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Terra Group’s Grove at Grand Bay breaks ground
Rendering of one of the Grove at Grand Bay towersMiami-based Terra Group has broken ground on Grove at Grand Bay, a pair of steel and glass towers designed in Coconut Grove, Fla., by celebrity Danish...
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Foreclosure home sales slip in South Florida
U.S. foreclosure-related sales activity (Credit: RealtyTrac) Sales of South Florida homes in some stage of foreclosure fell in the first quarter of the year, according to a report released today by...
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Inventory of new development condos outpaces resale listings in rare flip
Bellini at Williams Island in Aventura For the first time in at least five years, the number of condominium units in the development pipeline in South Florida has outnumbered listings for resale units,...
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Today’s priciest listing
Today’s priciest new listing is a five-bedroom, five-bathroom single-family home asking $8.5 million. The 6,233-square-foot home is located at 134 Casa Bendita in Palm Beach. No further description was...
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Top stories
Top stories yesterday on The Real Deal: 1. South Beach Setai $8.6M condo sale sets record 2. Morgans fighting bad deal it made in recession 3. High-end home sales smash records as South Florida market...
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Leveraged buyout king pays $15M for SoBe condo
From left: Myles Chefetz, Ocean House penthouse and Marc Leder A penthouse at Ocean House, a 28-unit condominium tower at 121 Ocean Drive in South Beach, was sold for $15 million, or $3,592 per square...
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Are kickbacks making a comeback?
A settlement between the federal Consumer Financial Protection Bureau and a Texas homebuilder is drawing renewed attention to a controversial issue that was prominent during the years preceding the...
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Miami Heat are big players in SoFla real estate
From left: Lebron James and his Coconut Grove home Miami Heat players are on fire on and off the court, buying and selling some of the region’s biggest-ticket real estate, South Florida Business...
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Russian billionaire to level $95M Palm Beach manse
Russian tycoon Dmitry Rybolovlev plans to demolish Maison de L’Amitie at left Russian fertilizer tycoon Dmitry Rybolovlev plans to level the $95 million Palm Beach property he bought from Donald Trump...
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Sex does sell in real estate: Study
Christopher Austad the agent and the former model Being beautiful on the inside just doesn’t cut it for agents listing and selling homes. Rather, agents deemed to be physically attractive list homes...
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Fisher Island shipping terminal trades for $10M
Fisher Island The 5.6-acre Fisher Island shipping terminal has traded hands for $9.9 million, the South Florida Business Journal reported. An entity named Miami Beach Port LLC purchased the site, which...
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Miami faces huge threat from storm surges: Report
Stormy Miami The Miami area faces one of the greatest threats from storm surges among metro areas nationwide, with 240,000 properties worth $100 billion at risk, according to a CoreLogic report seen by...
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Today’s priciest listing
Regalia in Sunny Isles Beach Today’s priciest new listing is a four-bedroom, five-bathroom condominium at Regalia asking $9.5 million. The 5,515-square-foot home is located at 19505 Collins Avenue,...
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Top stories
Top stories over the weekend on The Real Deal: 1. Leveraged buyout king pays $15M for SoBe condo 2. Russian billionaire to level $95M Palm Beach manse 3. Miami Heat are big players in SoFla real estate
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Downtown Fort Lauderdale and beaches show signs of a seller’s market: Condo...
Downtown Fort Lauderdale Prices could rise and inventories fall short of demand in downtown Fort Lauderdale and neighboring beaches if rents continue to rise and more condominiums aren’t soon built,...
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Federal probe of developer baffles supporters
Matthew Greer Politicians and affordable housing advocates that have benefited from Carlisle Development Group’s largesse are baffled by the federal grand jury investigation that has tainted the...
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Developers tailor interior design to buyers
From left: Forato Design Group model unit and Azul y Company model unit at Vizcayne Vizcayne, twin 49-story towers on Biscayne Bay in downtown Miami, broke ground to great fanfare in late 2011....
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Palm Beach judge speeds foreclosures to trial
Judge Peter Blanc Palm Beach County foreclosure cases that have lingered for years are speeding through the system following a judge’s order to clear court dockets, the Palm Beach Post reported. One...
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The New York June issue is live!
What does it take to succeed in New York City real estate? John Burger might tell you it comes down to the personal touch: Working with only an assistant, answering his own phone, and pruning his...
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Property values climb across South Florida
Monterra in Cooper City The counties of Miami-Dade, Palm Beach and Broward are feeling a rise in property values, measured by the estimated taxable value of residential and commercial property,...
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