2.55-acre lot at 20 Casuarina Concourse in Coral Gables (Source: StreetEasy)

Demand for waterfront property in South Florida is so high that the price for vacant parcels of land is rising along with it, the South Florida Business Journal reported. [more]

5817 Riviera Drive in Coral Gables

Today’s priciest new listing is a five-bedroom, five-bathroom single-family home asking $2.7 million. [more]

Alicia Cervera

Legendary real estate agent Alicia Cervera, a leading figure in South Florida’s luxury high-rise market, lives with her husband surrounded by remnants of the Old World, the Wall Street Journal reported. [more]

Rosendo Caveiro, 1505 Ponce de Leon Boulevard and Brad Capas

A 1.43-acre development site located at 1505 Ponce de Leon Boulevard in Coral Gables has sold for $8.5 million, or $136 per square foot, Cushman & Wakefield, which handled the deal, said. The seller is a financial institution advised by the Roseview Group and represented by Cushman & Wakefield’s Rosendo Caveiro and Brad Capas. The buyer is a South Florida-based private investment and development company. [more]

Epicure Gourmet Market & Cafe has signed a 24,000-square-foot lease for the ground floor of Gables Ponce, a new mixed-use project at the intersection of Le Jeune Road and Ponce de Leon Boulevard in Coral Gables. [more]

9570 Journey’s End Road

A home in the Journey’s End community in Coral Gables has been listed for $8.45 million, according to real estate information firm StreetEasy. [more]

The number of new condominium projects in Miami is heading north of 93, as the Merrick Manor tower is now being proposed in Coral Gables, according to a report from brokerage and consultancy Condo Vultures. The project, which would be located between the Merrick Shops ceter and Coral Gables High School in southern Coral Gables, would have 180 units. There are now more than 13,640 new-construction condo units on the way in South Florida, according to Condo Vultures. The project was already in the planning stages in October 2011, according to Coral Gables records. — Alexander Britell

West Palm Beach-based Rent1 Sale 1 Realty has announced the opening of new franchised offices in Coral Gables and Kendall. The company now has 15 offices and over 200 agents in South Florida, with four offices in Miami-Dade County. The Coral Gables office is located at 3725 SW 8th Street, operated by Pete Mateo and Daniel Maldonado. The Kendall office is located at 11543 North Kendall Drive, led by Kelly Micieli. — Alexander Britell

Don Pan

Eatery Chicken Kitchen has signed a lease for half of bakery Don Pan’s location in Coral Gables, according to Beacon Hill Property Group. The deal is for a 2,000-square-foot space at 400 South Dixie Highway. “Dividing this property between complimentary quick-service restaurants offered a unique opportunity to leverage the strengths of two stellar brands,” said Matt Martinez, principal of Beacon Hill Property Group. “We’re confident that this new partnership will exceed expectations.” — Alexander Britell 

396 Alhambra

The North Tower of the recently completed 396 Alhambra office complex in Coral Gables has received LEED Gold certification, the first new construction office tower in the city to do so. The property, which was developed by Agave Holdings, has signed tenants including HBO Latin America, Millicom International Services, law firm Richman Greer and Citibank NA, among others. It is currently 55 percent leased. Blanca Commercial Real Estate is the exclusive leasing agent for the property. The property’s adjacent South Tower is designed to have LEED Silver certification. — Alexander Britell