The Real Deal Miami

September 2018 Issue

See no evil: How a culture of secrecy boosts South Florida’s condo market

Luxury properties in the region are ensnared in an alleged billion-dollar embezzlement and money-laundering scheme. Those who built them? Not so much.

A lawyer with ties to Venezuela’s oil ministry, a member of the country’s “boliburguesía” elite and a money launderer sat around a Caracas office table while armed guards and a German shepherd with a shock collar stood watch. The boliburgués placed his handgun on the table. It was November 2015, and the three Venezuelans were pressuring an unnamed associate to persist with a scheme that U.S. authorities would later allege embezzled … [more]

The spec home slowdown

Developers of decadent mansions are hitting pause on new projects as buyers increasingly take their time to commit, but a lower price point remains a sweet spot

Even in Miami Beach’s ultraluxury, waterfront spec home market — where houses once moved into contract … [more]

Day in the life of: Tony Cho

The Metro 1 founder on the latest with Magic City, his daily meditation practice and his iguana problem

While the top real estate players in Miami hail from all over the globe, the origin story of Tony Cho, homegrown president and CEO of commercial brokerage … [more]

Know your niche

As a number of hotels come online across South Florida, new hospitality projects will only get financing if they’re meeting some very specific unmet needs, insiders say

The historic Biltmore Hotel in Coral Gables has never lacked for luxury. A stroll through the property’s resplendent … [more]

Election Day showdown

Where the candidates stand on real estate issues and who received big donations from the industry

As South Florida voters head to the polls this November, they’ll be met with an array of candidates from both sides of the aisle with platforms impacting a variety of … [more]

Major projects on the ballot

Miami Freedom Park soccer complex Developers: David Beckham, Jorge Mas and partners After years of jumping around Miami for a site to build a multimillion-dollar Major League Soccer stadium, David … [more]

Ranking the top residential brokerages of South Florida

The firms that reign supreme are poaching talent and working their out-of-state connections to ensure their continued dominance...

Comparing his own brokerage to a speedboat, Douglas Elliman … [more]

Northern exposure

Canadian and European investors increase their stakes in South Florida real estate

South Florida real estate has long been a haven for foreign investment, but for years, that meant South American money more than anything else. Today, the region’s reputation as a … [more]

The gambling gambit

The Seminole Tribe and Disney ante up on their support of a controversial ballot measure as Miami’s developers weigh what could be gained and lost in its passing

For more than a decade, local betting outfits and the Seminole Tribe of Florida have engaged in a cold war to … [more]

Backing the ’burbs

TRD ’s ranking of top multifamily sales reveals that spacious properties outside the urban core are the hottest commodities for investors

Shortly after Robert Given and his Cushman & Wakefield team completed the December sale of the 370-unit apartment … [more]

The race for space in West Palm Beach

With only so many office tenants to go around, developer Jeff Greene shifts strategy in light of Related Companies’ One Flagler project

Real estate executive and Miami Dolphins owner Stephen Ross scored the … [more]

A new dawn in Sunrise?

Planners hope a new BB&T Center project will be the final puzzle piece in the area’s revitalization — even if its key tenant exits

Broward County is hoping to score a win for its 20-year-old arena, the BB&T Center, home of the National Hockey League’s Florida Panthers. In September, … [more]

The heyday of home rentals?

Both local and outside investors are snapping up homes amid rising foreclosure rates in South Florida, but some insist renting is a fad that won’t last

Forget building equity over decades and decades. Increasingly, leasing a house over a much shorter span is the norm … [more]

The closing: Jules Trump

The Estates at Acqualina developer opens up about his childhood in South Africa, his longtime partnership with brother Eddie and his relationship with those other Trumps

It’s quite a time to be a Trump. Though this 74-year-old developer is no relation to the current occupant of the White … [more]

The downshift drags on

With a slew of condo projects she lved or canceled, developers wait for the market to correct itself — but when that’ll happen is anyone’s guess

Quiet has become the new status quo in the condo market. Miami-Dade County is facing a supply of 58 months, or nearly five years, of condos priced at $5 million … [more]

Editor's note:
Hiding in plain sight

When a group of Venezuelan nationals was accused of using South Florida real estate purchases to launder money this summer, one of the darker truths about the market became all … [more]