The Real Deal Miami

  • About half of Hollywood condo-hotel is reserved

    Related Group's project is second phase of Hyde Resort & Residences
    August 01, 2015 09:00AM
    Rendering of Hyde Resort & Residences

    Rendering of Hyde Resort & Residences

    Miami-based Related Group has reservations for about half of the units in its planned 40-story second phase of the Hyde Resort & Residences, a condo-hotel under construction at the southern end of  Hollywood Beach.
    The 40-story first phase is under construction at 4111 S. Ocean Drive. The sold-out condo-hotel development with 367 condo-hotel units and 40 residential-only units is expected to open sometime next year.
    The 40-story second phase at 4000 South Ocean Drive, called Hyde Beach House Hollywood, will have 265 condo-hotel units and 77 units that will be year-round residences. Construction is scheduled to start next year and finish in 2018.
    The head of Related Group’s condo division, Carlos Rosso, said buyers have reserved about half of the Beach House Hollywood units at prices from $430,000 to $1 million.
    In addition to the Hollywood projects, Related has two other condo-hotel project in Broward County: The 33-story Beachwalk Resort in Hallandale Beach opened May 1, and Related is planning a comprehensive renovation of the W Hotel & Residences in Fort Lauderdale starting next year. [Sun-Sentinel]Mike Seemuth

  • Miami
    Rendering of The Patricia and Phillip Frost Museum of Science in Miami.

    The former Miami Museum of Science site has set its closing date. A historic office building in West Palm Beach, named after entrepreneur Alfred J. Comeau, has been sold for $12 million. Palm Beach courts have appointed an overseer for a troubled condo project named Palm House. Read these stories and more after the jump. [more]

  • ICYMI: TRD South Florida’s weekend edition

    Stay dialed into real estate news on Saturday and Sunday
    July 31, 2015 05:15PM
    Check out TRD South Florida's weekend edition

    Check out TRD South Florida’s weekend edition

    For those of you who need a weekend fix of the biggest and trendiest real estate news, The Real Deal South Florida has launched its weekend edition.

    We’re covering celebrity homes, big sales and market trends throughout Saturday and Sunday. You can read our posts here on the TRD website, or via Facebook and Twitter.

    So relax with a cafecito this weekend and brush up on the latest market intel, brought to you by the TRD staff.

  • Former bank in Fort Lauderdale sells in one day

    New owners co-founded local Greek restaurant
    July 31, 2015 04:30PM By Sean Stewart-Muniz
    The former Bank United in Fort Lauderdale

    The former BankUnited in Fort Lauderdale

    A former BankUnited building in Fort Lauderdale was sold in an off-market deal for $3.9 million. The sale, Realtor Dan Teixeira says, closed in only one day. [more]

  • Inside

  • HotelPlanner leases new West Palm Beach HQ

    JLL and SLC Commercial Realty brokered the 15,000 sf lease
    July 31, 2015 03:45PM
    PNC Bank Building in West Palm Beach

    PNC Bank Building in West Palm Beach

    Online travel agency signed a lease to move its corporate headquarters in West Palm Beach, JLL announced on Friday.

    HotelPlanner will lease 15,000 square feet at the PNC Bank Building, at 205 Datura Street.

    JLL Vice President Kevin McCarthy represented HotelPlanner in the lease of an entire floor. Carol Bush of SLC Commercial Realty represented PNC Bank, the building’s owner. [more]

  • Waterfront Palm Beach home sells for $15.6M

    Price breaks down to $2,051 per square foot
    July 31, 2015 03:00PM By Sean Stewart-Muniz
    The mid-century home at 430 North Lake Way

    The mid-century home at 430 North Lake Way

    A mid-century home on the Intracoastal side of Palm Beach was just sold for $15.6 million. [more]

  • Garmin finds its way to Miami Beach’s Lincoln Road

    The store, formerly occupied by Tesla, will be the tech company's first in SoFla
    July 31, 2015 02:15PM
    Garmin Chicago and Drew Schaul

    The Garmin store in Chicago and RKF’s Drew Schaul

    Garmin has leased space on Lincoln Road, following a slew of new tenants in the hot Miami Beach shopping district. [more]

  • Fort Partners to begin demolition on Fort Lauderdale site

    Developers released the first rendering for the planned 23-story tower
    July 31, 2015 01:30PM By Katherine Kallergis
    Four Seasons Fort Lauderdale

    Aerial of the pool deck of the Four Seasons Fort Lauderdale. (Click to enlarge)

    After acquiring the missing piece for its planned Four Seasons Hotel & Residences Fort Lauderdale, Fort Partners is getting ready to launch sales for the project this fall, The Real Deal has learned.  [more]

  • DCOTA in Dania Beach gets four new tenants

    New tenant Ackerman Group specializes in counter terrorism
    July 31, 2015 12:45PM
    Design Center of the Americas atrium

    Inside DCOTA’s atrium

    The Design Center of the Americas in Dania Beach has signed on a handful of new tenants, including international banana brand Chiquita. [more]

  • Helping underwater homeowners move on

    Fannie Mae policy change removes requirement of a minimum equity stake
    July 31, 2015 12:00PM By Kenneth Harney

    From left: Daren Blomquist and Paul Skeens

    From the New York websiteCould a little-noticed policy change by giant mortgage investor Fannie Mae help homeowners who’d like to move but can’t because they’re underwater — they owe more to the bank than the likely selling price of their houses? Could it help you?

    Maybe. But you’re going to have to be able to qualify for a new mortgage to buy a new primary residence and rent out your current house, converting it into an investment property. [more]