The owner of the future Conrad Fort Lauderdale Resort & Residences has launched unit sales for the luxury condo-hotel. [more]
Condo-hotel prices range from $450,000 to $1.8M, excluding three penthousesMarch 07, 2014 01:30PM
Nearly 30 percent of area homes still have negative equity, howeverMarch 07, 2014 12:45PM
The latest report from Irvine, Calif.-based CoreLogic showed the number of underwater mortgages in Miami, Miami Beach and Kendall fell to 136,580 during the fourth quarter of 2013, the Miami Herald reported. More than 32 percent, or 150,274, properties in the area owed more on their mortgages than market value during the third quarter of last year. [more]
Fashion icon says he would transform South Beach property through renovationsMarch 07, 2014 12:00PM
Expanding into the hospitality sector, fashion icon Tommy Hilfiger is on the verge of acquiring the Raleigh Hotel in South Beach for an undisclosed price.
Hilfiger is in discussions with Raleigh owners David Edelstein and Sam Nazarian about buying the 1775 Collins Avenue property and extensively renovating the hotel, the Miami Herald reported. The designer told Women’s Wear Daily he wants to transform the Raleigh into a five-star hotel and make it the flagship property of his new Hilfiger Hospitality venture. Hilfiger and the sellers began talking about the potential deal during Art Basel Miami Beach last December. [more]Developers want to build high-rise near Arsht CenterMarch 07, 2014 11:15AM
Miami’s Planning, Zoning and Appeals Board declined to endorse Melo Group’s proposed 36-story building near the Adrienne Arsht Center for the Performing Arts north of downtown Miami.
In a 5-3 vote, the board decided against recommended the rezoning of an entire block northwest of Miami Place and Northeast 14th Street on Wednesday, Daily Business Review reported. Melo had acquired the 1.2-acre site in January. [more]
Inside therealdeal.comEight-story mixed-use building on track for mid-2015 completionMarch 07, 2014 10:30AM
Construction of the $50 million Wynwood Central mixed-use development is underway.
The eight-story, 385,000-square-foot building is on track for a mid-2015 completion, according to Thursday’s written announcement from a project spokesperson. Wynwood Central’s plans include 69 residences, 40,000 square feet of retail space and 50,000 square feet of mixed-use space that could be used for showrooms or creative offices. Developers Shawn Chemtov and Marc Kovens hope to attract arts, technology and design tenants eager to relocate to the burgeoning Wynwood area. [more]Ugo Colombo's CMC Group receives $17M advance for Coral Gables dealership propertyMarch 07, 2014 09:45AM By Eric Kalis
Ugo Colombo’s CMC Group has obtained a $74 million refinancing for the Coral Gables site of the company’s luxury auto dealership The Collection, The Real Deal has learned.
CMC’s The Collection Properties and The Collection received the loan from New York-based Allianz Life Insurance Company of North America on Tuesday, according to Miami-Dade County records. The transaction includes a $17.5 million future advance for the 4000 Ponce de Leon Boulevard property. The mixed-use building was constructed in 2001. [more]March 07, 2014 09:00AMMarch 06, 2014 05:15PM
The Miami Association of Realtors is forming a new partnership with the Real Estate Institute of New South Wales, Australia’s largest professional real estate organization.
The partnership is aimed at promoting cross-border real-estate transactions and is the Miami organization’s 119th international alliance, according to the Miami Herald. [more]March 06, 2014 04:30PM
A new Walgreens is coming to Miami, with the pharmacy chain forking over $6.74 million to buy a vacant site. [more]March 06, 2014 03:45PM
Urbanists Douglas Thompson and Ebru Ozer are hatching a new plan to give the Brickell neighborhood some public space. [more]« Previous Next »