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Real Estate News
Site URL: therealdeal.com/market/miami/
Feed URL: feeds.feedburner.com/trdnews_miami
Posts: 41
Followers: 1
South Florida Dirt: Miami-Dade County vs. Fisher Island’s billionaires
Published: June 7, 2026 17:00
Miami-Dade County abandoned a proposed $400 million deal to purchase an aging fuel depot on Fisher Island. Instead, the county will pursue acquiring the property via eminent domain. The move ramps up the battle between the county and one of South…
Live Local Act megaproject developer sued again –– by someone he says he’s never met
https://therealdeal.com/miami/2026/06/05/live-local-act-megaproject-developer-pablo-castro-sued/
Published: June 5, 2026 22:30
Spanish developer Pablo Castro, who made a splash with plans for Miami-Dade County’s largest Live Local Act project, faces a third lawsuit over the planned complex. The Miami Gardens Chamber of Commerce filed a suit against Castro, the Digital Housing…
Casino mogul picks up $36M mansion next to his Fort Lauderdale home
Published: June 5, 2026 21:40
Hard Rock heavyweight James F. Allen and his wife, Shelly Allen, don’t want any neighbors. The Allens scooped up a 38,000-square-foot waterfront property next door to their home in Fort Lauderdale for $35.8 million. Allen, the chairman of Hard Rock…
MG, Vertical score $100M construction loan for Coral Gables mixed-use
https://therealdeal.com/miami/2026/06/05/mg-developer-vertical-developments-nab-alhambra-parc-loan/
Published: June 5, 2026 21:00
MG Developer and Vertical Developments landed a $100 million construction loan for Alhambra Parc, a mixed-use luxury condo project in Coral Gables. San Francisco-based Benmark Capital provided the financing for the eight-story development at 33 Alhambra…
“So much wealth”: Why the rush for waterfront homes rolls on in South Florida
https://therealdeal.com/miami/2026/06/05/wealth-fuels-south-florida-waterfront-home-boom/
Published: June 5, 2026 19:41
Developer Keith Menin paid $16.1 million for a waterfront home on North Bay Road in April 2024, and he teamed up with the billionaire founder of Rockstar Energy to renovate and flip the property. Two years later, Menin and Russell Savage (previously…
Related Group, Russell Galbut part of Fisher Island team at center of fuel depot battle
Published: June 5, 2026 18:35
As the fight over the last remaining development site on Fisher Island heats up, two previously undisclosed developers are part of the mix: Russell Galbut and the Related Group. Galbut and the Pérez family’s Related Group partnered HRP Group to redevelop…
MCR wants to maximize Miami airport Hilton amid boost in hotel demand
https://therealdeal.com/miami/2026/06/05/mcr-upsizes-hilton-miami-airport-in-plan-to-add-high-rises/
Published: June 5, 2026 17:00
Can we use renderings from the original story? MCR is planning to triple the guestroom count at its Hilton Miami Airport Blue Lagoon with a rezoning application to add 1,000 hotel rooms across two new buildings. The New York-based hotel owner-operator…
Feldman Equities, Greystar plot multifamily at Fort Lauderdale business complex
https://therealdeal.com/miami/2026/06/05/feldman-equities-greystar-fort-lauderdale-apartments-okd/
Published: June 5, 2026 13:00
Feldman Equities won rezoning approval to redevelop a portion of the Pinnacle Corporate Park in Fort Lauderdale with a 310-unit multifamily complex, in partnership with Greystar. The 13-acre property is at 500 Northwest 62nd Street in Fort Lauderdale’s…
South Florida’s top deals: Jacavi sells warehouse near MIA to Miami-Dade County for $19M
https://therealdeal.com/miami/2026/06/05/south-florida-top-real-estate-deals-june-4-2026/
Published: June 5, 2026 12:00
🏆 Commercial: The top home sale recorded in South Florida was in Miami, where a warehouse at 1800 Northwest 70th Avenue near Miami International Airport changed hands for $19.2 million. The seller was an LLC tied to Jacavi Properties and the buyer was…
Looksmaxxing influencer Clavicular rents downtown Miami penthouse
Published: June 4, 2026 22:30
Controversial livestreamer and influencer Braden Peters, known online as Clavicular, rented a penthouse in downtown Miami, sources told The Real Deal. Peters is known for his “looksmaxxing” content, where people go to extremes to “maximize” their physical…
Fisher Island fuel depot drama pushes out Miami-Dade’s port director, COO
