March 2017 Issue

Development by design

Will Miami’s Design District live up to its promise as the city’s premier shopping destination?

The once-gritty Miami Design District is nearing the final stages of its transformation into a luxury shopping destination and cultural hub, filled with designer shops, restaurants, museums, hotels, home furnishings and art collections. Designer boutiques like Louis Vuitton, Hermès, Christian Dior, Tom Ford and Giorgio Armani have opened on mahogany-tree-lined streets, alongside open courts and paseos dotted with such outdoor artworks as Buckminster Fuller’s Fly’s Eye Dome and Xavier Veilhan’s … [more]

Selling (North) American

As the outlook for foreign buyers grows even dimmer, brokers redouble efforts to tap markets closer to home

In early February, Fortune International Group founder and CEO Edgardo DeFortuna and Chateau Group principal Manuel Grosskopf jetted to Toronto, where they met with Canadian real … [more]

Going viral

Zika isn’t the only thing bugging the Miami-Dade hospitality market

The Centers for Disease Control (CDC) still lists all of Miami-Dade County as a cautionary “yellow” Zika area. And Miami-Dade hotels have reported a significant slump in business. But is … [more]

Serious science in
the Magic City

Billionaire Phillip Frost, chairman and CEO of OPKO Health, has a vision for Miami as a global science and technology hub

As you fly into Miami from the west, you might be able to pick out the Patricia and Phillip Frost Art Museum on … [more]

See you in court

High-end condo sales may not be booming, but construction defect lawsuits in Miami sure are

Business may be slow for realtors and developers, but it’s booming for Gary Brown, a Miami attorney with Arnstein & Lehr specializing in suing builders for construction defects. “I’ve got … [more]

The Trump effect

How will the president’s policies affect real estate in South Florida?

Developer-in-chief Donald Trump is a boon to confidence in South Florida’s real estate industry, according to law firm Berger Singerman, which last month released a survey of 100 local industry … [more]

Mar-a-Lago’s journey to ‘Winter White House’

The influence of the president’s exclusive golf club stretches well beyond its boundaries

Cereal heiress Marjorie Merriweather Post left her Palm Beach estate, Mar-a-Lago, to the U.S. government in her 1973 will in the hopes it would serve as a … [more]

Residential’s rough ride

These are challenging times for Miami’s most successful
real estate agents

Soft, challenging, slow, tough. Those are the adjectives describing South Florida residential sales of late, as external forces and oversupply at the high end cooled down the previously red-hot market. … [more]

Mortgage déjà vu?

Getting home loans in South Florida is relatively easy for qualified buyers,
but decaying standards may pose
systemic threats

During most of this cycle, buyers have had access to some of the cheapest home loans in American history. Until last November, a borrower with excellent credit … [more]

Caution, construction obstacles ahead

In Lennar’s backyard, the pace of single-family-home development isn’t all it hoped and dreamed — but the nation’s second-biggest builder still sees expansion potential

Home builders in the southeastern corridor of the Sunshine State are facing … [more]

Building up Brickell

The latest wave of development in Downtown’s financial district — and the challenges ahead

Back in the 1870s, Brickell was hardly more than a trading post run by the Brickell family. Today, it’s one of Miami-Dade County’s most intensely developed neighborhoods, boasting some of … [more]

Commercial lenders clamp up

Market players remain cautious, though some see hope in a Dodd-Frank repeal

Commercial lenders are banking on the repeal of Dodd-Frank to improve the increasingly tight lending atmosphere in South Florida. While the pace of requests hasn’t slowed down, most … [more]

Atlantic Ocean to Fort Lauderdale: “I’m back!”

Rising sea levels are not (yet) affecting pricing, but some developers are being proactive

Last fall, media reports showed mullet fish swimming along flooded Fort Lauderdale streets during a “king tide” — the … [more]

Pot of Gold?

Medical marijuana may push South Florida’s industrial sector to new highs

In early February, two monthly gatherings of real estate professionals hosted by the Realtors Commercial Alliance Miami saw attendance spike three-fold. “We usually get 25 to 30 people showing up … [more]

Looking sweet in the C-suite

Will the wave of foreign investment in Miami’s office market last?

Without a doubt, the biggest news to break in Miami’s office market in recent memory came in December, when Spanish billionaire Amancio Ortega paid an incredible $516.6 million for the … [more]

Condo market redux

Proposed, planned, under construction and newly completed projects in the tri-county region

South Florida’s preconstruction condo market is adjusting after a challenging year for developers and brokers. While the slowdown is sticking around, especially in Miami, agents and sellers have … [more]

All Aboard

How the Brightline train will transform the Sunshine State — and its real estate

All Aboard Florida’s Brightline train service between Miami and West Palm Beach, scheduled to begin this summer, has the potential to be transformational for South Florida, local real estate experts … [more]

Alan Faena

Alan Faena is known for his artsy taste, for always wearing white and for creating the Faena District in Miami Beach. Faena was born in Argentina, and his life has taken several turns, including modeling, owning a major fashion company and developing the Faena District … [more]

Editor's note: Miami’s giant leap closer to a global city?

Over the many years The Real Deal has covered South Florida real estate, we have referred numerous times to Miami’s push toward becoming a world-class city. We’ve quoted brokers, developers … [more]