From the New York website: As 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]
RE stocks will no longer be grouped with banks and insurers as of ThursdayAugust 31, 2016 10:30AM
Kobi Karp will upgrade the 30,000-square-foot lobbyAugust 31, 2016 09:45AM
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]
August 31, 2016 08:45AM
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]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
The Wrap: Faena District promises a street processional at November opening, restaurateur brings New York City eatery to busy West Palm strip…and moreAugust 30, 2016 06:00PM
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]Association is seeking more damages as some unit owners may be left without a parking spaceAugust 30, 2016 05:15PM By Francisco Alvarado
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]28-home development will launch sales early SeptemberAugust 30, 2016 04:30PM By Katherine Kallergis
Coral Gables-based CC Homes bought a number of undeveloped lots in Parkland for $8.4 million. [more]Federation had walked away from different deal for headquarters in DecemberAugust 30, 2016 03:45PM By Sean Stewart-Muniz
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]Special supplement to include ranking of top brokerages, profiles of key players and moreAugust 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.Landlord is planning a big overhaul to buildings including renovated lobbies and bathroomsAugust 30, 2016 02:15PM
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]
BrickellHouse’s condo association runs into another snag in robotic garage predicament Movers & Shakers: the Conrad hires a new sales director…and more Pot dispensary has high hopes for South Florida expansion New owner of Bay Harbor Continental sues to evict tenants Fannie OKs loans for Miami condos without parking