https://therealdeal.com/miami/2026/06/04/fisher-island-fuel-depot-debacle-forces-miami-dade-shakeup/
Published: June 4, 2026 21:44
Miami-Dade County Mayor Daniella Levine Cava’s longest-serving deputy resigned abruptly on Wednesday, a result of the fuel depot debacle on Fisher Island. Jimmy Morales, chief operating officer, and PortMiami Director Hydi Web are out of their county…
South Florida’s top warehouse deals reach over $100M this week
Published: June 4, 2026 20:07
Industrial investors have been active in South Florida’s warehouse market this week, with two buyers closing a pair of deals totaling more than $116 million in Broward and Miami-Dade counties. Atlanta-based Republic National Distributing Company, one of…
South Florida Realtor, children, ex-husband found dead in Doral home
https://therealdeal.com/miami/2026/06/04/miami-realtor-melanie-hyer-family-found-dead-in-doral-home/
Published: June 4, 2026 18:30
A longtime South Florida real estate agent, her two daughters and their father were found stabbed to death inside a Doral home in what investigators believe was a murder-suicide. Police said they found Melanie Hyer, 46, Savannah Whiten, 11, Sienna Whiten,…
Peter Thiel’s family office revealed as tenant signing pricey lease at 830 Brickell
Published: June 4, 2026 18:13
Peter Thiel’s family office leased space at OKO Group and Cain International’s 830 Brickell tower in a record deal for Miami-Dade County. The deal is for $250 per square foot for nearly 18,200 square feet of space on the 44th floor of the building, with…
Comras steps toward pedestrian passage in Lincoln Road retail vision
https://therealdeal.com/miami/2026/06/04/michael-comras-proposes-lincoln-road-pedestrian-passage/
Published: June 4, 2026 17:00
Michael Comras wants to turn a service alley and vacant storefronts from Lincoln Road to North Lincoln Lane in Miami Beach into a pedestrian retail destination lined with boutiques, cafés and outdoor seating. The investor filed plans with the Miami Beach…
13th Floor, Key International launch sales of Nobu tower with $1B in reservations
https://therealdeal.com/miami/2026/06/04/nobu-residences-miami-tower-launches-sales/
Published: June 4, 2026 15:59
After testing the waters on buyer demand and locking in more than $1 billion worth of unit reservations, 13th Floor Investments and Key International launched sales of the Nobu-branded condo tower planned for Brickell. The developers are moving full steam…
Pulte targets SoFla bargain hunters with St. Lucie County homes
https://therealdeal.com/miami/2026/06/04/pulte-homes-targets-st-lucie-county-single-family-market/
Published: June 4, 2026 13:30
Pulte Homes is betting on St. Lucie County in part by counting on buyers from the Greater Miami Area. The Atlanta-based national homebuilder bought a 50-acre site in Fort Pierce for $16.3 million, which is $326,000 per acre, with plans to develop it into…
South Florida’s top deals: Businessman nabs Palm Beach mansion for $43M
https://therealdeal.com/miami/2026/06/04/south-florida-top-real-estate-deals-june-3-2026/
Published: June 4, 2026 12:00
🏆 Residential: The top home sale recorded in South Florida was in Palm Beach, where a nearly 9,000-square-foot mansion at 115 Via La Selva sold for $43.3 million. The sellers were a trust tied to Philip and Catherine Korsant, and the buyer was Thomas Swan,…
Flow affiliate sells unfinished Miami Worldcenter office, retail building for $27M
https://therealdeal.com/miami/2026/06/03/flow-affiliate-sells-miami-worldcenter-building/
Published: June 3, 2026 21:14
An affiliate of Adam Neumann’s Flow sold an unfinished three-story retail and office building at Miami Worldcenter for $26.6 million, marking the third site within the mixed-use mega-complex to trade this year.  Daniel Cardenas and Michael Sullivan, of…
Baptist Health sells Publix-anchored Cutler Bay development site for $30M
https://therealdeal.com/miami/2026/06/03/baptist-health-sells-publix-anchored-site-for-30-million/
Published: June 3, 2026 19:58
Baptist Health South Florida cashed out of a large development site near Cutler Bay, selling a planned mixed-use project anchored by Publix for nearly $30 million, the South Florida Business Journal reported. The nonprofit healthcare system sold the…
Billionaire Adam Neumann supersizes Flow high-rise in Aventura
https://therealdeal.com/miami/2026/06/03/adam-neumanns-flow-supersizes-aventura-project/
Published: June 3, 2026 18:35
