The Real Deal Miami

Posts Tagged ‘city of miami’

  • Miami sues major banks over predatory lending

    City claims Fair Housing Act violated in federal lawsuit
    December 20, 2013 12:00PM

    gavThe City of Miami believes three of the biggest banks in the world violated the Federal Fair Housing Act.

    A federal lawsuit has been filed by the city against Bank of America, Citigroup and Wells Fargo over alleged predatory lending, the Miami Herald reported. The city claims it has lost substantial property tax revenue from foreclosures filed by the banks. The lawsuit accuses each bank of regularly giving loans to minority borrowers in the city under different terms than white borrowers over the last decade. [more]

  • filmwebA New York venture is in negotiations with the City of Miami to design a production studio north of downtown Miami.

    The board of the city’s Omni Community Redevelopment Agency chose a bid from EUE/Screen Gems for the $10 million studio facility in the Omni area north of downtown, Miami Herald reported. City officials want a building at 50 NW 14th Street to be rehabilitated into the “Miami Entertainment Complex.” The goal is to increase the volume of television shows and movies that are shot in Miami. [more]

  • Today’s priciest listing: $5M

    Six-bedroom Miami home features a tree-top terrace
    October 01, 2013 05:00PM

    4965 Southwest 82nd Street in Miami

    Today’s priciest new listing is a six-bedroom, six-bathroom single-family home asking nearly $5 million. [more]

  • Midtown residents appeal Wal-Mart permit

    Opponents say retailer's design doesn't match $160 million master-plan neighborhood
    August 28, 2013 09:48AM
    Wal-Mart's rendering for Midtown Miami (inset: opponent Grant Stern)

    Wal-Mart’s rendering for Midtown Miami (inset: opponent Grant Stern)

    Residents of Miami’s Midtown, a new, master-planned community near the artsy Design District, are appealing Wal-Mart’s Class 2 permit, saying America’s largest retailer will build a store that clashes with its neighbors. [more]

  • SEC charges Miami with securities fraud

    The city and its former budget director were accused of misleading investors to gain better terms in bond offerings
    July 22, 2013 10:00AM

    The Securities and Exchange Commission has charged the city of Miami and its former budget director with securities fraud, saying it misled investors about its financial health in order to gain better terms on $153 million in bond offerings in 2009, the Wall Street Journal reported.

    The SEC alleged that the city offered false information in its 2007 and 2008 financial reports in order to mask a widening deficit and gain higher ratings from credit-rating agencies, the Journal said. [more]

  • Developer: Miami ‘most attractive’ to foreigners

    Overseas cash buyers fueling construction in Brickell, Edgewater
    June 12, 2013 10:00AM
    From left, Le Parc at Brickell and Henry Pino, Raimundo Onetto and Patricio Ureta

    From left, Le Parc at Brickell and Henry Pino, Raimundo Onetto and Patricio Ureta

    The Magic City’s fame as an international business and hospitality center continues drawing foreign cash buyers to Miami-Dade County rather than to cheaper Broward and Palm Beach counties, South Florida-based developer Henry Pino told the South Florida Business Journal. [more]

  • Designer Yves Béhar

    UPDATED, 2:00 p.m., May 10: The new 37-floor residential tower project Centro in downtown Miami is one step closer to its vision for sustainability. [more]

  • Harvey Hernandez of Newgard Development Group

    Newgard Development Group is planning a 36-story, 352-unit condominium tower at 151 SE First Street, in Miami’s Central Business District, the Miami Herald reported.

    Harvey Hernandez, who helms Newgard, told the Herald he imagines, “very small units, very cool lofts, with a really nice restaurant on the ground floor.’’ [more]

  • Despite months of speculation that the USA television series “Burn Notice” might leave Miami, the show has reached a “handshake deal” with the City of Miami to stay in its current location, adjacent to City Hall, for one more year, Miami Today reported. The 107,000-square-foot space has served as the shows primary film studio through six season, adding millions of dollars to the local economy. The agreement — brokered by Miami Commissioner Marc Sarnoff — raises Fox Television Studios rent to $450,000 a year from $240,000. However, the deal must be approved by the full Miami commission before it is official. [more]

  • Miami Mayor Tomas Regalado on real estate

    He talks to TRD about foreign buyers, Genting and ramped-up development
    September 22, 2011 09:38AM

    Mayor Tomas Regalado

    Miami Mayor Tomas Regalado, a former journalist, first joined the Miami City Commission in 1996, and was elected to two successive terms, until running a successful campaign for mayor in November 2009, defeating former Commissioner Joe Sanchez with more than 71 percent of the vote. Much has changed in Miami real estate since his election, headlined by a number of large-scale projects like Genting’s purchase of the Miami Herald site, and the UM Life Science and Technology Park, where The Real Deal caught up with Regalado at its official opening yesterday. The mayor talked to The Real Deal about the impact of the park, the changing development climate in Miami and new projects in the Design District and Omni. [more]