The Real Deal Miami

Category: Popular Stories

  • Edgewater developers face foreclosure over unpaid $34M loan

    Richard and Stephen Meruelo planned a mixed-use project with a 10-story, 200-room Vīb hotel
    February 21, 2017 04:15PM

    Rendering of the Vib Miami project. Inset: Stephen Meruelo

    In one of the first major foreclosure initiations during the cooling real estate market, a lender is suing the developers of an Edgewater hotel project for not paying a $34 million loan. [more]

  • Developers unveil the Arbor condo project in Coconut Grove

    Units at the five-story, 52-unit condo building start at $799,000
    February 21, 2017 03:30PM

    Rendering of the Arbor. Inset: Nick Hamann, Danny Buraglia, Sam Amoia and Jeremy Waks

    Developers Urban Atlantic Group and Oak Ventures are planning to cash in on buyers looking for a less expensive option in Coconut Grove’s urban core.  [more]

  • Litigation heats up at downtown Miami’s Vizcayne condo complex

    Complex now has three active construction defect lawsuits
    February 20, 2017 05:15PM

    Viscayne condo buildings

    Tally up another construction defect lawsuit for downtown Miami’s two 49-story Vizcayne condo buildings.

    The south tower’s condo association just filed suit against more than two dozen construction firms that worked on the Vizcayne project, alleging counts that range from negligence to breach of contract. [more]

  • Model Daniela Urzi sells her Venetian Islands home for $10M

    Recently renovated 5,000 sf home sold for $2,000 psf
    February 20, 2017 08:45AM

    700 West Dilido Drive. Inset: Daniela Urzi (Credit: Getty Images)

    Updated, 12:15 p.m., Feb. 21: International model Daniela Urzi and her husband sold their Venetian Islands home for $10 million, The Real Deal has learned. [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

    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]

  • Kushners won’t buy Miami Marlins if seller nominated as US ambassador

    Son-in-law says family would be interested in buying Marlins at another time
    February 16, 2017 12:45PM

    Charles Kushner and the Marlins’ stadium

    The Kushner family will pull out of a $1.6 billion deal to purchase the Miami Marlins if the team’s current owner is nominated as the United States ambassador to France, as recent reports suggest. [more]

  • Miami Beach spec home with waterslide sells for record $22.6M

    Barry Brodsky-developed home hit the market in January 2016 for $34M
    February 15, 2017 03:00PM

    4555 Pine Tree Drive. Inset: Listing agents Eloy Carmenate and Mick Duchon, and buyer’s agents Oren and Tal Alexander

    A Miami Beach spec home listed a year ago for $34 million just sold for $22.575 million, marking a nearly 34 percent price cut, sources told The Real Deal[more]

  • New York firm buys Miami Beach development site on 41st Street for $31M

    Land, which stretches from 41st Street to 42nd Street, sold for $656 psf
    February 15, 2017 09:45AM

    Rendering of 340 West 42nd Street

    A company led by Menachem Boymelgreen sold a development site on 41st Street in Miami Beach for $31 million.  [more]

  • Miami is the second best buyer’s market in the US: report

    In the Miami metro, 11.5 percent of listings now have a price cut
    February 14, 2017 11:15AM

    Downtown Miami (Credit Azeez Bakare Studios)

    Home buyers in Miami have the upper hand, and now a new report from Zillow backs that up.  [more]

  • Redevelopment in store for Cocowalk, Sunset Place, Link at Douglas and Liberty Square

    Plans also outlined for Link at Douglas and Liberty Square at UM real estate conference
    February 13, 2017 06:10PM

    Rendering of Cocowalk and Michael Comras

    Cocowalk, once a popular hub in Coconut Grove, will be redesigned as a mixed-use center with an open plaza, adding office space while removing the center retail portion.

    With boutique fitness centers and blow dry bars, the aim is to make Cocowalk “essentially the living room of Coconut Grove, and bring back some charm,” Michael Comras, president and CEO of Comras Company told attendees at the University of Miami’s Real Estate Impact Conference on Friday afternoon. [more]