The Real Deal Miami

  • PHOTOS: On the scene at the Panorama Tower concrete pour

    Pour broke Miami-Dade County and Florida construction records
    March 25, 2015 03:45PM
    Concrete trucks line up at the Panorama Tower construction site

    Construction workers broke Florida records on Saturday when they undertook the largest concrete pour in state history. The workers were forming the foundation of Panorama Tower, an upcoming mixed-use project at 1101 Brickell Avenue. [more]

  • Compass responds to Corcoran’s “multi-front assault” suit

    “No agents should feel trapped” just for changing firms, startup says
    March 25, 2015 03:00PM By Hiten Samtani and E.B. Solomont
    Compass CEO Robert Reffkin and Corcoran CEO Pam Liebman

    Compass CEO Robert Reffkin (Credit: Michael Toolan) and Corcoran CEO Pam Liebman

    From the New York website: Compass responded Wednesday to the Corcoran Group’s lawsuit against it, saying in a statement to The Real Deal that the New York State Supreme Court has “flatly rejected” Corcoran’s complaints against the startup brokerage.

    According to Compass, the “Court scoffed at Corcoran’s attempt to prevent its agents from working for Compass and merely instructed Compass’ personnel to continue complying with Company policies already in place — not accessing others’ listings databases and following existing non-solicit agreements.” [more]

  • Holdout condo owners could get more for their units

    Bill in the Florida House targets bulk buyers of condo complexes
    March 25, 2015 02:20PM
    Downtown Miami

    Miami skyline

    Two bills in the Florida House of Representatives and Senate could close a legal loophole that had some condo owners selling their units for under their original purchase price.

    The bills targets bulk buyers of condo complexes who seek to convert the buildings into apartments. Under current law, a building’s condo status can be removed in certain situations, allowing investors to force any remaining tenants to sell their units.  [more]

  • PHOTOS: On the scene at Aria on the Bay’s sales center opening

    53-story tower, designed by Arquitectonica, slated for completion in 2017
    March 25, 2015 01:30PM By Katherine Kallergis
    Martin Melo, Alicia Cervera Lamadrid and Carlos Melo

    Aria on the Bay unveiled its new sales center at a launch party last week. [more]

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  • Compson Associates releases plans for Boca Raton condos

    Unit size ranges from single condos to two-story penthouse
    March 25, 2015 12:45PM
    Rendering of Tower 155

    Rendering of Tower 155

    A Boca Raton-based developer has announced plans to build a 170-unit condominium tower in its hometown.

    Tower 155 will be adjacent to Mizner Park in the city’s downtown area. It is being developed by Compson Associates, which also built the mixed-use Renaissance Commons in Boca Raton.

    The tower will have 30 floor plans, which [more]

  • Q&A with Robert Hill of the InterContinental Miami

    On the future of transportation in Miami, celebrity branding and repositioning the hotel
    March 25, 2015 12:00PM By Katherine Kallergis
    InterContinental Miami and Robert Hill

    Hotel InterContinental Miami and Robert Hill

    Robert Hill, general manager of the InterContinental Miami, oversaw the hotel’s $30 million renovation in 2012, which included Venus Williams-designed suites, a 19-story digital canvas on the building’s exterior and the launch of Toro Toro. [more]

  • Developer launches sales for AquaBlu in Fort Lauderdale

    Developer says 10 units are presold
    March 25, 2015 11:15AM
    Rendering of AquaBlu

    Rendering of AquaBlu

    Four days after breaking ground on AquaLuna, developer Ocean Land Investments has launched sales at another of its condominium projects in East Las Olas — AquaBlu. [more]

  • Inside a Compass job offer

    Corcoran suit reveals details of compensation package startup offered to key manager
    March 25, 2015 10:30AM By E.B. Solomont

    (Credit: Juan Zielaskowski)

    From the New York website: UPDATED 8:19 p.m., March 24: When Gene Martinez, the former Soho manager for the Corcoran Group, decamped to Compass earlier this year, he accidentally left a key document on his Corcoran work computer: a copy of his job offer from Compass. [more]

  • New York investors pick up second Miami Beach hotel

    Buyer owns and manages buildings in New York
    March 25, 2015 09:45AM By Sean Stewart-Muniz
    SoBe Hostel

    SoBe Hostel

    A pair of New York real estate investors just purchased a Miami Beach hostel for $8.28 million, Miami-Dade County records show.  [more]

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