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Chicago investment firms acquire two Palm Beach office buildings
Royal Palm Way in Palm Beach Two Chicago real estate investment firms Kinship Capital and Pearlmark Real Estate Partners teamed up to buy two office buildings on Royal Palm Way in Palm Beach, the South...
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Today’s priciest listing: $4M
3498 South Ocean Boulevard in South Palm Beach Today’s priciest new listing is a four-bedroom, 3.5-bathroom single-family home asking nearly $4 million. The 2,844-square-foot home is located at 3498...
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Top stories
Top stories yesterday on The Real Deal: 1. Condo developers racing to build in S. Florida 2. PH sales pinched as overseas buyers slow spree 3. Fontainebleau’s $51M shopping center project breaks ground...
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Demand outstrips supply of cold storage space
Companies are scrambling to find cold storage space as the demand for perishable goods rises in South Florida, Daily Business Review reported. Cold storage represents as much as 8 percent of...
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St. Jude’s wins historic designation
St. Jude’s Miami city commissioners voted for historic designation of St. Jude Melkite Catholic Church in Brickell over the opposition of church leaders, the Miami Herald reported. The church has spent...
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Argentine investors buy former Plaza Hotel
The Plaza, South Beach A group of Argentine investors bought South Beach’s now-shuttered Plaza Hotel for $5.5 million from LeaseFlorida, a Miami Lakes-based company that seized the property last year,...
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Continuum unit sells for $3.15 million
100 South Point Drive, Miami Beach A unit at the Continuum in South Beach closed five days after going on the market as investors race to snatch up shrinking inventory. The 1,860-square-foot apartment...
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Vast Bal Harbour condo unit hits market at $28M
10295 Collins Ave., #2604, Bal Harbour A unit at the northern tip of Bal Harbour, but not in the famous St. Regis Bal Harbour, went on the market for $28 million, offering views, a sauna and not much...
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Goldman Properties sells 125-room Park Central hotel on Ocean Drive
Tony Goldman and the Park Central Hotel at 640 Ocean Drive Goldman Properties has sold the 125-room Park Central Hotel on Ocean Drive in Miami to a consortium led by top Miami broker Ricardo Tabet,...
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Versace opens first Florida outlet location in the Colonnade at Sawgrass Mills
Colonnade Outlets Italian fashion giant Versace has opened its first Florida outlet location at the Colonnade Outlets at Sawgrass Mills, the South Florida Business Journal reported. The brand will set...
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Today’s priciest listing: $4.8 million
2317 Solar Plaza Drive in Fort Lauderdale Today’s priciest listing is a seven-bedroom, eight-bathroom single-family house in Fort Lauderdale asking just under $4.8 million. Located at 2317 Solar Plaza...
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Steve Witkoff nets $5M on Sunset Lake home flip
2817 Lake Ave., Miami Beach Real estate investor Steve Witkoff flipped a Sunset Lake mansion in Miami Beach for $14.75 million in July, netting more than $5 million profit after only 13 months of...
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Top stories
Top stories over the weekend on The Real Deal: 1. Condo developers racing to build in S. Florida 2. PH sales pinched as overseas buyers slow spree 3. Argentine investors buy former Plaza Hotel
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The Closing: Alan Faena
Alan Faena Alan Faena is an Argentine developer who dislikes the term. He prefers curator to describe his role in bringing about Buenos Aires’ Puerto Madero and the Faena District in Miami Beach, which...
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Miami Gardens site slated for Nigerian arts center
A Nigerian churchgoer in Miami Gardens The city of Miami Gardens has leased a vacant piece of land behind a chain link fence to the local Nigerian community, who hope to transform it into a cultural...
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The Drasners list Four Seasons unit for $27M
Fred and Lora Drasner and 54th-floor unit at Four Seasons, Miami A former co-owner of the Washington Redskins NFL team and the New York Daily News has listed a unit in the Four Seasons Residences in...
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All Aboard Florida will soon award bids to design Miami-Orlando railroad...
Husein Cumber Florida East Coast Industries, the company planning the All Aboard Florida passenger train service from Miami to Orlando, says it is close to awarding bids to design the railroad...
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Brokers, lenders and builders all have lobbying groups — why not homeowners?
Do 75 million homeowners need their own advocate before Congress and federal agencies on issues such as the mortgage-interest tax deduction, retention of low down payment loans, and the start of...
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Citibank in Miami Beach changes hands for $7.8M
Citibank in Miami Beach and Marcus & Millichap’s Marc Strauss Six months after Citibank set up shop in Miami Beach, the building has changed hands for $7.8 million, GlobeSt reported. A Miami-based...
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Units in South Florida boast median presale price of $725 per square foot
23 Biscayne Bay in Miami Developers, optimistic about the condominium market’s rebound, are listing thousands of preconstruction units in South Florida for a median presale price of $725 per square...
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