Despite fears that South Florida's economy could be on the brink of a crippling recession, there is reason for optimism, albeit cautious optimism. That is the consensus among a cross-section of real estate, banking and academic experts contacted by The Real Deal. More
Downtown Miami's post office building, the circa-1912 historic landmark that served as the city's original Federal Courthouse, post office and weather bureau, is on the market. More
Once marked by low- and midrise motels, Sunny Isles Beach now hosts high-rise resorts with dozens more luxury condo towers, retail shops and waterfront restaurants coming on line. But will the local economy bust before the dust even settles on redevelopment projects? More
According to reports recently issued by brokerage CB Richard Ellis Inc., the South Florida office market is holding its own— and even prospering in areas— due to continued strong fundamentals. But there are some signs of weakness. Corporate bankruptcies, downsizings and the downturn in the economy haven't taken a major toll on the office market here —yet. More
Enrique Norten can't slow down. With offices in New York City and Mexico City, a chaired professorship at the University of Pennsylvania School of Design, a family and children in Pennsylvania, and multiple projects for everything from private homes and museums to libraries and skyscrapers in cities throughout the world, the award-winning Mexican-born architect has neither the time nor the volition to stand still these days. More
The condominium crash is throwing a wrench in Downtown Hollywood's revitalization efforts. Condo projects that once saw people lining up around the block for pre-construction deals are now struggling to close. Some may sit dark despite the buzz of restaurants and retail shops surrounding them. More
An Australian mall owner has expanded its portfolio by snapping up two South Florida shopping centers, apparently betting efficiencies associated with its clustering strategy and its willingness to invest in upgrades will offset difficulties in the retail climate. More
South Florida real estate brokers have long known that the
international market is thriving. However, while the domestic housing
market was booming, few did anything to tap into this lucrative market.
But times are changing. Quickly.
More
A 1.5 million-square-foot office-hotel-condo complex under construction in Miami's financial district will combine eco-friendly materials with luxury amenities. More
Hell hath no fury like a real estate broker scorned, especially when it involves a multi-million dollar deal, the client refuses to pay the commission and the FBI makes an appearance at the closing. More
Founder, chairman and CEO of the Related Group, Florida's top multifamily developer and the largest Hispanic-owned business in the United States. Since its formation over a quarter of a century ago, Related has built and/or managed over 70,000 apartments and condominiums. More
A 1.5 million-square-foot office-hotel-condo complex under construction in Miami's financial district will combine eco-friendly materials with luxury amenities. More
An Australian mall owner has expanded its portfolio by snapping up two South Florida shopping centers, apparently betting efficiencies associated with its clustering strategy and its willingness to invest in upgrades will offset difficulties in the retail climate. More
KanAm Grundinvest Fonds, an active German real estate investment fund, has acquired the American Express campus in Plantation for $73 million, or about $194 per square foot. More
Many South Florida condo developers are operating properties as rentals until the market improves—or selling units in bulk (often at big discounts) to investors likewise looking to rent them out until the market changes. More
Commercial and residential real estate news briefs from the most active South Florida markets More
High-net-worth individuals, pension funds, developers, hedge funds and institutions from around the world are all sniffing about the South Florida market, trying to snap up deals. More
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