The Real Deal Miami

  • South Florida homes total worth = $717B, study says

    Up nearly 10 percent from a year ago
    December 19, 2014 11:15AM

    South Florida homes valued at $717B.

    The total value of homes in South Florida was $717 billion in November, up nearly 10 percent from a year ago, according to a published report.

    That gain outpaced the 6.7 percent increase in total value of all U.S. homes, which have an estimated combined value of $27.5 trillion. [more]

  • First beachfront apartment house in Surfside designated historic

    Seaway Villas was under threat of demolition over potential sale to developer
    December 19, 2014 10:30AM

    Seaway Villas was under the threat of demolition.

    The first beachfront apartment house in Surfside was designated as historic on Thursday.

    The Miami-Dade preservation board’s unanimous decision overrode a request from Surfside officials that it hold off on designations in the town, according to published reports.

    Seaway Villas was under the threat of demolition over its potential sale to a developer. Three owners of the 29-unit building had refused to sell to Fort Capital, which had contracted to buy a [more]

  • Lennar Homes to build Coconut Creek townhouse community

    Developer paid $1.1M for property in October
    December 19, 2014 09:45AM
    Town Parc at Miralago, a Lennar Homes development in Parkland.

    Town Parc at Miralago

    Miami-based Lennar Homes reportedly has plans to build a townhouse community called Simonton Court in Coconut Creek.

    The 133 townhomes would be built at 4014 Allerdale Place, on the south side of West Hillsboro Boulevard and east of Lyons Road. [more]

  • Most popular on The Real Deal

    December 19, 2014 09:00AM

    Current reader favorites:
    1. Matt Damon’s Miami Beach manse sold by “The Jills”
    2. Miami Beach’s Deauville Condo-Hotel units to be terminated and sold
    3. Indian Creek residential plot sold for $21.6M
    4. WeWork now valued at $5B
    5. Conditional approval for Midtown apartment tower 

  • Inside

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    Cibo Wine Bar opens at Continuum South of Fifth Street

    It’s cheap, but EB-5 capital isn’t easy money. You don’t see this everyday on a construction site. And after a two-year buildout, Cibo Wine Bar opens at Continuum South of Fifth Street. Read those stories and more after the jump. [more]

  • Atlanta-based brokerage firm opens Fort Lauderdale office

    Fort Lauderdale office is fourth in region for Engler Financial Group
    December 18, 2014 04:30PM
    The Resort at Laguna Lakes, an Engler Financial Palm Beach property

    The Resort at Laguna Lakes, an Engler Financial Palm Beach property

    A multifamily investment and brokerage firm opened its first Fort Lauderdale office at 110 East Broward Boulevard.

    The Fort Lauderdale office is the fourth in the region for Engler Financial Group LLC, joining Tampa, Atlanta and Raleigh, according to published reports. [more]

  • Merrick Manor wins design approval

    Coral Gables board approved 10-story, 224-unit condo project
    December 18, 2014 03:45PM
    Merrick Manor

    Merrick Manor

    The design for Merrick Manor, a 10-story condo project of the Astor Companies, was approved by the Coral Gables Board of Architects, according to a published report.

    The Project at 301 Altara Avenue will have 224 units ranging from 574-square-foot one-bedroom apartments to three bedrooms at 3,200 square feet. [more]

  • Coral Gables board delays decision on Ponce Circle development

    Development estimated to cost $500M
    December 18, 2014 03:00PM
    Mediterranean Ponce Circle

    Mediterranean Village, Ponce Circle

    After discussion over proposed amendments to the former Old Spanish Village site went over the allotted time at a Coral Gables zoning meeting, the board reportedly decided to continue the meeting in January. [more]

  • CRA hiring demands newest roadblock for Miami Worldcenter

    Developer pushing aggressively for approval of first phase
    December 18, 2014 02:15PM
    Miami Worldcenter first phase rendering

    Miami Worldcenter first phase rendering

    The mixed-use Miami Worldcenter project has reportedly met with some serious setbacks as of late.

    The project was hit with a surprise roadblock when officials made a demand on increased minority hiring a condition in negotiating a property tax rebate, according to a published report. [more]

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  • Two Coral Gables apartment buildings sold for $6M

    Properties sold for $232 per square foot
    December 18, 2014 01:30PM
    CBRE arranged the sale.

    CBRE arranged the sale.

    Two Coral Gables apartment buildings sold for $6 million.

    CBRE arranged the sale of both buildings, which had a combined 36 units. Sidonia LLC/Truenorth Santillane LLC by Fipro Holding LLC sold the properties for $166,667 per unit or $232 per square foot.

    Sidonia, located at 1206 Douglas Road, has 20 units. Santillane, located at 3, 11 and 15 Santillane Avenue and 910 Douglas Road, features 16 units, according to a news release. [more]


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