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The grandeur of ‘Gatsby’
From left: Beacon Towers, Gatsby’s home in Baz Luhrmann’s film From Luxury Listings NYC: Driving through the iron gates of Sands Point, you can imagine Jay Gatsby — in an ever-so-pale pink suit —...
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Shady upselling returns to mortgage market
It’s called “upselling” — steering home mortgage applicants into higher-cost terms that increase the lender’s profits — and it was rampant during the housing boom years. It worked like this: Rather...
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Ft. Lauderdale manager recommends Marina Lofts
From left: Marina Lofts and developer Asi Cymbal The developer of Marina Lofts in Fort Lauderdale, the mixed-use starchitect project that has drawn criticism for the proposed relocation of an African...
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CoreLogic: S. Florida home prices could cool
Prof. Sean Snaith As South Florida home prices near the peak of the last boom, real estate analysts predict the trend to reverse, according to a new CoreLogic Case-Shiller report. Homes prices in...
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Budweiser estate asking $8.9M gets price cut again
Budweiser estate on Palm Island The historic Miami-Dade County home built for Anheuser-Busch beer magnate Clarence M. Busch has listed for $8.9 million, an additional price chop from its $12 million...
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Seniors settle into rentals at Palace at Coral Gables
Palace at Coral Gables rendering At the Palace at Coral Gables, residents can spend their golden years surrounded by gold ochre marble. The $100 million project at 1 Andalusia Avenue is a luxury rental...
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Today’s priciest listing: $3.3M
3590 Vista Court in Coconut Grove Today’s priciest new listing is a five-bedroom, six-bathroom single-family home asking nearly $3.3 million. The 3,993-square-foot home is located at 3590 Vista Court...
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Top stories
Top stories yesterday on The Real Deal: 1. CoreLogic: S. Florida home prices could cool 2. After much ado, Aloft Hotel opens in Brickell 3. Ft. Lauderdale manager recommends Marina Lofts
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Turnberry heir Jeffrey Soffer marries Australian supermodel Elle Macpherson
The happy couple South Florida real estate mogul Jeffrey Soffer married on-again, off-again girlfriend Elle Macpherson in Fiji, Us Weekly reported. Soffer, the heir to the Turnberry empire, is known...
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Florida homeownership rates on the decline
Mike Larson Homeownership rates in Florida, which began to dwindle even during the last real estate boom, are unlikely to recover to their historic highs, the Sun-Sentinel reported, citing a U.S....
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Insurance broker’s lease bucks Broward trend
2400 East Commercial Blvd., Fort Lauderdale Insurance broker USI has inked a lease for 17,400 square feet at Coastal Tower in Fort Lauderdale, bucking the trend of Broward County’s growing vacancy rate...
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Late real estate tycoon’s Aventura penthouse sells after $3.3M price cut
Bella Mare Tower, 6000 Island Blvd., and Steven Posner The Williams Island penthouse of the late South Florida real estate tycoon Steven Posner has sold for $4.65 million, after a $3.3 million price...
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Limited-edition homes: That’s so Miami
Artist rendering, 18 Gramercy Park The Miami trend of “limited-edition” condos has caught on in The Big Apple, Forbes reported. In South Florida, examples of developers’ enthusiasm for this niche...
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Ocean’s Edge at Singer Island all sold out
Ocean’s Edge at Singer Island All 40 condominium units, averaging $2.3 million apiece, have sold out at Ocean’s Edge at Singer Island in Palm Beach County, the Palm Beach Post reported. Most of the...
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Mexican billionaire sets Trump Tower record with $14.3M sale in NYC
From left: Carlos Peralta and his apartment at Trump Tower, 725 Fifth Avenue From the New York site: A Mexican billionaire has sold his Trump Tower apartment to a Japanese retail mogul for $14.3...
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Today’s priciest listing: $6M
Le Lac community in Boca Raton Today’s priciest listing a six-bedroom, six-and-a-half-bathroom single-family home asking nearly $6 million. The 7,200-square-foot lakefront home is located at 6024 Le...
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Key International holds 400 Sunny Isles groundbreaking ceremony: PHOTOS
Construction is underway at 400 Sunny Isles Key International Sales joined city officials, developers and capital partners for the groundbreaking of the 260-unit 400 Sunny Isles condo development. [more]
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Top stories
Top stories yesterday on The Real Deal: 1. Turnberry heir Jeffrey Soffer marries Australian supermodel Elle Macpherson 2. Florida homeownership rates on the decline 3. CoreLogic: S. Florida home prices...
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Miami’s H.I.G. pays $133M for foreclosures in Spain
Spanish protestors’ sign says: “Let’s occupy Sareb” Miami-based private equity group H.I.G. Capital will buy a majority stake in a package of 939 foreclosed homes in Spain known as Project Bull, the...
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SoFla’s biggest home insurer nets $17M in profits
Universal Insurance Holdings’ company logo Florida’s largest private home insurance company, Universal Insurance Holdings, saw profits more than double in the second quarter even as it faced regulatory...
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