Fort Lauderdale investors Aiton “AJ” Yaari and Lior Avidor paid $32 million for an assemblage of properties on Fort Lauderdale Beach Boulevard, property records show. [more]
Buyer said 300,000 sf mixed-use project can be developed on the siteApril 28, 2017 05:30PM By Katherine Kallergis
Why they’re crazy in love with 454 Cuesta -- to the tune of $120MApril 28, 2017 05:00PM By Cathaleen Chen
From TRD Los Angeles: Third time’s the charm, right?
Either way, don’t hold your breath: Beyoncé and Jay Z may have made a $120 million offer on a spec home in Bel Air — their third reported offer on a Los Angeles home since 2014 — but the deal is far from sealed.
In fact, the home at 454 Cuesta Way, which was listed at $135 million, has not yet been completed, said Jeff Hyland of Hilton & Hyland, the brokerage that holds the listing. [more]
Property hit the market last year for $13.9M, which means it sold for 35% reductionApril 28, 2017 04:00PM By Katherine Kallergis
A French hotelier just sold a boutique hotel in Miami Beach’s South-of-Fifth neighborhood to a Miami-based hospitality firm for $9 million, agent Susan Gale told The Real Deal. [more]Broker calls sale price the highest in Golden Beach on the Intracoastal or canal in four yearsApril 28, 2017 03:10PM By Ina Cordle
A Brazilian buyer just paid $6.25 million for a home on the Intracoastal Waterway in Golden Beach, dubbed “Villa D’Amore,” The Real Deal has learned. [more]
Inside therealdeal.comFellow baskeball players Penny Hardaway and Tyler Johnson own homes in PinecrestApril 28, 2017 01:30PM By Katherine Kallergis
Lamar Odom is no longer interested in keeping up with his Miami home. [more]Lease is for 28,000 sf of project's total 63k sf of commercial space plus 195 apartmentsApril 28, 2017 12:30PM
City Furniture just signed a lease as the flagship retail tenant at District 36, the new mixed-use project on the edge of Midtown Miami and the Design District. [more]Brandon Partners completed the three-story Publix with a garage in 2016April 28, 2017 11:45AM By Katherine Kallergis
Publix just closed on the purchase of a new West Miami location for $23.2 million, according to data from Real Capital Analytics. [more]Construction is down 18% year-over-year to $2.63BApril 28, 2017 10:30AM By Katherine Kallergis
Construction spending was down in South Florida during March and on a year-to-date basis, according to the latest Dodge Data & Analytics report. [more]Proposal seeks changes to HVCRE rulesApril 28, 2017 09:45AM By Konrad Putzier
From TRD New York: When mortgage bankers complain about Obama-era financial regulations hurting the industry, they usually point to one obscure rule: High Volatility Commercial Real Estate, or HVCRE. Now, a new bipartisan House bill wants to overhaul the rule and make it easier for banks to fund development projects. [more]
Most home buyers and sellers don’t think much about what might derail their purchase or sale. But here’s a sobering fact: One of every 20 sales contracts blows up along the road to closing. And roughly one of every four runs into an issue that delays the scheduled settlement.
These statistics come from new survey research conducted by economists at the National Association of Realtors, covering the period of December 2016 through February of this year. [more]« Previous Next »
Shoma Group buys Coral Gables condo building for $15.2M, plans mixed-use project International millennial buyers are eyeing Miami luxury real estate: AREAA panel Hyatt may rebuild Miami hotel and convention center Alta acquires assemblage near Dadeland Mall for $14.4M Construction of American Dream Miami may not be completed for another five years