The Real Deal Miami

  • Wendover opens Tallahasee senior housing complex

    The Altamonte Springs-based firm is opening a 112-unit property called Kenwood Place
    February 19, 2017 04:30PM TRD WEEKEND EDITION

    Rendering of Kenwood Place in Tallahassee

    Wendover Housing Partners will open a newly built senior apartment complex in Tallahassee this week. Altamonte Springs-based Wendover is opening Kenwood Place, a 112-unit complex the company started constructing in October.

    The one and two-bedroom units at Kenwood Place each feature a full-size washer and dryer, a monitored emergency-call system, and a fully-equipped kitchen including a dishwasher, microwave, island and pantry. [more]

  • CBRE moves sale of ‘challenged’ mall in Orlando

    The Oviedo Mall is anchored by Regal Cinemas, Sears and a separately owned Dillard's store
    February 19, 2017 03:45PM TRD WEEKEND EDITION

    The Oviedo Mall in Orlando

    Brokerage CBRE Group Inc. arranged the sale of a “challenged” Orlando shopping mall anchored by Regal Cinemas, Sears and a separately owned Dillard’s department store.

    An affiliate of Ilbak Investments bought the Oviedo Mall, a 554,973-square-foot retail property, located in the Oviedo suburb of [more]

  • Odebrecht bribery scandal spreads in Latin America

    The scandal at the region's largest construction company has moved beyond its base in Brazil
    February 19, 2017 02:35PM TRD WEEKEND EDITION

    American Airlines Arena in Miami is one of many major developments Odebrecht has built.

    Bribery charges against Odebrecht, the largest construction company in Latin America, are reverberating throughout the region, where Odebrecht had multiple contracts to build major infrastructure projects. Brazil-based Odebrecht faces accusations of paying bribes not only in its home country but also across much of Latin America.

    Peruvian authorities, for example, recently issued an international warrant for the arrest of Alejando Toledo, who was president of Peru from 2001 to 2006. Toledo allegedly [more]

  • A $30M Boca Raton mansion for the ultimate Trekkie returns

    It features a full-scale model of the bridge from the Starship Enterprise
    February 19, 2017 01:15PM TRD WEEKEND EDITION

    Photo by Andy Frame

    From the New York site: Beam me up, Scotty! We’re headed to Boca Raton, where a 20,000-square-foot mansion with a “Star Trek wing” has hit the market once again. This time, it’s asking just $30 million. [more]

  • Inside

  • Marc Anthony’s ex-wife buys 2 units at Icon Brickell

    Shannon De Lima paid about $2.3 million in cash for side-by-side condos on 53rd floor
    February 19, 2017 12:15PM TRD WEEKEND EDITION

    Disfrutando el frío de Miami… #onceinawhile 😎 @loversfriendsla

    A post shared by SHANNON DE LIMA (@shadelima) on

    Shannon De Lima, whose marriage to recording artist Marc Anthony just ended, paid about $2.3 million in cash for adjacent units at the Icon Brickell condominium in Miami. [more]

  • From the New York site: Stop by Mar-a-Lago, Trump’s winter White House, and you might just get a chance to build “the wall.” [more]

  • Jeff Greene hasn’t ruled out running for governor

    The Palm Beach billionaire has discussed a possible campaign with political consultants
    February 19, 2017 10:15AM TRD WEEKEND EDITION

    Palm Beach billionaire Jeff Greene

    Palm Beach billionaire Jeff Greene said in a newspaper interview he has considered running as a Democratic candidate for governor in 2018.

    The Tampa Bay Times also reported that Greene has discussed his potential candidacy for governor with political consultants.

    But Greene, a former U.S. Senate candidate, told the Times he is not actively planning to run for governor. [more]

  • Politics strain Trump’s friendship with Jorge Pérez

    The Miami-based developer reportedly rejected two offers to join the Trump administration
    February 19, 2017 09:15AM TRD WEEKEND EDITION

    Jorge Pérez and Donald Trump

    Political differences have strained the long friendship of President Donald Trump and Miami-based real estate developer and art philanthropist Jorge Pérez. [more]

  • Better know a lobbyist: NAR power broker Jamie Gregory

    Deputy chief lobbyist for RE’s largest voice in DC talks Fannie Mae, playing defense on tax reform
    February 18, 2017 04:00PM By Will Parker TRD WEEKEND EDITION

    Jamie Gregory

    From the New York site: The National Association of Realtors is not only the largest real estate lobbying force on the Hill, but one of the largest lobbying groups period.

    A trade association of more than 1 million members, the NAR functions in part as a regulator of the brokerage industry, setting the rules for how brokers use Multiple Listing Services. (In New York City, REBNY, which seceded from NAR in the 1990s, maintains its own service.) NAR’s membership is mainly composed of residential and commercial brokers, but its lobbying arm is active on just about every political issue that touches real estate. According to an analysis from the Center for Responsive Politics, the group spent more than $64 million on lobbying activities in 2016, the second most of any group in any industry.

    Jamie Gregory is NAR’s deputy chief lobbyist and has worked for the organization since 1994. As the majority-Republican Congress winds up to make big legislative changes with President Trump in the White House, Gregory and his team are focused on three major issues that they expect will dominate the real estate agenda in Washington for the next two years. The National Flood Insurance Program, which provides affordable flood insurance to millions of property owners nationwide, is set to expire in September, and some Republican congressmen have expressed interest in making deep cuts to the program. On tax reform, proposals from last year’s House blueprint have yet to be updated to clarify what happens to benefits that incentivized real estate investment. And as far as what happens to Fannie Mae and Freddie Mac, that’s going to take a little longer to work out a solution.

    The Real Deal recently caught up with Gregory to discuss these issues and more. (The interview was edited and condensed for brevity and clarity.) [more]

  • Lennar starts selling 575-home Parkland project

    The prices of single-family homes in Cascata at MiraLago start in the low $500,000s
    February 18, 2017 03:00PM TRD WEEKEND EDITION

    Rendering of a house at Cascata at MiraLago in Parkland

    Lennar Homes today launched sales for a development of 575 single-family homes in Parkland.

    Homes at the development, called Cascata at MiraLago, are priced from the low $500,000s to the $900,000s.

    Ray Suter, a new home consultant for Lennar, told the Sun-Sentinel the initial residents of Cascata are expected to move in [more]