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Real Estate News
Site URL: therealdeal.com/market/miami/
Feed URL: feeds.feedburner.com/trdnews_miami
Posts: 30
Followers: 1
As retail rents rise, so does the cost of dining out in Miami
https://therealdeal.com/miami/2025/12/10/cost-of-dining-out-in-miami-rises-alongside-retail-rents/
Published: December 10, 2025 23:00
As South Florida has become one of the most expensive places for dining out and for food and beverage tenants paying close to $100 a square foot for prime spaces, more local restaurants made an annual ranking of the 100 top grossing dining establishments…
Down for the count? Don King’s Magnolia Park site headed to auction
https://therealdeal.com/miami/2025/12/10/distressed-don-king-site-facing-foreclosure-auction/
Published: December 10, 2025 22:01
A lender is aiming to deliver a knockout blow against boxing promoter Don King over a distressed 52-acre redevelopment site in Palm Beach County. A foreclosure auction for the former jai alai fronton at 1415 45th Street in Mangonia Park is set for May 18…
Kolter, Perko near completion of controversial bulk condo buyout in Tequesta
https://therealdeal.com/miami/2025/12/10/kolter-perko-buy-majority-of-beach-sound-condo-building/
Published: December 10, 2025 19:34
The Kolter Group and Perko Development Partners closed on the majority of condos at a Tequesta building where they plan to develop a taller project. Delray Beach-based Kolter and Jupiter-based Perko acquired 11 of 12 units at Beach Sound, at 19930 Beach…
Developers’ pick Eileen Higgins is Miami’s next mayor
Published: December 10, 2025 17:30
The real estate industry rallied around frontrunner Eileen Higgins in the Miami mayoral runoff, and it paid off. The ex-Miami-Dade County Commissioner defeated Emilio Gonzalez, a former city manager, by an 18-point margin on Tuesday. Higgins nabbed 59…
Developer preps Florida City resi project with $8M-plus bond
Published: December 10, 2025 15:30
A residential project with 446 homes in Florida City will be partly financed through a Community Development District. Zamora Corporation proposed the Old Town Floridian CDD on the northeast corner of Southwest 336th Street and Southwest 192nd…
Why spec home sales in Miami’s Biscayne Park are taking off
https://therealdeal.com/miami/2025/12/10/why-spec-home-sales-in-miamis-biscayne-park-are-taking-off/
Published: December 10, 2025 14:45
Tech CEO Jody Glidden paid $4.8 million last month for a new home in Biscayne Park, a small town that’s sandwiched between Miami Shores and North Miami. Glidden, who is dating “The Real Housewives of Miami” cast member Lisa Hochstein, bought the tropical…
Palm Beach mansion sells for $30M after steep price cuts
https://therealdeal.com/miami/2025/12/09/via-sunny-palm-beach-mansion-sells-for-30-million/
Published: December 9, 2025 21:18
A Palm Beach mansion sold for $30 million and a third off the seller’s original asking price as home sales pick up. A trust sold 5 Via Sunny, which has eight bedrooms and two and a half bathrooms across a main house and a detached guest house, to 5 Via…
Core, James Resnick pick up Publix-anchored center in Plantation for $53M
https://therealdeal.com/miami/2025/12/09/epic-real-estate-heitman-sell-publix-anchored-retail/
Published: December 9, 2025 20:52
Core Investment Properties Fund and a partner bought a Publix-anchored shopping center in Plantation for $53 million. Grocery-anchored retail plazas are hot commodities in South Florida, as the asset class has proven resilient to e-commerce and other…
$44M Bear’s Club estate tops signed contracts in Palm Beach County
https://therealdeal.com/miami/2025/12/09/jupiter-home-asking-44-million-tops-palm-beach-contracts/
Published: December 9, 2025 17:53
Luxury deal volume in Palm Beach County picked up after Thanksgiving, thanks in part to the pending sale of a $44 million mansion in Jupiter. Buyers signed 16 contracts between Dec. 1 and Dec. 7 for luxury properties in Palm Beach County, according to…
One Sotheby’s takes over sales of Bay Harbor Islands condo project
Published: December 9, 2025 15:30
One Sotheby’s International Realty took over sales and marketing of 9900 West, a waterfront condo project in Bay Harbor Islands. The Brooklyn-based Horizon Group hired Miami-based One Sotheby’s to sell just over half the the 23-unit building at 9900 West…
