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  • A London-based family now has the keys to Chuck Khubani’s Faena House unit for $70,000 a month, a record for condo rentals in Miami-Dade County.  … [more]

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  • Gil Dezer isn’t the only Sunny Isles Beach developer having a hard time getting along with his neighbors. Fortune International Group was just sued by the condo association for Jade Beach, a tower it built in 2008, over alleged construction damages from the developer’s latest tower next door, Jade Signature. … [more]

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  • UPDATED Nov. 3, 11:20 p.m.: The top executive of All Aboard Florida’s parent company warned Miami business leaders on Wednesday that the glut of luxury condominium projects in downtown Miami is making it nearly impossible to attract middle class professionals to the city’s urban core. … [more]

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  • The developer of VistaBlue Singer Island hosted a broker preview for the luxury condo project last week. Dallas-based Third Palm Capital will build the 19-story, 58-unit oceanfront development at 3730 North Ocean Drive in Singer Island, marking the first new luxury condominium on the island in nearly a decade. Third Palm Capital hosted the cocktail party at the Palm Beach Marriott Singer Island Beach Resort with live reggae music and hors d’oeuvres. In early October,

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  • The estate of Fred Keller sold a portfolio of industrial properties in northern Palm Beach County to affiliates of Iselin, New Jersey-based Silverman Group for $50 million. A trust in Keller’s name sold the 38 buildings, public records show. Keller was a millionaire Palm Beach real estate tycoon who died in prison while serving a life sentence for killing his fifth wife, according to the Palm Beach Post.  … [more]

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  • The Whitman family is reportedly spending big on a pair of Bal Harbour village council candidates, hoping a political shuffle will help garner approvals for the family’s controversial $400 million expansion plan for the Bal Harbour Shops. … [more]

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  • 1. Trump billed more than $1 million in PBC property taxes [Palm Beach Daily News] 2. Country’s three most expensive homes are in South Florida [Broward New Times] 3. Lincoln Road’s former Apple Store is now T-Mobile [The Next Miami] 4. Brokers guide sale of small Miami lot for $4.5 million [Daily Business Review] — Sean Stewart-Muniz … [more]

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  • Photos by Sean Stewart-Muniz Years in the making, Brickell City Centre’s open-air retail center is launching on Thursday, bringing 500,000 square feet of new retail and restaurant offerings to Miami’s urban core. Yet due to construction delays, only anchor tenant Saks Fifth Avenue and about a dozen of the 120 planned stores will open initially, as the rest of the shops and eateries rush to complete their space in time for the holiday season. Swire

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  • British architect Norman Foster will design the super-talls planned for 1201 Brickell Bay Drive. … [more]

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  • In a sign that new development could soon be coming to a long-neglected section of North Beach, the Miami Beach Design Review Board approved seven variances for a townhouse project at 8127 Crespi Boulevard.   … [more]

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  • Marco Iacovelli, the founder of Rally Manufacturing, is listing his Star Island mansion for $65 million – marking the priciest home on the market in Miami-Dade County.  … [more]

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  • Black Lion Investment Group just bought the Crystal Tree Retail/Office Center, a mixed-use property in North Palm Beach, for $14 million. Chesser Group, a real estate conglomerate based in Rancho Cucamonga, California, is the seller. Crystal Tree is a four-story commercial complex with ground floor retail and office space, totaling 116,625 rentable square feet. The deal breaks down to about $120 per foot. … [more]

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  • The trend of developers focusing on building luxury boutique projects is continuing in Miami Beach. … [more]

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  • The Real Deal South Florida is on Instagram! Our social media channel features snaps of new developments, beachfront condos and celebrity deals around the Magic City, giving you an insider’s look at what’s happening in South Florida real estate, and beyond. Have something to share with us? Send your photo to insta@therealdeal.com or tag your photos with #TRDSoFla and you could be featured on our Instagram feed. Click here to follow @trdsofla on Instagram. Happy sharing! … [more]

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  • An entity controlled by Argentinian media moguls (and husband and wife) Daniel Hadad and Viviana Zocco sold their double unit at the Continuum South Beach for $10.5 million, or nearly $2,400 per square foot. … [more]

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    November 01, 2016 07:30AM

    Current reader favorites: 1. Chinese buyer behind bulk purchase at Brickell City Centre’s Rise condo tower 2. Aston Martin and Coto family launch car maker’s first branded condo tower in downtown Miami 3. Grupo Alco buys Lauderdale site for 10-story hotel 4. Terra Group wins site plan approval for Pines Market 5. Hedge funds swarm into Palm Beach … [more]

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  • The Trump Group is delaying construction and sales on the second planned condo tower of its $1.5 billion Estates at Acqualina in Sunny Isles Beach, amid the market slowdown, The Real Deal has learned. Rather than wait to reach 80 percent pre-sales of both towers — the requirement for financing — the developers will focus on sales on the South Tower and build the project in two phases, developer Jules Trump, told TRD. The amenity villa, … [more]

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  • Miami-Dade County’s condo market picked up just in time for Halloween, with sales volume and average prices showing significant gains last week — largely thanks to a huge closing at the Continuum complex in South Beach. Leading the pack was the $10.5 million sale of unit 1606/0 at the Continuum South Tower, which sold after spending 79 days on the market with Linette Guerra of La Playa Properties Group. The four-bedroom, 4.5-bathroom unit sits on … [more]

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  • Despite online shopping shaking up Miami-Dade County’s retail landscape, a new report shows brick-and-mortar vacancy rates fell to a record low in the third quarter. … [more]

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  • Russian soprano Yelena Dudochkin just paid $6.050 million for a condo at the recently completed Fendi Château Residences in Surfside. … [more]

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