The Real Deal Miami

  • Former bank in Fort Lauderdale sells in one day

    New owners co-founded local Greek restaurant
    July 31, 2015 04:30PM By Sean Stewart-Muniz
    The former Bank United in Fort Lauderdale

    The former BankUnited in Fort Lauderdale

    A former BankUnited building in Fort Lauderdale was sold in an off-market deal for $3.9 million. The sale, Realtor Dan Teixeira says, closed in only one day. [more]

  • HotelPlanner leases new West Palm Beach HQ

    JLL and SLC Commercial Realty brokered the 15,000 sf lease
    July 31, 2015 03:45PM
    PNC Bank Building in West Palm Beach

    PNC Bank Building in West Palm Beach

    Online travel agency signed a lease to move its corporate headquarters in West Palm Beach, JLL announced on Friday.

    HotelPlanner will lease 15,000 square feet at the PNC Bank Building, at 205 Datura Street.

    JLL Vice President Kevin McCarthy represented HotelPlanner in the lease of an entire floor. Carol Bush of SLC Commercial Realty represented PNC Bank, the building’s owner. [more]

  • Waterfront Palm Beach home sells for $15.6M

    Price breaks down to $2,051 per square foot
    July 31, 2015 03:00PM By Sean Stewart-Muniz
    The mid-century home at 430 North Lake Way

    The mid-century home at 430 North Lake Way

    A mid-century home on the Intracoastal side of Palm Beach was just sold for $15.6 million. [more]

  • Garmin finds its way to Miami Beach’s Lincoln Road

    The store, formerly occupied by Tesla, will be the tech company's first in SoFla
    July 31, 2015 02:15PM
    Garmin Chicago and Drew Schaul

    The Garmin store in Chicago and RKF’s Drew Schaul

    Garmin has leased space on Lincoln Road, following a slew of new tenants in the hot Miami Beach shopping district. [more]

  • Inside

  • Fort Partners to begin demolition on Fort Lauderdale site

    Developers released the first rendering for the planned 23-story tower
    July 31, 2015 01:30PM By Katherine Kallergis
    Four Seasons Fort Lauderdale

    Aerial of the pool deck of the Four Seasons Fort Lauderdale. (Click to enlarge)

    After acquiring the missing piece for its planned Four Seasons Hotel & Residences Fort Lauderdale, Fort Partners is getting ready to launch sales for the project this fall, The Real Deal has learned.  [more]

  • DCOTA in Dania Beach gets four new tenants

    New tenant Ackerman Group specializes in counter terrorism
    July 31, 2015 12:45PM
    Design Center of the Americas atrium

    Inside DCOTA’s atrium

    The Design Center of the Americas in Dania Beach has signed on a handful of new tenants, including international banana brand Chiquita. [more]

  • Helping underwater homeowners move on

    Fannie Mae policy change removes requirement of a minimum equity stake
    July 31, 2015 12:00PM By Kenneth Harney

    From left: Daren Blomquist and Paul Skeens

    From the New York websiteCould a little-noticed policy change by giant mortgage investor Fannie Mae help homeowners who’d like to move but can’t because they’re underwater — they owe more to the bank than the likely selling price of their houses? Could it help you?

    Maybe. But you’re going to have to be able to qualify for a new mortgage to buy a new primary residence and rent out your current house, converting it into an investment property. [more]

  • Development site in South Miami sells for $8.8M

    0.58-acre lot last sold for more than $6 million in 2008
    July 31, 2015 11:15AM By Katherine Kallergis
    Property at 6201 Sunset Drive

    Property at 6201 Sunset Drive in South Miami

    A vacant lot in South Miami sold for $347 per square foot, or $8.8 million, Miami-Dade County records show.

    The 25,366-square-foot property, at 6201 Sunset Drive, is across the street from South Miami Hospital, which is part of the Baptist Health South Florida network.

    Bindor Development LLC, a Miami-based company tied to FSE Investments, sold the lot to 6201 Sunset Medical Plaza Ltd. [more]

  • Modern Mid-Beach home sells for $7.9M

    Home last sold for $5.25M in 2010
    July 31, 2015 10:30AM By Sean Stewart-Muniz
    The waterfront home at 5245 Pinetree Drive

    The waterfront home at 5245 Pinetree Drive

    A modern, new-construction home in Mid-Beach has been sold for $7.9 million. [more]

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  • Miami Airport Marriott complex trades hands, lands $99M loan

    Borrowers are tied to NorthStar Realty Finance, a NY-based REIT
    July 31, 2015 09:45AM By Katherine Kallergis
    Marriott Miami Airport and a map of the Marriott campus

    Marriott Miami Airport and a map of the Marriott campus

    The new owner and operator of three Marriott hotels in Miami has taken out a $98.5 million mortgage, according to Miami-Dade County records. [more]