The Real Deal Miami

December 2017 Issue

Making bank?

TRD’s research on what South Florida’s real estate professionals get paid reveals that a slowing market means some are working twice as hard for the same amount of cash

On television, real estate professionals flip homes and easily walk away with as much as $50,000 in profit — on a slow day. Or they sit comfortably in the shark’s chair like Barbara Corcoran, with a net worth of $80 million derived from launching and selling what is now one of New York’s largest real estate companies. But in real life — and particularly in South Florida — competition is … [more]

Slash and earn

TRD’s research on the biggest residential price cuts in the last year proves that substantial reductions are still essential for moving luxury homes

Sometimes the original pricing just doesn’t cut it. Amid a continuing oversupply of inventory and shrinking buyer pool, Miami’s luxury home sellers are issuing … [more]

Lost Keys

While much of South Florida escaped unscathed, recovery for the Florida Keys’ post-Irma hotel market is a work in progress

When Hurricane Irma barreled through South Florida in September, it lashed the region with a torrent of wind and water not seen since Hurricane Andrew a quarter century earlier. And … [more]

Retail’s rent markup

While Miami’s brick-and-mortar sector may be outperforming those around the U.S., word on the street is that landlords have outsized expectations

As South Florida’s retail real estate sector continues to show strength — an anomaly as the rest of the country sees vacancy rates creep ever higher — some … [more]

If you party, will they come?

As condo project financing dries up, some developers are holding ever-flashier groundbreakings in the hopes of boosting buyer confidence and scoring construction loans

On a cloudy afternoon in mid-October, a crowd gathered on the waterfront terrace of the Missoni Baia sales tower … [more]

Who you gonna call? A new brokerage!

Top new development marketing firms struggle to hold onto projects as developers get antsy

Lackluster sales meetings, a dwindling number of closings, restless developers — it’s not pretty, but those are the … [more]

WeWork wars

The co-working giant is seeing plenty of demand, but what will happen to the smaller South Florida players once the office-sharing service gobbles up all the space?

South Florida increasingly pays for office space as a one-stop service business, with companies forsaking a traditional lease in favor of a modern mix of open- … [more]

Broward’s townhouse kick

Developers big and small are looking to maximize space as land scarcity increases and buyers favor lower price points

Home construction in land-constrained Broward County increasingly involves redeveloping existing property rather than building on empty lots, and even then, sites large enough for new single- … [more]

Public art proposal riles builders

Miami City Commission will soon vote on a requirement for new construction, which has developers crying foul

A 4-foot-high, 30-foot-long bench made of oolite stone will soon decorate Balboa Plaza in Coral Gables. The massive sculpture, called “A Midsummer Night’s … [more]

Battle for the $1B Island Gardens project

Legal drama between Flagstone Property Group’s Mehmet Bayraktar and local government reveals how ugly it can get when developers and City Hall go head to head

For well over a decade, Turkish entrepreneur Mehmet Bayraktar … [more]

Overtown's buzz kill

With land prices in the area hitting historic highs, the low ROI has investors taking a knee — at least in the short term

There’s an aerial map of the city of Miami on the desk of Cornelius “Neil” Shiver. His job is to promote economic development in a 600-acre swath of real estate … [more]

Ranking Palm Beach

The county’s most expensive home sales this cycle show a market trending upward, and the volume of spec building suggests developers expect that to continue

Local developers and brokers say the gold-plated bubble of Palm Beach real estate won’t pop any time soon, as … [more]

The Closing: Bernard Zyscovich

Architect Bernard Zyscovich talks about his toughest projects and how tech changed the game

Bernard Zyscovich has an unusual distinction beyond being the architect behind some of Miami’s biggest projects, including Miami’s Downtown Master Plan and the interiors of the Panorama … [more]

Editor's note: South Florida’s reality check

No one’s saying things are looking 100 percent dire in South Florida, but with a continued slowdown in several sectors, the industry is dealing with a few less-than-promising conditions in … [more]