“You’d be an idiot not to”: Multifamily owners tap Live Local tax breaks
Published: December 9, 2025 14:45
At his Douglas Enclave apartment building in Miami’s Little Havana, developer Henry Torres cut rents for some of the 199 units. Yet, his bottom line took no hit.  After completing the project in 2023, Torres decreased annual rates by an average of $3,000…
Crescent Real Estate buys Coral Gables office building at discount for $70M
Published: December 8, 2025 21:49
Crescent Real Estate bought the Ryder Colonnade office building in Coral Gables for $70.4 million, marking a 13 percent discount from its price over a decade ago. Fort Worth, Texas-based Crescent bought the 11-story building at 169 Coral Way from AEW…
Serhant in, Elliman out at Meta’s Coconut Grove condo project
https://therealdeal.com/miami/2025/12/08/serhant-replaces-douglas-elliman-opus-coconut-grove-sales/
Published: December 8, 2025 19:35
More than a year after launching sales for its boutique Coconut Grove condo project, Meta Development is bringing in Serhant to replace Doublas Elliman as the marketing lead. The six-story, 14-unit Opus Coconut Grove is slated for the site at 3137…
Goat Hospitality owners find buyer for $18M Pinecrest estate
https://therealdeal.com/miami/2025/12/08/goat-hospitality-owners-selling-18m-pinecrest-mansion/
Published: December 8, 2025 17:38
The owners of Goat Hospitality Group secured a buyer during Miami Art Week for their Pinecrest estate, which is on the market for $18 million. The pending deal marks the most expensive of 14 contracts signed in Miami-Dade County between Dec. 1 and Dec. 7,…
Lease roundup: Miami Freedom Park scores first tenants, Cardone attracts Craft Miami restaurant to Flagler Village
https://therealdeal.com/miami/2025/12/08/miami-freedom-park-cardone-dra-cp-group-nab-tenants/
Published: December 8, 2025 15:30
Fever, PopStroke, ToroVerde | Miami Miami Freedom Park scored three retail tenants for more than 125,000 square feet. Fever, a live entertainment platform that curates large cultural events, preleased 30,000 square feet; Tiger Woods-backed miniature golf…
Waterfront Venetian Islands mansion rented for record $200K a month
https://therealdeal.com/miami/2025/12/08/waterfront-miami-beach-home-rented-for-record-200k-monthly/
Published: December 8, 2025 14:45
The owner of a waterfront Venetian Islands estate rented the property out for $200,000 a month, setting a record for rentals across Miami-Dade County this year. The 9,350-square-foot mansion at 25 East Rivo Alto Drive in Miami Beach was rented for its…
Towers in Sunny Isles Beach are sinking more than engineers expected
https://therealdeal.com/miami/2025/12/05/sunny-isles-florida-towers-sinking-faster-than-expected/
Published: December 5, 2025 22:34
A handful of towers in Sunny Isles Beach are sinking much more than expected, raising questions about whether monitoring settlement should be a requirement across South Florida’s barrier islands. The Miami Herald examined dozens of engineering reports…
Integra pitches $386M deal to remake Miami-Dade public housing site
https://therealdeal.com/miami/2025/12/05/integra-pitches-386m-deal-to-remake-miami-dade-site/
Published: December 5, 2025 19:42
Integra Solutions wants to take on one of Miami-Dade’s biggest public housing overhauls, proposing a $385.9 million redevelopment that would quintuple density on a 12-acre Brownsville site while layering in a wide spread of income-restricted units. The…
Greystar, Artemis buy Palm Beach Gardens age-restricted apartments for $69M
https://therealdeal.com/miami/2025/12/05/united-group-sina-sell-rental-complex-to-greystar-artemis/
Published: December 5, 2025 17:56
Greystar and Artemis Real Estate Partners bought a 220-unit age-restricted apartment complex in Palm Beach Gardens for $69.4 million. Charleston, South Carolina-based Greystar and Chevy Chase, Maryland-based Artemis bought the Everleigh Palm Beach Gardens…
Inter Miami’s Sergio Busquets lists waterfront Fort Lauderdale house
https://therealdeal.com/miami/2025/12/05/sergio-busquets-selling-waterfront-fort-lauderdale-house/
Published: December 5, 2025 15:30
Inter Miami’s Sergio Busquets is looking to sell his waterfront home near Fort Lauderdale for $9.8 million, just two years after buying the property. Busquets, considered one of the best defensive midfielders in soccer, is retiring from Major League…
