The Real Deal Miami

  • South Florida by the numbers: LeBron is Gone edition

    October 24, 2014 11:15AM By Master Brokers Forum
    LeBron James

    LeBron James

    “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

    The NBA’s 2014-15 season tips off on Tuesday, and unless you’ve been living under a very large rock, you know that the Miami Heat will enter the season without the all-world talents of LeBron James. King James’ four-year tenure in South Florida was an electrifying era marked not only by two consecutive NBA championships, but also by a substantial impact on Miami’s economy. While the Heat appear poised for respectability in the wake of LeBron’s departure, what effect will his absence have on local real estate and businesses? Let’s explore that question in this month’s edition of “South Florida by the numbers.” [more]

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  • Miami’s design influence spreads globally

    Leading architects, designers discuss increasingly competitive market during TRD showcase
    October 24, 2014 10:30AM By Francisco Alvarado
    From left: Steven Gurowitz, John Hitchcox, Karim Rashid and Chad Oppenheim

    From left: Steven Gurowitz, John Hitchcox, Karim Rashid and Chad Oppenheim

    Miami’s latest condo boom is substantially boosting the city’s profile in the design world, according to a panel of leading architects and interior designers who participated in The Real Deal’s Annual South Florida Real Estate Forum & Showcase. [more]

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  • Construction costs worry developers in South Florida

    Panelists at TRD real estate forum warn about "800-pound gorilla in the room"
    October 24, 2014 09:45AM By Francisco Alvarado
    From left: Richard LeFrak, Stephen Owens, Edgardo Defortuna, Don Peebles, Ron Krongold and Nitin Motwani

    From left: Richard LeFrak, Stephen Owens, Edgardo Defortuna, Don Peebles, Ron Krongold and Nitin Motwani

    Property prices aren’t likely to level off any time soon. But rising construction costs could dampen the market, according to several high-profile developers who sized up the latest boom in Miami during a panel discussion at The Real Deal’s annual South Florida Real Estate Forum & Showcase. [more]

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  • Top stories

    October 24, 2014 09:00AM

    Top stories yesterday on The Real Deal:
    1. TriStar, RFR partner to acquire Lincoln Road building
    2. $124M mortgage given to Echo Brickell developer
    3. Ian Schrager’s Miami Beach condo project nears completion – with some surprises

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  • Inside therealdeal.com

  • Tobacco Road set to open on new street

    Miami's oldest bar to reopen at 69 S.W. 7th Street
    October 23, 2014 05:15PM
    tobacco road

    Tobacco Road

    Miami’s oldest bar, in business for almost 102 years, is closing its doors — but not shutting down its operation.

    Tobacco Road will close its doors on Oct. 25 at 626 S. Miami Ave., where construction is changing the neighborhood and often clogs the streets surrounding the bar.

    But the bar will open in a new location at 69 S.W. 7th Street, transporting many artifacts such as its 30-foot wooden bar. The new spot is set to open in a year. [more]

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  • New Yorkers snap up Miami sites as Russian investors exit

    Panelists at The Real Deal’s Annual Real Estate Showcase also expect Chinese investors to start buying big
    October 23, 2014 04:40PM By Francisco Alvarado
    From left: Craig Studnicky, Alicia Cervera, Nelson Gonzalez and Jay Parker

    From left: Craig Studnicky, Alicia Cervera, Nelson Gonzalez and Jay Parker

    While Russian buyers are fleeing Sunny Isles Beach, investors from New York and Los Angeles are flocking to Miami to buy luxury homes, according to a group of brokers who participated in a panel discussion during The Real Deal’s Annual Real Estate Forum and Showcase in the Design District’s Moore Building. [more]

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  • Developer of affordable homes turns to market-rate projects

    New direction for Housing Trust Group fueled by improving economy
    October 23, 2014 04:25PM
    Matt Rieger

    Matt Rieger

    Housing Trust Group is taking advantage of the economy’s rebound to pivot to a different strategy.

    According to an interview in the Daily Business Review, Matt Rieger, president and CEO, said that the family-owned business has specialized in affordable housing and apartments for seniors. Then the housing market crashed and the company retrenched. [more]

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  • West Palm Beach seeks proposals for “Tent Site”

    After green lighting Michael McCloskey's plan, city obligated to put out RFPs for alternative ideas
    October 23, 2014 03:45PM
    The "tent site"

    Rendering of McCloskey’s plan for downtown property

    Now is the time to submit alternative proposals for location in West Palm Beach’s downtown known as the “tent site.” [more]

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  • Waterfront project gets the green light

    Azure set to break ground in Palm Beach Gardens
    October 23, 2014 03:00PM
    Azure project rendering

    Azure project rendering

    A new condo project is set to break ground in Palm Beach Gardens after receiving approval from the city. [more]

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  • Renderings revealed for convention center’s new look

    $500M makeover includes futuristic façade
    October 23, 2014 02:14PM
    Miami Beach Convention Center rendering (Credit: Miami Herald)

    Miami Beach Convention Center rendering (Credit: Miami Herald)

    The Miami Beach City Commission got its first look at renderings for renovation of the Miami Beach Convention Center at a meeting Wednesday. [more]

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