Adam Neumann received the stamp of approval from city officials to build bigger in Aventura. At a June 2 meeting, Aventura commissioners unanimously greenlighted a larger version of the billionaire WeWork co-founder’s planned Flow-branded multifamily…
Peruvian developer expands Miami condo pipeline with 62-story tower
https://therealdeal.com/miami/2026/06/03/grupo-tc-plans-62-story-condo-tower-near-miamis-brickell/
Published: June 3, 2026 18:01
William Ticona’s Grupo T&C is planning a 62-story mixed-use building near Miami’s Brickell district, replacing the terminated El Vedado condominium at 237 Southwest 13th Street. The proposed project, called 13th Edge, would span 648,700 square feet and…
Lotis Wellington rift widens: Developer affiliate sues investor over funding obligations
https://therealdeal.com/miami/2026/06/03/lotis-wellington-investor-sued-over-capital-contributions/
Published: June 3, 2026 14:43
Lotis Wellington, a 60-acre-plus mixed-use project promising to transform open land in west Palm Beach County, is further devolving into disputes among the partners, this time with a new lawsuit against an investor. Investor Brian Lulfs and entity AMKBJ…
$40M estate of Palm Beach’s oldest resident under contract following her death
https://therealdeal.com/miami/2026/06/03/home-of-palm-beachs-oldest-resident-selling-to-new-buyer/
Published: June 3, 2026 13:00
The waterfront estate that belonged to the late Jane Smith is under contract to a new buyer just months after her death. The deal tops new sales activity last week in Palm Beach County, where buyers signed 25 contracts between May 25 and May 31 for luxury…
South Florida’s top deals: MSCI chief pays $25M for Palm Springs home
https://therealdeal.com/miami/2026/06/03/south-florida-top-real-estate-deals-june-2-2026/
Published: June 3, 2026 12:00
🏆 Residential: Palm Beach logged the top home sale recorded in South Florida. Henry and Alexia Fernandez scooped up a 5,800-square-foot home at 134 Casa Bendita for $25 million, or about $4,300 per square foot. Henry Fernandez is chairman and CEO of MSCI.…
“Floating lantern”: Kengo Kuma’s Design District project scores $85M construction loan
https://therealdeal.com/miami/2026/06/02/kengo-kuma-designed-miami-project-starts-construction/
Published: June 2, 2026 22:30
An $85 million construction loan propelled the start of construction for Japanese architect Kengo Kuma’s U.S. mixed-use debut, in Miami’s Design District, after a two-year delay. Developers Lionheart Capital, Leviathan Development, Well Duo and the Lane…
DeSantis’ property tax cuts head to statewide vote in November
https://therealdeal.com/miami/2026/06/02/florida-voters-to-decide-on-property-tax-cuts/
Published: June 2, 2026 20:27
Florida voters will decide whether to slash property taxes for homesteads come November, after the Florida Legislature passed Gov. Ron DeSantis’ proposal on Tuesday. During a special session that started on Monday, the Florida House voted 75 to 26, and…
CS Ventures scores $22M loan to buy Frisbie properties in Palm Beach
https://therealdeal.com/miami/2026/06/02/cs-ventures-buys-palm-beach-properties-from-frisbie/
Published: June 2, 2026 17:00
CS Ventures picked up a portfolio of the Frisbie Group’s Palm Beach properties just months after redevelopment plans for the sites were scrapped. Ocean Bank provided a $22 million acquisition loan for CS Ventures’ purchase of the three-story former…
Onity to sell $5B reverse mortgage business to Finance of America
https://therealdeal.com/miami/2026/06/02/onity-to-sell-reverse-mortgage-arm-to-finance-of-america/
Published: June 2, 2026 15:36
Onity Group will cash out of its reverse mortgage business in a deal with one of the largest providers of the product in the U.S. The West Palm Beach-based mortgage servicer received the green light from regulators to sell a portfolio of reverse mortgage…
Developers pay off $115M in Miami construction loans as condos near sellout
https://therealdeal.com/miami/2026/06/02/developers-pay-off-115-million-in-miami-condo-loans/
Published: June 2, 2026 13:00
South Florida developers knocked out a combined $115 million in construction loans for Miami condo towers that are nearly sold out, as the demand for hospitality-branded residences heats up in the region. North Development paid off a $70 million loan to…
South Florida’s top deals: Fort Partners sells another Surf Club pad for $27M
https://therealdeal.com/miami/2026/06/02/south-florida-top-real-estate-deals-june-1-2026/
