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Top stories yesterday on The Real Deal: 1. Chetrit flips Versailles in sale to Faena 2. Luxe Miami Beach residential roars ahead 3. As supply shrinks, a Midtown rental goes condo
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Miami-Dade becoming a landlord’s paradise
Maya Brennan With inventory scarce in Miami-Dade County, it’s cheaper to buy than rent, according to a National Housing Conference study reported in the Miami Herald. The national housing group found...
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Abu Dhabi fund could buy Beach’s Edition hotel
From left, the Miami Beach Edition and Ian Schrager An Abu Dhabi government fund is close to buying three Marriott Edition hotels, a lifestyle brand being developed with hotelier Ian Schrager,...
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Jorge Pérez scores $50M construction loan
BeachWalk at 2600 E. Hallandale Beach Blvd. The Related Group, led by Jorge Pérez, and Related Cos., headed by New York-based Stephen Ross, secured a $50 million construction mortgage for the...
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Blackstone real estate boss now firm’s 4th billionaire
Blackstone’s Jonathan Gray From the New York site: A property wager at Blackstone Group has pushed a fourth executive — the head of the real estate group, incidentally — past the billionaire mark,...
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Gables Estates owner sues for right to demolish
Gables Estates home The owner of a sprawling property in the swanky Gables Estates neighborhood that was recently designated historic is suing the city for the right to demolish it, the plaintiff’s...
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Calif. storage company pays $141M for Palm Beach facilities
Palm Beach County from the sky A California-based storage company has paid $140.8 million for facilities in Palm Beach County, according to city records seen by the Palm Beach Post. Public Storage –...
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Foreign buyers help push SF home prices up 14%
Continuum on South Beach Foreign buyers are supercharging South Florida’s housing recovery, Bloomberg News reported. In the 10 Florida counties that have seen the largest injection of international...
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Today’s priciest listing: $3.6M
Pinecrest Today’s priciest listing is a chateau-style home in North Pinecrest in Miami-Dade County asking $3.6 million. The 6,977-square-foot home at 10801 SW 67th Crescent has seven bedrooms and seven...
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Top stories
Top stories over the weekend on The Real Deal: 1. Gables Estates owner sues for right to demolish 2. Miami-Dade becoming a landlord’s paradise 3. Blackstone real estate boss now firm’s 4th billionaire
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Troubled developer sells off affordable housing
From left, Matthew Greer and Randy Weisburd UPDATED, 10:50 a.m., Aug. 19: The beleaguered, third-largest affordable housing developer in the U.S. has sold its affordable housing division to South...
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Zillow to pay $50M for StreetEasy
From left: Spencer Rascoff, a screenshot of StreetEasy and Michael Smith From the New York site: Real estate information giant Zillow will pay $50 million to acquire New York City-based listings site...
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Thousands of borrowers could elude foreclosure
From left: 700 Sanctuary Drive in Boca Raton, Bill Lilly and Valerie Kaan (Credit: Panache Mag) Thousands of defaulted borrowers across Florida could benefit from the state’s five-year statute of...
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U.S. housing market continues to gain: report
The U.S. housing market is marching towards recovery, according to RealtyTrac’s first-ever market recovery index report. An engine of the U.S. economy, the housing market is approaching pre-crisis...
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Developers investing in SoFla multi-family market
Modera Merrick Park Investors are flocking to South Florida real estate’s multi-family sector, where prices and demand are high. This is due in part to the few vacancies – about 3.5 percent of the...
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Some worry South Tampa land grab is unsustainable
Aerial view of South Tampa South Tampa real estate professionals fear the current land grab is occurring at too frantic a pace, the Tampa Tribune reported.Homebuilders new to the area are bidding up...
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Today’s priciest listing: $13.5M
2363 South Ocean Boulevard in Highland Beach Today’s priciest new listing is a six-bedroom, nine-bathroom single-family home asking $13.5 million. The 13,937-square-feet home is located at 2363 South...
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Top stories
Top stories yesterday on The Real Deal: 1. Thousands of borrowers could elude foreclosure 2. Troubled developer sells off affordable housing 3. Developers investing in SoFla multi-family market
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Venezuelan pharma co. relocates to Broward
Unipharma LLC, a Venezuelan pharmaceutical company, will relocate its headquarters to Tamarac in Broward County, Gov. Rick Scott announced Monday. The company, which manufacturers pharmaceuticals and...
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Telemundo builds $10M studio ahead of World Cup
Deportes Telemundo studio Telemundo has a built a $10 million, state-of-the-art studio in Hialeah in preparation for the 2015 FIFA World Cup. The studio includes a 30-foot video wall, an interactive...
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