The Real Deal Miami

  • miami
    Aerial view of Miami

    Miami’s population growth ranked eighth last year despite the lack of available land. A new water park is set to open in Miami. And work is underway on the 70-unit Island Living affordable housing project in Overtown. Read these stories and more after the jump. [more]

  • Latin buyers fueling SoFla real estate boom, China emerging: Chamber summit

    68% of international buyers hail from Latin America, led by Venezuela, Argentina and Brazil
    March 27, 2015 05:15PM By Ina Cordle

    The Miami skyline

    The South Florida real estate market experienced its fourth straight year of record-breaking sales, fueled by a continuing surge of wealthy Latin America buyers, according to a report released Friday, conducted by the National Association of Realtors for the Miami Association of Realtors. [more]

  • priceyClockwise from left: 755 South Mashta Drive, 8 South Lake Trail, 3405 Olde Hamtpton Drive and 2455 South Ocean Boulevard

    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 $3.4 million to $36 million, according to Zillow data. Palm Beach had the priciest property and a Fort Lauderdale house in Broward County was on the low end. [more]

  • PHOTOS: On the scene at Sternlicht, LeFrak’s 1 Hotel opening

    Eco-friendly 426-room hotel is LEED certified
    March 27, 2015 04:30PM By Katherine Kallergis
    Richard LeFrak and Barry Sternlicht

    Developer Richard LeFrak and Starwood Capital Group’s Barry Sternlicht celebrated the opening of 1 Hotel on Wednesday along with Miami Beach Mayor Philip Levine, celebrity restaurateur Tom Colicchio and guests. [more]

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  • Questions arise after condo presales fail to begin at eight new North Bay Village towers

    Based on 2014 sales, SoFla has a six-year supply of ultra-luxury condo units for sale
    March 27, 2015 03:45PM By Peter Zalewski
    Peter Zalewski of CondoVultures

    Peter Zalewski of CondoVultures

    Can you tell me the status of the new condo developments at North Bay Village?  I understand that there are four to five developments being planned. What do you think will be the price per square foot and the upsides and downsides of buying in North Bay Village?

    North Bay Village  an island community of 7,400 people located in Biscayne Bay between the Miami mainland and the barrier [more]

  • Fort Lauderdale mayor: County cooperation would boost development downtown

    City wants 5,000 more residential units in its land use plan
    March 27, 2015 03:00PM By Mike Seemuth
    An aerial shot of Fort Lauderdale

    An aerial shot of Fort Lauderdale

    Fort Lauderdale Mayor John P. “Jack” Seiler  said the city’s downtown area has good potential for further residential development that could improve through better cooperation with Broward County.

    “We want to see a lot more density downtown,” Seiler said, speaking Friday morning at a meeting of the Builders Association of South Florida in downtown Fort Lauderdale. The mayor said about 4,000 [more]

  • Miami Beach sea level rise conference targets future developments

    TV personality Al Roker warned of high tide in Miami over next 50 years
    March 27, 2015 02:15PM By Francisco Alvarado
    Business leaders discuss sea level rise at Miami Beach Community Resiliency Summit

    Business leaders discuss sea level rise at the Miami Beach Community Resiliency Summit

    It’s up to developers and city officials to protect projects in Miami Beach from the threat of global sea level rise, architect Reinaldo Borges warned an audience gathered inside a conference room at the W South Beach on Thursday.  [more]

  • Vero Beach estate’s $35M asking price would break city records

    Current sales record in Vero Beach is $20.1M in 2012
    March 27, 2015 01:30PM
    3700 Ocean Drive in Vero Beach

    3700 Ocean Drive in Vero Beach

    An oceanfront Vero Beach mansion has been listed for $35 million, and would almost double the city’s record for most expensive home sale if sold at the asking price. [more]

  • Mortgage complaint line brings attention to detail

    Consumer Financial Protection Bureau allows consumers to rant and rave via expanded system
    March 27, 2015 12:45PM By Kenneth Harney
    Consumer Financial Protection Bureau

    From left: David Stevens and Rich Cordray

    From the New York website: Move over, Yelp. The federal government’s top consumer agency has just begun allowing mortgage borrowers to vent publicly — in full narrative detail — about the bad experiences they’ve had with financial institutions.

    Say your mortgage servicing company keeps harassing you with phone calls about the timeliness of your payments, even though you consistently send them within the “grace period” specified in the mortgage documents. [more]

  • Italian restaurant group to open new Coconut Grove eatery

    New location is sign of Coconut Grove redevelopment
    March 27, 2015 12:00PM
    Bizio's current restaurant Strada in the Grove

    Dizio’s current restaurant Strada in the Grove

    The restaurant group responsible for Strada In The Grove is opening a new eatery across the street from its first Coconut Grove location.

    Dizio, which owns Strada, signed a 2,500-square-foot lease at 3197 Commodore Plaza, where it will open Farinelli 1937, The Real Deal has learned.

    The Italian restaurant is set to open in the fall and will have indoor and outdoor seating for [more]