The Real Deal Miami

  • Ben Carson confirmed as HUD secretary

    Retired neurosurgeon will head top housing agency
    January 24, 2017 12:00PM

    Ben Carson (Credit: Getty Images)

    From the New York website: It’s official: Retired neurosurgeon and one-time presidential candidate Ben Carson is the new head of the U.S. Department of Housing and Urban Development. [more]

  • Trump’s DC hotel lost more than $1.1M in first two months

    Democrats are concerned that Trump violated his lease with the GSA
    January 24, 2017 11:15AM

    Donald Trump and the Trump International Hotel Washington DC

    From the New York website: In its first two months in business, Donald Trump’s controversial Washington, D.C. hotel losses were yuge. [more]

  • EB-5 developer breaks ground on $24M hotel near Miami airport

    EB-5 investors are providing $11.5M in financing, plus $8M bank loan and developer equity
    January 24, 2017 10:30AM By Katherine Kallergis

    Rendering of the Radisson Red

    The EB-5 developer of a $24 million, Miami airport hotel broke ground on Thursday with plans to close an $8 million construction loan in July. [more]

  • Brexit leading to uncertainty in London: Blau

    Related is developing some 13K resi units across the pond
    January 24, 2017 09:45AM

    Big Ben and Jeff Blau

    From the New York website: The Related Companies’ Jeff Blau is circumspect on London’s luxury real estate market as the U.K. gets ready to break from the European Union. [more]

  • Inside

  • MG 100 Tower seeks approval from Hallandale Beach commission

    Project plans 294 high-rise residential units and 9,603 sf of commercial space
    January 24, 2017 08:45AM By Hortense Leon

    Rendering of MG 100

    The Hallandale Beach City Commission on Wednesday will consider the proposed development MG 100 Tower, which plans to bring a mixed-use project with high-rise apartments and commercial space to 100 South Federal Highway. [more]

  • Most popular on The Real Deal

    January 24, 2017 07:30AM

    Current reader favorites:

    1. Sellers in a “mourning period” over dropping prices, continued slowdown: Elliman reports
    2. Publix faces unprecedented competition from rivals
    3. Billy Joel relists and discounts Manalapan mansion
    4. Fort Lauderdale commission approves $49.3M Las Olas corridor project
    5. Jason Halpern’s JMH Development sells Indian Creek Drive property for $7.75M

  • Eric Trump replaces Donald Trump as president of hotel business: Florida records

    POTUS still appears to head NYC corp that manages the hotel management company
    January 23, 2017 06:15PM

    Ivanka Trump, Donald Trump and Eric Trump during the grand opening of Trump International Hotel in D.C. in October (Credit: Getty Images)

    President Donald Trump has been replaced by his son Eric as president of Trump International Hotels Management, records filed Monday with the Florida Secretary of State show.  [more]

  • Settlement over Atlantic Crossing lawsuit heads to Delray commission

    Litigation has tied up the project for the past three years
    January 23, 2017 05:30PM

    Rendering of Atlantic Crossing

    The Delray Beach City Commission will decide on Tuesday whether to settle a lawsuit filed by the developers of Atlantic Crossing, a $200 million, 9-acre mixed-use project in downtown Delray Beach.  [more]

  • Miami River Commission says no to waterfront restaurants on industrial land

    Commission rejects both KAR Properties' and Henry Greenberg's proposals
    January 23, 2017 05:00PM By Francisco Alvarado

    From left: Renderings of the restaurant on the Anchor Marine site, Henry Greenberg, and Shahab Karmely on right

    Citing a need to preserve marine related businesses, the Miami River Commission dealt a serious blow to a pair of unrelated waterfront restaurant proposals.

    At a special hearing on Monday, the commission voted to recommend that the city of Miami deny waivers being sought by two developers seeking to convert industrial land for commercial use. [more]

  • The week in luxury: A map of Miami-Dade’s priciest condo sales

    Closing prices in the top 10 sales ranged from $563,000 to 1.89M
    January 23, 2017 04:30PM By Katherine Kallergis
    map The top condo sale and a map of Miami-Dade’s condo sales. Inset: Listing agent Allan Kleer

    Luxury condo sales took a hit last week, bringing down the total condo sales volume in Miami-Dade County. Only two units sold above the $1 million threshold for luxury deals, and per-square-foot prices barely exceeded $800. [more]