The Real Deal Miami

  • map Mosquito

    Miami’s local leaders are asking Gov. Rick Scott for help battling the spread of Zika. Ward Real Estate wants to build a batch of equestrian homes on an abandoned Wellington golf course. And some of Miami’s most notable restaurants are feeling the heat as rents skyrocket. Read these stories and more after the jump. … [more]

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  • WeWork to lease roughly 65,000 sf at Brickell City Centre

    Asking rents at building average $53 per square foot annually
    August 26, 2016 06:00PM By Sean Stewart-Muniz
    A rendering of Two Brickell City Centre and WeWork’s Miguel McKelvey and Adam Neumann

    A rendering of Two Brickell City Centre and WeWork’s Miguel McKelvey and Adam Neumann

    Coworking giant WeWork has signed a deal to lease nearly 65,000 square feet of uncompleted office space at Swire Properties’ Brickell City Centre project, sources told The Real Deal. [more]

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  • Unit owners at Chateau Beach sue developer, contractor for delays due to explosion

    After Oct. 2015 explosion, building's TCO was revoked and it was deemed unsafe until June
    August 26, 2016 05:15PM By Ina Cordle
    Rendering of Chateau Beach, Dan Whiteman and Manuel Grosskopf

    Rendering of Chateau Beach, Dan Whiteman and Manuel Grosskopf

    Two unit owners at Chateau Beach Residences have sued the developer and contractor over delays linked to an explosion at the Sunny Isles Beach luxury condominium tower last year. [more]

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  • Palm Beach spec manse wins architectural approval, will be priced near $40M

    Home at 520 Island Drive will hit the market in early 2017, priced at $3,000 psf
    August 26, 2016 04:30PM By Ina Cordle
    Spec-House-and-Corey-Schottenstein

    Rendering of spec house at 520 Island Drive and Corey Schottenstein

    The developer of a Palm Beach spec home told The Real Deal he is moving ahead with construction after winning architectural approval, with plans to price the home at about $40 million. [more]

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  • Inside therealdeal.com

  • Miami investment group buys West Kendall shops: $18M

    Buyer is led by Yoram Izhak, an Israeli-born investor and once-convicted tax evader
    August 26, 2016 03:50PM
    West kendall

    Shopping center at 15785 Southwest 72nd Street in Miami

    IMC Equity Group, a North Miami-based investment firm, paid $18 million to acquire a West Kendall shopping center. [more]

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  • Embattled Nigerian energy tycoon offloads Sunny Isles condos in bulk

    Executive ran into trouble when his lender began to foreclose on condos
    August 26, 2016 03:00PM By Sean Stewart-Muniz
    The St. Tropez complex (Inset: Olajide Omokore)

    The St. Tropez complex (Inset: Olajide Omokore)

    The man Forbes once listed under “Ten Nigerian multi-millionaires you’ve never heard of” is grabbing a lot of international headlines lately.

    Olajide Omokore, a Nigerian oil magnate, was recently arrested for money laundering and corruption in his home country. And now a company linked to the high-flying energy executive has offloaded a trove of lavish Sunny Isles Beach condos. [more]

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  • Miami Jewish Health Systems seeks to redevelop campus with residences, hotel

    Plan includes creating a special area plan, with construction in phases
    August 26, 2016 02:15PM By Francisco Alvarado
    Marc Agronin and a rendering of the project

    Marc Agronin and a rendering of the project

    Miami Jewish Health Systems executives laid out redevelopment plans for the non-profit’s sprawling elderly care campus in Miami’s Buena Vista neighborhood at a community meeting Thursday evening. [more]

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  • LeFrak plans 260-unit Hollywood, California mixed-use development

    New York firm bought the Art Deco property for $5.85M in 2007
    August 26, 2016 01:30PM By Cathaleen Chen
    LeFrak CEO Richard LeFrak and the site at 6436 West Hollywood Boulevard

    LeFrak CEO Richard LeFrak and the site at 6436 West Hollywood Boulevard

    From the Los Angeles website: New York and South Florida developer Richard LeFrak is expanding his footprint in Los Angeles with a new mixed-use project in Hollywood.

    LeFrak has submitted plans for a 278,892-square-foot mixed-use complex with 260 residential units and 17,800 square feet of commercial space, according to city planning documents. [more]

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  • Bacardi family member lists new Cocoplum estate for $27M

    12-bedroom estate took eight years to build
    August 26, 2016 12:50PM
    Hilda Maria Bacardi (via Facebook) and her Cocoplum estate

    Hilda Maria Bacardi (via Facebook) and her Cocoplum estate (via Estately)

    The great, great granddaughter of Bacardi founder Facundo Bacardí Massó has listed her newly completed waterfront Cocoplum estate for $27.26 million. [more]

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  • Approvals in hand, Boca landowner wants $50M for 37-acre development site

    Price breaks down to roughly $1.34 million per acre
    August 26, 2016 12:05PM
    Aerial view of the Thomas family land and Jim Knight

    Aerial view of the Thomas family land and Jim Knight

    After nabbing Palm Beach County commission approval for a large retail development, the Thomas family is now looking to sell its 37.4 acres in Boca Raton for upwards of $50 million. [more]

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