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Miami Real Estate News

ASRR to buy out partner in Surfside condo project

Posted:Mon, 21 Aug 2017 22:00:57 +0000

Alex Sapir’s ASRR Capital is in advanced talks to buy out its partner in a Surfside condominium project, according to documents filed on the Tel Aviv Stock Exchange. Sapir will pay $6.1 million for Eyal Ben-Yosef’s 12.5 percent stake in the project, called Arte by Antonio Citterio, marking the latest move in an eventful year for ASRR. The publicly traded company originally partnered with Istanbul-based Suzer Group on the Surfside project. In March, Ben-Yosef bought Suzer’s ... [more]

Here’s what Trump’s property taxes in Palm Beach could total in 2017

Posted:Mon, 21 Aug 2017 20:50:19 +0000

President Donald Trump’s real estate empire in Palm Beach County will likely generate $1.19 million in property taxes for 2017, according to the Palm Beach Daily News. The property appraiser’s estimate includes Trump’s Mar-a-Lago Club, two golf courses and a pair of houses. In Palm Beach, Mar-a-Lago will be billed an estimated $463,941, and two homes and a vacant parcel will generate an additional $184,620. The larger home, at 1094 South Ocean Boulevard, was appraised at ... [more]

Like The Real Deal South Florida on Facebook

Posted:Mon, 21 Aug 2017 20:15:14 +0000

Follow us on Facebook for the latest on South Florida real estate, breaking industry news and lively conversation with a community of more than 28,000 fans. ... [more]

46-acre site in Southwest Ranches hits the market for $16M

Posted:Mon, 21 Aug 2017 19:15:30 +0000

A 46-acre development site in Southwest Ranches just hit the market for $15.75 million. The plot of land, on the northwest corner of Sheridan Street and Flamingo Road, is asking for about $342,000 per acre. Records show the owner, Canyon Creek Estates LLC, is led by Ameristar Properties of South Florida, Ernest Caparelli, Shlomo Espstein and Joseph Caparelli. The LLC bought the property in 2004 for $8.9 million. The site is zoned for about 20 homes and estates of ... [more]

Chef Eric Ripert sells his Miami Beach pied-à-terre

Posted:Mon, 21 Aug 2017 18:30:16 +0000

Master chef Eric Ripert has bid adieu to his Miami Beach condo, his listing agents told The Real Deal. Ripert and his wife Sandra sold the 1,271-square-foot, two-bedroom unit at the Maison Grande at 6039 Collins Avenue for $412,500, according to Brown Harris Stevens Miami agents Carol Cassis and Stephan Burke. It was listed for $425,000 and sold furnished. The French chef, author and TV personality is known for his flagship restaurant in New York City, ... [more]

Anbang’s head of real estate is out

Posted:Mon, 21 Aug 2017 17:45:33 +0000

From TRD New York: Anbang Insurance Group’s head of real estate, Theo Cheng, is leaving amid uncertainty over the company’s leadership. Cheng oversaw Anbang’s real estate division and real estate-related activities, especially overseas investments, according to the trade publication PERE. According to his LinkedIn profile, Cheng began working at the insurance company in February 2015, a few months after Anbang bought the Waldorf Astoria for just under $2 billion. Anbang is currently embarking on a ... [more]

The Chinese pullback won’t bring down real estate prices, according to Brookfield exec

Posted:Mon, 21 Aug 2017 16:45:47 +0000

From TRD New York: A pullback from Chinese investors won’t have a major impact on real estate prices, according to Brookfield Property Partners CEO Brian Kingston. Investors from Europe and the Middle East are still hungry for real estate, and a global shift from low-yield, fixed-income assets to real estate will push property prices for the foreseeable future, Kingston told Bloomberg. “There was a lot of headlines around how much capital was coming out of ... [more]

Michael Comras picks up missing piece of South Beach assemblage

Posted:Mon, 21 Aug 2017 16:00:53 +0000

Michael Comras just picked up the missing piece of an assemblage he’s stitching together in South Beach. The investor paid $5 million for a parcel that will allow him to build a new retail complex in the neighborhood. Comras’ MAC 1045 5th St LLC bought the 7,000-square-foot site at 1031 Fifth Street from an affiliate of Carefree Lifestyle, property records show. Carefree is a luxury concierge service led by CEO Gary Marotta. Comras paid $714 per ... [more]

Investors pick up riverfront building in Fort Lauderdale for $5.8M

Posted:Mon, 21 Aug 2017 15:20:27 +0000

A group of investors just paid $5.75 million for a property fronting Fort Lauderdale’s Tarpon River, records show. George Dermksian, Krikor Gazarian and Linéaire Group 10 New River LLC bought the mixed-use, 23,600-square-foot building at 400 and 408 South Andrews Avenue. Azorra Properties sold the site for $244 per square foot for the building and $261 per square foot for the land. Property records show Azorra paid $2.5 million for the building in 2001. It was built ... [more]

CoStar asks federal court to dismiss Xceligent lawsuit

Posted:Mon, 21 Aug 2017 14:30:55 +0000

From TRD New York: CoStar Group filed a motion last week asking a federal judge to dismiss rival data company Xceligent’s antitrust lawsuit. The Washington, D.C.-based firm filed a 27-page motion in the U.S. District Court for the Western District of Missouri arguing that Xceligent did not make an adequate case for a court judgment, Bisnow reported. “Xceligent’s antitrust claims should be dismissed because Xceligent fails to plead facts sufficient to allege that CoStar blocks ... [more]

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