The Real Deal Miami

Category: Popular Stories

  • Publix faces unprecedented competition from rivals

    Innovators and discounters have eroded the market share of Lakeland-based Publix
    January 22, 2017 10:46AM

    Publix-anchored shopping center in Jacksonville.

    Publix Super Markets, a ubiquitous anchor at Florida shopping centers, faces the most competitive environment in its history as rivals expand their presence in the Sunshine State.

    The Tampa Bay Times reported that Lakeland-based Publix has gradually lost market share to Whole Foods Market, Trader Joe’s, The Fresh Market and to grocers that recently entered the Florida market, including Lucky’s Market and [more]

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  • Billy Joel relists and discounts Manalapan mansion

    The music legend is asking $18.5 million, and for $27 million, he'll throw in a vacant lot
    January 21, 2017 10:00AM

    Billy Joel (Credit: David Shankbone) and his Manalapan mansion at 1920 South Ocean Boulevard

    Recording artist Billy Joel relisted his Manalapan mansion for sale and reduced the asking price by $1 million to $18.5 million.

    Joel paid $18.2 million in 2014 for the 13,000-square-foot residence at 1920 South Ocean Boulevard in Manalapan and a vacant adjacent lot at 1940 South Ocean Boulevard.

    GossipExtra reported that the music legend listed the mansion and lot for sale in 2015, and the properties had been on the market for 15 months when they briefly came off the market last month. [more]

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  • Jason Halpern’s JMH Development sells Indian Creek Drive property for $7.75M

    JMH had planned a 15-unit condo project and got approval to demolish a structure on the site
    January 20, 2017 02:45PM

    Rendering of plans for 2901 Collins Avenue

    Jason Halpern’s JMH Development just sold its Indian Creek Drive property for $7.75 million, ending its plans to build a condo project on the Miami Beach site.

    [more]

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  • Fort Lauderdale commission approves $49.3M Las Olas corridor project

    Despite a contentious meeting, commissioners OKed new park space and parking garage
    January 20, 2017 09:45AM

    Renderings of the Las Olas improvements

    Construction will soon begin on a $49.3 million improvement project to replace two parking lots on Fort Lauderdale Beach with park space and a portion of a third lot with a 676-space parking garage. [more]

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  • Sellers in a “mourning period” over dropping prices, continued slowdown: Elliman reports

    Continued slowdown means the difference between asking and closing prices is increasing
    January 19, 2017 10:40AM

    Miami skyline in 2016 (Credit: Getty Images)

    Condos and single-family homes spent more time on the market and sold for a bigger discounts as luxury homeowners have begun to face reality in South Florida, according to newly released reports. [more]

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  • Miami Beach gives another thumbs down to height increase for mixed-use Sunset Harbour project

    Developer Deco Capital Group says it will move forward with other options
    January 11, 2017 05:15PM

    Rendering of proposed project and Bradley Colmer

    Miami Beach commissioners on Wednesday rejected a proposed height increase for a mixed-use project tentatively called Sunset Harbour Residences at 1733-1769 Purdy Avenue, in the city’s fast changing Sunset Harbour neighborhood.   [more]

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  • Venezuelan investors complete Calle Ocho assemblage

    Investors paid $141 per square foot for the land between March and December 2016
    January 11, 2017 03:15PM

    Little Havana assemblage. Inset: brokers Landy Toledo and Jonathan De La Rosa

    A group of Venezuelan investors has closed on the final portion of a land assemblage in Little Havana, bringing its total to nearly $9 million.  [more]

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  • Boutique townhome project in Coral Gables lands design approval

    Project's original, modern design faced repeated opposition
    January 11, 2017 12:45PM

    Rendering of 625 Almeria Avenue. Inset: architect Reinaldo Borges

    Approvals in hand, the developer of a boutique townhome project in Coral Gables plans to break ground this summer. [more]

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  • Brown Harris Stevens acquires Miami’s Avatar Real Estate Services

    Purchase adds two offices and 78 agents to Brown Harris Stevens' South Florida roster
    January 11, 2017 08:45AM

    Vivian Dimond

    Brown Harris Stevens just acquired Vivian Dimond’s Avatar Real Estate Services, The Real Deal has learned, as the New York firm continues its buying spree in South Florida. [more]

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  • Top broker Ben Moss leaves One Sotheby’s for Compass

    With Moss comes his $55M in listings and four of his team members
    January 10, 2017 08:45AM

    Ben Moss

    One of Miami-Dade’s top agents has jumped ship from One Sotheby’s International Realty to join Compass. [more]

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