The Real Deal Miami

  • Top stories

    June 19, 2013 09:00AM

    Top stories yesterday on The Real Deal:
    1. Sales fly at Argentine real estate giant’s U.S. debut
    2. Demand draws Related to affordable housing
    3. Miami benefits from Latin America’s rising crime

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  • Today’s priciest listing: $3.4M

    Single-family home at 601 Harbor Drive in Key Biscayne has 6 bedrooms
    June 18, 2013 05:00PM
    601-harbor-drive-key-biscayne

    601 Harbor Drive in Key Biscayne

    Today’s priciest new listing is a six-bedroom, six-bathroom single-family home asking $3.4 million. [more]

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  • Who will win Miami Beach convention center bid?

    It's two mega developers going for one of urban renewals biggest prizes
    June 18, 2013 04:00PM By Emily Schmall

    sf chart 3

    Two developer teams are facing off to win Miami Beach’s biggest public prize in a century, and one of the most buzzed-about urban renewal projects in the U.S. today – the redevelopment of the city’s convention center and a 52-acre parcel of city-owned land. Both projects envision condos, parks, cultural space, retail and a hotel, in addition to upgrading the convention center and adjacent ballroom. The lucky winner is expected to be announced July 17. [more]

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  • Applications to build single-family homes hit U.S. 5-year high

    Construction starts on homes jump 6.8 percent
    June 18, 2013 03:00PM

    CONSTRUCTION

    From the New York site: Applications to build single-family homes reached a five-year high nationally last month, according to Department of Commerce data cited by Bloomberg News.

    The number of applications to build single-family homes rose 1.3 percent to a 622,000 per month annualized rate, the most dramatic month-over-month rise since May 2008. Construction starts on U.S. homes also saw an increase of 6.8 percent to an annual rate of 914,000, the Commerce Department announced. [more]

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  • Inside therealdeal.com

  • Citibank lends nearly $12M for West Palm Beach residential building

    Evernia Place Partners bought property for $1.7M in spring
    June 18, 2013 02:00PM
    West_Palm_Beach

    West Palm Beach

    Citibank is lending $11.8 million for the construction of a seven-story West Palm Beach residential building, the South Florida Business Journal reported. [more]

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  • Sales fly at Argentine real estate giant’s U.S. debut

    Consultatio's Oceana Key Biscayne is 90 percent pre-sold, not counting villas
    June 18, 2013 01:00PM
    From left: Oceana Key Biscayne renderings and Eduardo Costantini

    From left: Oceana Key Biscayne renderings and Eduardo Costantini

    UPDATED, 5:30 p.m., June 18: Oceana Key Biscayne, the first U.S. development of Argentine real estate mogul and art collector Eduardo Costantini, is more than 90-percent sold-out pre-construction, leaving only 1 penthouse and 6 villas on the market 10 months after sales opened, The Real Deal has learned. [more]

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  • Miami benefits from Latin America’s rising crime

    Latin Americans go to Miami to escape violence at home, taking their cash with them
    June 18, 2013 12:00PM
    Caracas

    Caracas, Venezuela

    South Florida is benefiting from a rise in violent crime in Latin America, WLRN reported.

    While the region enjoys one of the world’s fastest rates of economic growth, it is simultaneously burdened with one of the worst waves of violent crime in its history, the public radio station reported. [more]

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  • Terranova, Acadia buy retail trio on Lincoln Rd.

    Use $84 million loan from Bank of America
    June 18, 2013 11:00AM
    Lincoln Road

    Lincoln Road

    Terranova Corp. and Acadia Realty Trust obtained a $84 million loan from Bank of America for a trio of retail buildings on Lincoln Road in Miami Beach, Daily Business Review reported.

    Terranova and Acadia purchased the buildings at 719, 801 and 826 Lincoln Road for $139 million last year. [more]

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  • Lil Wayne pays $3.4M judgment to save crib

    An attorney threatened in April to seize manse in lieu of payment
    June 18, 2013 10:00AM

    From left: the La Gorce Island home that Goldstein was looking to seize and rapper Lil Wayne

    Rapper Lil Wayne paid off a $3.4 million judgment against him, saving his Miami Beach mansion from seizure, GossipExtra reported, citing paperwork filed to Miami-Dade County. [more]

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  • Top stories

    June 18, 2013 09:00AM

    Top stories yesterday on The Real Deal:
    1. Bal Harbour Shops founder takes show to Brickell
    2. Demand draws Related to affordable housing
    3. Former Al Capone Palm Island estate sells for $7.4M

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