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Russian billionaire relists Palm Beach lot for $42M
News 8 hours ago
Russian billionaire relists Palm Beach lot for $42M

A Russian billionaire has relisted one of three lots he carved from a Palm Beach estate with a $42 million price tag, about 8 percent more than his...

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Duke Realty pays $35.7M for Medley industrial site
News 9 hours ago
Duke Realty pays $35.7M for Medley industrial site

Duke Realty paid $35.7 million for a lumber yard in Medley where the Indianapolis-based company plans to construct warehouses. Duke bought the 35.1...

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Developer admits lying to a bank for a condo construction loan
News 10 hours ago
Developer admits lying to a bank for a condo construction loan

A real estate developer based in Palm Beach admitted to a federal judge that he lied to a bank to get construction financing for a condominium...

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Dezer Development buys shuttered Orlando mall for $23.7M
News 11 hours ago
Dezer Development buys shuttered Orlando mall for $23.7M

Sunny Isles Beach-based Dezer Development bought a shopping mall in Orlando that closed last year and plans to redevelop it as an entertainment...

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Who stands to gain if Miami wins Amazon's second headquarters?
News 1 day ago
Who stands to gain if Miami wins Amazon's second headquarters?

Who stands to gain if Miami wins Amazon's second headquarters? Of five sites in Miami-Dade submitted in a regional bid, three are in or near...

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Boymelgreen scores construction loan on Surfside luxury townhome development
News 1 day ago
Boymelgreen scores construction loan on Surfside luxury townhome development

Developer Menachem Boymelgreen just secured a $23.5 million construction loan for a planned townhome project in Surfside, property records show....

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Midtown Delray Beach project heads back to the city commission in February
News 1 day ago
Midtown Delray Beach project heads back to the city commission in February

The third time's the charm? A proposal to redevelop and rehabiliate a historic swath of Delray Beach into a mixed-used development will go to the...

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Costantini buys pricey condo at his own Bal Harbour complex
News 1 day ago
Costantini buys pricey condo at his own Bal Harbour complex

Talk about a stamp of approval. Developer Eduardo Costantini liked the Oceana Bal Harbour development he owns so much he just closed on one of the...

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SoFla’s affordable housing crisis: How can developers spur construction?
News 1 day ago
SoFla’s affordable housing crisis: How can developers spur construction?

With all its glimmering waterfront high-rises, South Florida still has a thick cloud hovering over the issue of affordable housing. There is...

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PMG closes on 400 Biscayne, nabs financing for apartment tower
News 1 day ago
PMG closes on 400 Biscayne, nabs financing for apartment tower

Property Markets Group has closed on the site at 400 Biscayne Boulevard where it intends to build a massive two-phase, mixed-use development, as...

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Why 230,000 affordable housing units may never get built
News 1 day ago
Why 230,000 affordable housing units may never get built

Even with private activity bonds intact, the new Republican tax law could cut the growth of subsidized affordable housing by more than 230,000...

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Mast Capital's proposed Miami River Walk wins city board nod
News 1 day ago
Mast Capital's proposed Miami River Walk wins city board nod

A month after the Miami River Commission approved Mast Capital's plan for its 6.3-acre apartment complex on the riverfront, the city's Urban...

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Don't worry: HELOCs will survive despite new tax law
News 1 day ago
Don't worry: HELOCs will survive despite new tax law

It's a big and confusing question for many homeowners in the wake of the December tax law changes: Are new interest-deductible home equity credit...

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Lennar buys Horseshoe Lake development site in Davie
News 2 days ago
Lennar buys Horseshoe Lake development site in Davie

Lennar Corp. just paid $9.65 million for a 30-acre townhome development site in Davie. Property records show Griffin BC Land, an affiliate of a...

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National Cheat Sheet: Amazon chooses 20 finalists for HQ2, Apple picking a new campus of its own … & more
News 2 days ago
National Cheat Sheet: Amazon chooses 20 finalists for HQ2, Apple picking a new campus of its own … & more

Amazon narrows HQ2 search to 20 cities Seattle-based Amazon released a list of 20 potential cities where it may build its second headquarters....

