The Real Deal Miami

  • map Rendering of the Apeiron at the Jockey Club

    Take a look at the latest rendering of the proposed Apeiron at the Jockey Club development in North Miami. A new study shows downtown Miami’s population is becoming much younger, and more than half of those who live there are college educated. And Elric Prince, who’s produced music for rappers like Flo Rida and Rick Ross, just listed his Hialeah pad for $1.6 million. Read these stories and more after the jump. … [more]

  • 170 condos at Valencia at Doral offered in bulk sale, could fetch more than $50M

    Units were purchased in 2014 as unsold inventory after complex converted to condos
    September 27, 2016 05:15PM By Ina Cordle

    Valencia at Doral (Inset: left, Calum Weaver, right, Gerard Yetming)

    The owner of 170 condos at Valencia at Doral has listed the units for sale in a bulk deal, and the purchase price could be more than $50 million. [more]

  • Law firm owners pick up Palm Beach oceanfront condo for $14M

    Seller had picked up condo from wife of convicted fraudster
    September 27, 2016 04:30PM By Sean Stewart-Muniz
    102 Gulfstream Road and George Rawlings

    102 Gulfstream Road and George Rawlings

    It’s been a hot year in real estate for the Rawlings family.

    Just five months after selling their sprawling Wellington equestrian estate to Los Angeles Dodgers owner Frank McCourt for $20 million, George and Beverly Rawlings just picked up an oceanfront pad in Palm Beach for $13.9 million. [more]

  • ICS-see you later, Giuliani

    Rudy booted as keynote speaker at December NYC conference over Trump support
    September 27, 2016 03:45PM
    The Javits Center (inset from top: Kevin Plank and Rudolph Giuliani)

    The Javits Center (inset from top: Kevin Plank and Rudolph Giuliani)

    From the New York website: What a difference two years can make. The International Council of Shopping Centers, which paid Donald Trump $50,000 to give the keynote speech at its New York City conference in 2014, has booted former Mayor Rudolph Giuliani as this year’s top speaker over his support for the controversial presidential candidate. [more]

  • Inside

  • Jorge Pérez: Expect residential development in Miami to slow, not stop

    Panelists at a Bisnow event also discussed availability of capital for real estate developments
    September 27, 2016 03:00PM By Mike Seemuth

    Jorge Perez, Ezra Katz, David Martin and Nitin Motwani and the Miami skyline (Credit: Daniel Reichert)

    Billionaire developer Jorge Pérez said he expects a slowdown, not a shutdown, in Miami-area residential development as land prices and construction costs rise. [more]

  • On the scene of Courtside Family Apartments’ grand opening: PHOTOS

    Developers had difficulty securing financing for nearly $23 million project
    September 27, 2016 02:15PM
    housing trust groupRandy Rieger, Allen Furst, Alonzo Mourning and Matthew Rieger at the grand opening of Courtside Family Apartments

    Former basketball star Alonzo Mourning and the Housing Trust Group recently held a grand opening for phase one of the Courtside Family Apartments, an affordable housing project in Overtown. Click here for more photos.

  • Lorber, Feldman and Witkoff join TRD’s Shanghai showcase

    Industry heavyweights join growing list of distinguished speakers
    September 27, 2016 01:30PM
    Howard Lorber, Ziel Feldman and Steve Witkoff

    From left: Howard Lorber, Ziel Feldman and Steve Witkoff

    With Chinese investment in U.S. real estate continuing at an accelerated rate, The Real Deal is heading back to China this November for our second Shanghai forum and showcase.

    The event will take place at the five-star Jing An Shangri-La Hotel from Nov. 17 to 19. Our 2016 show will bring prominent industry professionals and investors from the United States to Shanghai, including former New York City Mayor Rudy Giuliani. Douglas Elliman chief Howard Lorber, HFZ’s Ziel Feldman and Witkoff’s Steve Witkoff have recently joined our growing list of distinguished speakers, who will share market insight on key panels throughout the event. [more]

  • Integra nabs $56M construction loan for Hallandale ArtSquare

    Developer will break ground on the residential and retail project later this month
    September 27, 2016 12:45PM By Katherine Kallergis
    Victor Ballestas and Hallandale ArtSquare

    Victor Ballestas and Hallandale ArtSquare

    Miami-based Integra Investments secured a $55.8 million loan for ArtSquare, a mixed-use project in Hallandale Beach.  [more]

  • The week in luxury: A map of Miami-Dade’s priciest condo sales

    Top deal was for Key Biscayne condo with ocean views
    September 27, 2016 12:00PM By Sean Stewart-Muniz
    map Unit 1008 at Key Biscayne’s Ocean Club and a map of Miami-Dade’s priciest condo deals last week

    What started as a slow September for Miami-Dade County’s condo market gradually picked up steam. Last week, the county recorded an $8 million boost in sales volume, plus a sizable $7 million deal rounding out the list of Miami-Dade’s top 10 priciest condo trades. … [more]

  • South Florida home prices grow in July as nation approaches 2006 peak

    Home prices in Portland are still rising faster than anywhere in country
    September 27, 2016 11:15AM
    Downtown Miami from Brickell Key (Credit: Ines Hegedus-Garcia)

    Downtown Miami from Brickell Key (Credit: Ines Hegedus-Garcia)

    South Florida’s home prices continued their years-long trend of growth in July, all while national home values near their peaks set before the crash in 2006. [more]