March 2020 Issue

Miami hotels prepare for layoffs and other budget cuts as occupancy plummets

Local hotel occupancy took a nosedive from the first week of March to the second

UPDATED, March 22, 5 p.m.: Steve Marin has been monitoring coronavirus news updates by the hour. As co-owner of Travelers Hotel Group, a Miami-based firm that owns five South Florida hotels, he’s looking out for the mushrooming outbreak’s impact on his business. “We are going to take a hit down here,” Marin said. As domestic and international travel grind to a near halt, cancellations pile up and local governments shut … [more]

What it’s like to sell a luxury home in the Upper Keys

The Keys recently enjoyed a rise in luxury sales volume, with South Florida’s second-home buyers closing most of the deals

Made famous in movies and TV shows like the Humphrey Bogart and … [more]

South Florida brokerages go virtual during coronavirus pandemic

Keyes, Cervera and Coldwell Banker remain open, though encouraging remote work

“Send me the Zoom meeting invite.” “Let’s talk over Slack.” “Can we do the … [more]

With curfews and public assembly restrictions, what will happen to malls?

Some retailers have more supply-chain exposure than others

As cities around the country curtail large public gatherings, institute curfews … [more]

Inside the Ocean Reef Club, a self-contained real estate market

A market unto itself

Nestled between Biscayne Bay and the Atlantic Ocean at the north tip of Key Largo, the private Ocean Reef Club is a self-contained real estate market, with its own Multiple … [more]

Brightline reborn a Virgin: Some key numbers ahead of the train’s rebranding

Ahead of the transit system’s midyear rebranding, Brightline’s ridership is up — and so is revenue

Brightline completed its first full … [more]

Could Bob Zangrillo’s legal troubles imperil Magic City?

With investor Robert Zangrillo embroiled in the college admissions scandal and other legal battles, his involvement in major local projects like Magic City could be hurting more than helping

Bob Zangrillo walked out of federal court on a rainy day in Boston in late March 2019 wearing a black heavy coat, a charcoal suit and a blue tie. His … [more]

Here are the top-ranked commercial brokers in South Florida

Facing the headwinds of a stock market meltdown and the country at a standstill, agents hope that disruption will be brief

For the South Florida commercial … [more]

Homestead pushes back as Lennar and DR Horton gobble up local land

Homebuilders Lennar and DR Horton are clamoring to buy up the remaining cheap, relatively plentiful land in Homestead as city government hits the brakes on building

Driving south from Miami on U.S. 1, rows of nearly identical single-family homes equidistant from each other start coming into view. This is the city of Homestead, or the last … [more]

Landlords are slicing up vacant big box stores to get new tenants — and it’s working

Landlords like Seritage Growth Properties are slicing up vacant big box stores in the hopes of drawing new life — and it’s working

Across Florida, Seritage Growth … [more]

Developers watch and wait amid chaos at Miami City Hall

Some say power shift on the commission is impacting development

The Miami City Commission kicked off a new decade with fireworks. There were displays. And there were some burns — … [more]

Kobi Karp on design, his new office, his best advice and more

As a born multitasker, Kobi Karp seems most comfortable when he’s doing a couple things at once. When the architect recently sat down for an interview with The Real Deal … [more]