Published: June 2, 2026 12:19
🏆 Residential: The priciest home sale recorded in South Florida was at Fort Partners’ Seaway at the Surf Club at 9149 Collins Avenue in Surfside. A company tied to the island of Jersey in the Channel Islands purchased a 4,500-square-foot condo at the…
Access Industries scores $225M refi for Faena District
https://therealdeal.com/miami/2026/06/01/len-blavatniks-access-scores-225m-faena-district-refi/
Published: June 1, 2026 22:12
The real estate arm of billionaire Len Blavatnik’s Access Industries scored a $225 million refinancing of the debt backing the Faena District, The Real Deal has learned. J.P. Morgan increased the loan backing the district by $55 million, according to…
Billionaire David Steward’s son pays $17M for Wellington horse farm
Published: June 1, 2026 21:00
David Steward II, the son of billionaire tech entrepreneur David Steward, dropped $17 million for a horse farm in Wellington’s Grand Prix Farms community, according to property records. The younger Steward, CEO of Lion Forge Entertainment, purchased the…
Family firm buys mixed-use center near Boca Raton for $40M as CRE deals chill
Published: June 1, 2026 19:30
A family firm bought a 15-acre retail and office complex near Boca Raton for $40 million, amid softer South Florida commercial real estate deal activity. Interface Properties, a Boca Raton-based firm led by Zac and Ken Goodman, purchased the…
Movers: Cushman hires Acre co-founders to expand retail business
https://therealdeal.com/miami/2026/06/01/movers-cushman-hires-acre-co-founders-quintana-and-arrivo/
Published: June 1, 2026 18:20
Cervera Real Estate appointed Michelle Rojas, an industry veteran with over 30 years of experience, as vice president of sales and operations. She will oversee firm-wide compliance, lead operational strategy and head sales coaching and development for the…
MV Realty barred from CA over homeowner scam claims
https://therealdeal.com/la/2026/06/01/mv-realty-reaches-settlement-with-california-authorities/
Published: June 1, 2026 17:45
A legal dispute headed for Los Angeles County court involving a Florida-based real estate firm has come to a close. Last week, California Attorney General Rob Bonta announced a settlement with MV Realty, its CEO and its COO over a “predatory scheme”…
The Breakers starts demolition for major expansion
Published: June 1, 2026 16:30
The Breakers Palm Beach started construction on a major expansion of its family entertainment center, a spokesperson confirmed. The town of Palm Beach issued a demolition permit last month for the historic oceanfront resort to replace its current…
Watch mogul’s ex-wife finds buyer for waterfront Gables Estates home
https://therealdeal.com/miami/2026/06/01/rick-de-la-croix-ex-wife-selling-coral-gables-mansion/
Published: June 1, 2026 14:32
A waterfront mansion in Gables Estates asking $28 million was among the largest of last week’s signed contracts report in Miami-Dade County. The pending deal is one of the 28 luxury home contracts signed countywide between May 25 and May 31, according to…
“Parcel manipulation”: Homestead homeowners sue over developer’s two-decade control of HOA
https://therealdeal.com/miami/2026/06/01/prime-group-affiliate-sued-over-homestead-townhouse-hoa/
Published: June 1, 2026 13:00
Oversight and control of Florida residential communities governed by associations is supposed to transfer from the developer to homeowners as soon as the majority of parcels are sold. But at a Homestead townhouse complex, consisting of 117 two-story chalk…
South Florida’s top deals: Wellington estate trades for $17M
https://therealdeal.com/miami/2026/06/01/south-florida-top-real-estate-deals-may-29-2026/
Published: June 1, 2026 12:00
🏆 Residential: The top home sale to hit records was for an equestrian estate at 3351 Grand Prix Farms Drive in Wellington for $17 million. The seller was an LLC tied to Darin S. Goldstein, who had owned the property for decades. The buyer was an LLC…
Is South Florida’s branded condo boom reaching its limit?
https://therealdeal.com/magazine/june-2026/is-south-floridas-branded-condo-boom-reaching-its-limit/
Published: June 1, 2026 11:00
Nearly a decade ago, Argentinian grocery store mogul German Coto unveiled the multimillion-dollar sales center for his family’s Aston Martin Residences condo tower in downtown Miami showcasing bespoke details like a custom-made carbon fiber desk, leather…