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]
Thor now has contiguous property and is putting together a redevelopment plan, broker saysMarch 26, 2015 10:30AM By Ina Cordle
A weekly feature bringing you the industry's latest intelMarch 26, 2015 09:45AM By Katherine Kallergis
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]
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
The Wrap: Fire forces evening evacuation at new 1 Hotel South Beach, Tri-Rail would offer free rides to Overtown district residents in station deal…and moreMarch 25, 2015 05:30PM
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.comWill join a soccer field, pools, basketball court and more on sports complexMarch 25, 2015 04:30PM By Ina Cordle
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]Pour broke Miami-Dade County and Florida construction recordsMarch 25, 2015 03:45PM
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]“No agents should feel trapped” just for changing firms, startup saysMarch 25, 2015 03:00PM By Hiten Samtani and E.B. Solomont
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]Bill in the Florida House targets bulk buyers of condo complexesMarch 25, 2015 02:20PM
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]53-story tower, designed by Arquitectonica, slated for completion in 2017March 25, 2015 01:30PM By Katherine Kallergis
Aria on the Bay unveiled its new sales center at a launch party last week. [more]Unit size ranges from single condos to two-story penthouseMarch 25, 2015 12:45PM
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]