The Real Deal Miami

  • map The former Trump International Hotel & Tower in Fort Lauderdale

    An appellate court has reversed its ruling on attorney fees in the long-standing legal battle between buyers and the developer of the former Trump International Hotel & Tower in Fort Lauderdale. Singer-songwriter Jason Derulo has put his snazzy Coconut Creek mansion back on the market. And Miami Mayor Tomás Regalado has come out against the Boulevard 57 project, whose backer was recently revealed as a Venezuelan oil tycoon. Read these stories and more after the jump. … [more]

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  • Blackstone Mortgage Trust shakes off debt market turbulence

    Lending REIT has issued $1.5B in new loans this year
    April 27, 2016 06:00PM By Konrad Putzier
    Blackstone headquarters at 345 Park Avenue (inset: Stephen Plavin)

    Blackstone headquarters at 345 Park Avenue (inset: Stephen Plavin)

    From the New York websiteTurmoil in global capital markets during the first months of 2016 left many commercial real estate lenders licking their wounds, but not Blackstone Mortgage Trust. The commercial mortgage REIT originated $861 million worth of new loans in the first quarter, while increasing its net income by 61 percent year-over-year to $57.2 million. [more]

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  • Construction employment jumps in Miami by 18% since 2015

    15,500 construction jobs have been added in South Florida since 2012
    April 27, 2016 05:15PM By Katherine Kallergis
    Construction cranes

    Construction cranes

    As the supply of quality construction workers dwindles across the country, demand continues rising, especially in South Florida.

    The Miami metro area added 7,000 new construction jobs between March 2015 and March of this year, according to a report released on Wednesday from the Associated General Contractors of America.  [more]

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  • Partnership to spend $6.5M on rehabilitating Liberty City apartments

    Developer hopes to wrap-up project in December
    April 27, 2016 04:30PM
    1255 Northwest 58th Street and Carrfour CEO Stephanie Berman

    1255 Northwest 58th Street and Carrfour CEO Stephanie Berman

    In an effort to curb Miami’s homeless population, developer Carrfour Supportive Housing has announced a $6.5 million renovation plan in Liberty City. [more]

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  • Inside therealdeal.com

  • Shoes, purse, condo: Shopping for real estate extends to upscale malls

    Douglas Elliman is marketing the Wave at Bayshore at its new Galleria mall kiosk
    April 27, 2016 03:45PM By Ina Cordle
    DOWNTOWN PHOTO

    Dan Teixeira at the Galleria kiosk

    Weekend to-do list: shop for clothes, shoes, gifts — and a condo — at the mall.

    Douglas Elliman has joined the latest trend: opening a kiosk at the Galleria at Fort Lauderdale, as upscale malls become the new frontier for brokerage firms. [more]

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  • Harvey Hernandez on how Broward differs from Miami: VIDEO

    Developer touched on his upcoming Gale Boutique Hotel & Residences Fort Lauderdale Beach
    April 27, 2016 03:00PM By Sean Stewart-Muniz
    Harvey Hernandez and Ina Cordle

    Harvey Hernandez and Ina Cordle

    Back in the early 2000s when the Miami condo boom was just a glimmer in the city’s eye, Harvey Hernandez founded the Newgard Development Group. Now, the company has several condo projects completed and even more in the pipeline.

    Click here to check out The Real Deal South Florida’s Managing Editor Ina Cordle have a candid chat with the developer about his projects and the market at TRD’s Broward event. … [more]

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  • Former Dodgers owner buys equestrian estate in Wellington for $20M

    Billionaire horse enthusiasts sold their former Wellington estate earlier in April
    April 27, 2016 02:15PM By Katherine Kallergis
    Crab Orchard farm in Wellington and Frank McCourt

    Crab Orchard farm in Wellington and Frank McCourt

    After selling an equestrian estate in Wellington for $12 million, billionaire Frank McCourt is upgrading.

    Records show the former Los Angeles Dodgers owner and horse enthusiast paid $20 million for the 40-acre property, known as Crab Orchard farm, at 13180 Southfields Road in Wellington.  [more]

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  • Key International puts Little Havana apartment portfolio up for grabs: $12M

    Asking price is roughly $151,898 per unit
    April 27, 2016 01:30PM By Sean Stewart-Muniz
    931 Southwest 3rd St and 910 Southwest 2nd Street

    931 Southwest 3rd St and 910 Southwest 2nd Street

    Key International has placed its assemblage of low-rise apartment buildings in Little Havana on the market with an asking price of $12 million. [more]

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  • South Beach Residence Inn opens its doors: PHOTOS

    The 116-key Sunset Harbour hotel was designed by Kobi Karp
    April 27, 2016 12:45PM
    echo aventuraFrom left: Helen Finvarb, Richard Finvarb, Ronny Finvarb and Laura Finvarb

    Finvarb Group’s Residence Inn by Marriott Miami Beach South Beach celebrated its grand opening recently – complete with bites from nearby restaurants. … [more]

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  • Waterfront Gables Estates home sells for $7.5M

    Listing agent Audrey Ross had the property on the market since 2014
    April 27, 2016 12:00PM By Katherine Kallergis
    300 Leucadendra Drive in Coral Gables

    300 Leucadendra Drive in Coral Gables

    A waterfront mansion in the Gables Estates neighborhood traded hands for $7.45 million, or about $730 per square foot. [more]

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