The Real Deal Miami

  • After nixing condo plans, Midtown 6 revived as rental tower

    Project will have 447 units and ground-floor retail
    May 23, 2016 12:10PM
    Rendering of Midtown Six and an aerial of the development site

    Rendering of Midtown Six and an aerial of the development site

    Nine months after pulling the plug on their plans to build a condo tower called Midtown 6, Magellan Development Group and Midtown Development have announced they’re revisiting the project with a new angle: rental apartments. [more]

  • On the scene at Metropica’s VIP broker event: PHOTOS

    Developer of the 65-acre project tapped Avison Young last week to handle office leasing
    May 23, 2016 11:25AM
    power brokersFrom left: Albert Permuy, Sandra Witmer, Carl Romer, Erick Collazo and Joseph Kavana (Credit: Jose Larrotta)

    Developers of Metropica hosted a VIP event at its sales gallery in Sunrise complete with luxury cars and cocktails. … [more]

  • Luxury homeowners increasingly vulnerable to hackers

    With more homes adopting smart technology, criminals are getting wise
    May 23, 2016 10:30AM

    A smart home and a hacker

    From the New York websiteLinkedIn, big banks, even presidential candidates, they’ve all been hacked. So do you really think you smart home is secure? Online security experts say that homes with thermostats, security cameras, lights and appliances that are connected to the Internet are vulnerable to hackers. [more]

  • Brazilian businessman buys Miami Beach spec home: $13.6M

    Developer Aquablue paid $3.2M for the waterfront plot in 2013
    May 23, 2016 09:45AM
    151 North Hibiscus Drive in Miami Beach

    151 North Hibiscus Drive in Miami Beach

    A Brazilian businessman paid $13.6 million, or $1,967 per square foot, for a new waterfront spec home on Miami Beach’s Hibiscus Island.  [more]

  • Inside

  • Retail real estate’s big week out

    ICSC’s signature four-day Las Vegas event is both work and play for 36,000
    May 23, 2016 08:45AM By Mike Seemuth
    A popular time for private receptions is Monday night, when firms book dozens of venues that draw crowds that range from the hundreds to the thousands.

    A popular time for private receptions is Monday night, when firms book dozens of venues that draw crowds that range from the hundreds to the thousands.

    From the National Market ReportWhat happens in Vegas may stay in Vegas. But what happens at RECon, the International Council of Shopping Centers’ annual retail real estate convention in Las Vegas, reverberates across the country.

    RECon is expected to bring 36,000 attendees to Las Vegas for the networking and deal-making event, including more than 10,000 from California, Florida, New York and Texas alone.

    The convention, which runs from May 22 to 25, takes place in the 1-million-square-foot Las Vegas Convention Center. The numerous off-site private parties in Sin City offer plenty of leisure-time options that convention crowds may lack at home. [more]

  • Most popular on The Real Deal

    May 23, 2016 07:30AM

    Current reader favorites:
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    2. Suit filed against Marriott alleges illegal timeshare scheme, seeks class action
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    4. Resales at new Sunny Isles project may reflect trouble in the market
    5. First look: Encore Capital wants to bring small town America to Plantation

  • Buyer gets 1,414 acres in Cape Coral for $3 million

    A Fort Lauderdale agent represented the buyer, who paid a little over $2,150 per acre
    May 22, 2016 04:00PM TRD WEEKEND EDITION
    Cape Coral

    Cape Coral

    Fort Lauderdale-based real estate agent David Kraizgrun represented the winning bidder in the $3 million auction of a 1,414-acre parcel in Cape Coral.

    The winning bidder, GA-Pinnacle Cape Coral, paid a price that equated to a little more than $2,100 per acre for the land, located off Burnt Store Road. Stan  Stouder of CRE Consultants had the listing for the land. [more]

  • The penthouse in East Perth

    The penthouse in East Perth

    From Luxury Listings NYC: It is quite possibly the largest apartment in Australia, and with an asking price of 27.5 million AUD ($20.2 million), it’s the country’s priciest listing, too.  The sprawling apartment in East Perth hit the market last week, and if it sells at that ask, the penthouse will become the most expensive apartment ever sold in Australia. [more]

  • Trump appeals to the worst in people: Barbara Corcoran

    She said Trump would not make a good president
    May 22, 2016 02:00PM TRD WEEKEND EDITION
    Trump and Barbara Corcoran

    Trump and Barbara Corcoran

    From the New York site: Real estate mogul and entrepreneur Barbara Corcoran has been somewhat cagey (at least in public) about her thoughts regarding the increasingly contentious presidential race. But in a recent interview with CNN, Corcoran made it clear that she is no fan of the Donald. [more]

  • City rejects swap to expand Bahia Cabana — for now

    Randolph Equity Partners wants a fire station next door in exchange for a new one elsewhere
    May 22, 2016 01:00PM TRD WEEKEND EDITION
    Bahia Cabana, 3001 Harbor Drive, Fort Lauderdale

    The Bahia Cabana Beach Resort at 3001 Harbor Drive in Fort Lauderdale

    Fort Lauderdale city commissioners denied a proposal by the owner of the Bahia Cabana Beach Resort to expand and further develop the property by acquiring a fire station next door. [more]