Here are the homes of Miami Heat’s elite, developer Steve Witkoff revealed as buyer of Sunset Islands home: Daily digest

A daily roundup of South Florida real estate news, deals and more for Sept. 23, 2019

TRD MIAMI /
Sep.September 23, 2019 06:00 PM

Every day, The Real Deal rounds up South Florida’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page throughout the day. Please send any tips or deals to [email protected]

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From left: Dion Waiters, James Johnson, Erik Spoelstra, LeBron James, Chris Bosh and Hassan Whiteside (Credit: Getty Images, iStock, Wikipedia Commons)

From left: Dion Waiters, James Johnson, Erik Spoelstra, LeBron James, Chris Bosh and Hassan Whiteside (Credit: Getty Images, iStock, Wikipedia Commons)

Here are the homes of Miami Heat’s elite. After retiring from professional basketball, Miami Heat legend Dwyane Wade put his waterfront Miami Beach home on the market for $33 million last week. Wade isn’t the only basketball player with an impressive pad in South Florida. Wade’s current and former teammates have also made a splash in real estate, buying luxury homes in Pinecrest, Coconut Grove and Miami Beach. [TRD]

 

Developer Steve Witkoff revealed as buyer of Sunset Islands home. New York developer Steve Witkoff is the buyer of a waterfront Miami Beach home that sold this summer for $10 million, property records show. [TRD]

 
Hank Freid and Marriott Fort Lauderdale Pompano Beach

Hank Freid and Marriott Fort Lauderdale Pompano Beach

Hank Freid buys Marriott-branded Pompano Beach hotel for $44M. A company tied to New York hotel developer Hank Freid paid $44 million for a Marriott-branded Pompano Beach hotel amid heightened demand for waterfront properties in the city. [TRD]

 
Peter D’Aloia and 1435 West 27th Street

Peter D’Aloia and 1435 West 27th Street

Former Honeywell exec trades Sunset Islands home for Fisher Island condo. A former Honeywell executive sold a home in Sunset Islands for $14.6 million, a 36 percent drop from its initial listing price. [TRD]

 

Luxury properties at play in Rudy Giuliani’s ugly divorce. The couple’s properties include a sprawling home in the Hamptons and a two-bedroom condo in Palm Beach now on the market for $3 million. [TRD]

 

WeWork has made some unique design choices on its IPO prospectus. Normally, companies rank banks linearly on the cover of their offering documents, putting the lead bank with the most input in the top left. [WSJ]

 

Adam Neumann has started discussions about his future role at WeWork. He could possibly transition into the role of chairman or stay on as CEO with an independent chairman joining the board. [Reuters]

 

Fannie Mae and Freddie Mac could start keeping their profits again this week. The expected agreement between the pair of mortgage finance companies and the Trump administration would be a major step toward letting the firms build up capital and operate as private companies again, according to the Wall Street Journal. [WSJ]

 

WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

Can WeWork survive without Adam Neumann? Adam Neumann’s vision and hype built WeWork into the largest provider of office space in the world. But his eccentric and self-serving behavior, failed IPO plans and hemorrhaging losses at the company have prompted SoftBank — its largest investor — to push for his ouster as CEO. [TRD]

 

British travel agency Thomas Cook collapses, leaving thousands stranded. British tour company Thomas Cook collapsed on Monday, leaving thousands of travelers stranded, according to the Associated Press. The company’s real estate costs, including its 600 travel agencies and its 200 hotels increased its debt burden. [AP]

 

Lennar Corp. plans to move into the former headquarters of Burger King. Lennar Corp, one of the largest homebuilders in the country, is leasing 156,000 square feet in an office building in Miami’s Blue Lagoon that once housed Burger King’s headquarters, according to the South Florida Business Journal. [SFBJ]

 

Compiled by Keith Larsen


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