The Real Deal Miami

  • Boca Raton’s Yamato Crossing trades for $13M

    The shopping center was acquired by Konover South
    September 17, 2014 01:30PM
    202 West Yamato Road

    202 West Yamato Road

    Konover South has purchased the Yamato Crossing retail center in Boca Raton for $13 million. [more]

  • AquaVita tops off in East Las Olas Isles

    Waterfront Fort Lauderdale condo project is sold out
    September 17, 2014 12:45PM


    AquaVita, the first of five luxury waterfront condominium projects planned for East Las Olas Isles, has topped off, the developer announced. [more]

  • Commissioner pushes for downtown streetcar revival

    Marc Sarnoff cites Miami's population growth, increased traffic congestion
    September 17, 2014 12:00PM
    Marc Sarnoff

    Marc Sarnoff

    Miami commissioner Marc Sarnoff is trying to build support for a revival of the long-discussed streetcar system for downtown Miami.

    During last week’s meeting, Sarnoff pleaded with other commissioners to push Miami-Dade’s Metropolitan Planning Organization to prioritize streetcars in its list of projects. He cited worsening traffic congestion and substantial population growth in the city. The electric-powered streetcar system had support last decade, but the project languished during the recession. [more]

  • Champion golfer gets $1.6M for Palm Beach Gardens house

    Major winner Louis Oosthuizen sells home overlooking Old Palm's championship course
    September 17, 2014 11:15AM By Eric Kalis
    11509 Green Bayberry Drive (inset: Louis Oosthuizen)

    11509 Green Bayberry Drive (inset: Louis Oosthuizen)

    Pro golfer Louis Oosthuizen sold his Palm Beach Gardens home overlooking the championship course of the Raymond Floyd-designed Old Palm Golf Club, The Real Deal has learned.

    Oosthuizen and his wife Nel-Mare received nearly $1.6 million for the four-bedroom, 5,600-square-foot house at 11509 Green Bayberry Drive in a transaction recorded on Monday, according to Palm Beach County records. The couple paid about $1.3 million for the property in March 2012. [more]

  • Inside

  • One Thousand Museum developer sells Surfside home

    Gregg Covin gets nearly $2.3 million for Mediterranean-style residence
    September 17, 2014 10:30AM
    9344 Bay Drive

    9344 Bay Drive

    One of the developers of the Zaha Hadid-designed One Thousand Museum condo tower got nearly $2.3 million for his Surfside residence.

    Gregg Covin sold the Mediterranean-style home at 9344 Bay Drive in a transaction recorded on Thursday, according to Miami-Dade County records. He paid $2.1 million for the five-bedroom, 4,600-square-foot house in December 2006. Rosa Magiar-Polen of Boca Raton is the buyer. [more]

  • Edgewater site changes hands for $12.5M

    California firm picks up about one acre in expanding Miami neighborhood
    September 17, 2014 09:45AM
    David and Irene Arditi

    David and Irene Arditi

    A two-property site totaling about one acre in Miami’s Edgewater neighborhood traded for $12.5 million.

    BE 33 LLC sold the 3333 Biscayne Boulevard and 332 Northeast 34th Street properties in a transaction recorded on Tuesday, according to Miami-Dade County records. The company is managed by longtime Miami investor Irene Arditi. It paid $7.2 million for the site in April 2006. [more]

  • Top stories

    September 17, 2014 09:00AM

    Top stories yesterday on The Real Deal:
    1. Malcolm Glazer’s son takes hit on Palm Beach home sale
    2. Local investor nabs Miami Springs apartment building
    3. Long Island developer brings new project to Delray Beach

  • David Barton Gym moves into Southeast Financial Center

    The upscale gym has signed a 20,100 square-foot lease
    September 16, 2014 05:15PM
    A David Barton Gym and the Southeast Financial Center

    A David Barton Gym and the Southeast Financial Center

    David Barton Gym inked a 20,100 square-foot lease in the Southeast Financial Center. [more]

  • Equity One closes public stock offering

    The firm sold approximately $15.7M in shares to a single entity
    September 16, 2014 04:30PM

    EQUITY_LOGOEquity One announced the closing of its $102.5 million stock offering.

    The shopping center investor said it is closing its underwritten public offering of 3,825,000 shares of its common stock. The offering generated approximately $88.9 million in net proceeds to the company. [more]

  • Moishe Mana adds to Flagler Street assemblage

    The Israeli developer purchased an arcade-style building
    September 16, 2014 03:45PM
    The ‘Flagler Jewelry Center’ and Moishe Mana

    The Flagler Jewelry Center and Moishe Mana

    Israeli businessman Moishe Mana picked up another Flagler Street building, adding to an assemblage. Mana has now acquired some 200,000 square feet of retail space in the area. [more]

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