National Weekend Edition
Senior living operator promises vaccine with a lease
As the pandemic drives down occupancy at senior living properties, a Long Island assisted living community is promising vaccines...
Related Cos. closes on West Palm office towers for $282M
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
Latest News
National Weekend Edition
London home prices hit new high
London home prices just keep getting higher. The average price of a home in the city rose nearly 10 percent between November 2019 and November 2020 to about 514,000 pounds, or just over $700,000,...
National Weekend Edition
Carl Icahn pulls plug on auction to demolish Trump casino
Carl Icahn is known to blow things up, but not literally. https://www.vanityfair.com/news/2020/05/carl-icahn-is-exiting-herbalife-and-making-a-killing The activist investor is not interested in...
South Florida hits record $5B in residential sales volume in December
Residential sales continued to soar throughout South Florida in December, with median prices of both single-family homes and condos...
Phil Gutman leaves Brown Harris Stevens Miami
Phil Gutman stepped down as president of Brown Harris Stevens Miami and Mark Zilbert was named interim managing broker...
National Issue
NMHC chair David Schwartz on rent control fights and multifamily’s mission
Homes aren’t just homes anymore. During Covid, they’ve become offices, schools, gyms, places of worship and date spots, combining...
National
Bank OZK’s Q4 was “strong end to challenging year”
One of the nation’s most active construction lenders ended 2020 on a high note following an overall miserable year...
Make-A-Wish pays $8M for Overtown dev site
The South Florida branch of nonprofit Make-A-Wish paid about $8 million for 1.6 acres of land in Miami’s Overtown neighborhood. Make-A-Wish bought the land at 350 Northwest Sixth Street, according to a press release....
National
Americans bought 5.6M homes last year — the most since the bubble
Despite the global pandemic, or perhaps because of it, home sales clocked their best year since 2006. The annual...
Special election could pave way for height increase at Bal Harbour Shops
A looming special election tied to easing height restrictions for the Bal Harbour Shops would give the luxury shopping...
Los Angeles
Rent and Covid force Standard hotel in WeHo to close
The trendy Standard hotel in West Hollywood will close on Friday after 22 years in business, seemingly done in...
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
PayPal co-founder Peter Thiel was revealed as the buyer of two waterfront adjacent Miami Beach mansions that sold in...
National
How builders are changing America’s suburbs to fit the times
Donald Trump vowed to protect the suburbs from low-income housing, but more Americans in poverty live in the suburbs...
Los Angeles
Weighing in at $130M: Sly Stallone lists massive mansion
Sylvester Stallone is looking for a blockbuster in Beverly Park. The “Rocky” and “Rambo” actor has listed his 21,000-square-foot...
Related Cos. closes on West Palm office towers for $282M
The Related Companies closed on its $282 million purchase of the Phillips Point office towers in West Palm Beach,...
National
Beny Steinmetz found guilty of corruption
A Geneva court has found Israeli billionaire Beny Steinmetz guilty of corruption. Steinmetz, who is reported to be a silent backer of New York real estate, was sentenced to five years in jail for...
Plug and Play to open downtown Miami office
Silicon Valley investor Plug and Play is plugging into South Florida. The early stage investor and accelerator, which invested in Google, PayPal, Dropbox and other major tech firms, plans to open an office in...
National
Vicious cycle creates “huge supply crunch,” pushing home prices up
Homeowners aren’t budging, and it’s driving the supply of houses down — and existing-home prices up. One in four...