The Real Deal Miami

  • Morgan Stanley will pay $3.2B to settle crisis-era RMBS charges

    New York state will get $550M of the total
    February 11, 2016 02:15PM
    James Gorman Eric Schneiderman

    From left: Morgan Stanley CEO James Gorman and Attorney General Eric Schneiderman

    From the New York websiteGlobal financial services giant Morgan Stanley agreed to pay $3.2 billion to settle a federal and state probe into Residential Mortgage Backed Securities-related practices that contributed to the 2008 financial crisis.

    As part of the settlement, the bank acknowledged that it relaxed its standards for mortgage loans it pooled and sold to the investors, without informing buyers that it had done so. The bank also admitted that loans with material defects were packed into securities and sold. [more]

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  • PHOTOS: On the scene at the Ocean Residences’ 3-D light show

    Project will include 109 condos and villas, and 181 resort residences
    February 11, 2016 01:30PM
    echo aventura Partygoers snap photos of the lit-up Ocean Resort Residences Conrad Fort Lauderdale Beach Resort (Credit: Korey Davis Photography)

    Orchestra Hotels + Resorts lit up Fort Lauderdale Beach with a 3-D light show and VIP watch party last week. … [more]

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  • Equity residential offloads more SoFla apartments for $27M

    Sale is part of Equity's move to exit suburban markets
    February 11, 2016 12:45PM By Sean Stewart-Muniz
    The Heron Pointe Apartments in Boynton Beach and Equity Residential founder Sam Zell

    The Heron Pointe Apartments in Boynton Beach and Equity Residential founder Sam Zell

    Sam Zell’s Equity Residential just sold off yet another piece of its South Florida apartment portfolio.

    The latest deal: A Boynton Beach apartment complex traded for nearly $27 million to a Texas investment advisor. [more]

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  • Cohen brothers join Compass, list Miami Beach home: $23M

    Waterfront 11,500-square-foot spec manse hit the market on Thursday
    February 11, 2016 12:00PM By Katherine Kallergis
    3114 North Bay Road and Julian and Jacques Cohen

    3114 North Bay Road and Julian and Jacques Cohen

    It’s all in the family for the Cohen brothers, who have both joined Compass and are listing a spec mansion on Miami Beach developed by their father.  [more]

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  • Inside therealdeal.com

  • Kobi Karp buys waterfront North Bay Road home: $6.55M

    Canadian hedge funder sold the 12,600 sf lot
    February 11, 2016 11:15AM By Katherine Kallergis
    5328 North Bay Road (Inset: Kobi and Nancy Karp)

    5328 North Bay Road (Inset: Kobi and Nancy Karp)

    Architect and interior designer Kobi Karp and Nancy Karp picked up a circa-1935 home on Miami Beach’s North Bay Road, county records show. [more]

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  • Zuma execs buy Wynwood lease, plan new Asian restaurant

    KYU will open Feb. 16 at 251 Northwest 25th Street, in the former space of Shikany
    February 11, 2016 10:30AM By Ina Cordle and Katherine Kallergis
    KYU Wynwood

    KYU

    The former executive chef and general manager of Zuma in Miami have purchased the leasehold interest in a Wynwood restaurant with plans to launch a new Asian-inspired dining spot. [more]

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  • The downtown Miami skyline and Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky

    The downtown Miami skyline and Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky

    In the last few years, Airbnb has become wildly popular, shaking up the hotel market in many locations, including South Florida. [more]

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  • Most popular on The Real Deal

    February 11, 2016 09:00AM

    Current reader favorites:
    1. Argentinian journalist buys at Asia in Brickell Key: $2.55M
    2. Thor unloads Design District properties: $128.3M
    3. Telemundo unveils plans for new $250M headquarters
    4. LeFrak talks condo market volatility in SoFla, NYC: VIDEO
    5. Former Cheeca owner plans new upscale Key Largo resort

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  • map Soccer star David Beckham

    David Beckham is looking for deep-pocketed investors to help him build his Miami soccer stadium. Homeowners on Jupiter’s Love Street are getting ready to move in advance of a new marketplace development opening across the street. And Miami is becoming a favorite locale for Latin Americans to settle their legal arbitrations. Read these stories and more after the jump. … [more]

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  • CushWake hired to lease Deerfield offices under new ownership

    Building is currently 77.5 percent leased, with rates from $16.50 psf to $17.50 psf
    February 10, 2016 06:00PM
    The offices at 800 Fairway Drive in Deerfield Beach

    The offices at 800 Fairway Drive in Deerfield Beach

    Fairlead Commercial Real Estate has hired brokerage Cushman & Wakefield to handle leasing for its newly acquired office building in Deerfield Beach. [more]

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