Ortsac buys Pembroke Pines multifamily at discount for $53M
https://therealdeal.com/miami/2025/12/05/lloyd-jones-sells-broward-county-rentals-to-ortsac-capital/
Published: December 5, 2025 15:04
Ortsac Capital Group bought a 206-unit apartment complex in Pembroke Pines for $52.5 million, marking a slight discount from its purchase price six years ago. The deal at a 5.6 percent discount comes amid higher interest rates and South Florida’s…
Homeowner accuses city of Miami of land-taking scheme via “abusive” process
https://therealdeal.com/miami/2025/12/04/miami-homeowner-sues-over-abusive-permitting-land-grab/
Published: December 4, 2025 22:00
A Miami homeowner is accusing the city of attempting to take private property via an allegedly abusive permitting process, a scheme that may affect more than 1,000 homes in Miami, a lawsuit claims. Charles “Chad” Trausch filed an amended complaint against…
Property-tax cuts move forward despite worries over emergency services
Published: December 4, 2025 21:31
Florida Republicans moved forward four proposals to reduce property taxes in the state, in spite of growing fears of funding impacts to local and emergency services. The House State Affairs Committee approved four proposed constitutional amendments this…
DW Partners buys Keys Gate homesites in $24M Lennar land bank switchup
https://therealdeal.com/miami/2025/12/04/lennar-switches-land-banks-for-423-keys-gate-homesites/
Published: December 4, 2025 19:30
Lennar switched land banks for 423 homesites in the Keys Gate residential subdivision in Homestead in a $24 million deal. JEN Partners, a New York-based firm that’s served as a land bank for Lennar, sold the lots to DW Partners, also based in New York,…
D.R. Horton’s south Miami-Dade blitz to bring Florida City townhomes
https://therealdeal.com/miami/2025/12/04/d-r-horton-proposes-townhomes-in-south-miami-dade/
Published: December 4, 2025 15:30
D.R. Horton proposed a 108-townhome complex in Florida City, as it rushes to build in south Miami-Dade County. Texas-based D.R. Horton slated the project for a 7.2-acre site at 530 Southwest Third Avenue, 354 Southwest Seventh Street and two adjacent…
Green spree: Golf is driving development in Hobe Sound
https://therealdeal.com/miami/2025/12/04/in-palm-beachs-hobe-sound-golf-drives-development/
Published: December 4, 2025 14:45
Hobe Sound, just north of Palm Beach County’s golf mecca Jupiter, has emerged as a hotspot for developers looking to build the next generation of exclusive golf developments. The golf community is hardly a new real estate phenomenon. Done well, they become…
Steve Ross backs South Florida air-taxi network
https://therealdeal.com/miami/2025/12/03/steve-ross-backs-south-florida-air-taxi-network/
Published: December 3, 2025 22:32
In a not too distant future, financiers in Steve Ross’ West Palm Beach office towers will be able to leave work and zip down to his Hard Rock Stadium in Miami Gardens in less than 30 minutes. They will ride, Jetsons-style, in Archer Aviation air taxis,…
Developer shrinks resi plans near Naranja, opting for townhomes
https://therealdeal.com/miami/2025/12/03/developer-shrinks-townhome-project-in-south-miami-dade/
Published: December 3, 2025 21:30
A developer scaled back his plan for a 500-unit project with mostly apartments near Naranja to a 245 townhome complex, citing higher demand for larger homes. Attorney Gus Deribeaux, through two entities, wants to develop the townhomes on a 17.3-acre…
Billionaire Jorge Mas linked to $100M+ sale of waterfront Coconut Grove property
https://therealdeal.com/miami/2025/12/03/billionaire-jorge-mas-flips-miami-lot-for-100-million/
Published: December 3, 2025 20:32
A company tied to billionaire businessman Jorge Mas sold a waterfront property in Miami’s Coconut Grove for more than $100 million, The Real Deal has learned. The sale of the 7.3-acre residential lot off of Douglas Road next to the Kampong botanical…
Save Boca vs Rescue Boca: Lines drawn in Terra, Frisbie’s contentious One Boca project
https://therealdeal.com/miami/2025/12/03/judge-blocks-boca-raton-public-land-referendum/
Published: December 3, 2025 20:02
A public-private partnership between Boca Raton, David Martin’s Terra and the Frisbie family’s Frisbie Group to redevelop the coastal city’s government campus has erupted into an impassioned debate over how, exactly, public land should be used, sold and…