The Real Deal Miami

  • Compass says price for Naples condo set a record

    Compass agent Jane Bond handled the $14.75 million sale of the five-bedroom, five-bath penthouse
    March 25, 2017 02:00PM TRD WEEKEND EDITION

    Unit 2201 at 81 Seagate Drive in Naples

    Residential real estate brokerage Compass handled the $14.75 million sale of a Naples penthouse and called it the most expensive condo sale on record in Naples. [more]

  • Inside Drake’s $8 million mansion

    March 25, 2017 01:00PM By Business Insider TRD WEEKEND EDITION
    Drake and his grotto (credit: Wiki Commons)

    Drake and his grotto (credit: Wiki Commons)

    From the New York site: What does it mean to live like Drake, the No. 1 man in the rap game?

    The hip-hop superstar reveals himself in all his new music, including his latest project, “More Life,” which is touted as a “playlist” and includes some of the rapper and singer’s best tracks to date.

    He may not talk about the insane pool surrounded by caves in his California mansion on “More Life,” but he admits to his love of material things: “I don’t take naps / Me and the money are way too attached to go and do that,” he raps on “Gyalchester.” [more]

  • Buyer makes 50% profit on Trump’s childhood home

    Queens house, which sold for $2.1M this week, was said to be worth as much as $10M after election
    March 25, 2017 12:00PM TRD WEEKEND EDITION

    85-15 Wareham Place and Donald Trump (Credit: Getty Images)

    From the New York site: The recent buyer of President Donald Trump’s childhood home in Jamaica Estates flipped the place for $800,000 more than he paid three months ago.

    Michael Davis paid $1.3 million for the Tudor-style home at 85-15 Wareham Place in December. This week he sold it for $2.1 million, a profit of just over 50 percent, the New York Post reported. [more]

  • American Dream developer halts N.J. mall project

    Triple Five has suspended construction of the American Dream mall in New Jersey
    March 25, 2017 11:00AM TRD WEEKEND EDITION

    Rendering of American Dream mall in New Jersey

    The developer of the American Dream mall in north Miami-Dade County is still struggling to finish a mall with the same name in New Jersey.

    Triple Five, the developer, suspended construction of the American Dream mall in the Meadowlands area of northeastern New Jersey on December 23 for what it called a “planned holiday slowdown.”

    Triple Five told that work on the mall would [more]

  • Inside

  • Vacant lot in Manalapan sells for $12.45 million

    The price is 55 percent more than the previous owner paid for the 1.5-acre lot in 2008
    March 25, 2017 10:00AM TRD WEEKEND EDITION

    1460 South Ocean Boulevard in Manalapan (Source: Zillow)

    A foreign business executive bought a vacant lot in Manalapan for $12.45 million, or 55 percent more than the previous owner paid in 2008.

    The buyer is a company managed by Onajite Okoloko, a Nigerian business executive who owns a home in Boca Raton. According to his resume, he is the chief executive officer of a fertilizer company called Notore Chemical Industries. [more]

  • Crews extinguish fire on 68th floor of Panorama

    Florida East Coast Realty said the fire caused minimal damage and won't delay the completion of Panorama
    March 25, 2017 09:00AM TRD WEEKEND EDITION

    Fire at Panorama Tower (Credit: Johan Andreassen / Miami Herald)

    Miami firefighters extinguished a fire Friday on the 68th floor of Panorama Tower, a mixed-use high-rise still under construction at 1101 Brickell Avenue.

    No injuries were reported. No construction work was under way when the fire began The cause of the fire is under investigation.

    “The fire was easily contained with minimal damage,” Florida East Coast Realty, the developer of Panorama, said in a statement. “Fire investigators told our company that the fire was localized to a single unit on the 68th [more]

  • Allegria Ristorante opens on Harrison in Hollywood

    Restaurant on Harrison Street has 4,100 square feet
    March 24, 2017 05:30PM By Mike Seemuth

    Allegria Ristorante

    A new restaurant, Allegria Ristorante, just opened this week on Harrison Street in downtown Hollywood. [more]

  • Topshop Topman, Zara and more heading to Aventura Mall’s new wing

    More restaurants opening plus a VIP lounge with pool tables, TVs and space for stylists
    March 24, 2017 05:00PM By Ina Cordle

    Renderings of Aventura Mall’s new 315,000-square-foot wing and Jackie Soffer

    Topshop Topman and Zara will open flagship stores in Aventura Mall’s new three-level wing in November, as the shopping center aims to boost its experiential offerings with more food, art and a VIP lounge, The Real Deal has learned. [more]

  • Little Torch Key Cottages in the Keys to hit the market, could fetch $20M

    The complex, built in 2014, includes 48 units in 24 three-story duplexes
    March 24, 2017 04:00PM By Robert Silk

    Little Torch Cottages and Calum Weaver

    Eastwind Development is putting its 48-unit Little Torch Cottages rental community on the market next week, Cushman & Wakefield said. [more]

  • Developer picks up Coral Gables site of boutique condo project, plans rentals

    Buyer will complete rental project within two years, broker says
    March 24, 2017 03:25PM By Katherine Kallergis

    Rendering of 1091 Galiano. Inset: brokers Elliot Shainberg and Deme Mekras

    Palmcorp Development Group sold a boutique condo development site in Coral Gables for $2.55 million to a developer who plans to build rentals instead.  [more]