Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property
In this time of crisis and economic turmoil, even the world’s richest man seems to be cutting back on...
Miami-Dade suspends permitting and inspections in unincorporated areas
Safer-at-home effective in South Florida until mid-April
Miami warehouse leased to Southeast Frozen Foods sells for $31M
Four Seasons Hotel Miami, DoubleTree near MIA lay off hundreds
Latest News
San Francisco’s Oceanwide Center has a new buyer
China Oceanwide’s deal to sell its flagship San Francisco development for $1 billion has fallen through following coronavirus-related delays....
“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough
For much of the real estate industry, the $2 trillion stimulus package President Trump signed into law to bolster the economy doesn’t do enough....
EB-5 is back in the doghouse
EB-5 was left out of Congress’ $2 trillion federal stimulus package bill, crushing developers’ hopes of getting cheap financing as real estate deals come to a halt. The federal program that allows foreign investors...
Macy’s announces furloughs for “majority” of its workers
Macy’s Inc. will be furloughing most of its employees, starting this week, as Covid-19 continues to batter businesses large...
Miami-Dade suspends permitting and inspections in unincorporated areas
Miami-Dade suspended the county’s building code functions in unincorporated areas, including plan review, permitting, inspections and completions, as more...
Redfin sells $110M stake to VC firm
Redfin just got a $110 million shot in the arm from an influential backer, as the discount brokerage looks to ride out economic turmoil caused by coronavirus. The Seattle-based brokerage said Monday that Durable...
Publix to offer rent relief to retail tenants
Publix has become the latest landlord to offer rent relief to its retail tenants due to the impacts of...
US will see $20B in retail loans come due starting this week
April 1 is looming large for businesses and individuals across the country, as it marks the first major due...
Inside The South Florida issue
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WeWork lays off 250 more employees, but Covid-19 isn’t reason
WeWork laid off 250 more people on Thursday, but the decision was not made because of the coronavirus. The...
Miami warehouse leased to Southeast Frozen Foods sells for $31M
UPDATED, March 30, 1:20 p.m.: Ivy Realty paid $30.5 million for a cold storage facility leased to Southeast Frozen...
Safer-at-home effective in South Florida until mid-April
UPDATED, March 30, 7:05 p.m.: Gov. Ron DeSantis on Monday announced a unified “safer-at-home” policy for Southeast Florida that...
Airbnb suspends marketing, cuts executive pay in half
Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will...
Four Seasons Hotel Miami, DoubleTree near MIA lay off hundreds
More layoffs are heading to South Florida’s hospitality industry as the area’s economy grapples with the impacts of the...
Movers & Shakers: Longtime JLL brokers join CushWake & more
Longtime JLL brokers Denny St. Romain and Jubeen Vaghefi joined Cushman & Wakefield’s multifamily group in Florida. St. Romain...
Landlords are slicing up vacant big box stores to get new tenants — and it’s working
Across Florida, Seritage Growth Properties, the publicly traded Sears REIT, has been working quickly to repurpose old Sears and Kmart stores since the department...
New Yorkers ship Upstate and to the Hamptons to wait out coronavirus
It’s no secret to New Yorkers hunkering down in the city: many of their neighbors are missing. New Yorkers...
The end of Seattle’s construction boom
Washington Gov. Jay Inslee has put a halt to nearly all construction in his state to help stop the spread of coronavirus. Construction will stop at commercial and residential sites for two weeks as...
My Neighborhood: Palm Beach
When she was three, Jayne Chase and her family started traveling to Palm Beach from her hometown of Pittsburgh every year. She continued the tradition with her own kids, staying at the Breakers for 20 years. Two years...