The Real Deal Miami

  • Get a sneak peak at new developments during TRD’s Oct. 23 South Florida Showcase

    Related Group and Terra Group among major firms exhibiting projects
    October 20, 2014 05:30PM
    Rendering of Metropica, one of the project's to be displayed during the showcase

    Rendering of Metropica, one of the projects to be displayed during the showcase

    The biggest developers and real estate firms in the industry will offer an exclusive look at their latest projects and listings during The Real Deal’s South Florida Forum & Showcase this Thursday at the Moore Building in Miami’s Design District.

    Confirmed exhibitors for the all-day event include developers Fortune International Group, Key International, the Related Group and Terra Group. Brokerages slated to occupy booths throughout the day include Douglas Elliman, Cervera Real Estate, One Sotheby’s International Realty, One World Properties and Opulence International Realty. [more]

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  • Luxe market snapshot: low inventory, new permits up

    Buyers seek move-in ready homes
    October 20, 2014 05:15PM
    A luxury home in Palm Beach

    A luxury home in Palm Beach

    The luxury market in Palm Beach, frozen by the recession, is scrambling back to life. [more]

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  • Startup breaks mold with flat fees, salaries

    Brokers forgo traditional 6 percent commission at ByOwner.com
    October 20, 2014 04:30PM
    Palm Beach (Credit: Michael Kagdis)

    Palm Beach (Credit: Michael Kagdis)

    Defying the way brokerages are typically run, a new Palm Beach County firm is charging a flat fee to sell homes. [more]

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  • Tuscany project sells 63 more homes

    Low prices a bargain for the area
    October 20, 2014 03:45PM

    unnamedA Sunrise builder upped the number of homes he was selling at his project, and the decision paid off.

    On Saturday, GL Homes sold 63 additional lots at Tuscany, a new development near Delray Beach, according to the Sun-Sentinel. Initial plans called for 53 lots to be released, but the builder decided to accommodate more buyers in the face of strong demand. [more]

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  • Inside therealdeal.com

  • New eateries, hotspots revive Biscayne Boulevard

    Offices and condos also coming to MiMo/Biscayne Historic District
    October 20, 2014 03:00PM
    From left: Avra Jain and the Vagabond

    From left: Avra Jain and the Vagabond Motel

    From blighted motels to celebrity chef-owned restaurants, a piece of Biscayne Boulevard is getting made over in a wave of new development.

    Thanks to new commercial investment, 27 blocks of Biscayne between Northeast 50th and 77th Streets in the MiMo/Biscayne Boulevard Historic District, is receiving a low-key but stylish makeover, the Miami Herald reported. [more]

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  • Delinquent mortgage borrowers get another chance

    Fannie Mae and Freddie Mac eliminate eligibility cap
    October 20, 2014 02:15PM

    underfeechNow being two or more years late on mortgage payments no longer means delinquent Florida borrowers have run out of options to save their homes.

    The Federal Housing Finance Agency eliminated an eligibility cap that banned loan modifications to borrowers who were more than 720 days delinquent. Lenders are being urged to comply with the change in the loan modification rules immediately, and borrowers who were previously denied a modification must be reevaluated. [more]

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    Artist Peter Max with Carlos Rosso during the Hyde Midtown sales center opening (credit: World Red Eye)

    Carlos Rosso discusses Related Group’s Miami legacy. The latest on plans to revive downtown Formula E auto race. I-395 bridge gets necessary funding to proceed. Read those stories and more after the jump.

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  • Demand may spur return of financing for new office buildings

    Traditional lenders may return to role in commercial building
    October 20, 2014 01:30PM
    Downtown Fort Lauderdale

    Downtown Fort Lauderdale

    A scarcity in large blocks of South Florida office space may mean the return of traditional financing for new construction.

    A report from real estate firm JLL said the downtown Fort Lauderdale vacancy rate was at its lowest since 2007, and commercial real estate brokers say that this is pushing rental rates high enough to validate new construction. [more]

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  • New twists emerge in Seaway Villas condo fight

    Historic designation may not save condo
    October 20, 2014 12:45PM
    Seaway Villas

    Seaway Villas

    One of the last holdouts in a fight that has pitted condo owners in Seaway Villas in Surfside against a controversial developer says he may be forced out of his home.

    Stephen Norris, who has lived in the oceanfront development for 20 years, doesn’t want the buyout offer that many of his fellow residents have accepted from developer Fort Capital Management. But he says the law may be forcing his hand – and that of two other holdouts, including a Bal Harbour council member. [more]

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  • Royalton sells landmarked Palm Beach home

    English luxury builder gets nearly $12 million for house carved out of larger portfolio
    October 20, 2014 12:00PM
    61 Middle Road entrance (inset: Peter Wood)

    61 Middle Road entrance (inset: Peter Wood)

    A company linked to an English homebuilding firm got nearly $12 million for a landmarked home in Palm Beach.

    Royalton Group US Holding Inc., which is tied to Surrey, England-based Royalton Group, sold the 61 Middle Road residence in a transaction recorded on Friday, according to Palm Beach County records. The home was one of three properties the firm acquired from billionaire philanthropist Jon Stryker in a $43 million deal that closed in May. Royalton hired Barrett Welles Property Group of Palm Beach to market the seven-bedroom, 7,330-square-foot house, which was built in 1926. [more]

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