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]
The Wrap: Court reverses on attorney fees in Fort Lauderdale Trump hotel flop, Jason Derulo relists Coconut Creek mansion…and moreApril 27, 2016 06:15PM
Lending REIT has issued $1.5B in new loans this yearApril 27, 2016 06:00PM By Konrad Putzier
From the New York website: Turmoil 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]
15,500 construction jobs have been added in South Florida since 2012April 27, 2016 05:15PM By Katherine Kallergis
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]Developer hopes to wrap-up project in DecemberApril 27, 2016 04:30PM
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]
Inside therealdeal.comDouglas Elliman is marketing the Wave at Bayshore at its new Galleria mall kioskApril 27, 2016 03:45PM By Ina Cordle
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]Developer touched on his upcoming Gale Boutique Hotel & Residences Fort Lauderdale BeachApril 27, 2016 03:00PM By Sean Stewart-Muniz
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.Billionaire horse enthusiasts sold their former Wellington estate earlier in AprilApril 27, 2016 02:15PM By Katherine Kallergis
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]Asking price is roughly $151,898 per unitApril 27, 2016 01:30PM By Sean Stewart-Muniz
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]The 116-key Sunset Harbour hotel was designed by Kobi KarpApril 27, 2016 12:45PM
Finvarb Group’s Residence Inn by Marriott Miami Beach South Beach celebrated its grand opening recently – complete with bites from nearby restaurants. … [more]Listing agent Audrey Ross had the property on the market since 2014April 27, 2016 12:00PM By Katherine Kallergis
A waterfront mansion in the Gables Estates neighborhood traded hands for $7.45 million, or about $730 per square foot. [more]
Bulls and bears debate: is another bust imminent in SoFla? Ken Griffin’s Billionaires’ Row estate to cover three beachfront lots Venezuelan oil magnate behind Boulevard 57 condo project Miami Beach looks to North Beach as its next development frontier Miami’s luxe market might be slowing, but that doesn’t mean crashing: event