The Real Deal Miami

  • map Dolphin Stadium

    The city of Miami Gardens wants more control over what gets built around the Dolphin Stadium. Palm Beach County’s property values are closing in on the 2007 peaks they reached right before the market crash. And despite skepticism from Miami residents, the city again was ranked the country’s fifth-most walkable city. Read these stories and more after the jump. … [more]

  • Fort Lauderdale portfolio including famed Elbo Room hits market: $7.8M

    Bar opened before World War II and became beach landmark
    April 28, 2016 06:00PM
    Elbo Room bar in Fort Lauderdale

    Elbo Room bar in Fort Lauderdale

    A Fort Lauderdale retail portfolio that includes the beach’s landmark Elbo Room bar just hit the market with an asking price of $7.75 million. [more]

  • Chariff Realty opens new homey, high-tech offices

    Lyle Chariff, who lives three blocks away, can drive his golf cart to and from work
    April 28, 2016 05:15PM By Ina Cordle
    echo aventura Exterior of Lyle Chariff’s new offices (Credit: Andy Gallacher)

    Less than a year after buying a home on Biscayne Boulevard and sinking more than $1 million into renovations, Chariff Realty Group has moved into its swanky new offices. … [more]

  • Developer picks up Palm Beach Gardens land for $7.2M

    Land has zoning for offices, retail or up to 105 residential units
    April 28, 2016 04:30PM By Sean Stewart-Muniz
    4901 PGA Boulevard

    4901 PGA Boulevard

    An affiliate of Ascend Properties just picked up nearly nine acres of development turf in Palm Beach Gardens for $7.18 million.

    County records show the company, operating through an LLC called Ascend PGA Midtown, closed the deal for land near 4901 PGA Boulevard on Monday.

    The seller was an affiliate of PNC Bank, managed by Mark Whyman of the bank’s asset resolution team. [more]

  • Inside

  • Terra unveils sales gallery for Eighty Seven Park in North Beach

    Terra closed on a $91 million construction loan for the 70-unit tower in January
    April 28, 2016 03:45PM By Katherine Kallergis
    87 park

    Renderings of Eighty Seven Park in North Beach

    Terra is unveiling its glass-enclosed sales center on Thursday for Eighty Seven Park, a planned luxury condo tower in the North Beach neighborhood of Miami Beach. … [more]

  • Miami Beach commissioners take steps to reduce Ocean Drive noise

    Golf buggies blaring music has commissioners irked
    April 28, 2016 03:00PM By James Teeple
    Ocean Drive in Miami Beach

    Ocean Drive in Miami Beach

    Miami Beach commissioners, frustrated with the proliferation of multi-passenger golf buggies that ferry tourists around South Beach while blaring loud music, asked the city’s Neighborhoods Committee Wednesday night to look into ways to reduce noise on Ocean Drive. [more]

  • Miami Beach moves to control “high impact events”

    Move follows last Floatopia chaos that left beach trashed
    April 28, 2016 02:15PM By James Teeple

    Look up in the sky! #Floatopia

    A photo posted by Floatopia (@floatopia) on

    Miami Beach commissioners are moving to control “high impact events,” directing City Manager Jimmy Morales to draft an ordinance that would allow city officials to ban coolers, tents and other large objects from beach areas, and charge as much as $100 for non-residents to park on Miami Beach during events such as the recent Floatopia, when an estimated 80,000 revelers left beach areas inundated with trash.    [more]

  • SoFla cash sales down, bulk buyers flee in first quarter: report

    Fewer distressed properties could be reason for decline
    April 28, 2016 01:30PM By Sean Stewart-Muniz
    Downtown Miami (Credit: Marc Averette)

    Downtown Miami (Credit: Marc Averette)

    As South Florida’s residential real estate market starts to downshift, a new report shows cash sales and bulk home purchases are beginning to thin out. [more]

  • From the Jills to Elliman: North Bay Road lot relisted at $17M

    New ask breaks down to $446 per square foot
    April 28, 2016 12:45PM By Katherine Kallergis
    5840 North Bay Road

    5840 North Bay Road in Miami Beach

    The listing price and brokerage for a nearly 1-acre vacant lot on Miami Beach’s North Bay Road has been chopped to $16.9 million, down from $19.995 million in August.  [more]

  • South Florida construction spending spikes in March: report

    Contracts nearly tripled to $880M for nonresidential building
    April 28, 2016 12:00PM
    Construction cranes

    Construction cranes

    South Florida contractors were raking in oodles of cash in March, a new report shows, with construction activity booming across the board. [more]