The Real Deal Miami

  • Transformation of Lauderdale’s American Golfers Club begins

    Builder Stiles plans to develop 36 homes on long-closed course site
    September 02, 2014 09:45AM By Mike Seemuth
    American Golfers Club site (inset: Robert Lochrie)

    American Golfers Club site via Mike Seemuth (inset: Robert Lochrie)

    The transformation of the long-closed American Golfers Club in Fort Lauderdale is underway.

    Stiles Corp. began site work on the 66.7-acre property to turn it into a downsized practice golf course adjoining a four-acre public park and 36-home residential development. [more]

    Comments
  • Top stories

    September 02, 2014 09:00AM

    Top stories over the holiday weekend on The Real Deal:
    1. Westin Diplomat trades in $535.M transaction
    2. Sam Herzberg makes Little Havana acquisition
    3. Condo construction financing spigot opens in South Florida

    Comments
  • Miami Heat’s Mario Chalmers lists condo for $4M

    NBA star bought the unit for $2.4M from hip-hop artist Drake
    August 29, 2014 05:15PM
    The Marquis Residences and Mario Chalmers

    The Marquis Residences and Mario Chalmers

    Miami Heat point guard Mario Chalmers is asking $4 million his condo on the 49th floor of the Marquis Residences. [more]

    Comments
  • Fort Lauderdale’s Pearls closes its flagship

    Store in Ft. Lauderdale "an institution for a lot of people"
    August 29, 2014 04:30PM
    Pearls Artist & Craft Supply

    Pearls Artist & Craft Supply

    The popular craft store chain Pearls is closing its last remaining store after 81 years in business. [more]

    1 Comment
  • Inside therealdeal.com

  • New $540M courthouse proposal draws critics

    Commissioners disagree about how to fund the project
    August 29, 2014 03:45PM
    The Miami-Dade courthouse

    The Miami-Dade courthouse

    A proposal for a new taxpayer funded Miami courthouse is facing critics. [more]

    Comments
  • Few apply for foreclosure settlement payout

    Only 41 percent of those eligible for Ocwen payment have applied
    August 29, 2014 03:00PM

    urlFollowing a $125 million settlement with Ocwen Financial Corp. over foreclosure violations, fewer than half of those eligible for a cash payout have filed a claim – even as the September 15 deadline approaches.

    Roughly 31,035 former Florida homeowners were notified that they were entitled to a piece of the settlement, but only 41 percent have responded, Florida Attorney General Press Secretary Whitney Ray told the Palm Beach Post. [more]

    Comments
  • alternate<br /></a>text
    215 South Beach Road and Celine Dion

    Celine Dion’s Jupiter Island manse still hasn’t sold following $10M price slash. Plan would move I-395 and Biscayne Boulevard intersection underground. The motivation for Blackstone’s $120M Biscayne Beach loan. Read those stories and more after the jump.

    Comments
  • Condo construction financing spigot opens in South Florida

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    August 29, 2014 01:30PM By Peter Zalewski
    Peter Zalewski

    Peter Zalewski

    Question: You previously mentioned an increase in preconstruction lending is occurring for high-profile South Florida condo projects like the Surf Club Four Seasons Private Residences in Surfside. Since then, it was reported that the Blackstone Group is also funding the planned Biscayne Beach condo tower with a $120 million loan in the Edgewater area of Greater Downtown Miami. Is this the beginning of a wave of large preconstruction loans for South Florida condo developments?

    Lenders have been expressing privately for months that the condo construction financing spigot for new South Florida towers would begin to open in the second half of this year. [more]

    1 Comment
  • Coral Gables approves Miracle Mile improvements

    City commissioners advance $19M phased project to enhance main downtown streets
    August 29, 2014 12:45PM
    Miracle Mile in Coral Gables

    Miracle Mile in Coral Gables

    Long-discussed streetscape improvements for Miracle Mile and Giralda Avenue in downtown Coral Gables were approved by city commissioners earlier this week. [more]

    Comments
  • Downtown Boca land set for apartment project after sale

    5.8-acre property located one-half mile from the ocean fetches $22M
    August 29, 2014 12:00PM
    Troy Ballard

    Troy Ballard

    A downtown Boca Raton development site was acquired for more than $22 million.

    The 5.8-acre property at 300 East Palmetto Park Road is ripe for a large multifamily project, according to the Boca Raton office of Atlanta-based ARA, which arranged the transaction. ARA did not disclose the buyer in Friday’s written statement. The parcel is only a half-mile from the ocean. [more]

    Comments
MENU