The Real Deal Miami

  • Former Budweiser estate on Palm Island listed at $14.5M

    Home was previously listed for $12M in 2010, reduced to $8.9M in 2013
    August 28, 2015 05:45PM By Ina Cordle
    BudweiserEstate (2)

    142 Palm Avenue in Miami Beach

    The historic Miami-Dade County estate built for Anheuser-Busch beer magnate Clarence M. Busch is again on the market, this time for $14.5 million, The Real Deal has learned. [more]

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  • Jessica Goldman Srebnick turns her sights to ‘Wynwood 2.0′

    On tap: Wynwood Garden, a garage and a mixed-use project
    August 28, 2015 05:15PM By Niala Boodhoo
    Jessica Goldman Srebnick cropped_by_Mia Nunez

    Jessica Goldman Srebnick

    Goldman Properties, often credited with revitalizing Miami’s Wynwood neighborhood, said it’s now turning its sights on “Wynwood 2.0” — a slew of projects in the coming months for the Miami neighborhood, including breaking ground on an eight-story car garage and an expansion of the public art project Wynwood Walls.

    “Wynwood is an extraordinary community,” said Goldman Properties CEO Jessica Goldman Srebnick on Friday, during a “Champions of Business” lunch panel organized by the Miami Beach Chamber of Commerce. “It’s what we love — to see thriving neighborhoods come from something hopeless.”

    While the neighborhood is still in its infancy, Goldman’s focus right now is the next phase of development she told the audience at the St. Regis Bal Harbour Resort. [more]

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  • Brazil tops world for SoFla property searches — again

    Interest from Russia and the Ukraine is on the rise
    August 28, 2015 04:30PM By Sean Stewart-Muniz
    A view of the Brickell skyline from 2009 (Credit: creative commons user MiamiTom) and the flag of Brazil (Credit: Max Hendel)

    A view of the Brickell skyline from 2009 (Credit: creative commons user MiamiTom) and the flag of Brazil (Credit: Max Hendel)

    For the 13th month in a row, Brazil has ranked as the top foreign country searching for real estate in South Florida. [more]

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  • New Florida Keys resort wins approval

    Singh Investors, which has 13 major projects in the Keys, is the developer
    August 28, 2015 03:45PM By Robert Silk
    knights resort

    Knight’s Key Resort & Marina

    The Marathon City Council has given preliminary site plan approval to a proposed 199-room oceanfront hotel that would be located on Knights Key, immediately to the north of the Seven Mile Bridge. [more]

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  • Inside therealdeal.com

  • Boca financial center trades for $23M

    Last sale price was $26.6M in 2002
    August 28, 2015 03:00PM By Sean Stewart-Muniz
    The Wells Fargo Plaza at 925 South Federal Highway in Boca Raton

    The Wells Fargo Plaza at 925 South Federal Highway in Boca Raton

    The Wells Fargo Plaza in Boca Raton was just sold for $23.16 million to a private real estate investment company. [more]

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  • FHA opens window to more borrowers

    New approach could create a pathway for as many as 75K to 100K new loans a year
    August 28, 2015 02:15PM By Kenneth Harney
    Mortgage Bankers

    From left: David Stevens and Clem Ziroli

    From the New York website: If you’ve got a low FICO credit score but believe you can handle monthly mortgage payments instead of rent, here’s some potentially good news: The government is now willing to give you a better shot at obtaining a low-down-payment home loan from the Federal Housing Administration.

    Under a key policy change that took effect last week, lenders nationwide now have more leeway to approve mortgages to borrowers who qualify under FHA’s underwriting guidelines but may have below-par FICO scores. [more]

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  • Miami chamber’s Asia Task Force targets China

    A group of 22 Chinese business people is visiting next month, including two billionaires
    August 28, 2015 01:30PM By Francisco Alvarado
    asia task force

    Greater Miami Chamber of Commerce’s Asia Task Force

    An Asia Task Force organized by the Greater Miami Chamber of Commerce wants to organize Miami trips for Chinese journalists, investors and developers to help market the city to businesses and entrepreneurs from the Far East, The Real Deal has learned.

    At its first brainstorming session Friday morning, the eight-member task force laid out its objectives. [more]

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  • Three-story PH at Jade Beach sells for $7.5M

    Buyer heads the Comolatti Group, a Brazilian conglomerate that deals in auto parts
    August 28, 2015 12:45PM By Sean Stewart-Muniz
    Unit 4905 at the Jade Beach condo tower in Sunny Isles Beach

    Unit 4905 at the Jade Beach condo tower in Sunny Isles Beach

    A Brazilian businessman just paid $7.5 million for a ritzy three-story penthouse in the Jade Beach condo tower in Sunny Isles Beach. [more]

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  • Miami Association of Realtors building sold for $16M

    Buyer is entity linked to Management Resources College
    August 28, 2015 12:00PM By Sean Stewart-Muniz
    The Miami Association of Realtors headquarters at 700 South Royal Poinciana Boulevard

    The Miami Association of Realtors headquarters at 700 South Royal Poinciana Boulevard

    A 10-story office building on Miami International Airport’s northeast corner was just sold for $16.25 million. [more]

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  • Equity One picks up Miami shops for $11.8M

    Last sale was for $750,000 in 1988
    August 28, 2015 11:15AM By Sean Stewart-Muniz
    The Bird Road retail center in unincorporated Miami-Dade County

    The Bird Road retail center in unincorporated Miami-Dade County

    Equity One, a New York and Miami-based real estate investment trust that specializes in retail properties, just paid $11.8 million for the Bird 107 Plaza near the Westwood Lakes neighborhood of Miami.

    The property is a 2.3-acre shopping center at 10591 Southwest 40th Street in unincorporated Miami-Dade County. It has one single-story building with 34,178 square feet of space, a parking lot and two outparcels occupied by Pizza Hut and Checkers, according to Miami-Dade property records. [more]

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