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]
Home was previously listed for $12M in 2010, reduced to $8.9M in 2013August 28, 2015 05:45PM By Ina Cordle
On tap: Wynwood Garden, a garage and a mixed-use projectAugust 28, 2015 05:15PM By Niala Boodhoo
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]
Interest from Russia and the Ukraine is on the riseAugust 28, 2015 04:30PM By Sean Stewart-Muniz
For the 13th month in a row, Brazil has ranked as the top foreign country searching for real estate in South Florida. [more]Singh Investors, which has 13 major projects in the Keys, is the developerAugust 28, 2015 03:45PM By Robert Silk
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]
Inside therealdeal.comLast sale price was $26.6M in 2002August 28, 2015 03:00PM By Sean Stewart-Muniz
The Wells Fargo Plaza in Boca Raton was just sold for $23.16 million to a private real estate investment company. [more]New approach could create a pathway for as many as 75K to 100K new loans a yearAugust 28, 2015 02:15PM By Kenneth Harney
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]A group of 22 Chinese business people is visiting next month, including two billionairesAugust 28, 2015 01:30PM By Francisco Alvarado
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]Buyer heads the Comolatti Group, a Brazilian conglomerate that deals in auto partsAugust 28, 2015 12:45PM By Sean Stewart-Muniz
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]Buyer is entity linked to Management Resources CollegeAugust 28, 2015 12:00PM By Sean Stewart-Muniz
A 10-story office building on Miami International Airport’s northeast corner was just sold for $16.25 million. [more]Last sale was for $750,000 in 1988August 28, 2015 11:15AM By Sean Stewart-Muniz
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]April 2015 The Real Deal magazine