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Sale of Hotel Clifton draws “tremendous” interest
Hotel Clifton “Location, location, location!” Paramount Lodging Advisors’ Mike Hartman said of the Hotel Clifton, a South Beach Art Deco property his firm and Cambean Hospitality have teamed up to...
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REIT deals hampered by share price drops
Equity Group Chairman Sam Zell After a heady year that has seen almost $36 billion worth of deals to date, real estate investment trusts are likely to scale back on their acquisitions, following a drop...
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Related buys vacant site in Brickell for $32M
Matthew Allen Related Group bought an undeveloped, 1.37-acre parcel in Miami’s Brickell district for $32 million, the Daily Business Review reported. The parcel, steps away from the $1.05 billion...
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Moishe Mana hopes to push Wynwood prices up with art complex project
Moishe Mana and Wynwood Businessman Moishe Mana, who is looking to build a Tribeca-like neighborhood in Jersey City, has also set his sights on Miami real estate, Haaretz reported. Mana recently bought...
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Developer bets his Rothkos on Bellini project
From left, Martin Margulies and rendering of Bellini Williams Island Martin Margulies is so driven to wrap up his latest condominium project before Miami’s next crash that he is doing something...
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Costa Hollywood Condo Resort breaks ground
A rendering of Costa Hollywood Costa Hollywood Condo Resort, a $180 million residential complex in Hollywood Beach that will have its own synagogue and kosher deli, broke ground this week, the Sun...
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Today’s priciest listing: $2.78M
The Mediterranean-style home at 637 Destacada Avenue Today’s priciest new listing is a two-story Mediterranean-style home in the Cutler Oak Estates in Coral Gables asking $2.775 million. The...
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Top stories
Top stories over the weekend on The Real Deal: 1. Sale of Hotel Clifton draws “tremendous” interest 2. Related buys vacant site in Brickell for $32M 3. Miami investors lead group buy of Chicago’s...
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Companies pay premium to hedge against storms
Downtown Miami after Hurricane Wilma On the third floor of the New World tower in downtown Miami, generators large enough to power a small city serve as backup in case of the devastating hurricanes and...
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“Avenir” could be in Palm Beach’s future
Proposed “Avenir” A proposal for a residential community with enough space for 20,000 people on a former cattle ranch in northern Palm Beach County has drawn the ire of environmentalists, who say the...
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Port Everglades’ $313M expansion would speed up cargo traffic but harm habitats
Port Everglades The proposed expansion of Port Everglades, one of the country’s deepest and busiest ports, to accommodate an enlarged Panama Canal would improve safety and lessen delays, but not...
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Related uses hefty deposits to hedge against crash
Jorge Pérez Related Group is hedging against the risk of a mass exodus from South Florida’s condo market by taking up to 100 percent of the sales price as an initial deposit, principal Jorge Pérez told...
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Will Miami become an “American Atlantis?”
Flooding in Miami Beach As rivers of money flow from overseas investors into Miami, the city is on its way to becoming “an American Atlantis,” according to Rolling Stone. With sea levels rising,...
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FAU research park hits 80 percent occupancy
Florida Atlantic University Research and Development Park Leases totaling 52,570 square feet in space have brought the occupancy at the Florida Atlantic University Research and Development Park in Boca...
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Shore Club hotel owner redeems $164M foreclosure
Shore Club hotel The owner of South Beach’s iconic Shore Club hotel redeemed a $164.1 million foreclosure last week, according to a court docket cited by the South Florida Business Journal. The...
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Today’s priciest listing: $3.495M
Homes at Woodfield Country Club in Boca Raton Today’s priciest new listing is a six-bedroom, six-bathroom single-family home asking $3.495 million. The 7,717-square-foot home is located at 3776...
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Top stories
Top stories yesterday on The Real Deal: 1. Will Miami become an “American Atlantis?” 2. Shore Club hotel owner redeems $164M foreclosure 3. Related uses hefty deposits to hedge against crash
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Miami-Dade’s tax base boosted from trophy sales
Carlos Lopez-Cantera Miami-Dade County’s property tax base rose 3.39 percent for 2013, the second year of growth after the crippling real estate crash of 2008, the Miami Herald reported. The total...
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Deserted homes blight Florida’s improving market
Abandoned swimming pool Tens of thousands of Florida homeowners have abandoned properties threatened by foreclosure, a dark spot in the Sunshine State’s otherwise brightening real estate market, the...
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Brazil’s turmoil boosts Miami’s real estate
From left: protest in Rio de Janeiro, Midtown Miami and Mayi de la Vega Brazil’s reversal of fortune has been a boon for South Florida as cash-rich investors put more money into Miami-area bricks and...
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