The Real Deal Miami

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  • In London, millennials experiment with shared ownership

    By Business Insider | June 25, 2017 04:40PM
    From TRD New York: Like many 20-something Londoners, the idea of owning my own place had always seemed so wildly unlikely that I didn’t bother worrying about it. I...
  • Fort Lauderdale may raise storm water fees

    June 25, 2017 03:40PM
    The city of Fort Lauderdale may increase storm water fees to protect the public from flooding, which has worsened in recent years during periods of high tide. City commissioners are considering a proposal to nearly double the city’s total annual revenue from storm water...
  • Boutique Naples condo nearly sold out

    June 25, 2017 02:40PM
    Aqua at Pelican Isle, a boutique condominium in Naples, is nearly sold out. Construction of the 11-story Aqua Tower II was completed last month, and sales have topped $60 million. Aqua Tower II has only seven unsold units, including three furnished units and a...
  • Many cities have nearby retreats comparable to the high-end Hamptons

    June 25, 2017 01:40PM
    The Hamptons, roughly a two-hour drive from New York City, is a popular retreat with big beaches, fine restaurants and plenty of emulators. Residential property brokers around the world...
  • Metropica attracts five more retail tenants

    June 25, 2017 12:00PM
    The mixed-use Metropica development in Sunrise has attracted five additional retail tenants including three food-and-beverage businesses. The 65-acre, $1.5 billion Metropica development will have 400,000 square feet of retail space and 1,900 high-rise residential units when it is completed. The latest additions to Metropica’s...
  • Minto starts building Westlake models

    June 25, 2017 11:00AM
    Minto Communities began construction of six model homes at Westlake, a 3,800-acre master-planned community that became the newest municipality in Palm Beach County about a year ago. Minto expects to finish the fully furnished model homes to coincide with the grand opening of the...
  • Age-restricted, Jupiter-area rentals sell for $26.75 million

    June 25, 2017 10:00AM
    An age-restricted apartment property in the Jupiter area with a 95 percent occupancy rate sold for $26.75 million, or $257,211 per unit. A limited liability company linked to Washington,...
  • Plan to redevelop Deerfield golf property advances

    June 25, 2017 09:05AM
    Another golf course in South Florida is a candidate for redevelopment. The Broward County Planning Council last week recommended approval of a plan to build 415 houses and townhouses...

Inside The Current Issue


  • RADCO acquires 6th Tampa rental property

    June 24, 2017 05:00PM
    Atlanta-based RADCO Companies paid $41.7 million for a 536-unit apartment complex in Tampa, or about $77,800 per unit. RADCO plans to spend about $7.7 million, or $14,500 per unit, to upgrade Cordova Apartment Homes, the company’s sixth acquisition of an apartment complex in Tampa....
  • Publix coming to Manalapan retail center

    June 24, 2017 04:10PM
    Palm Beach Gardens-based Kitson & Partners began construction of a Publix supermarket as part of the redevelopment of the Plaza del Mar shopping center in Manalapan. The 28,000-square-foot Publix store is expected to open in about a year and will serve as an anchor...
  • Vegas cracks down on short-term rentals

    June 24, 2017 03:20PM
    The city council of Las Vegas approved new rules to restrict owners who advertise homes as short-term rentals on Airbnb and other home-sharing platforms. Council members enacted the rules in response to complaints about homes used as “party houses” by short-term renters. The new rules...
  • Mila Kunis and Ashton Kutcher just bought this $10M beach house — take a look inside

    By Business Insider | June 24, 2017 02:30PM
    From TRD New York: Celebrities are often moving in and out of lavish, million-dollar homes. Mila Kunis and Ashton Kutcher  are the latest to buy some expensive real estate. The couple...
  • Sunrise commercial complex fetches $13M

    June 24, 2017 02:05PM
    Aventura-based Elion Partners sold an office and warehouse complex in Sunrise for $13 million. Cabot Properties bought the 124,487-square-foot Sunrise Business Center for $104 per square foot. The commercial property at 5001-5035 North Hiatus Road and 5000 Northwest 108 Avenue in Sunrise is 95...
  • VistaBlue Singer Island developer puts penthouse under contract

    June 24, 2017 01:15PM
    The developer of VistaBlue Singer Island, a boutique condominium in Riviera Beach, put one of the two penthouses under contract. The unidentified buyer would close on the purchase of...
  • Probe of affordable housing spreads to multiple developers

    June 24, 2017 12:10PM
    Miami-Dade County has until Thursday to respond to a subpoena for records of all affordable housing projects that got funding from a county bond program. The subpoena lists multiple...