The Real Deal Miami

  • Sears will increase the number of stores it closes

    The retailer had planned to close 50 unprofitable stores in March and April
    February 14, 2016 11:15AM TRD WEEKEND EDITION
    Sears' website lists 153 store locations in Florida.

    Sears’ website lists 153 store locations in Florida.

    Sears Holdings announced it will increase the number of unprofitable stores that it will close following a “challenging” holiday selling season late last year.

    Sears said last week its fourth-quarter sales in stores open at least one year fell 6.9 percent. The comparable decline in store sales in the company’s Kmart subsidiary was 7.2 percent.

    Sears had planned to close 50 stores this [more]

  • Pipeline opens shared-office location in Doral

    The company's fourth location is a 14,000-square-foot floor inside a Doral office building
    February 14, 2016 10:15AM TRD WEEKEND EDITION
    Pipeline shared-office location in Doral

    Pipeline shared-office location in Doral

    Pipeline Workspaces last week opened its fourth shared-office location in Doral.

    The space is a full floor spanning 14,000 square feet at the Doral Concourse office building, 8400 Northwest 36 Street.

    The location is near the site of CityPlace Doral, a mixed-use development where the tenant mix will include a Fresh Market grocery store, a movie theater, a bowling alley and several restaurants.

    Prices for private offices at Pipeline’s Doral [more]

  • Jack Nicklaus faces lawsuit for building on wetlands

    Firms owned by the golf legend filled almost an acre of wetlands at The Bear's Club in Jupiter
    February 14, 2016 09:15AM TRD WEEKEND EDITION
    Jack Nicklaus (Credit: The Telegraph)

    Jack Nicklaus (Credit: The Telegraph)

    The U.S. Justice Department sued companies owned by golf legend Jack Nicklaus for unauthorized construction work on wetlands at The Bear’s Club, a private golf course community in Jupiter that Nicklaus co-developed.

    The Justice Department alleges four Nicklaus-owned entities filled almost an acre of wetlands at the 369-acre Bear’s Club without permission from the U.S. Army Corps of Engineers. [more]

  • Here’s why Donald Trump is furious at Mort Zuckerman

    The feud between the two moguls goes back years
    February 13, 2016 05:00PM By Konrad Putzier TRD WEEKEND EDITION
    From left: Donald Trump (credit: DonkeyHotey) and Mort Zuckerman

    From left: Donald Trump (credit: DonkeyHotey) and Mort Zuckerman

    From the New York website: Donald Trump has been tweetsulting Mort Zuckerman for three days now. He normally reserves this kind of prolonged rage for Megyn Kelly, so it’s worth taking a look at what’s going on here. [more]

  • Inside

  • Tamarac single-family home project almost sold out

    13th Floor has five unsold homes at 253-home Central Parc on Commercial Boulevard
    February 13, 2016 04:00PM TRD WEEKEND EDITION
    The 40-acre Central Parc in Tamarac

    The 40-acre Central Parc site in Tamarac

    Developer 13th Floor Homes has nearly sold out its Central Parc single-family home development in Tamarac.

    Less than two years after launching sales, 13 Floor has sold 248 of the 253 homes at Central Parc.

    Home prices at Central Parc range from $274,000 to $332,000, making it one of the [more]

  • Coconut Grove developer opens Tampa-area rentals

    HTG's Whispering Pines Apartments in Largo is an affordable housing development
    February 13, 2016 03:00PM TRD WEEKEND EDITION
    Whispering Palms Apartments in Largo

    Whispering Palms Apartments in Largo

    Coconut Grove-based Housing Trust Group (HTG) held a grand opening ceremony Friday for Whispering Palms Apartments, a 63-unit affordable housing development in the Tampa area.

    The new rental property in Largo at 601 16 Avenue Southeast is 100 percent leased. It has a mix of two- and three-bedroom townhome and garden-style apartments, [more]

  • Ranch for sale comes with cattle and much more

    The $55 million asking price covers such extras as 29,161 units of frozen bull semen
    February 13, 2016 02:00PM TRD WEEKEND EDITION
    The Southern Cattle Company ranch in Jackson County

    The Southern Cattle Company ranch in Jackson County

    The owner of a 13,924-acre ranch in northern Florida listed the land and more than 3,200 head of cattle for sale with a $55 million asking price.

    Together with timber-rich land anda herd of cattle, the listed property known as the Southern Cattle Company includes nine homes and a livestock sale barn with an auditorium for auctions, plus other property [more]

  • PB Gardens developer advances solar town project

    Babcock Ranch in Lee County would be the world's first town powered mainly by the sun
    February 13, 2016 12:30PM TRD WEEKEND EDITION
    Sydney Kitson

    Sydney Kitson

    A Palm Beach Gardens developer plans a groundbreaking ceremony on Earth Day, April 22, for a 19,500-home community in southwest Florida with its own solar power plant.

    Kitson & Partners in Palm Beach Gardens claims its planned Babcock Ranch community, located east of Fort Myers, would be the first town in the world powered primarily by the sun. [more]

  • Beyonce’s real estate agent Joe Babajian on working LA’s luxury circuit

    Seasoned seller says energy shifting to Eastside
    February 13, 2016 11:15AM TRD WEEKEND EDITION
    Beyonce Los Angeles home

    Beyonce, the mansion at 1181 North Hillcrest she was eyeing, and Joe Babajian

    From the Los Angeles website: Luxury real estate is Joe Babajian’s forte, and the Rolodex of clientele the L.A. native has housed and de-homed over the years is hard to match — by which we mean, it includes Beyonce. The Rodeo Realty broker has also bought and sold homes for Harrison Ford, Nicolas Cage, Janet Jackson, Maria Shriver, and the one and only Barbra Streisand.

    We spoke with the seasoned agent about Pacific Rim buyers, showing houses to Michael Jackson and L.A.’s rise. [more]

  • Boca Raton mansion commands $13.5 million price

    Douglas Elliman agent represents his mom in the sale for $851 per square foot
    February 13, 2016 10:15AM TRD WEEKEND EDITION
    700 Osprey Point Circle in Boca Raton

    700 Osprey Point Circle in Boca Raton

    A mansion in the Sanctuary community of Boca Raton sold for $13.5 million, or $851 per square foot.

    Donna Nero sold the 15,856-square-foot property at 700 Osprey Point Circle in Boca Raton with representation from her son, Douglas Elliman real estate agent Dustin Nero.

    He told the South Florida Business Journal, [more]