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Miami Real Estate News

How the Brightline train will transform the Sunshine State — and its real estate

Posted:Thu, 30 Mar 2017 13:45:36 +0000

From the March issue: All Aboard Florida’s Brightline train service between Miami and West Palm Beach, scheduled to begin this summer, has the potential to be transformational for South Florida, local real estate experts agree. “This will change the way travel and development and redevelopment occur in South Florida,” said Rick Gonzalez, president of REG Architects in West Palm Beach. “You can now work in downtown Miami and live in Fort Lauderdale or West Palm ... [more]


Pending US homes sales reach 10-month high

Posted:Thu, 30 Mar 2017 12:45:04 +0000

From the New York website: The number of pending U.S. home sales reached a 10-month high in February, according to the National Association of Realtors. The index, which tracks contract signings on previously owned homes, jumped 5.5 percent in February to reach 112.3, the Wall Street Journal reported. That’s the highest level since April 2016 and the second-highest level since May 2006, according to the newspaper. Warmer weather and gains on the stock market could ... [more]


Most popular on The Real Deal

Posted:Thu, 30 Mar 2017 11:30:24 +0000

Current reader favorites: 1. Novak Djokovic to pay up to $8.9M for a unit at Eighty Seven Park 2. Medical marijuana may push South Florida’s industrial sector to new highs 3. Delray Beach condo project to break ground this spring at 50% presold 4. Fort Lauderdale committee wants FAT City to get leaner 5. Proposed Wynwood Square site hits the market, could fetch upwards of $30M ... [more]


Trump presidency to have a positive impact on SoFla real estate investment: panel

Posted:Wed, 29 Mar 2017 22:00:00 +0000

As Donald Trump inches closer to his 100th day in office, the pivotal moment most U.S. presidents are judged as to whether their agendas are moving forward, the commander-in-chief remains mired in a never-ending storm of controversy. Yet, having the New York billionaire developer at the country’s helm will only bode well for South Florida’s real estate market in the next four years, real estate panelists said on Wednesday. “We have a pro-business, pro-development president,” ... [more]


Investment group pays $19.5M for building on Palm Beach’s Worth Avenue

Posted:Wed, 29 Mar 2017 21:00:06 +0000

An investment group with properties on Palm Beach’s Worth Avenue just paid $19.5 million for the Via Bice building, adding to its holdings on the pricey retail street.  Via Bice Worth Avenue LLC, an affiliate of the Amirsaleh Family Trust, purchased the building at 313 1/2 Worth Avenue and 320 Peruvian Avenue, Greenberg Traurig attorney David M. Layman said on Wednesday. It hit the market in December with HFF broker Luis Castillo, who at the time said the building could ... [more]


Thor Equities leases Lincoln Road spots to Steve Madden, Haagen-Dazs

Posted:Wed, 29 Mar 2017 20:00:29 +0000

Thor Equities has signed leases with Steve Madden and Haagen-Dazs for two adjacent spaces on Lincoln Road, bringing its holdings on the pedestrian promenade to fully leased, The Real Deal has learned. Steve Madden is taking 2,300 square feet at 663 Lincoln Road and Haagen-Dazs will be next door, with 1,000 square feet at 665 Lincoln Road, according to a New York-based Thor Equities spokesperson. Asking rents for both spaces were $300, the spokesperson said. ... [more]


Hotwire, Chrysalis Health become landlords to offset office occupancy costs

Posted:Wed, 29 Mar 2017 19:00:47 +0000

Some companies, like Hotwire Communications and Chrysalis Health, are buying office buildings bigger than they need and leasing surplus space to offset their occupancy costs, as demand for offices rises. “I do a lot of tenant outreach on behalf of some of our landlord clients, and a lot of time the initial feedback I get from them is, they want to own something rather than continue to lease,” Ryan Goggins of Colliers International told The ... [more]


Event guru Karla Dascal buys Paradise Farms in Homestead

Posted:Wed, 29 Mar 2017 18:30:43 +0000

After three years on the market, Gabriele Marewski sold her Paradise Farms in Homestead for $1 million, The Real Deal has learned.  Karla Dascal, owner of the wellness center The Sacred Space Miami, and her partner Gingi Beltran, a real estate agent with Cervera Real Estate, bought the 7.3-acre property at 19801 Southwest 320th Street, Dascal told TRD. Dascal is also a longtime event producer and florist in Miami. The sale closed on Tuesday and has not yet cleared public ... [more]


You can now short private real estate markets

Posted:Wed, 29 Mar 2017 17:30:10 +0000

From the New York website: In a year of uncertainty, professional pessimists finally have a tool to short the private real estate market. Financial services firm Global Index Group on Wednesday launched a synthetic investment product tied to the performance of the NCREIF Index, which tracks the return on privately held real estate in the U.S. As with traditional swaps, customers can choose to go either short or long. CBRE Capital Advisors, CBRE’s investment banking ... [more]


Deutsche Bank could fund billions in low-income mortgages under settlement

Posted:Wed, 29 Mar 2017 16:30:21 +0000

Deutsche Bank may fund billions in new home loans to low-income borrowers as part of a settlement with the United States Justice Department. In January, the German lender reached a $7.2 billion deal with prosecutors to settle an investigation into its pre-crisis mortgage bond deals. As part of the settlement, the bank agreed to offer $4.1 billion in “relief” to borrowers. Initially, Deutsche Bank had planned to do so by lending to firms that buy ... [more]


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