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News 5 days ago
Subscribe to TRD's China Watch newsletter

As you've learned from The Real Deal's reporting, Chinese players have been pulling out of the U.S. property market amid a government crackdown on...

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Developer launches first phase of townhome project in Weston
News 5 days ago
Developer launches first phase of townhome project in Weston

Yet another residential community is planned for Weston, a suburban town in Broward County. Elad National Properties recently launched sales for...

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A mini revolution: The strategy behind YotelPad's first East Coast hotel-condo project
News 5 days ago
A mini revolution: The strategy behind YotelPad's first East Coast hotel-condo project

For its first micro-unit hotel-condominium on the East Coast, the Yotel chain chose a market that is awash in new development: Miami. But the chic...

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Mobster Al Capone’s former Miami Beach mansion asks $15M
News 5 days ago
Mobster Al Capone’s former Miami Beach mansion asks $15M

What would Big Al think? The former home of the late Al Capone just hit the market for $14.9 million. The Prohibition-era gangster bought the home...

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Congress Group launches sales of new Bay Harbor Islands condo project
News 5 days ago
Congress Group launches sales of new Bay Harbor Islands condo project

More than two years after buying waterfront land in Bay Harbor Islands, Congress Group is launching sales of a boutique condo project, the second...

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Related plots to influence Ladder’s board after seeing $1.5B bid rejected
News 5 days ago
Related plots to influence Ladder’s board after seeing $1.5B bid rejected

Related Companies just won’t take no for an answer. After the development firm’s asset management arm saw a bid for Ladder Capital rejected, it is...

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Billionaire Lego scion sells equestrian estate in Wellington
News 5 days ago
Billionaire Lego scion sells equestrian estate in Wellington

A scion of the wealthy Danish family that built Lego just sold an equestrian estate in Wellington for $5.9 million. Thomas Kirk Kristiansen, the...

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Related and Dezer sell Hyde Midtown hotel for $22M
News 6 days ago
Related and Dezer sell Hyde Midtown hotel for $22M

The Related Group and Dezer Development sold the hotel component of Hyde Midtown for $21.8 million, property records show. Midtown Hotel Investment...

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Coming soon: The Real Deal’s annual National Retail Market Report
News 6 days ago
Coming soon: The Real Deal’s annual National Retail Market Report

The Real Deal’s annual insider’s look at what's unfolding in retail markets across the country will be available in May 2018. This year's issue...

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Sears to Forbes and Palm Beach Gardens: pay our $2.1M legal tab for mall sublease lawsuit
News 6 days ago
Sears to Forbes and Palm Beach Gardens: pay our $2.1M legal tab for mall sublease lawsuit

After winning a four-year legal battle over plans to sublease part of its store at the Gardens Mall in Palm Beach Gardens, Sears, Roebuck & Co....

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Multifamily development drives March increase in housing starts
News 6 days ago
Multifamily development drives March increase in housing starts

Construction starts exceeded expectations in March on the back of strong multifamily development. A federal report released Tuesday show that...

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The week in luxury: A map of Miami-Dade’s priciest condo sales
News 6 days ago
The week in luxury: A map of Miami-Dade’s priciest condo sales

Condo sales in Miami-Dade dipped in the second week of April. The county recorded 127 closings for a total of $51 million, down slightly compared...

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Bridge Development scores $32M construction loan for spec industrial park in Pompano Beach
News 6 days ago
Bridge Development scores $32M construction loan for spec industrial park in Pompano Beach

Bridge Development Partners just scored a $32.1 million construction loan and broke ground on a speculative industrial park in Pompano Beach,...

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Blackstone, Brookfield, Starwood all reportedly interested in buying LaSalle Hotel Properties
News 6 days ago
Blackstone, Brookfield, Starwood all reportedly interested in buying LaSalle Hotel Properties

LaSalle Hotel Properties is reviewing a $3.6 billion takeover offer from Pebblebrook Hotel Trust, but there’s some big name prospective buyers...

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Denver firm buys Margaritaville Hollywood Beach Resort for $127M
News 6 days ago
Denver firm buys Margaritaville Hollywood Beach Resort for $127M

New ownership will soon be wastin’ away in Margaritaville Hollywood. KSL Capital Partners purchased the Margaritaville Hollywood Beach Resort in...

