The Real Deal Miami

  • On the scene at The Real Deal’s Miami event: PHOTOS

    Day-long event covered new condo development, commercial/resi markets, lending and design
    October 24, 2016 02:00PM By TRD Staff
    The Real DealThursday’s event was chalk full of networking, insider info and dealmaking

    More than 4,500 people gathered on Thursday at Wynwood’s Soho Studios to hear top industry experts speak on the state of South Florida’s real estate markets. Click here for more.

  • Miami Dade College ordered to pay Nader’s attorneys’ fees

    Judges denied college's request for Nader's team to pay its appellate attorneys' fees
    October 24, 2016 01:15PM By Ina Cordle

    Jorge Perez and Related’s rendering for the Miami Dade College site and Gary Nader and his rendering

    In the latest bombshell in the now-ended competition for a prime downtown development site, judges ruled Monday that Miami Dade College must pay Nader+Museu’s attorneys’ fees related to a lawsuit on a bid protest bond. [more]

  • IHG’s wellness-oriented EVEN Hotel near Miami airport closes $20M loan

    190-room hotel broke ground last week, also tapping EB-5 investors for construction
    October 24, 2016 12:55PM
    Rendering of EVEN Hotel in Miami. Inset: developer Noel Epelboim

    Rendering of EVEN Hotel in Miami. Inset: developer Noel Epelboim

    IHG’s new wellness-oriented brand is headed for Miami. [more]

  • Indoor pools sound like the ultimate amenity, but not so fast

    On the housing market, a home with an indoor pool can be a tough sell
    October 24, 2016 12:00PM


    Only a small fraction of the luxury homes listed in the U.S. come with indoor pools. It is an amenity that is as rare as it is controversial. And while it may seem like a special bonus, indoor pools can actual hurt value. [more]

  • Inside

  • Jade Signature tops off at 57 stories in Sunny Isles Beach

    Project is more than 90 percent sold
    October 24, 2016 11:25AM
    Jade Signature and Edgardo Defortuna, founder of Fortune International Group

    Jade Signature and Edgardo Defortuna, founder of Fortune International Group

    The Sunny Isles Beach skyline is looking a bit taller this week.

    Fortune International Group just topped off its Jade Signature condo tower at 57 stories, making it the city’s second-tallest building — for now. [more]

  • West Palm developer pays $23M for Bank of America building

    Repositioning the building could cost up to $8M, brokers say
    October 24, 2016 10:32AM By Katherine Kallergis
    625 North Flagler Drive and developer Michael McCloskey

    625 North Flagler Drive and developer Michael McCloskey

    West Palm Beach developer Michael McCloskey and investor Tom Quick paid $23 million for the Bank of America Centre, where they plan to reposition the building with medical office tenants.  [more]

  • Hedge funds swarm into Palm Beach

    Influx of asset management firms is driving up commercial rents
    October 24, 2016 09:45AM By Dan Weil

    From the fall issue: T
    he City of Palm Beach and neighboring West Palm Beach are becoming ever more attractive to alternative asset managers. Some firms that have long been based in money management strongholds like New York, Boston and Greenwich are picking up stakes and moving to the Sunshine State.

    “We definitely could become a little Greenwich, Connecticut,” said Jeff Greene, a billionaire real estate investor and developer living in Palm Beach. He said he’s friendly with several hedge fund chiefs who’ve opened offices in the area in recent years.

    South Florida as a whole — including Palm Beach, Broward and Miami-Dade counties — is home to at least 60 hedge funds, 19 private equity firms and more than 200 family offices, according to Miami consulting firm Newlink Group. [more]

  • Bigger isn’t always better in London’s struggling housing market

    Mega-mansion owners are once again carving up their palatial homes
    October 24, 2016 08:45AM
    The Hyde Park mansion seeking $483M

    A Hyde Park mansion

    From the New York website: London boasts many of the most expensive single-family mansions in the world. But as the market for high-end housing struggles, mansion owners are once again carving up their palatial homes into multiple units. [more]

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  • Trump name dumped from new branded hotels

    Trump Hotels announced that their newest hotels will be called Scion
    October 23, 2016 04:00PM TRD WEEKEND EDITION
    Trump International Hotel in D.C.

    Trump International Hotel in D.C.

    From the New York site: Trump’s name may be everywhere right now – except on new hotels. Following reports that occupancy rates at Trump Hotels are falling, new hotels from the brand will now longer bear Trump’s name. [more]