A half-acre vacant lot in the Venetian Islands sold for $10.5 million, The Real Deal has learned. [more]
Seller was Russian real estate investment fundMay 01, 2015 01:30PM By Katherine Kallergis
A weekly feature bringing you the industry’s latest intelMay 01, 2015 12:45PM By Katherine Kallergis
Q1 2015 Cash, Institutional Investor and Distressed Sales Report: RealtyTrac
Miami led metropolitan areas in the percentage of all-cash sales during the first quarter of 2015 with 51.5 percent.
“Miami real estate is a magnet [more]
4,176 sf site on North Miami Avenue last sold for $1.3MMay 01, 2015 12:00PM By Sean Stewart-Muniz
Yet another commercial property is up for sale in Miami’s Design District, this time an office building, for $11 million.
Design District One is a two-story, 6,000-square-foot building at 3819 North Miami Avenue. It’s occupied by a marketing company, but listing brokerage Marcus & Millichap said the building can be sold empty — and that there’s plenty of opportunity for development. [more]Monroe County Tourist Development Council's report singles out AirbnbMay 01, 2015 11:15AM By Robert Silk
The vacation rental website Airbnb has drawn the wrath of the official tourism agency of the Florida Keys. [more]
Inside therealdeal.comAsking figures in close-in markets of Edgewater, Brickell and Wynwood hit new highsMay 01, 2015 10:30AM By Katherine Kallergis
From the South Florida Market Report: Land-hungry developers from around the globe are buying up sites in Miami-Dade County for tens of millions of dollars per acre, spurring record sales.
Among the sky-high prices: nearly $75 million paid for 2.4 acres in Brickell, $64 million for 7.4 acres in Miami’s Arts & Entertainment District, and $75 million for 4.5 acres in downtown Miami.
International buyers are dominating the local land grab scene. Take the $75 million sale in December of a construction site in the Brickell submarket, an area where asking prices are now 324 percent more than what the land sold for in 2009. [more]Home is one of four, priced up to $36M, and designed by Chad OppenheimMay 01, 2015 09:45AM By Ina Cordle
Miami Golden Properties is asking $5.9 million for its latest spec house, “The Loft,” in Golden Beach, which is not yet under construction, The Real Deal has learned. [more]May 01, 2015 09:00AM
Current reader favorites:
1. NY investor plans luxury North Beach apartments with car lift
2. Proposed rooftop lounge on Lincoln Road up in the air
3. Surfside site under contract for $40M, new oceanfront hotel and condos planned
4. Canvas nabs $75M construction loan, now converting to contracts
5. Condo boom heads north
The Wrap: Organic Bites opens in MiMo District , Miami Dolphins executive Tannenbaum buys Boca Raton mansion…and moreApril 30, 2015 06:30PM
A new organic eatery called Organic Bites has opened in Miami’s MiMo District. A Miami Dolphins executive just purchased a mansion in Boca Raton. And the Grove Isle resort is closing amid controversy over the private island’s future. Read these stories and more after the jump. [more]Buildings were bought by same investment group, Allegra HoldingApril 30, 2015 06:00PM
Two office buildings in Coconut Grove were sold for a combined $42 million, commercial brokerage Marcus & Millichap announced Thursday. [more]Ring will be part of nine-acre sports complexApril 30, 2015 05:30PM By Sean Stewart-Muniz
Got a dispute with the Paramount Miami Worldcenter’s condo association? Lace up your gloves and step into the ring. [more]April 2015 The Real Deal magazine