The Real Deal Miami

  • Clock is ticking — register for Thursday’s South Florida Real Estate Showcase!

    More than 2,000 real estate enthusiasts expected to attend all-day event
    October 22, 2014 05:30PM
    Click for more info

    Click for more info

    Only one day remains until The Real Deal’s South Florida Forum & Showcase this Thursday at the Moore Building in Miami’s Design District.

    Richard LeFrak and Don Peebles, among other industry heavyweights, will give their thoughts on the booming South Florida market during the 12 – 6 p.m. event. All attendees will receive a comprehensive guide to the 130-plus Miami area condo projects currently in development. [more]

    Comments
  • Argentine investor buys Cooper City retail center

    Shoppes of Cooper City acquired for $7.2 million
    October 22, 2014 05:15PM
    Shoppes of Cooper City

    Shoppes of Cooper City

    An Argentinian investor purchased the Shoppes of Cooper City retail center in a $7.2 million deal.

    A private Miami-based investor sold the shopping center to another private investor, said Marcus & Millichap, as cited by GlobeSt. The Shoppes are 80 percent occupied by 15 tenants, including the three largest leaseholders, New Castle Realty, Dunkin Donuts and Northwestern Management. [more]

    Comments
  • Morgan Stanley fund sells buildings at a loss

    Two Boca Raton properties trade for $12.5 million
    October 22, 2014 04:30PM
    6400 Park of Commerce Boulevard

    6400 Park of Commerce Boulevard

    A Morgan Stanley property fund took a loss in the sale of a set of buildings in Boca Raton recently.

    The fund, PPF Industrial 6400-6500 Park of Commerce Boulevard, sold two buildings in Arvida Park for $12.5 million to Exeter Property Group. The fund paid $13.73 million for the buildings in 2005, according to the South Florida Business Journal. [more]

    Comments
  • Palm Beach County to launch electronic filing system

    Filing housing documents online should speed closings
    October 22, 2014 03:45PM
    Palm Beach County Clerk Sharon Bock

    Palm Beach Clerk Sharon Bock

    The Palm Beach County Courthouse is introducing a new electronic filing system that will speed closings and save taxpayers money.

    On Thursday, the county is implementing eRecording, a system that allows real estate professionals to send documents electronically, instead of by mail or in person, according to the Sun-Sentinel. In addition to ending courier fees, the new system will lower closing costs – and speed closings up. [more]

    Comments
  • Inside therealdeal.com

  • Local chef buys building for $10M

    Momi Ramen’s Jeffrey Chen buys three-story structure
    October 22, 2014 03:00PM
    Momi Ramen

    Momi Ramen

    An office building in Edgewater changed hands for $10 million, going to a company run by a chef and restaurant owner.

    The buyer, 225 District, is managed in part by Jeffrey Chen, owner and chef at Momi Ramen in Brickell. A.A. Holdings, a Minneapolis-based company, sold the 52,499-square-foot building at 3414 Northeast Second Avenue, according to the South Florida Business Journal. [more]

    Comments
  • Home prices stall in Palm Beach, Broward

    September prices flatline, but sales improve
    October 22, 2014 02:15PM
    A Palm Beach home up for sale

    A Palm Beach home up for sale

    Analysts are downplaying the weak performance of home prices in Palm Beach and Broward counties for the month of September.

    In a report in the Sun-Sentinel, Broward’s median price for existing homes was $270,000, which is flat from the previous year and hitting the lowest mark since March. September also marks the first time since October 2011 that Broward’s median failed to increase on an annual basis. [more]

    Comments
  • alternate<br /></a>text
    Bayside Marketplace

    New York’s Crown Acquisitions could have interest in Miami-Dade Courthouse site. Delray Beach townhome community purchased for $30M. Downtown’s Bayside Marketplace to get overhaul in 2015. Read those stories and more after the jump.

    Comments
  • Brickell hotel lands $41M construction loan

    The project is first location in U.S. for Chilean builder
    October 22, 2014 01:30PM
    Atton Brickell Hotel rendering

    Atton Brickell Hotel rendering

    A Chilean hotel builder received a large construction loan for its first project in the U.S., to be located near Brickell Avenue.  [more]

    Comments
  • Palm Beach County approves funding for new stadium

    Location and how to pay for it to be determined
    October 22, 2014 12:45PM
    The Washington Nationals training

    The Washington Nationals training

    Palm Beach County officials agreed to fund construction of a new baseball stadium, but where that stadium will be located remains a mystery.

    On Tuesday, county commissioners voted 5-2 to spend $135 million to build a new stadium. Both the Houston Astros and Washington Nationals have signaled their interest in moving here if they have a new baseball stadium and training facility to use, according to a report in the Sun-Sentinel. [more]

    Comments
  • Wellington nursing facility trades in sale-leaseback deal

    New York REIT pays $41 million for NuVista Living community
    October 22, 2014 12:30PM
    NuVista Living at Wellington Green

    NuVista Living at Wellington Green

    The NuVista Living at Wellington Green community in Palm Beach County changed hands for about $41 million in a sale-leaseback.

    A New York company tied to American Realty Capital Healthcare Trust acquired the 10330 NuVista Avenue facility in a transaction recorded on Wednesday, according to Palm Beach County records. The real estate investment trust already owns the Aventura Medical Plaza. No financing was recorded. [more]

    Comments
MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News