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Zom buys land, scores construction loan for rental project in Fort Lauderdale
News 2 days ago
Zom buys land, scores construction loan for rental project in Fort Lauderdale

Zom Living just paid $33 million for land along Federal Highway in downtown Fort Lauderdale, where it plans to build a 456-apartment project,...

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More growth expected for South Florida CRE in 2018: CCIM conference
News 2 days ago
More growth expected for South Florida CRE in 2018: CCIM conference

Population growth, new jobs and a tight residential market are fueling Florida’s commercial sectors, and that isn’t expect to change anytime soon....

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Design changes to Miami Worldcenter’s retail portion approved
News 2 days ago
Design changes to Miami Worldcenter’s retail portion approved

The developers of Miami Worldcenter just won a key design modification to the massive project's retail component. On Wednesday, the Miami Urban...

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South Florida’s resi markets bounce back from Hurricane Irma: Elliman
News 2 days ago
South Florida’s resi markets bounce back from Hurricane Irma: Elliman

Residential sales may be on the rebound in South Florida following a dismal third quarter, thanks in part to pent-up demand from Hurricane Irma,...

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Miami makes shortlist for Amazon HQ2
News 2 days ago
Miami makes shortlist for Amazon HQ2

A surprise package arrived Thursday morning. Amazon has announced its shortlist of 20 proposals for its $5 billion second headquarters on Thursday...

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Sheraton Suites in Plantation trades for $25M
News 2 days ago
Sheraton Suites in Plantation trades for $25M

An affiliate of San Francisco-based Fillmore Capital Partners just sold the Sheraton Suites hotel in Plantation for $24.7 million, property records...

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Wyndham hotels acquires La Quinta franchise in $1.95B deal
News 2 days ago
Wyndham hotels acquires La Quinta franchise in $1.95B deal

Wyndham Worldwide Corporation has agreed to pay $1.95 billion for La Quinta Holding’s hotel franchise and management business, further extending...

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Dev site in Wynwood hits the market
News 3 days ago
Dev site in Wynwood hits the market

A development site along Northwest Second Avenue in Wynwood just hit the market. The William & Doris Friedopfer Trusts are selling the 1.72-acre...

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E-commerce is driving industrial demand, especially in Miami
News 3 days ago
E-commerce is driving industrial demand, especially in Miami

E-commerce companies are gobbling up newly built warehouse space across the U.S. to become one of the leading industrial tenant types in the...

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Skanksa names new CEO of US operations amid shakeup
News 3 days ago
Skanksa names new CEO of US operations amid shakeup

Construction giant Skanska has tapped a new CEO for its U.S. operations, a move that comes as the company faces lackluster profits and undergoes a...

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Self-storage growth slows, but pipeline isn’t shrinking
News 3 days ago
Self-storage growth slows, but pipeline isn’t shrinking

The steady and strong growth of self-storage is softening after years of success in the sector, market indicators show. Self-storage has for years...

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Nautilus South Beach marketed for sale, sources say could sell for as much as $180M
News 3 days ago
Nautilus South Beach marketed for sale, sources say could sell for as much as $180M

The Nautilus South Beach is being marketed for sale, and hotel industry sources say the property could trade for as much as $180 million, or about ...

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Brookfield and Onex could pay up to $3.7B for WeWork rival
News 3 days ago
Brookfield and Onex could pay up to $3.7B for WeWork rival

Brookfield Asset Management and Onex are planning to bid about $3.7 billion for IWG, a WeWork rival based in Switzerland. IWG, formerly known as ...

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Simon and Starbucks settle lawsuit over Teavana closings
News 3 days ago
Simon and Starbucks settle lawsuit over Teavana closings

Shopping mall giant Simon Property Group and Starbucks Corp. have settled a lawsuit Simon filed last year, aimed at preventing Starbucks' closure...

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Netscape co-founder slashes asking price for palatial Palm Beach estate
News 3 days ago
Netscape co-founder slashes asking price for palatial Palm Beach estate

Internet entrepreneur and computer scientist James Clark just took an axe to the asking price of his waterfront, Mediterranean-style Palm Beach...

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