The Real Deal Miami

  • For REITs, getting own S&P 500 category could be a boon

    RE stocks will no longer be grouped with banks and insurers as of Thursday
    August 31, 2016 10:30AM

    From left: Owen Thomas, Marc Holliday and Steven Roth

    From the New York websiteAs of Thursday, real estate investment trusts will no longer be grouped with banks and insurers in the MSCI and S&P 500 stock indices. Instead, they will become their own category, in a move that could impact how certain funds invest in the sector. [more]

  • Investment group buys Datran Center in Kendall for $150M

    Kobi Karp will upgrade the 30,000-square-foot lobby
    August 31, 2016 09:45AM
    Datran Center and Gregg Schenker, president and co-managing partner of ABS

    Datran Center and Gregg Schenker, president and co-managing partner of ABS

    An investment group led by ABS Partners Real Estate and Acre Valley Real Estate Capital paid $150 million to acquire the Datran Center, a two-tower office complex in Miami’s Kendall neighborhood. [more]

  • iPhone-app

    The Real Deal is bringing a cleaner design and more seamless navigation to our latest mobile update, which is now available for download in Apple’s App store and the Google Play store.

    The latest version of our app includes a separate feed for our new Los Angeles website, which joined The Real Deal‘s family of news websites in January. An updated navigation bar allows readers to access each of the three markets with ease, and a new ‘National’ tab aggregates our New York, South Florida and Los Angeles websites into one stream. [more]

  • Most popular on The Real Deal

    August 31, 2016 07:30AM

    Current reader favorites:

    1. Movers & Shakers: The Conrad hires a new sales director… and more
    2. New owner of Bay Harbor Continental sues to evict tenants
    3. Pot dispensary has high hopes for South Florida expansion
    4. New details on billionaire Ken Griffin’s planned Palm Beach estate
    5. Palm Beach estate of Stephen Ross’ late uncle listed for $26M

  • Inside

  • map Rendering of the Faena District

    The centerpiece of Alan Faena’s sprawling Faena District is slated to open this November, and a blowout celebration is expected to ensue. The hip Clematis Street in West Palm Beach is getting its latest addition, a New York City eatery. And millennials, who typically favor online shopping, are worsening already unfavorable market conditions for struggling retailers. Read these stories and more after the jump. … [more]

  • BrickellHouse’s condo association runs into another snag in robotic garage predicament

    Association is seeking more damages as some unit owners may be left without a parking space
    August 30, 2016 05:15PM By Francisco Alvarado

    Brickell House and Harvey Hernandez

    The parking woes at Harvey Hernandez’s BrickellHouse project are about to get worse, according to an attorney representing the building’s unit owners.

    “The condo association has been left with this mess,” lawyer Helio de la Torre told The Real Deal. “We have to clean up this mess.” [more]

  • Lennar sells portion of Broward site to Codina Carr for $8M

    28-home development will launch sales early September
    August 30, 2016 04:30PM By Katherine Kallergis
    Preliminary renderings of Parkland project and Armando Codina

    Preliminary renderings of CC Homes’ Parkland project and Armando Codina

    Coral Gables-based CC Homes bought a number of undeveloped lots in Parkland for $8.4 million. [more]

  • Jewish Federation buys West Palm offices for $10.7M

    Federation had walked away from different deal for headquarters in December
    August 30, 2016 03:45PM By Sean Stewart-Muniz
    1 Harvard Circle (Inset: Michael Hoffman)

    1 Harvard Circle (Inset: Michael Hoffman)

    Mazel Tov!

    After months of searching, the Jewish Federal of Palm Beach County has purchased an office building in West Palm Beach for $10.7 million, likely as a new headquarters. [more]

  • TRD’s LA Market Report is almost here

    Special supplement to include ranking of top brokerages, profiles of key players and more
    August 30, 2016 03:00PM


    The Real Deal is picking up stakes and heading out west! The inaugural edition of our Los Angeles Market Report will arrive in L.A. in early September, with additional distribution in the New York market.

    Our newest special issue will shine a spotlight on the City of Angels, with in-depth coverage of the residential and commercial real estate scenes in neighborhoods from Downtown to the ocean, and from Hollywood to Beverly Hills. We’ll rank the area’s top brokerages and biggest commercial developments, while profiling key local players.

    We’ll also be diving into a hotel building boom that is slated to put thousands of new rooms on the market, and chronicling  celebrity homes trades.

    To receive your copy of the Los Angeles Market Report, email And, for daily coverage of the L.A. market, visit TRD LA. — TRD

  • CushWake scores 120K sf office leasing assignment in South Beach

    Landlord is planning a big overhaul to buildings including renovated lobbies and bathrooms
    August 30, 2016 02:15PM
    1674 and 1688 Meridian Avenue (Inset: Cushman & Wakefield's Gordon Messinger)

    1674 and 1688 Meridian Avenue (Inset: Cushman & Wakefield’s Gordon Messinger)

    With Terranova Corp’s in-house leasing team out of the picture, Ivy Realty has brought on Cushman & Wakefield to manage its two newly acquired office buildings in South Beach. [more]