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Aria buys Collins Ave. apt. complex for $5M
Future retail at 825 Collins Ave. Aria Development Group has acquired a 7,310-square-foot, two-story residential apartment building for $5 million at 825 Collins Avenue in Miami Beach that it plans to...
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Former Delray Beach city commish sentenced to seven years in prison for real...
Charlotte Durante A Palm Beach County judge sentenced former Delray Beach City Commissioner Charlotte Durante to seven years in prison for first-degree felony charges of fraud and money laundering, the...
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Change Capital leases HQ space at 600 Brickell
600 Brickell Ave. International investment firm Change Capital Inc. has leased 14,172 square feet at Miami’s newest office tower, Brickell World Plaza at 600 Brickell Ave., for its new corporate...
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Today’s priciest listing
The Ritz-Carlton in Fort Lauderdale Today’s priciest new listing is a two-bedroom, two-bathroom condominium asking $14.5 million. The 3,833-square-foot ocean-facing apartment is located atop the...
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Villa Fendi sells for record-breaking $14M
From left, Villa Fendi and Luca Formilli Fendi Villa Fendi, the uber-contemporary Dilido Island mansion of fashion designer and speedboat racer Luca Fendi, sold for $14 million, a record sale for the...
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British Virgins Islands-based co. buys foreclosed North Bay Village site
North Bay Village A developer based in the British Virgin Islands has taken a site in the island enclave of North Bay Village out of foreclosure, the South Florida Business Journal reported. The...
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Key Biscayne nearly recovered from condo crash
Key Biscayne Key Biscayne, a 1.2-square-mile island separated by a series of bridges from downtown Miami, is nearly fully recovered from South Florida’s condo crash, Condo Vultures principal Peter...
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Wellington residents don’t horse around
Georgina Bloomberg, courtesy of ASPCA The small Palm Beach County village of Wellington has become a magnet for wealthy horse-lovers, the Wall Street Journal reported. Wellington is built around...
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Madison Realty Capital picks up defaulted loan and with it, southwest Miami...
Josh Zegen Madison Realty Capital, a New York-based commercial real estate investment fund, bought a defaulted senior note from Wells Fargo collateralized by a mostly vacant retail park in southwest...
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Mansion on Miami Beach’s La Gorce Island sets record with $30M sale
Castello del Sole interior An 11-bedroom estate known as Castello del Sol has been sold for a record-breaking $30 million, making it the most expensive home ever bought on La Gorce Island in Miami...
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Condo growth in Palm Beach, Broward slowing down: report
BeachWalk in Hallandale When it comes to condominiums, many developers are ignoring Palm Beach and Broward counties, a principal at Bal Harbour-based consulting firm CondoVultures told the Sun...
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Today’s priciest listing: $5M
11530 Northwest Sixth Place Today’s priciest new listing is a five-bedroom, six-bathroom single-family home asking $5 million. The 6,100-square-foot home is located at 11530 Northwest Sixth Place in...
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Top stories
Top stories yesterday on The Real Deal: 1. Villa Fendi sells for record-breaking $14M 2. Mansion on Miami Beach’s La Gorce Island sets record with $30M sale 3. Key Biscayne nearly recovered from condo...
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Magic Johnson venture loses $5.8M on Calle Ocho
Magic Johnson Basketball legend Magic Johnson, part of a joint venture in Little Havana, took a $5.8 million loss on a project that never took off, the South Florida Business Journal reported....
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New warehouse construction in Airport West
Flagler Station Miami-Dade’s massive business park Flagler Station is abuzz with the sounds of construction as companies prepare for the planned expansion of the Panama Canal, the city’s underground...
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Beer pong, hang gliding, turkey hunting: brokers nurture client loyalty in...
From left: Dan Critchett and Michael Rubin In order to distinguish themselves, some New York City brokers are taking the aphorism “the sky’s the limit” literally, resorting to tactics such as hang...
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Q&A with Fortune Intl.’s Edgardo Defortuna
Edgardo Defortuna Defortuna, 57, is president and chief executive of Fortune International, a real estate development firm and brokerage with projects currently underway in South Florida and Argentina....
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Dwyane Wade basks in championship at Vizcayne
From left, Michael Ambrosio, ISG World president; Miguel Poyastro, partner at Fortune Capital Partners; Vizcayne director of sales, Fadia Bassi; ISG principal Craig Studnicky, Dwyane Wade and and...
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Over 400 homes sold at Delray Beach development
The Bridges in Delray Beach The 591-home luxury development known as the Bridges in Delray Beach has sold most of its properties, the Sun Sentinel reported. Sunrise-based residential developer GL Homes...
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Bill would replace Fannie, Freddie with reinsurer
Freddie Mac From the New York site: A group of U.S. senators from both sides of the aisle is expected to propose legislation to create a government reinsurer to replace Fannie Mae and Freddie Mac,...
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