The Real Deal Miami

  • Palm Beach aerial
    Palm Beach real estate fund raises $311M

    $13M payback: Judge approves Rothstein bankruptcy distribution.Unemployment down for third consecutive month in South Florida. And a Palm Beach real estate fund raises $311M. Read those stories and more after the jump. [more]

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  • KAR Properties buys Wynwood site for $12.5M

    Land last sold in 1995 for $280K
    December 19, 2014 05:21PM
    KAR Properties CEO Shahab

    KAR Properties CEO Shahab S. Karmely

    A New York developer bought a 1.03-acre site in Wynwood on Thursday for $12.5 million.

    The property, at 2050 North Miami Avenue, is KAR Properties’ fifth in South Florida. CEO Shahab S. Karmely said in a news release that the company is focused on South Florida’s emerging and established neighborhoods. The developer paid cash for the Wynwood property. [more]

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  • Matt Damon’s Miami Beach mansion went for $15.4M

    Actor listed house for $19M in 2013
    December 19, 2014 04:30PM
    Inset: Matt Damon

    6020 North Bay Road. Inset: Matt Damon

    Matt Damon, who just topped People With Money’s 10 highest-paid actors for 2014 with an estimated $58 million in combined earnings, has just gotten richer.

    His seven-bedroom, 10-bathroom North Bay Road estate was sold this week for a reported $15.4 million. [more]

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  • Priciest home listings in the tri-county area this week

    Intracoastal Palm Beach mansion is at No.1
    December 19, 2014 03:45PM By Katherine Kallergis
    Clockwise from left: 19730 Grandview Terrace, 3550 Southwest 121st Avenue, 243 Ocean Drive, 9320 Gallardo Street, 19349 Waters Edge Street

    Clockwise from left: 19730 Grandview Terrace, 3550 Southwest 121st Avenue, 243 Ocean Drive, 9320 Gallardo Street, 19349 Waters Edge Street

    The top three most expensive listings to hit each of the tri-county real estate markets  Miami-Dade, Broward and Palm Beach over the past week ranged from $3.8 million to more than $15.4 million, according to Zillow data. Palm Beach had the priciest property and at the low end of the living-large listings was a Jupiter estate. [more]

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  • Inside therealdeal.com

  • faenafeech

    Faena House rendering

    “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

    Here at SFBTN headquarters, we are so obsessed with the data behind Miami’s business and real estate news, that we rarely if ever  stop to look inward. But the holidays and new year are a time for reflection, and we were happy to learn that we provided exactly 54 interesting and illuminating figures in 2014. [more]

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  • MiMo gym bought for $3.9M

    Company has bought multiple sites in the neighborhood
    December 19, 2014 02:17PM
    7200-Biscayne

    7200 Biscayne, inset gym founder and attorney Thomas Tew

    A gym founded by a prominent Miami attorney was purchased for $3.9 million by Greenstreet Management of Miami, a Coconut Grove-based company that has been snatching up commercial properties in Miami’s MiMo neighborhood in the Biscayne Boulevard Historic District.

    Greenstreet bought the Biscayne Boxing & Fitness Club at 7200 Biscayne Boulevard on Thursday. [more]

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  • Emerald Place in Hollywood sells for $31.5 million

    All-cash deal for 300-unit complex
    December 19, 2014 01:30PM
    Emerald Place

    Emerald Place

    A 330-unit apartment complex in Hollywood was sold for $31.5 million in an all-cash deal.

    Emerald Place, at 3910 North 56th Avenue, had 39 offers including six from foreign investors, according to a release from CBRE, which arranged the deal.

    “The attention from private, institutional and foreign capital on South Florida is unprecedented at the moment,” CBRE vice chairman Robert Given said in the release. [more]

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  • Metro 1 Filling Station Lofts 50-percent leased

    Rents start in the high $2 per square foot
    December 19, 2014 01:30PM By Katherine Kallergis
    Tony Cho, Filling Station Loft interior

    Tony Cho, Filling Station Loft interior

    Metro 1 Properties’ Filling Station lofts are filling up  quickly.

    The Wynwood lofts, located at 1657 North Miami Avenue, have leased half of their units within 90 days. [more]

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  • South Florida ultra-luxury condo resale transaction prices drop 8% in 2014

    A look at the year's top 10 condo resales
    December 19, 2014 12:45PM By Peter Zalewski
    Aerial of Miami. Inset: Peter Zalewski

    Aerial of Miami. Inset: Peter Zalewski

    Question: How do this year’s top 10 condo listing resales compare to last year based on price?

    South Florida’s ultra-luxury condo resale market is trading eight percent less per square foot in the first 11 months of 2014 compared to the same period in 2013, according to an analysis of data from the Southeast Florida MLXchange. [more]

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  • Mizner Grande has record sales year

    Sales up nearly 20 percent to $252 million
    December 19, 2014 12:00PM
    Boca Raton home listed by Mizner Grande Realty

    Boca Raton home listed by Mizner Grande Realty

    A real estate brokerage based in Boca Raton rode the wave of a surging South Florida market, reportedly boosting sales 18 percent this year.

    Mizner Grande Realty saw sales rise from $213 million last year to $252.4 million in 2014, according to a published report. [more]

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