by the L.A.-based...
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Former Versace mansion listing reduced to $75M
Casa Casuarina Casa Casuarina, the former 1930s Versace mansion in South Beach, had its offer price reduced from $100 million to $75 million, according to Coldwell Banker’s listing agents Jill...
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Fla.’s Firehouse Subs eyes expansion in NYC
From left: Greg Delks, Ever Santana and John Namey of Firehouse Subs, and a rendering of the WTC retail space A 19-year-old Florida sandwich chain is on a national expansion drive and plans to open 60...
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S. Florida home prices soar for fifth straight month
Seller’s market South Florida home prices gained for a fifth consecutive month by more than 20 percent in April as bidding wars break out over a shrinking pool of inventory, the Sun-Sentinel reported....
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Faena’s Argentine aesthetic in South Beach
Faena District Miami Beach Argentine fashion designer-turned-developer Alan Faena hopes to replicate the success of Buenos Aires’ Puerto Madero restoration on a four-block strip of South Beach. Faena...
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Coral Gables music store torn down for bank project
A pre-demolition Spec’s Records & Tapes in Coral Gables (Credit: WQAM) Spec’s Records & Tapes, a mainstay in Coral Gables since 1953, was a casualty in the development of Chase Bank, the Miami...
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Young New Yorkers pick South Florida for second homes
One Thousand Ocean in Boca Raton Many New Yorkers have found their second homes in South Florida. And they’re younger than ever before, several brokers told Real Estate Weekly. Replacing a buyer...
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Today’s priciest listing
Aqua at Allison Island in Miami Beach Today’s priciest new listing is a five-bedroom, five-bathroom townhouse at Aqua at Allison Island asking $5.7 million. The 5,349-square-foot home is located at 217...
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Low-income loans help fill luxury high-rises in Miami’s Midtown neighborhood
Troy Simmons A federal law intended to boost lending in an impoverished Miami neighborhood is helping upper-middle class buyers compete for luxury digs. With 30-year, fixed-rate mortgages available at...
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Top stories
Top stories yesterday on The Real Deal: 1. Los Angeles hotels flock to South Beach 2. Young New Yorkers pick South Florida for second homes 3. South Beach king’s fate hinges on Karachi dream
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