Archive
Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
Professional boxer Floyd Mayweather Jr. sold his waterfront Miami Beach home for $6.3 million, taking a loss of over...
South Florida October construction starts drop, year-over-year
Miami Beach may create incentives for affordable housing developers
Mattos family pays $20M for Waterway Shoppes of Weston
French insurance CEO buys Allison Island home next door to his new mansion
Aston Martin Residences unveils DBX SUV, included with purchase of luxury condo
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Lawsuit seeking class action status accuses Grant Cardone of misleading investors
Real estate crowdfunding guru Grant Cardone is facing allegations that he’s misled thousands of investors across the country by...
Archive
Luxury brokers battle over $520K commission tied to Fisher Island condo sale
UPDATED, Oct. 30, 3:35 p.m.: A plumbing supply mogul’s $10.4 million purchase of a condo on Fisher Island is...
Archive
Betting on distress: Bulk condo website launches, aimed at investors
Miami-based Condo.com founder Richard Swerdlow and South Florida developer Bruce Goldstein are partnering to launch an online platform for...
Archive
Retail’s reopening rollercoaster: “Confusion and hesitation and fear”
South Florida retailers could be forgiven if they needed a minute to process the news that Gov. Ron DeSantis...
Michael Stern pays $24M for future site of 62-story Brickell tower
UPDATED, Nov. 25, 9:45 p.m.: Developer Michael Stern closed on an assemblage of properties in Miami’s Brickell neighborhood where...
National
Real estate deals dominate Opportunity Zones. Is that bad?
Investment in Opportunity Zones is growing at a rapid pace, and so is skepticism about the program — and...
National
Pandemic takes drastic toll on dry cleaners
At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small...
CEO of cosmetics manufacturer buys Palm Island home for $11M
The CEO and president of a cosmetics and lotions manufacturer paid $10.65 for a waterfront Palm Island mansion. Records...
National
Compass eyes IPO in 2021
Compass has tapped underwriters for a potential public offering that would be among the most buzzed-about IPOs in the residential world. The SoftBank-backed firm, which jolted traditional brokerages when it launched eight years ago,...
National
Watch out Zillow, here comes CoStar
Zillow’s Rich Barton and CoStar’s Andy Florance (JD Lasica via Flickr; Getty) Having cornered commercial real estate, CoStar has a new target. The data giant’s $250 million purchase of Homesnap, announced Sunday, gives it...
Steve Witkoff pays $8M for waterfront North Bay Road lot
A company tied to the Witkoff Group bought a vacant waterfront lot on Miami Beach’s North Bay Road for...
National
Single-family home sales dip in October, but up 41% from last year
Sales of new, single-family homes ebbed last month, but are still far ahead of where they were a year...
Miami Beach may create incentives for affordable housing developers
Miami Beach’s success in attracting luxury developments means there’s little to no room for affordable housing developers to build...
South Florida October construction starts drop, year-over-year
October construction starts in South Florida rose from September, but lagged behind amounts seen a year prior, according to...
National
Ivanka Trump and Jared Kushner prepare NJ home for arrival
New Jersey could be getting some part-time neighbors back on a full-time basis. Ivanka Trump and Jared Kushner are...
Real estate investor buys waterfront Jupiter home for nearly $7M
Real estate investor and author Justin Daniels spent $6.5 million on a waterfront home in Jupiter’s Admirals Cove neighborhood....
Hotel height increases could be coming to Miami Beach’s Collins Avenue near Ocean Drive
Miami Beach officials are evaluating zoning changes in the Art Deco Historic District as part of a long-range plan...