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Venture X co-working firm to open at Related’s CityPlace in West Palm Beach
News 6 days ago
Venture X co-working firm to open at Related’s CityPlace in West Palm Beach

Another co-working concept is expanding to South Florida. Venture X, a shared office company under the United Franchise Group umbrella, will be...

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Mall of America owner in talks to buy 47-acre site in the Valley
News 6 days ago
Mall of America owner in talks to buy 47-acre site in the Valley

The owner of the Mall of America is in talks to buy one of the largest redevelopment sites in Los Angeles: a 47-acre former rocket engine...

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Want to buy a house? Better make it quick
News 6 days ago
Want to buy a house? Better make it quick

People on the hunt for a new home will need to make their final decisions quickly. A new Zillow Group report found that the median home in the U.S....

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Buyer revealed: Alex Sapir paid $17M for Venetian Islands home
News 1 week ago
Buyer revealed: Alex Sapir paid $17M for Venetian Islands home

Alex Sapir, head of the Sapir Organization, is the buyer of the $17 million Venetian Islands home that sold in March, sources told The Real Deal....

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David Martin drops price of his Grove at Grand Bay PH
News 1 week ago
David Martin drops price of his Grove at Grand Bay PH

Developer David Martin is relisting his penthouse at Grove at Grand Bay at a reduced asking price. Martin’s unit, a 12,000-square-foot condo at the...

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Rockwood Capital buys investment firm’s stake in One Boca Place
News 1 week ago
Rockwood Capital buys investment firm’s stake in One Boca Place

Rockwood Capital purchased Wheelock Street Capital’s stake in a Boca Raton office complex for $93.5 million, according to data from Real Capital...

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J. Milton buys Pompano Beach apartment complex from Canyon Partners
News 1 week ago
J. Milton buys Pompano Beach apartment complex from Canyon Partners

Two years after making its first foray into the South Florida real estate market, the Canyon Multifamily Impact Fund just sold its initial...

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LaSalle seeks $1B for latest value-add real estate fund
News 1 week ago
LaSalle seeks $1B for latest value-add real estate fund

LaSalle Investment Management is looking for $1 billion for its latest value-add real estate fund. The firm, an arm of JLL, will call the fund —...

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Chain of command: Vornado Realty Trust
News 1 week ago
Chain of command: Vornado Realty Trust

Vornado Realty Trust, one of New York City’s top commercial landlords, has spent the last few years in shuffle mode. The publicly traded firm...

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Developer Ron Simkins buys waterfront spec home in Miami Beach
News 1 week ago
Developer Ron Simkins buys waterfront spec home in Miami Beach

Innovate Development Group’s Ron Simkins just bought himself a Miami Beach home for $7.5 million – a nearly 40 percent discount off the 2016 asking...

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Hard Rock Cafe co-founder Peter Morton nears record-breaking $110M home sale
News 1 week ago
Hard Rock Cafe co-founder Peter Morton nears record-breaking $110M home sale

Peter Morton, best known for co-founding the Hard Rock Cafe chain, is trying to give two fellow moguls a run for their money when it comes to home...

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Movers & Shakers: Burt Minkoff joins Douglas Elliman in Palm Beach & more
News 1 week ago
Movers & Shakers: Burt Minkoff joins Douglas Elliman in Palm Beach & more

After 14 years at the Corcoran Group, Palm Beach agent Burt Minkoff left to join Douglas Elliman. Minkoff closed about $20 million in sales last...

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California’s housing shortage is the biggest in the nation, by far
News 1 week ago
California’s housing shortage is the biggest in the nation, by far

Nearly half of U.S. states aren’t producing enough housing to keep up with growing demand and California is the biggest culprit, according to one...

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Zillow’s new initiative could change what it means to be a broker. Are brokers worried?
News 1 week ago
Zillow’s new initiative could change what it means to be a broker. Are brokers worried?

With Zillow’s expansion of its “Instant Offers” program and its declaration that it would become a direct player in the market by buying and...

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Norman Sturner merges MHP with Miami’s Banyan Street Capital
News 1 week ago
Norman Sturner merges MHP with Miami’s Banyan Street Capital

Norman Sturner’s MHP Real Estate Services sold a stake in the company for an undisclosed figure to Miami-based firm Banyan Street Capital, forming...

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