The Real Deal Miami

  • N.Y.-based Thor Equities scores “missing link” for its Design District portfolio

    Thor now has contiguous property and is putting together a redevelopment plan, broker says
    March 26, 2015 10:30AM By Ina Cordle
    55 NE 39th St., and 56 NE 40th St., Miami and Lyle Chariff

    55 Northeast 39th Street and 56 Northeast 40th Street, Miami and Lyle Chariff, president of Chariff Realty Group

    New York-based Thor Equities has bought two more properties in Miami’s Design District, as it expands its sizable retail portfolio in the neighborhood, The Real Deal has learned. [more]

  • The week in real estate reports

    A weekly feature bringing you the industry's latest intel
    March 26, 2015 09:45AM By Katherine Kallergis
    The week in real estate reports

    The week in real estate reports

    This week’s real estate reports found that most millennials, and a large chunk of potential home buyers, don’t know about closing costs; foreclosure rates in South Florida continue to fall; and compared to last year, residential and commercial construction contracts awarded this year have increased.  [more]

  • Most popular on The Real Deal

    March 26, 2015 09:00AM

    Current reader favorites:
    1. 100 new condo towers now under construction in South Florida
    2. New York-based investors buy another property in red-hot Wynwood
    3. LeFrak, Sternlicht’s 1 Hotel South Beach to open Wednesday
    4. New York investors pick up second Miami Beach hotel
    5. Wynwood land sells for $15M — a fivefold increase in three years

  • miami
    Rendering of the 1 Hotel South Beach

    A fire at the new 1 Hotel South Beach forced an evacuation. Tri-Rail would offer free rides to Overtown district residents in exchange for public funding. ZOM is developing the second phase of Met Square as a 391-unit rental apartment complex. Read these stories and more after the jump. [more]

  • Inside therealdeal.com

  • Game, set, match: Paramount Miami Worldcenter unveils tennis courts

    Will join a soccer field, pools, basketball court and more on sports complex
    March 25, 2015 04:30PM By Ina Cordle

    Rendering of Paramount Miami Worldcenter’s tennis courts

    Lobbing on the Miami Open, Paramount Miami Worldcenter on Wednesday unveiled a rendering of its purple planned tennis courts — the same color as at the Crandon Park tournament now underway on Key Biscayne. [more]

    1 Comment
  • PHOTOS: On the scene at the Panorama Tower concrete pour

    Pour broke Miami-Dade County and Florida construction records
    March 25, 2015 03:45PM
    Concrete trucks line up at the Panorama Tower construction site

    Construction workers broke Florida records on Saturday when they undertook the largest concrete pour in state history. The workers were forming the foundation of Panorama Tower, an upcoming mixed-use project at 1101 Brickell Avenue. [more]

  • Compass responds to Corcoran’s “multi-front assault” suit

    “No agents should feel trapped” just for changing firms, startup says
    March 25, 2015 03:00PM By Hiten Samtani and E.B. Solomont
    Compass CEO Robert Reffkin and Corcoran CEO Pam Liebman

    Compass CEO Robert Reffkin (Credit: Michael Toolan) and Corcoran CEO Pam Liebman

    From the New York website: Compass responded Wednesday to the Corcoran Group’s lawsuit against it, saying in a statement to The Real Deal that the New York State Supreme Court has “flatly rejected” Corcoran’s complaints against the startup brokerage.

    According to Compass, the “Court scoffed at Corcoran’s attempt to prevent its agents from working for Compass and merely instructed Compass’ personnel to continue complying with Company policies already in place — not accessing others’ listings databases and following existing non-solicit agreements.” [more]

  • Holdout condo owners could get more for their units

    Bill in the Florida House targets bulk buyers of condo complexes
    March 25, 2015 02:20PM
    Downtown Miami

    Miami skyline

    Two bills in the Florida House of Representatives and Senate could close a legal loophole that had some condo owners selling their units for under their original purchase price.

    The bills targets bulk buyers of condo complexes who seek to convert the buildings into apartments. Under current law, a building’s condo status can be removed in certain situations, allowing investors to force any remaining tenants to sell their units.  [more]

  • PHOTOS: On the scene at Aria on the Bay’s sales center opening

    53-story tower, designed by Arquitectonica, slated for completion in 2017
    March 25, 2015 01:30PM By Katherine Kallergis
    Martin Melo, Alicia Cervera Lamadrid and Carlos Melo

    Aria on the Bay unveiled its new sales center at a launch party last week. [more]

  • Compson Associates releases plans for Boca Raton condos

    Unit size ranges from single condos to two-story penthouse
    March 25, 2015 12:45PM
    Rendering of Tower 155

    Rendering of Tower 155

    A Boca Raton-based developer has announced plans to build a 170-unit condominium tower in its hometown.

    Tower 155 will be adjacent to Mizner Park in the city’s downtown area. It is being developed by Compson Associates, which also built the mixed-use Renaissance Commons in Boca Raton.

    The tower will have 30 floor plans, which [more]